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NARCL offers too low, feel bankers

Mumbai: The first two offers to banks from the government-backed bad loan aggregator, National Asset Reconstruction Co Ltd (NARCL), has stunned bankers because of its low value, raising questions about the viability of the exercise. Bankers said the offers for Rainbow Papers and EPC company (CCC) is between

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Goldman Sachs, bank behind the Apple Card, says regulators are investigating its credit card practices

Goldman Sachs CEO David Michael Solomon attends a discussion on "Women Entrepreneurs Through Finance and Markets" at the World Bank on October 18, 2019 in Washington, DC.Olivier Douliery | AFP | Getty ImagesGoldman Sachs said that its credit-card business is being investigated by the Consumer Financial Protection Bureau over

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Axis Bank to wind up UK subsidiary after deal with OpenPayd fails

India's third largest private lender is winding up its subsidiary in Britain after a deal with financial firm OpenPayd failed, it said in a regulatory filing on Thursday. Axis Bank first said in 2020 that it will be winding down its UK operations. Currently, the bank's international strategy

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Active Demat accounts on CDSL cross 7-crore mark

Central Depository Services on Thursday said the number of active Demat accounts on its platform has crossed the 7-crore mark. Central Depository Services (India) Ltd or CDSL began operations in 1999. It facilitates holding and transacting in securities in the electronic form and settlement of trades on stock exchanges,

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How Does Term Life Insurance Provide the Best Value To You?

Keeping your family secure and financially stable can be one of your most preoccupying and consuming tasks. However, it does not have to be that way if you are protected by a reliable term plan. It can provide a sense of certainty for your family's future and is affordable

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Coinbase shares soar 26% in boost from meme traders, BlackRock crypto deal

The logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, U.S., April 14, 2021.Shannon Stapleton | ReutersShares of Coinbase soared on Thursday after the crypto exchange announced a partnership with BlackRock that will

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The great unrest: How 2020 changed the economy in ways we can’t understand yet

In an earnings call this week, Yum Brands CEO David Gibbs expressed the confusion many people are feeling as they try to figure out what's going on with the U.S. economy right now:"This is truly one of the most complex environments we've ever seen in our industry to operate

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Moody’s upgrades Yes Bank rating, changes outlook to ‘stable’ on capital raise plan

Moody's on Thursday said it has upgraded 's rating while changing outlook to 'stable' on the back of its equity capital raise plan announced last week. The global rating agency has upgraded the private sector lender's long-term foreign currency issuer rating and long-term foreign and local currency back deposit

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Stocks making the biggest moves premarket: Eli Lilly, Cigna, Restaurant Brands and more

Take a look at some of the biggest movers in the premarket:Eli Lilly (LLY) – The drug maker's stock fell 3.6% in the premarket after it missed estimates with its quarterly results and cut its full-year forecast. Lilly's performance during the quarter was impacted by lower prices for insulin

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Gold rises Rs 487; silver gains Rs 426

Gold in the national capital on Thursday gained Rs 487 to Rs 52,566 per 10 grams amid a rise in international precious metal prices along with rupee depreciation, according to Securities. The yellow metal had closed at Rs 52,079 per 10 grams in the previous trade. Silver also

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