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Ujjivan Small Finance Bank to have 50 per cent in secured loans over next 2-3 years

Ujjivan Small Finance Bank, after facing headwinds amid the COVID-19 pandemic, is charting out a more balanced growth path by increasing its secured loan book to 50 per cent of total assets over the next two-three years. As part of its asset diversification strategy, the lender has already resumed

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Stocks making the biggest moves midday: Target, Lowe’s, TJX and more

Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania.Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles.

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Scammers are taking advantage of a baby formula shortage, Federal Trade Commission warns

Sod Tatong | Moment | Getty ImagesScammers are exploiting a nationwide baby formula shortage, tricking consumers into paying hefty prices through fraudulent online stores, the Federal Trade Commission said Wednesday.The con artists lure "desperate parents and caregivers" via fake websites or social media profiles with images and logos of

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Jack Dorsey outlines Block’s bitcoin-centric future at first investor day in five years: ‘No longer just a payments company’

Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018.Anushree Fadnavis | ReutersBlock executives no longer want the firm to be seen as a payments pure play.The San Francisco-based company held its first investor day

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UCO Bank appoints Sujoy Dutta as new CFO; J&K Bank gets new govt nominee director

UCO Bank on Wednesday said it has designated Sujoy Dutta as the new chief financial officer with immediate effect. "Sujoy Dutta, deputy general manager of our bank, has been designated as new Chief Financial Officer (CFO) of the bank with immediate effect in place of Shashi Kant Kumar, general

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Goldman Sachs CEO advises clients to be cautious because Fed policy has unpredictable consequences

Goldman Sachs CEO David Solomon is advising his clients to be more cautious with their finances because the Federal Reserve's moves to combat inflation could result in recession or other negative consequences.Higher interest rates and a reversal in the Fed's bond-buying programs are "going to have an impact on

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