Union Finance Minister Nirmala Sitharaman on Tuesday (May 14) sounded a cautionary note, highlighting the potential threats posed to household savings by a sudden surge in retail trading in futures and options (F&O). "Any unchecked explosion in retail trading in F&O can create future challenges not just for the markets (but) for investor sentiment and also for household finances.
Open FlipBENGALURU: Agile Group Holdings missed an interest payment for its $483 million senior note and warned it may not be able to fulfill all offshore debt payment obligations due to liquidity pressure, the Chinese property developer said on Tuesday. The grace period for the interest payment on the $483 million 6.05% senior notes due 2025, issued in November 2020, had expired.
Open FlipThe country’s largest private sector lender, HDFC Bank, on May 14, launched PIXEL, its first virtual credit card with Visa’s network. The card is available in two variants: PIXEL Play and PIXEL Go and allows users to build their own cards with personalised benefits, offers, etc.Customers can register for the cards on the bank’s PayZapp mobile application which can be digitally managed.
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