The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice.One idea is coming from Apex Clearing, CNBC has learned. The clearing firm handles trades for SoFi, Webull and other fintechs and has been quietly building a marketplace for Read More
The Reserve Bank on Friday asked small finance banks (SBFs) to continue to evolve in tune with the differentiated banking licence given to them with proportionate growth in their capital base.
In a statement, the RBI said deputy governors M K Jain and M Rajeshwar Rao held discussion with Managing Read More
Check out the companies making headlines before the bell:DocuSign (DOCU) – The electronic-signature technology company's stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a return to post-Covid working conditions could cut into its business.Vail Read More
The Reserve Bank of India (RBI) has advised Small Finance Banks (SFBs) to continue to evolve in tune with the differentiated banking license given to them in a meeting held on June 10.
The emphasis was laid on sustainable growth of SFBs, majorly on the governance system and business Read More
New Delhi: Gold prices declined by Rs 58 to Rs 50,793 per 10 grams in the national capital on Friday, according to HDFC securities. In the previous trade, the yellow metal settled at Rs 50,851 per 10 grams.
Silver also tumbled by Rs 601 to Rs 60,914 per kg Read More
The Ministry of Corporate Affairs is reportedly preparing a Cabinet note on cross-border insolvency, which will be discussed soon by the Union Cabinet, sources told ETNow.
As the inter-ministerial consultations are now over, a bill on cross-border insolvency is expected to be introduced in the Monsoon session of the Read More
The Insurance Regulatory and Development Authority of India (IRDAI) has allowed life insurance companies to introduce products without taking its prior permission, extending the same relaxation it has given to health and general insurance companies ten days ago.
In a notification posted on its website, the IRDAI said life insurance Read More
With an investment of Rs 2,200 crores through a wholly-owned subsidiary, the Abu Dhabi Investment Authority (ADIA) bought 20% stakes in IIFL Home Finance on June 10. However, approval from the regulatory board is still awaited.
According to an external investor the deal, if approved, will be one of Read More
Apple Pay Later will let users pay for things over four equal installments.Jakub Porzycki | Nurphoto | Getty ImagesAMSTERDAM — Apple's move into the crowded "buy now, pay later" space has raised the stakes for the fintech companies that pioneered the trend.The iPhone maker announced plans to launch its Read More
Limited has collaborated with Go Digit General Insurance Limited, one of India's fastest growing general insurers, to provide small and medium business owners with a shop insurance coverage. Fino serves as a corporate representative for Go Digit.
The partnership will allow small and medium businesses to take advantage of Read More