The board of ICICI Bank has approved the reappointment of Sandeep Bakhshi as MD & CEO for a further two-year term, beginning October 4, 2026 and ending October 3, 2028. Bakhshi’s current tenure runs till October 3, 2026. He took over as MD & CEO in October 2018 and has been credited with significant turnaround … Read more
President Donald Trump railed against JPMorgan Chase & Co. and its leader Jamie Dimon, threatening to sue the banking giant over his claim that he was debanked after the Jan. 6, 2021, Capitol riot. In a post Saturday, Trump responded to a Wall Street Journal story that said Trump offered Dimon the role of Federal … Read more
Godrej Industries (GL) has incorporated a new subsidiary Godrej Investment Ltd (GIL). The new Company will serve as the umbrella holding company for group’s financial services businesses. The group’s current lending operations, housed under Godrej Capital Ltd., include Godrej Housing Finance Ltd. and Godrej Finance Ltd., a Non-Banking Financial Company (NBFC). Godrej Capital under the … Read more
Moody’s Ratings has affirmed Shriram Finance Ltd’s (SFL) Ba1 long-term corporate family rating (CFR). The outlook has been changed to positive from stable. On December 19, 2025, SFL announced that MUFG Bank, Ltd. would acquire a 20% stake in the company through a preferential allotment of shares for ₹39600 crore (about $4.4 billion). The transaction is … Read more
Subsequent to the MUFG news, CARE has upgraded Shriram’s FD credit rating to AAA Stable. This was widely expected and should help the Company in bringing down it’s cost of borrowings.
After denying rumors in October 2025, Shriram Finance (SFL) has announced the deal with MUFG Bank Ltd., Japan’s largest bank and a part of Mitsubishi UFJ Financial Group (MUFG). MUFG Bank will invest Rs 39,618 crore, equivalent to around USD 4.4 billion, in SFL through a preferential issuance of equity shares. It will get 20% … Read more
The Reserve Bank of India (RBI) has accorded its approval to HDFC Bank Ltd Bank (being promoter / sponsor of its group entities HDFC Mutual Fund, HDFC Life Insurance Company Ltd, HDFC ERGO General Insurance Company Ltd, HDFC Pension Fund Management Ltd and HDFC Securities Ltd) to acquire “aggregate holding” of up to 9.50% of … Read more
At 9:01am this Monday, something quietly historic happened on the National Stock Exchange. For the first time, options-crazed traders didn’t dive straight into live futures prices at the opening bell – they had to watch a call auction screen instead.NSE’s new 15-minute pre-open session for equity derivatives went live on December 8, in what traders … Read more
Today, Gemini Space Station, Inc. (Gemini) (NASDAQ:GEMI) announced that Gemini Titan, LLC (Titan), an affiliate, received a Designated Contract Market (DCM) license from the Commodity Futures Trading Commission (CFTC), which will allow Gemini to begin offering prediction markets to U.S. customers. Gemini first applied for a DCM license on March 10, 2020. “Today’s approval marks … Read more