• Fri, December 6, 2024

by: Business Line

RBI proposes credit line access on UPI for Small Finance Banks

by: Food Manufacture

Futureproofing farming: Finance expert shares inheritance tax insight and planning tips

Following recent backlash from many UK farmers against changes to inheritance tax, Sam Cawley, investment director and chartered financial planner from law firm Nelsons, explores what this will mean and some key considerations to help prepare for change and mitigate impact.

by: Business Standard

Japan Credit Rating Agency awards SMFG India Credit AA- Rating, 4 Notches Above India's Sovereign Rating

SMFG India Credit (SMICC), a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), has been awarded an international credit rating of "AA-" with a stable outlook by the Japan Credit Rating Agency (JCR).

by: Insider Monkey

Tourlite Capital Management's Q3 2024 Investor Letter

Tourlite Capital Management, an investment management firm, released its third quarter 2024 investor letter. Tourlite Fund, LP Founder Class returned 4.5% for Q3 2024 and 13.8% year-t0-date while the S&P 500 Index returned 5.9% and 9.3%, respectively. In addition, please check the fund's top five holdings to know its best picks in 2024.

by: ZDNet

My 4 favorite open-source apps for personal finance - that run on Linux, MacOS, and Windows

Want to manage your finances in a dedicated money app? These open-source options are some of the most popular - and for good reason.

by: Upstream

Chevron's 2025 capex reduction could be a precursor to other supermajor rein-ins next year

by: Tuko

Kenya to Borrow KSh 500b Diaspora Loan to Upgrade JKIA, Finance Other Projects

by: bnnbloomberg

A Sociologist Shines a Light on Traders, Flash Boys and Online Adtech

by: Seeking Alpha

Gibson Energy: A 6.4% Dividend Yield While Investing In Growth

Discover why Gibson Energy is a strong investment option with its generous dividend, low payout ratio, and improved financial health.

by: AOL

Exclusive: Prima, Mexico-based manufacturing and supply chain integrator, reveals it has raised $42.5 million

Prima raised $23 million in new Series A backing earlier this year, a few months before Donald Trump's election victory.

by: WTOP News

MGM National Harbor had a slower November than last year

by: Crain's Cleveland Business

Kluch opening its largest cannabis facility yet in Cuyahoga Falls

Klutch Cannabis is working on construction at 1972 Akron-Peninsula Road, converting a former packaging plant on the city's border with Akron, where it plans to begin operations next year, said Klutch Founder and CEO Adam Thomarios.

by: MSN

9 Income Streams You Can Build While Still an Employee, According to Codie Sanchez

From Wall Street to Main Street, Codie Sanchez is leading a revolution in personal finance and wealth. The author of "Main Street Millionaire" is on a self-proclaimed mission "to create 1

by: Reuters

Inflation prompts India cenbank to raise agri loan limit

India's central bank said on Friday it will raise the limit for collateral-free agriculture loans to 200,000 rupees ($2,364.15) in a bid to enhance access to formal credit for small and marginal farmers in the country.

by: Fox Business

The U.S. added 227,000 jobs in November, setting in motion potential Fed rate cuts in December

The job market remains stable but isn't growing substantially. This may lead to more interest rate cuts when the Fed meets in December.

by: Kiplinger

Lululemon Jumps to the Top of the S&P 500 After Earnings. Here's Why

Lululemon had a rough start to 2024, but shares bottomed over the summer and have been trending higher since. And Wall Street thinks brighter days are in store for the consumer discretionary stock. According to S&P Global Market Intelligence, the consensus recommendation among the 36 covering analysts it tracks is a Buy.

by: Slate

The Real Reason UnitedHealthcare's Stock Prices Spiked After Its CEO's Murder

UnitedHealthcare is not alone in this position. A group of academics found in 2016 that it's not uncommon for stocks to go up after the sudden death of a CEO. Sometimes the market expresses its lack of faith in a dead CEO by boosting the stock after their passing.

