India’s benchmark index Nifty extended its winning streak to a fourth straight session on Tuesday though the gains were capped as selling in FMCG, IT, and metal stocks offset buying interest in energy, banking, and auto counters. As long as the index sustains above 24,900 levels, where its 50-day EMA is placed, the outlook remains positive.Commenting Vatsal Bhuva, Technical Analyst at LKP Securities said that Nifty faced selling pressure near its resistance zone of 25,200–25,250 today, indicating a possible ...

Core Points - First Bank extends its partnership with the Carolina Hurricanes for an additional three years, building on the previous season's success which raised nearly $27,000 for the Carolina Hurricanes Foundation [1][2] - The Good Goals program will see First Bank donate $100 for each goal scored by the Hurricanes during the regular season until the 2027-28 season, enhancing community engagement [2][3] - First Bank's CEO emphasizes the alignment of this partnership with the bank's mission to support local communities, while the Carolina Hurricanes Foundation expresses gratitude for the ongoing support [3][4] Company Overview - First Bank, headquartered in Southern Pines, North Carolina, has total assets of approximately $12.4 billion and operates 113 branches in North and South Carolina [5] - The bank has been recognized for its effective response to Hurricane Helene, receiving the Most Effective Recovery Award in the Americas from BCI, and is a finalist for global awards [4][5] Foundation and Team Information - The Carolina Hurricanes Foundation focuses on meeting the health and educational needs of underserved populations in the community [6] - The Carolina Hurricanes, established in 1997, have won six division championships, two Eastern Conference titles, and the 2006 Stanley Cup [7]

Niro's cofounder Aditya Kumar said that the startup had 170 Mn users at its peak and an AUM of $100 Mn in just over 24 months from its launchFounded in 2021 by Kumar and Sankalp Mathur, Niro provided embedded credit solutions and allowed consumer businesses to embed customised credit offerings to drive revenue growthBengaluru-based fintech startup Niro has shut operations due to regulatory challenges and lack of capitalBengaluru-based fintech startup Niro has shut operations due to regulatory challenges and ...

The domestic market has sourced on renewed investor confidence, largely propelled by interest in banking, financial and tech stocks. After a flat opening at 81,274.79, Sensex climbed 623.11 pts or 0.77 per cent to 81,830.28 at 1.32 pm, hitting an intraday high of 81,842.80. Nifty 50 gained 181.70 pts or 0.73 per cent to 25,075.95, close to the day’s high of 25,085.65 against the previous close of 24,894.25.The midcap segment outperformed the smallcap index, gaining 0.50 per cent, while the smallcap index sa ...

Core Insights - The Reserve Bank of India (RBI) has significantly increased its intervention in the offshore non-deliverable forwards (NDF) market to prevent a decline in the rupee, which reached a record low following increased tariffs on Indian imports by the US administration [9]. Group 1: NDF Market Activity - Short positions in the up to one-month NDF segment rose to $5.8 billion in August from $2.5 billion in June, while positions in the one-to-three months bucket increased to $14.4 billion from $11.8 billion during the same period [9]. - This increase marks the first significant build-up in nearly five months, although the RBI's overall net exposure continues to trend downward [9]. Group 2: Currency Performance and Interventions - The rupee traded relatively stable between 86/$1 and 87/$1 since February, with occasional strengthening to 84/$1, but renewed depreciation past the 87/$1 mark in August and 88/$1 in September prompted fresh intervention [4][5]. - The rupee hit a record low of 88.81/$1 on September 30, and with tariffs still in place, downward pressure on the currency is expected to persist [8]. Group 3: Economic Implications - FPI outflows turned more negative in August, necessitating RBI's intervention to alleviate depreciation pressure on the rupee [7]. - Spot interventions, where the RBI sells dollars and absorbs rupees, can tighten banking system liquidity, as seen in a similar episode in December 2024-January 2025 that turned system liquidity negative [7].

