Category: Finance

The struggling Babel Finance cryptocurrency lender has suggested a new crypto project called “Babel Recovery Coin,” claiming to repay creditors with revenue generated by this new proposal after suffering a $766 million loss last year. A recent Bloomberg report states that Yang Zhou, the co-founder and sole director of Babel, is reportedly placing his confidence […]

Finanze Group – one of the fastest growing companies in the specialist finance market – has acquired 50% of Cheshire estate planning firm U-Plan Online.https://t.co/1OiWTUgWBv — Finanze (@FinanzeUK) March 6, 2023 “Finanze Legacy will truly aid anyone who is buying property and businesses to create a legacy and income for their children,” Alastair […]

AI marketing represents a powerful tool for businesses of any size and industry. Its basics involve using AI-based tools to understand customer behaviour, automate processes, personalise marketing campaigns and optimise content. By leveraging AI technology, organisations can collect enriched user data to gain greater insights into their audience’s wants and needs, allowing marketing teams to develop […]

In a recent report, fin-tech platform Vested Finance said around 60% women investors on the platform are recurring depositors. “We continue to see consistent interest from women investors on our platform. 60% of them once they start investing continue being recurring depositors,” said Viram Shah, Co-Founder and CEO of Vested Finance. Over 60% women investors […]

The board of Allcargo Logistics limited has approved the plan to acquire 38.87% stake from its partners at an enterprise value of Rs. 373 crores. With the acquisition, Allcargo Logistics will take its stake to 100% in the contract logistics business. The acquisition reflects the group’s vision for robust growth by creating an effective synergy […]

Construction Partners Inc ROAD said Greg Hoffman will succeed Alan Palmer as Chief Financial Officer, effective following the close of business on March 31, 2023. Palmer will continue with the company in an advisory and mentoring role.  “Thanks in part to Alan’s efforts, we have the financial flexibility to continue to pursue our strategic […]

The Finance Committee of the Board of Directors of Chalet Hotels Limited at its meeting held today i.e. on March 06, 2023 has considered and approved the offer of Secured, Unlisted, Non-Cumulative, Redeemable and Non-Convertible Debentures (non-rated) upto an amount of Rs.100 crore to ‘International Finance Corporation’ on a Private Placement basis. Shares of Chalet […]

Embattled crypto lending firm Babel Finance envisions a restructuring effort centered around a new stable asset project called Babel Recovery Coin. Babel’s co-founder and sole director Yang Zhou is pinning hopes on a new stablecoin. The firm halted withdrawals in June 2022 following similar action by Celsius. Brief Timeline of Events Zhou is planning to […]

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Kolkata: Jana Small Finance Bank, one of the leading small finance banks in India, is celebrating its fifth anniversary this year on March 28. Over the past five years, the bank has been dedicated to serving underserved segments of society by providing them with a broad range of financial services. In celebration of this milestone, […]