by: Miami Herald

Here's a plan to fix the housing crisis, starting with boosting home inventory

by: Yahoo Finance

CWB to reschedule fourth quarter and fiscal 2024 results release

CWB Financial Group (TSX: CWB) ("CWB") today announced that the release of its fourth quarter and fiscal 2024 financial results will be rescheduled. CWB deferred the release of its results from the originally planned date of December 6,

by: Firstpost

Is Muhammad Yunus preparing Bangladesh for crisis or elections?

by: businessday

Inadequate finance, power stifle MSMEs growth in 2024 - Report

Limited access to finance and unreliable power supply remain the biggest hurdles for Nigeria's micro, small, and medium enterprises

by: MSN

This anti-'woke' investor is wooing Trump voters. His first target: Starbucks

The anti-'woke' Azoria fund targeting Starbucks and other S&P 500 companies is the first to try to profit from the Trump election.

by: Reuters

Exclusive: WhatsApp use by Credit Suisse staff scrutinised by UK regulator, documents show

The UK's Financial Conduct Authority is scrutinising allegations that some former Credit Suisse employees shared confidential information over the WhatsApp messaging platform, documents seen by Reuters show.

by: Crain's Cleveland Business

New Cleveland Fed president is optimistic about the region despite financial challenges

Hammack takes on this new role following a long tenure with Goldman Sachs Group Inc., where she began working in 1993 as capital markets analyst. Her last role there was cohead of the firm's global financing group.

by: Business Standard

IDFC FIRST Bank Elevates Customer Experience with India's First AI-Powered Interactive Avatar of its brand ambassador Amitabh Bachchan

IDFC FIRST Bank has unveiled the first-of-its-kind AI-powered holographic digital avatar of the country's most celebrated and legendary actor Amitabh Bachchan, setting a new benchmark in customer engagement and digital innovation.

by: businessday

IFC invests record $14.2bn in Africa in 2024 to support economic growth

by: Reuters

EVs, plug-in hybrids' reliability concerns ease but still lag gas-powered peers, survey shows

Electric vehicles and plug-in hybrids are seeing concerns over their reliability easing but they still lag gas-powered vehicles, a survey by an influential U.S. non-profit organization showed on Thursday.

by: MSN

Patterson Companies, Inc. (NASDAQ:PDCO) Q2 2025 Earnings Call Transcript

Q2 2025 Earnings Call Transcript December 5, 2024 Operator: Thank you for standing by and welcome to the Patterson Companies' Second Quarter Fiscal 2025 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

by: MSN

Direct Line Agrees to Aviva's Sweetened $4.6 Billion Takeover Offer

Aviva improved the offer for its smaller rival by 10%, and both parties said they have reached a preliminary agreement on the terms of a potential deal.

by: MSN

Top 5 Benefits of Integrating CryptoProcessing.com into Your Business Model

As crypto adoption grows, businesses are finding new ways to use digital assets to boost efficiency and customer experience. Integrating a crypto payment processor for business like CryptoProcessing.com can offer more than just transaction capabilities.
  • Sat, December 7, 2024

by: NBC News

Wealthy Americans are still ducking the IRS crackdown on non-filers

A quirk in federal tax law may be incentivizing wealthy people who want to avoid paying taxes to simply not file their returns.

by: Morning Journal

CIC approves loan for local business

by: Crain's Cleveland Business

Klutch opening its largest cannabis facility yet in Cuyahoga Falls

Klutch Cannabis is working on construction at 1972 Akron-Peninsula Road, converting a former packaging plant on the city's border with Akron, where it plans to begin operations next year, said Klutch founder and CEO Adam Thomarios.

by: Investopedia

What It Takes to Become an Elite Trader

The elite trader develops a serious approach to the financial markets, weighing risk against potential reward at all times. They hone their craft through detailed recordkeeping, carefully chosen data sources, well-defined trading edges, and lifelong connections with mentors who will guide them to the next level of achievement.

by: Parkersburg News and Sentinel

Under the Dome: Proposed late special session of West Virginia Legislature raises questions

As workers were picking up the pieces of the fallen Capitol Christmas Tree Thursday morning due to high winds, lawmakers and legislative staff were trying to determine how to conduct a last-minute special session.

by: Adirondack Daily Enterprise

Who is seeking a run in the NY-21 special election?

