Americans have a huge automotive debt problem right now. A new survey shows that 31 percent of American drivers who financed their car are underwater on their loans. The problem is even worse for EV owners – 46 percent of those folks have negative equity in their electric cars. Furthering the issue is the fact … Read more
Societe Generale sold shares worth Rs 47 crore in SpiceJet via block deals on Wednesday. In a couple of block deals which saw both buying and selling action, the French bank and financial services company sold over 83.56 lakh shares for Rs 52.5 crore and also bought 9.4 lakh shares for Rs 5.87 crore. On … Read more
Photo: Justin Sullivan / Staff (Getty Images) With an average transaction price of nearly $50,000, it’s no secret that new cars are basically just for rich people now. You can’t even buy a single new car for less than $20,000. If wages had kept up with the rising cost of a new car, that wouldn’t … Read more
Market regulator Securities and Exchange Board of India (Sebi) has reduced the time taken for credit of bonus shares and their eligibility for trading to two days from the record date. In a circular issued on Monday, Sebi enabled T+2 trading of the bonus issue which means that the shares allotted in the bonus issue … Read more
Bank of Baroda is likely to raise up to Rs 5,000 crore through the issuance of infrastructure bonds in coming days, as the state-owned lender looks to garner long-term funds amidst firm demand for credit. The bank may conduct the debt sale on September 6, with the issuance likely to have a base size of … Read more
Foreign investors infused Rs 11,366 crore in the Indian debt market so far this month, pushing the net inflow tally in the debt segment to over the Rs 1-lakh-crore mark. Foreign investors’ strong buying interest in the Indian debt market can be attributed to India’s inclusion in JP Morgan’s Emerging Market government bond indices in … Read more
The Securities and Exchange Board of India (Sebi) has proposed faster credit and trading of bonus shares. It has suggested to streamline and reduce timelines of bonus issue enabling T+ 2 trading of shares post record date. The move is aimed to reduce investors’ risk of market volatility due to any delay in credit of … Read more
(The Hill) – The Biden administration announced Tuesday it will be following through on plans to bar medical debt from being included on credit scores. “One of the most significant consequences of carrying medical debt is the harm it does to a person’s credit score,” Vice President Harris said in a press briefing. “Medical debt … Read more
About a third of American households, according to a survey from the Federal Reserve, don’t have $500 in their savings accounts. Because we live in a car-centric society, having your car unexpectedly break down could cause massive financial hardship. If a car in one of these households needs repairs, and there isn’t enough cash on … Read more
Users can now make payments from prepaid payment instruments through third party applications and deposit cash at ATMs, via UPI, the Reserve Bank Governor said. “Given the experience gained from card-less cash withdrawal using UPI at the ATMs, it is now proposed to also facilitate deposit of cash in CDMs using UPI. This measure will … Read more
