RBI rejects lenders’ bid to acquire pre-NPA assets, resell to same borrowers
Under Section 9 of the Banking Regulation Act, banks are barred from holding such non-banking assets beyond a specified period. It had said in May that the idea of...
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Visa Sees Stablecoins Powering AI-Driven Micro-Commerce, Though Artemis Highlights Major System Gaps
TL;DR: Visa and Artemis say agentic commerce will split between macro-commerce for consumer-sized purchases and micro-commerce for frequent sub-dollar software...
EU orders Google to share search data, open Android to AI rivals
The EU's directive could reshape tech competition, challenging Alphabet's dominance and influencing global market dynamics significantly. The post EU orders Google...
ARG Fan Token Surges 118% After Argentina Beats England in FIFA Semis
Argentina’s comeback win sent the ARG Fan Token soaring over 118%, with trading volume jumping more than 2,200% in 24 hours.
What's driving Intel, AMD stocks down 'again' on Thursday?
Intel (INTC) and Advanced Micro Devices (AMD) shares are under immense pressure on Thursday morning, amidst what can be described as a “perfect storm”. A mix of...
Drones intercepted over Erbil amid rising Iran-US tensions
Escalating Iran-US tensions heighten risks of broader regional conflict, impacting Gulf states and causing market volatility amid uncertainty. The post Drone...
Brazil calls Trump’s 25% tariff unjustifiable, vows to impose reciprocal tariffs
Brazil warns of reciprocal tariffs as tensions rise over new US trade penalties.
Banks’ have to dispose of “specified non-financial assets” acquired from a borrower within 7 years: RBI
The central bank noted that a bank generally does not transact in immovable assets as part of its core business operations, except in exceptional cases