There are six people publicly planning to run for the NY-21 congressional seat in a yet-to-be-announced special election as current North Country Rep. Elise Stefanik is set to vacate the seat after accepting a nomination to be the next U.

by: CTV News

Canada's air force took video of object shot down over Yukon, updated image released

The Canadian military has released more details and an updated image of the unidentified object shot down over Canada's Yukon territory in February 2023.

by: Parkersburg News and Sentinel

Parkersburg City Council to weigh raises for elected officials

Raises for elected officials are back on the Parkersburg City Council agenda. The first readings of ordinances increasing the mayor's annual salary from $90,000 to $97,000 and council members' from $6,

by: Business Standard

Annapurna Finance raises $109.5 mn via multilateral ECB transactions

Micro and SME lender Annapurna Finance has raised USD 109.5 million (around Rs 927 crore) through a multilateral syndicated social loan facility under the external commercial borrowing framework, a statement said on Saturday.

by: The New York Times

Backers of Most U.S. Mortgages Have Done Little About Climate Risks

Fannie Mae and Freddie Mac know increasing floods and wildfires are a problem. Dealing with them, however, would require trade-offs.

by: Business Insider

Best CDs Right Now to Maximize Your Savings

See how we rate banking products to write unbiased product reviews. At Business Insider, we independently check over 100 nationwide banks and credit unions to find the best CD rates for you.

by: Business Insider

Best Identity Theft Protection Companies of 2024: Reviews, Fees, and Comparisons

Jennifer Streaks, Senior Personal Finance Reporter at Business Insider: Identity theft protection is very important right now. Identity thieves and scammers are getting more advanced every few months.

by: AOL

What is credit card churning?

Credit card churning is the process of frequently opening new credit cards, typically with the hope of earning a card's sign-up bonus, then moving onto the next offer. Since issuers often impose restrictions on how many cards and bonuses you can qualify for, credit card churners may try to "game the system" to earn as much bonus value as possible.

by: Yahoo Finance

Money mistake that cost woman $40,000 home and marriage: 'Husband's betrayal'

Sharee was about to buy a new business when she realised her husband had a devastating financial secret, says personal finance expert .

by: AOL

Waymo's robotaxis a threat to Uber's business? Not so fast, analyst says

by: MSN

H&R Block Tax Software Review: Pros, Cons, And Alternatives

Source: The College Investor H&R Block offers easy-to-use software for tax filers who want to complete their taxes online or using their desktop computer. H&R Block online tax prep consistently ranks runner-up in annual listings of the most popular online tax preparation software.

by: MSN

I'm a financial planner, and all my millionaire clients have 4 habits in common

Her millionaire clients keep a long-term focus on their finances, make a plan and stick to it, and don't get freaked out by market swings.

by: MSN

America's Car-Mart, Inc. (NASDAQ:CRMT) Q2 2025 Earnings Call Transcript

Q2 2025 Earnings Call Transcript December 5, 2024 Operator: Hello, and thank you for standing. Welcome to America's Car-Mart Second Quarter Fiscal 2025 Result. At this time all participants are in a listen-only mode.

RBI proposes credit line access on UPI for Small Finance Banks

RBI proposes SFBs offer credit lines on UPI, forms FREE-AI committee for responsible AI framework in finance sector.
The Reserve Bank of India (RBI) has proposed allowing small finance banks to offer pre-approved credit lines through the Unified Payments Interface (UPI), aiming to enhance financial inclusion and provide easier access to credit for small borrowers. This initiative would enable customers to use their pre-sanctioned credit limits for transactions via UPI, similar to using a credit card. The proposal was discussed during the RBI's Monetary Policy Committee meeting, where it was highlighted that this move could significantly benefit small finance banks by expanding their customer base and offering more flexible financial services. The integration of credit lines with UPI is part of a broader strategy to leverage technology for improving credit availability, especially in underbanked regions, and to foster digital payment solutions across India.

Read the Full Business Line Article at:
https://www.thehindubusinessline.com/money-and-banking/rbi-proposes-credit-line-access-on-upi-for-small-finance-banks/article68954867.ece

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