May 28, 2025

business news

Banking

SMFG 20 per cent stake buy in Yes Bank to pave way for other foreign entrants in Indian banking sector: Fitch-Telangana Today

India’s foreign investment norms cap voting rights for investors in banks at 26 per cent and investments by financial institutions in Indian banks at 15 per cent, which has deterred such stake sales, it said Published Date – 27 May 2025, 03:27 PM New Delhi: Fitch Ratings on Tuesday said Sumitomo Mitsui

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Crypto

Atua AI Refines Grok Integration to Strengthen Real-Time AI Applications in Cryptocurrency Environments

Enhanced Intelligence Delivers Faster Automation, Smarter Analysis, and Improved Decision-Making for Web3 Finance Singapore, Singapore–(Newsfile Corp. – May 20, 2025) – Atua AI (TUA), the decentralized AI-powered productivity platform, has refined its integration with Grok AI to elevate the performance and responsiveness of real-time applications in cryptocurrency environments. This upgrade empowers developers, traders, and enterprises

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Investment

Chase CEO says succession plans unchanged amid investment decline

JPMorgan’s stock traders see record revenue in Q1 JPMorgan Chase’s stock traders took in a record haul in the first quarter as the biggest US bank boosted equities markets revenue 48% to $3.81 billion. Sonali Basak reports on Bloomberg Television. Bloomberg JPMorgan Chase JPM.NCEO Jamie Dimon said the bank’s succession plans were unchanged, without giving a timeline for when his successor might

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Banking

Banking, oil shares drag Sensex down 156 points

Benchmark indices Sensex and Nifty ended lower in a range-bound trade on Tuesday due to profit booking, mainly in banking and oil shares, and investors staying on the sideline amid escalating tensions between India and Pakistan. Photograph: Arko Dutta/Reuters Snapping its two days of gains, the 30-share BSE Sensex declined 155.77 points or 0.19 per

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Mortgage

Mortgage rates dipped. Is it enough help the housing market?

How to use a bolt, nut, screw gauge Using a bolt, nut and screw gauge takes the guesswork out of your project, helping you quickly identify the exact size you need. Rates for home loans dipped, but consumers’ economic uncertainty continues to weigh down the housing market. In the week ending May 1, 30-year fixed-rate

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Finance

Ohio Influencer charged with fraud in Ponzi scheme

Con-artist who stole millions in Ponzi scheme sentenced to 18 years A globe-trotting con artist who defrauded 237 victims out of $24.5 million to fund a lavish lifestyle was sentenced to 18 years in federal prison. unbranded – Newsworthy Social media finance influencer Tyler Bossetti, 31, of Columbus, Ohio, faces federal charges for allegedly defrauding

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Finance

Ohio finance influencer federally charged in $11 million Ponzi scheme

Top headlines of the week, April 25 2025 Here are some stories you may have missed this week in central Ohio. Social media finance influencer Tyler Bossetti, 31, of Columbus, faces federal charges for allegedly defrauding investors of over $11 million. Bossetti promised high returns on investments for property flipping but federal prosecutors say he

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Investment

$100B US investment hinges on federal support

Nichola Groom  |  Reuters April 29 — Manufacturers and developers of U.S. energy storage projects said their industry will invest $100 billion this decade to create a wholly domestic battery supply chain, but warned the goal was contingent on support from Washington. The American Clean Power Association, a trade group that represents energy storage companies, said

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Banking

Bank Holidays in May 2025: How many days will banking services not be available? Check out state-wise list

Bank Holidays in May, Upcoming Bank Holidays: The Reserve Bank of India (RBI) has declared several holidays for May 2025, including Maharashtra Din, Rabindranath Tagore Jayanti, and others. If you are planning any important activities, banking transactions, or other bank services, plan accordingly to avoid any inconvenience during these closure days. In May, banks across

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Mortgage

High rates for home loans are holding back the housing market

Fast-growing fruit trees for your backyard harvest Here are five fast-growing fruit trees you can plant in your backyard for a quicker harvest. unbranded – Lifestyle Rates for home loans remained high as consumer and investor confidence takes a hit amid the White House’s tariff roll-out. In the week ending April 24, 30-year fixed-rate mortgages

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