Afin Bank has launched a regulated bridging proposition offering lending of up to 80% loan-to-value (LTV) gross. The new proposition is being led by John Smith, who has been promoted to head of bridging at Afin Bank as part of the launch. In addition to offering higher LTVs, Afin’s bridging product will roll up interest…
The Employees’ Provident Fund Organisation (EPFO) has moved its entire member database to a centralised platform under the Centralised IT Enabled Services (CITES) project, Union Labour and Employment Minister Mansukh Mandaviya said on Wednesday. The move is aimed at making EPFO services faster, transparent and user-friendly. According to Mandaviya, the CITES project modernises EPFO’s service…
Mortgage rates are a little higher this morning and could keep going up as the U.S.-Iran ceasefire appears to have fallen apart. The “are a little higher” happened because the United States resumed strikes on Iran yesterday in response to reported Iranian strikes on ships in the Strait of Hormuz. The “could keep going” is…
News Published: Wednesday, July 8, 2026, 18:30 [IST] Silver has become much more expensive in India than global benchmark prices, as tighter import rules have reduced supplies in the country. According to a Reuters report, dealers said silver is now trading at a premium of around $6.5 per ounce in the domestic market, which is…
Jeff Bezos attends the Viva Technology show at Parc des Expositions on June 17, 2026 in Paris, France. Chesnot | Getty Images Entertainment | Getty Images Jeff Bezos‘ Blue Origin is raising about $10 billion, in its first outside funding round that will value the rocket company at $130 billion, sources told CNBC’s Andrew Ross…
The Securities and Exchange Commission today announced five new members of the Small Business Capital Formation Advisory Committee. The new members were appointed to four-year terms and will join the 15 current Commission-appointed committee members. “I thank the new members for their willingness to serve on the advisory committee, which plays an important role in advising the Commission in our work to facilitate…
🏆 New Building: The largest new building application filed last week was in Queens. EMP Capital Group plans to construct two buildings at 35-13 Steinway Street and 35-08 41st Street in Long Island City that would span a combined 183,876 square feet. The Steinway Street building would stand 19 stories tall and house 99 apartments;…
The Ministry of Labour and Employment notified the Employees’ Pension Scheme (EPS) 2026 on 29 June. This new scheme has replaced the EPS-1995 and 1971 Family Pension Scheme under the Code of Social Security, 2020. For about 6 crore EPFO subscribers, it is natural to wonder whether their retirement planning needs a fresh impetus and…
HSBC has suspended high-risk private credit financing after major corporate insolvencies. Credit: Alexander Fedosov / Shutterstock.com HSBC has suspended high-risk private credit financing following major corporate insolvencies that exposed weak industry underwriting, the Financial Times reported citing sources. The UK-headquartered banking giant recently informed clients it will not renew facilities for private credit funds that…
Just days after the Markets in Crypto-Assets regulation became fully applicable on July 1, the European Parliament called on the European Commission to identify gaps in the current crypto rulebook and assess whether further regulation is needed. For brokers and institutional firms, it signals that areas currently outside MiCA are likely to receive greater regulatory…