Press Release Toronto, Canada / GlobePRWire / Jan 26, 2026 — Canadian fintech company WELBIT continues to strengthen its international presence as it records growing interest from Asian markets in the first half of 2026. WELBIT is officially registered in Toronto, Canada, and operates within the Canadian legal and regulatory framework. The company conducts its business in a regulated…
Based private equity investor Advent International‘s affiliate Jomei Investments has exited its entire 2% equity stake in India’s Aditya Birla Capital, exchange data showed on Tuesday. Jomei sold its 53.2 million shares in the Indian financial services firm at 308 rupees per share, valuing the sale at 16.39 billion rupees ($186.47 million), according to Reuters…
Netflix missed the earnings target set by stock market analysts during the video streamer’s latest quarter, a letdown that the company blamed on a tax dispute in Brazil. The results announced Tuesday broke Netflix’s six-quarter streak of posting a profit that eclipsed analysts’ projections. The Los Gatos, California, cited an unexpected $619 million expense tied…
Even as banks tread cautiously on personal loan disbursements, non-bank lenders are rapidly capturing market share in the segment. According to data from credit bureau CRIF and brokerage house Nomura, NBFCs’ share in new personal loan originations by value rose to 41% as of June 2025 from 27% two years earlier. In terms of volume,…
Life Insurance Corporation of India (LIC), India’s largest domestic institutional investor, held an equity portfolio valued at Rs 15.5 lakh crore as of the June 2025 quarter. Over the quarter, LIC made notable shifts, exiting or trimming 81 stocks while increasing its exposure to strategic sectors like defence, financial services, and technology. As of the…
HONG KONG (AP) — Asian stocks rose early Friday as U.S. Treasury yields eased after a rocky week due to worries in the bond market over mounting U.S. government debt. The yield of the 10-year Treasury shed 0.6% to 4.52% while the two-year yield, which more closely tracks expectations for action by the Federal Reserve,…
TOKYO (AP) — Asian shares fell Thursday after Wall Street slumped under pressure from the Treasury bond market and worries about surging U.S. debt. U.S. futures were little changed, while Japan’s benchmark Nikkei 225 shed 0.8% to 36,988.36. Hong Kong’s Hang Seng lost 0.5% to 23,711.58, while the Shanghai Composite was virtually unchanged, inching up…
TOKYO (AP) — Asian shares mostly rose Wednesday, with markets showing relief after President Donald Trump indicated he won’t dismiss the head of the U.S. Federal Reserve. Japan’s benchmark Nikkei 225 gained 1.7% in morning trading to 34,797.22. Australia’s S&P/ASX 200 surged 1.6% to 7,943.00. South Korea’s Kospi gained 1.2% to 2,515.19. Hong Kong’s Hang…
Private sector lender IDFC First Bank has announced plans to raise ₹7,500 crore in fresh equity capital from Compulsorily Convertible Preference Shares (CCPS), issued at ₹60 apiece to existing marquee investors Warburg Pincus and the Abu Dhabi Investment Authority (ADIA). The lender told stock exchanges on Thursday that ₹4,876 crore worth of CCPS will be…
Southwest Airlines is hitting the pause button on some of its hirings, internships and employee events this year as the company looks to lower costs. “We are limiting discretionary costs, including holding on the Southwest Rallies for this year, as we focus on reducing costs,” the company said in a prepared statement on Tuesday. “We’re…