A big, low-cost solution if you have multiple high-cost small loans to settle

Interest rates on loans are at historic lows. However, if you are someone who is servicing multiple costly loans like personal loans, consumer loans, auto loan and revolving credit of credit card etc. that were taken before 2020 at a fixed rate, you may still be paying a high interest rate. In such a scenario you should consider going for a replacement loan or a debt consolidation loan which can replace all your small, high-cost loans with a


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Foreign card payment companies may have to shell out more taxes once data servers are set up

Mastercard, Visa and American Express may face higher tax bills as they start setting up data servers in India, a move that will ultimately lead to these global card payment companies crossing the “permanent establishment” (PE) threshold in this geography. A large part of the income generated by these companies…

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Opinion: The Who, What and Why of China’s Regulatory Campaign

China’s regulatory crackdown has sent shockwaves through global stock markets. Photo: VCG Stocks of offshore-listed Chinese companies have slumped recently amid Beijing’s sweeping regulatory actions targeting a range of industries from fintech and ride-hailing to after-school education. Overseas investors are withdrawing capital across numerous sectors in a panic as they…

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China Orders 25 Tech Giants to Fix Raft of Problems

(Bloomberg) — China ordered 25 technology companies to carry out internal inspections as part of a campaign to root out illegal online activity. The Ministry of Industry Information Technology told its largest internet and hardware companies including Alibaba Group Holding Ltd. and Tencent Holdings Ltd. Friday to carry out internal…

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SEC Requires Additional Disclosures for Chinese IPOs

U.S. Securities and Exchange Commission Chairman Gary Gensler The U.S. Securities and Exchange Commission will require additional disclosures from Chinese companies seeking to sell stock in the U.S. as the Chinese government’s crackdown on foreign listings and enhanced cybersecurity reviews are “relevant to U.S. investors.” SEC Chairman Gary Gensler asked…

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Mastercard submits new audit to India after ban over data handling

Mastercard has submitted a new audit report to India’s central bank, it told Reuters, as it seeks to overturn a ban on card issuance linked to concerns over the U.S. giant’s handling of data processed abroad. The Reserve Bank of India (RBI) on July 14 sent panic-waves through Indian banking…

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Hahn & Co. mulls legal action as Namyang Dairy takeover faces delay

A logo of Namyang Dairy ProductBuyout firm Hahn & Co., a proposed buyer of a controlling stake in Namyang Dairy Products, said Friday it is considering legal action against ex-Chairman Hong Won-sik, as the proposed seller delayed the deal on the date of the transaction without consent. This comes as…

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China Stocks Slip as Traders Scramble to Price In a New Reality After Wild Week

A pedestrian uses a smartphone in Shanghai’s Lujiazui business district on July 20. Photo: Bloomberg (Bloomberg) — Chinese stocks fell on Friday, rounding off a volatile week for investors struggling to price in Beijing’s tightening regulatory grip after a rout pushed the nation’s key equity index to the brink of…

Read more: China Stocks Slip as Traders Scramble to Price In a New Reality After Wild Week

GyanDhan receives NBFC licence, aims to disburse Rs 650 crore in FY22

GyanDhan, India’s first education financing platform said it has received an NBFC license from the Reserve Bank of India and it aims to disburse Rs 650 crore worth of education loans in FY22. Out of this, Rs 50 crore will be for domestic short-term courses offered by various ed-tech players…

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LIC Housing Finance Q1 results: Net profit down 81% to Rs 153 cr

Nomura reports 57% profit drop following Archegos debacle

Fitch raises Woori Bank’s credit rating to A

In Depth: The Fall of China’s Last Bitcoin Mining Haven

In Depth: China’s Generation Z Inspires Homegrown Beverage-Makers to Take On Coca-Cola

Digital payments company Cashfree appoints Vikas Guru as CFO

Tencent Is World’s Worst Stock Bet With $170 Billion Wipeout

Moody’s ups credit outlook for JB Financial’s banking units from stable to positive

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