Wednesday, September 22, 2021
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Lenders hire specialist agencies to analyse default probability of borrowers

Risk-averse lenders wary of large exposures in the post-Covid era are hiring consultants and specialist agencies to analyse the default potential of all proposals in excess of Rs 500 crore. Lenders want to ensure that they have a clear perspective of the borrower’s future default risks and cash flow situation

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Your auto-debit from debit/credit card may fail from next month if not approved

Do you use your debit/credit card or mobile wallet for recurring auto-debit payments? If yes, then you should know that from October 1 onwards, as mandated by the Reserve Bank of India (RBI), banks and other financial institutions will have to ask customers to provide additional factor authentication if

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Stocks will break out of trouble and hit new record highs, market bull Tony Dwyer predicts

A significant buying opportunity may be unfolding on Wall Street.Canaccord Genuity's Tony Dwyer believes a record rally will follow the recent market tumult."We're going to move from this summer of indigestion into the year-end opportunity," the firm's chief market strategist told CNBC's "Trading Nation" on Tuesday. "We're just not

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Stock futures open slightly lower ahead of Federal Reserve update

U.S. stock futures opened slightly lower Tuesday night after the major averages tried but failed to rebound from Monday's Evergrande-led sell-off in the regular session.Dow Jones Industrial Average futures fell 30 points, or 0.09%. S&P 500 futures and Nasdaq 100 futures fell 0.13% and 0.18%, respectively.In regular trading the

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Stocks making the biggest moves after the bell: Stitch Fix, Hyatt Hotels, FedEx and more

People walk around the International Hotel Grand Hyatt during the outbreak of the COVID-19 pandemic on May 21, 2020 in New York City.VIEW press | Corbis News | Getty ImagesCheck out the companies making headlines after the bell Tuesday:FedEx – Shares of the shipping company fell nearly 4% after

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Stocks making the biggest moves midday: Uber, DraftKings, Seagen, Activision Blizzard and more

Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019.Philip Pacheco | AFP via Getty ImagesCheck out the companies making headlines in midday trading.Uber — The ride-hailing giant saw its stock surging 11% after the company boosted its third-quarter financial outlook

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DraftKings makes $20 billion offer for UK sports betting company Entain, sources say

Omar Marques | LightRocket | Getty ImagesDraftKings is making a $20 billion offer to acquire U.K. online sports betting company Entain, people familiar with the matter told CNBC's David Faber on Tuesday.The offer is largely in DraftKings stock, along with cash, according to the sources.Entain shares jumped roughly 17%

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JPMorgan Chase is buying college financial aid platform Frank to deepen ties with students

Charlie Javice, Founder/CEO of Frank, which is a college financial aid start-up.Source: JP MorganJPMorgan Chase has acquired college planning platform Frank to deepen relationships with students and their parents, CNBC has learned exclusively.Frank is an online portal with tools that help students apply for and negotiate financial aid, enroll

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Revolut, the $33 billion fintech player, is rolling out commission-free stock trading in the U.S.

Revolut CEO Nikolay Storonsky speaks onstage at the TechCrunch Disrupt conference in San Francisco, California.Kimberly White | Getty ImagesRevolut, the global fintech player valued at $33 billion, will soon offer commission-free stock trading to U.S. customers for the first time, CNBC has learned.The start-up is set to announce Tuesday

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