Company Overview - GreyLabs AI, founded in 2023, focuses on providing AI solutions to the banking, financial services, and insurance (BFSI) sector, including AI voice agents and speech analytics [3][5] - The company has raised INR 85 Cr (approximately $10 Mn) in its Series A funding round led by Elevation Capital, with participation from Z47 and other angel investors [1][2] Funding and Growth Plans - The recent funding will be utilized to enhance the company's technology stack, expand its customer base, and improve on-ground client support [1][2] - GreyLabs AI aims to increase its customer base from over 50 BFSI companies to 300 and plans to open new regional offices [5] Market Context - The funding comes amid a growing interest in AI technologies across various sectors, with many businesses adopting AI to automate operations [6] - The Indian GenAI ecosystem is projected to become a $17 Bn opportunity by 2030, indicating significant growth potential in the market [7]

Group 1: Monetary Policy and Interest Rates - The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 5.5% during its October 1, 2025 Monetary Policy Committee meeting, following a total reduction of 100 basis points (bps) this year [1][11] - Banks and small finance banks may still lower interest rates on fixed deposits (FDs) as the transition from previous repo rate cuts is ongoing [1][11] Group 2: Fixed Deposit Rates for Senior Citizens - Utkarsh Small Finance Bank is offering an 8.15% interest rate on its three-year FD for senior citizens [11] - Slice Small Finance Bank provides a 7.75% interest rate on FDs with a tenure of 18 months and 1 day to 3 years for senior citizens [11] - Jana Small Finance Bank offers an 8% interest rate on its 2-3 year FDs for senior citizens [11] - Shivalik Small Finance Bank is providing a 7.50% interest rate on its three-year FD tenure for senior citizens [11] Group 3: Fixed Deposit Rates Across Different Banks - The highest FD rates among small finance banks include 8.4% from Suryoday Small Finance Bank for a 5-year tenure and 8.1% from ESAF Small Finance Bank for a 444-day tenure [7][8] - Private sector banks offer varying FD rates, with Axis Bank at 7.10%, Bandhan Bank at 7.50%, and YES Bank at 7.75% for a 3-year tenure [9] - Public sector banks have FD rates ranging from 6.50% at Punjab & Sind Bank to 7.10% at Union Bank of India for a 3-year tenure [10][11]

GARDEN CITY, Kan.--(BUSINESS WIRE)-- #DreamFirstBank--Dream First Bank named one of the top extraordinary banks in the United States by The Institute for Extraordinary Bankingâ"¢, earning six awards. ...

Core Insights - The total value of trades executed by Saudi investors in foreign markets reached SAR 196.2 billion in Q2 2025, marking an 11% increase from the previous quarter [10] - Three non-bank-affiliated brokerage firms accounted for 65% of the total trading value in foreign markets during the same period [2] Brokerage Firm Performance - Derayah Financial led the brokerage firms with a trading value of SAR 77.7 billion, representing 40% of the total trades [3][6] - Sahm Capital ranked second with SAR 28.2 billion, capturing a 14% market share, while Awaed Alosool Capital followed in third with SAR 22 billion, accounting for 11% [4][6] - Alistithmar Capital was the first bank-affiliated brokerage firm on the list, ranking fourth with a 10% share [5][6] Market Share Growth - Sahm Capital and Awaed Alosool Capital experienced significant growth in their market shares, increasing from 1% and 2% respectively in Q1 2024 [7] - The trading activity of Derayah Financial showed a notable increase from SAR 42.3 billion in Q1 2024 to SAR 77.7 billion in Q2 2025 [9] Geographic Distribution of Trading - Saudi investors' trades in US markets constituted approximately 98.6% of total trading activity in foreign markets, with SAR 193.4 billion executed in the USA [11] - Other regions such as GCC, Arab countries, and Europe accounted for only 1.1%, 0.1%, and 0.1% respectively [11]

HAMILTON, N.J., Oct. 01, 2025 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company’s financial and operating performance during its third quarter ending on September 30, 2025. Event: Earnings Conference Call – Third Quarter 2025 When: Thursday, October 23, 2025 at 9:00 a.m. Eastern Time Access: Conference Call Dial-In: (800) 715-9871 (toll free) Conference Call Access Code: 6022332 Patrick L. Ryan, President and Chief Executive Offi ...