NBFC: the company promoted by the founder of Cred acquires a non-banking company

Kunal Shah, a serial entrepreneur and founder of fintech firm Cred, acquired a non-bank finance company (NBFC) through an entity he personally launched, sources familiar with the case. Shah, through Newtap Technologies Pvt Ltd, acquired Perfect Finance & Investment, considering a larger fintech game for Cred with loans. The Reserve …

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Australian stock market loses ground as falling commodity prices weigh on resource stocks

Resource stocks dragged ASX lower, but a new entrant to the sector made a dramatic start as its share price more than tripled. The Australian stock market ended a two-day winning streak as falling commodity prices hit resource stocks, but a graphite game made a stunning debut as its stock …

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Ellington Financial announces estimated book value per common share as at October 31, 2021

Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced its estimated book value per common share of $ 18.35 as at October 31, 2021. This estimate includes the effect of the previously announced monthly dividend of 0 , $ 15 per common share share, payable on November 26, 2021 to …

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Minister emphasizes regional integration

ISLAMABAD: Regional integration is fundamental for strengthening socio-economic relations with neighboring countries and it can lead to substantial economic gains with Central Asia, Russia and China, said Federal Minister of Economic Affairs Omar Ayub Khan. Presiding Thursday a high-level meeting to discuss the agenda of the next meeting of the …

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Dollar near yen-month low as inflation test looms

The dollar suffered a three-day loss against its major peers and traded near a one-month low against the yen on Wednesday, with eagerly awaited U.S. inflation data that could guide the timing of the dollar. ‘an increase in interest rates from the Federal Reserve. The dollar index, which measures the …

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