Global product engineering and digital services firm Tata Technologies Ltd on Friday reported a 6.2 per cent rise in consolidated profit after tax at Rs 180.75 crore during the June quarter. The company had posted a consolidated profit after tax (PAT) of Rs 170.28 crore in the corresponding quarter of the previous fiscal year, Tata…
“Banking is entering its Renaissance age.” That was the subject line on a pitch that landed in my inbox this week. The pitch was about banking and AI in some form or fashion, and frankly the pitch didn’t grab me. But the subject line did. Processing Content I mean, has there ever been a better…
Op risk data: Pentwater pays up for taking Avis shares for a spin – Risk.net Skip to main content End of drawer navigation content Also: Romania’s Robor cop gets tough on benchmark rigging; Wamco’s cherry-picking squashed. Data by ORX News Pentwater Capital Management incurred June’s largest loss when it agreed to pay $650 million to…
Markets regulator Sebi on Friday cautioned regulated entities and listed companies against an emerging cyber fraud known as the “Boss Scam”, in which fraudsters impersonate chief executives or other senior officials to trick finance teams into transferring funds. The advisory follows an alert from the Indian Cyber Crime Coordination Centre (I4C), which has flagged a…
Mortgage interest rates crossed the 6.5% threshold again today. July’s rates have been elevated beyond what we saw in June, trending above last month’s average (6.34%) for 16 days straight. The average interest rate on a 30-year, fixed-rate mortgage rose to 6.51% APR, according to rates provided to NerdWallet by Zillow. This is two basis…
Shares of Netflix Inc (Nasdaq: NFLX) are down more than 11% in premarket trading on Friday following an earnings report that came close to Wall Street’s expectations but also announced plans to reduce engagement transparency. Released on Thursday, July 16, the streamer’s second-quarter earnings report revealed $12.56 billion in revenue, a 13% increase year-over-year (YOY)….
Stephen Rosenberg’s Greystone Real Estate Capital continues its equity push into U.S. affordable housing. Commercial Observer can first report that Greystone Real Estate Capital closed its second affordable housing fund — Greystone Affordable Housing Fund II — securing $137 million of Low-Income Housing Tax Credit (LIHTC) financing from several investors to support the development and…
Councils are failing to collect fines issued to rogue and criminal landlords, according to data from the National Residential Landlords Association (NRLA). That is despite an increase in the number of property inspections conducted by local authorities. The statistics, obtained under the Freedom of Information Act show that for councils across England, the number of…
MakeMyTrip’s India unit has filed confidential papers with market regulator Sebi for a proposed initial public offering on Indian stock exchanges. The company said its wholly owned subsidiary, MakeMyTrip (India) Ltd, has submitted the confidential filing with Sebi, BSE and NSE for a proposed listing on the main board. The IPO is expected to involve…
The market regulator, Sebi, on Friday eased mutual fund investing by allowing SWP and STP standing instructions for demat holdings to facilitate ease of doing business. According to a circular, mutual Fund investors can avail the facility of SWP by creating standing instructions with mutual fund or its RTA for periodic redemption of specified number…