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‘Bond King’ Gundlach says inflation environment today reminds him of the 1970s: ‘Jimmy Carteresque’

The current inflation scenario is reminiscent of the 1970s and the Federal Reserve needs to take action to temper the rising prices, according to the "Bond King" Jeffrey Gundlach.The DoubleLine Capital CEO told CNBC's "Halftime Report" on Thursday that with inflation rising and Treasury yields remaining so low, U.S. bonds

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Mark Wahlberg-backed F45 pops on IPO day. The actor says the workouts have incredible energy

Global fitness company F45 Training, backed by actor Mark Wahlberg, made its stock market debut Thursday.Under the ticker symbol FXLV, it started trading on the New York Stock Exchange and went as high as $17.75 per share on its first day for a $1.6 billion market cap. The initial

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Authum emerges as top bidder for Reliance Commercial Finance

Authum Investment and Infrastructure has emerged as the top bidder to take over Reliance Commercial Finance (RCF), a company of debt-ridden Anil Ambani-promoted Reliance Group, with about Rs 1,600 crore offer. This is the second Reliance Group company for which Authum has emerged as a winner. Last month, a consortium

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UPI records phenomenal growth, other nations keen to learn from Indian experience: Financial Services Secretary Debasish Panda

Digital transactions through UPI recorded phenomenal growth during the pandemic year 2020-21 and several countries have evinced interest to learn from Indian experience so that they could replicate the model, Financial Services Secretary Debasish Panda said on Thursday. The COVID-19 pandemic, he said, has encouraged people to use digital

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Bandhan Bank faces asset quality test with sharp fall in repayment collection

Non-repayment of microfinance loans has dragged Bandhan's Bank collection efficiency down to 80% in June from 96% three months back, indicating the rising stress on the lender's asset quality due to the second wave of the pandemic. Collection efficiency on microfinance loans nosedived to 72% from 95% over the same

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Physical bank branches will continue to play key role in rural areas: Bankers

Physical bank branches will continue to play an important role in rural areas, despite the adoption of digital transactions seeing a significant jump in these areas in the last 18 months, say bankers. "Rural is becoming digital but it needs a physical presence. Rural will always remain a little

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Heartflow CEO going public via a $2.8 billion SPAC deal with Glenview Capital

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGlenview Capital is leading a SPAC to take Heartflow public in $2.8B deal. Larry Robbins, Glenview Capital founder and CEO and Longview acquisition II chairman, and Dr. John Stevens, Heartflow co-founder and CEO, join 'Squawk on the

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