Author: Jordan

Introduction The Supreme Court of India recently addressed the legal intricacies surrounding mortgages by deposit of title-deeds in the case of State of Haryana & Others vs Navir Singh and Another. This judgment clarifies the requirements for registering such mortgages and the implications of the Transfer of Property Act and the Registration Act on these transactions. Case Background The case arose from a dispute involving the State of Haryana and the mortgage of land by M/s. Ultra Tech Private, which had taken a loan from Punjab National Bank. The company deposited title-deeds of land owned by Narvir Singh and Rajinder…

Specialist mortgage lender, Afin Bank, has joined the lender panel of Mortgage Advice Bureau (MAB). The lender’s full range of residential and buy-to-let mortgages will now be available to MAB’s advisers, providing lending options to borrowers that are underserved by mainstream providers. This includes clients such as self-employed and contract workers, people with more complex incomes, qualified professionals seeking higher loan-to-income borrowing, high-net-worth borrowers, and foreign nationals with a UK work visa.  John Smith (pictured), head of bridging at Afin Bank, said: “It can be tough for borrowers to get a mortgage if their situation is a bit…

The rating represents an important milestone in the Bank”s ongoing transformation and provides independent recognition of the progress achieved in strengthening its financial profile, rebuilding its franchise and positioning the Bank for sustainable long-term growth. Invest Bank (INB)  announced that Fitch Ratings  has assigned Invest Bank P.S.C. (INB) a Long-Term Issuer Default Rating (IDR) of ‘BBB+’ with a Stable Outlook and Government Support Rating (GSR) of ‘bbb+’, marking the Bank’s IDR at investment-grade. The rating represents an important milestone in the Bank’s ongoing transformation and provides independent recognition of the progress achieved in strengthening its financial profile, rebuilding its franchise…

Zhang Yichen is chairman and CEO of Citic Capital Holdings, one of the leading players in China’s capital market, and the chairman of Trustar Capital. He heads several companies, including the McDonald’s master franchise business in mainland China and Hong Kong, as well as Harbin Pharmaceutical Group. He also sits on the board of the Hong Kong Exchanges and Clearing (HKEX) as an independent non-executive director.In this interview, conducted during the “two sessions” – the annual meetings of China’s top legislature and advisory body – the veteran investor and government adviser discussed the role of buyout funds, the impact of…

More than 2,150 writ petitions filed with the High Court in just over five years 20 July, 2026, 01:05 pm Last modified: 20 July, 2026, 01:06 pm Illustration: TBS”> Illustration: TBS Infographic: TBS”> Infographic: TBS More than 2,150 writ petitions challenging banks’ takeover or auction of mortgaged properties in loan default cases have remained pending with the High Court since early 2021, involving more than Tk8,500 crore. According to information obtained from the Supreme Court, 2,154 writ petitions filed by individuals and businesses between the beginning of 2021 and May 2026 are awaiting disposal before the High Court. Court officials…

Indian stock markets witnessed a significant early trade decline, primarily influenced by disappointing quarterly earnings from HDFC Bank and a sharp increase in crude oil prices amidst escalating US-Iran tensions, creating both headwinds and potential tailwinds for investors. Photograph: Francis Mascarenhas/Reuters Sensex and Nifty50 Performance: Key Market Highlights Today Indian benchmark indices Sensex and Nifty fell significantly in early trade, with Sensex down 523.22 points and Nifty down 134.10 points. HDFC Bank and Axis Bank shares declined by nearly 5 per cent after disappointing quarterly earnings, particularly HDFC Bank’s Net Interest Margin (NIM). Brent crude oil prices surged over 2.41…

Ace Places, the community-focused deck created by entrepreneur Emma Sweet, has already launched in Henley and Marlow, featuring illustrations by Marlow artist Nicola Metcalfe. Each deck showcases 54 independent businesses, charities, landmarks and hidden gems, with funds raised through sales going to a local charity. Emma Sweet, founder of Ace Places, said: “When I created the first Henley playing cards, I thought I was launching a product. “Over time, I’ve realised it was never really about the cards. “It’s about celebrating the places we love, championing independent businesses, supporting local charities and bringing communities together.” St Albans is the first…

Earnings To Watch: Valmont (VMI) Reports Q2 Results Tomorrow Infrastructure and agriculture equipment manufacturer Valmont Industries (NYSE:VMI) will be reporting results this Tuesday before the bell. Here’s what to expect. Valmont beat analysts’ revenue expectations last quarter, reporting revenues of $1.03 billion, up 6.2% year on year. It was an exceptional quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and a beat of analysts’ EPS estimates. Is Valmont a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Valmont’s revenue to grow 3.8%…

FSA asked Darius McDermott to select two strong performing Asia ex-Japan equity strategies. He chose the Federated Hermes Asia ex-Japan Equity fund and Man Asia (ex Japan) Equity fund. According to McDermott, Federated Hermes Asia ex-Japan Equity fund is a concentrated fund investing in emerging markets within the Asia ex-Japan region. “Lead manager Jonathan Pines is willing to buy all types of companies if the price is right. He actively invests in stocks that are currently out of favour but which he believes are likely to perform better in the future,” he said. Darius McDermott Man Asia (ex Japan) Equity…

Borrowers have continued to turn their backs on fixed-rate mortgages, with variable-rate loans accounting for almost nine in 10 broker-originated home loans in the June quarter, according to Australian Finance Group data. Aggregator Australian Finance Group’s (AFG) latest Mortgage Index found variable-rate products accounted for 87.5 per cent of all broker-originated home loan lodgements in the June quarter, up from 86.5 per cent in the previous quarter and 87.2 per cent in the same period last year. Fixed-rate lending, meanwhile, fell to 3.8 per cent, reversing the increase to 5.4 per cent recorded in the March quarter but up from…