Author: Jordan

Mumbai: Banks in India have put a hold on gold imports since April 1 as they wait for a piece of paper from New Delhi.Over a dozen banks, comprising local and multinational lenders, are permitted to import gold that’s sourced from international bullion banks such as JP Morgan Chase, UBS and StanChart.Every year, a finance ministry notification in April exempts importing banks from integrated goods and services tax, which is levied on inter-state supplies of goods and services, as well as imports-exports.The framework has been in place for nearly a decade. ET BureauWith the ministry yet to come out with…

Pacific Assets (PAC), the £450m Asia Pacific fund rocked by the departure of its fund management team led by David Gait last August, stalled last year with zero growth in the portfolio, annual results have revealed. The 0% total underlying return in net asset value in the 12 months to 31 January lagged the 28.6% sterling rise in the MSCI AC Asia ex Japan index. “This disappointing outcome places the company at the bottom of its peer group over most longer time periods and remains a central concern for the board,” the company said. It indicated a new fund manager…

YBS Commercial Mortgages has cut buy-to-let mortgage rates by up to 0.15% and launched a new range of two-year fixed products, with changes taking effect from today, Wednesday, 29 April. The rate reductions apply to its new-business five-year fixes for portfolio landlords, as well as its commercial mortgage range, which covers owner-occupied, commercial investment and semi-commercial products designed for part-residential, part-commercial assets. The new two-year buy-to-let range, available up to 75% LTV, includes a two-year fix up to 55% LTV priced at 4.90%, carrying a 2% fee. Among the other products in the updated range: A five-year…

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For many years, intellectual property in India was considered a specialised legal field, predominantly of interest to multinational corporations, technology companies or prominent consumer brands. Today, IP has become central to daily commerce. It affects the valuation of intangible assets by courts, the evaluation of risk by financiers, the management of distressed companies by insolvency professionals, and the launch of startups. With the startup and MSME ecosystem in India showing an enhanced awareness of trademarks, branding and identity, courts and regulators are being obligated to address the growing complexity of inquiries concerning domain names, spectrum rights, pledges over intangibles, and…

The private credit market entered 2026 at a pivotal juncture. While the asset class has matured over recent years, now matching the broadly syndicated loan market at approximately $1.8tn in global assets under management1, this year has to date provided both significant opportunities and fresh challenges for private capital.Against a backdrop of economic uncertainty, mounting geopolitical tensions and accelerating technological disruption, private credit funds and other lenders with flexible, opportunistic credit mandates are embracing this dislocation and are positioning themselves to capitalise on an increasingly complex landscape. In this article we examine developments shaping the opportunistic credit outlook: (1) the…

SEI, a fintech and management accounts provider, is partnering with global alternative asset manager Carlyle to expand access to private market investments across wealth and retirement channels.The collaboration will include the development of new joint products, among them model portfolios. SEI and Carlyle will also partner to provide private-market strategies for the defined contribution market.“One of the most common questions we hear from clients is how to allocate to private markets,” said Michael Lane, head of asset management at SEI, in a statement. “Our objective with Carlyle is to help simplify that decision by providing more streamlined access to a…

The total value of residential home loans has hit another record high of $2.46 trillion in March, despite two cash rate hikes, which have taken some of the heat out of the property market.APRA statistics, released yesterday, show housing loans among authorised deposit-taking institutions (ADIs) increased by $13.9 billion in March, up 0.6% from the previous month. Macquarie recorded the largest monthly increase among all ADIs, rising by $3.6 billion or 2.1% in the month, consolidating its position as the fifth largest lender. Source: APRA Monthly Authorised Deposit-taking Institution Statistics, March 2026, released 30 April 2026, prepared by Canstar. Includes both owner-occupied…

Family Building Society has reduced its minimum property value from £120,000 to £75,000 across core residential and buy-to-let products. The retirement interest-only minimum value property value has also decreased to £90,000. In addition, the Family Mortgage minimum loan has decreased to £60,000 from its previous minimum of £96,000.  The last criteria change folows the recent launch of a new range of reduced-price fixed rate residential mortgage products, with rates reduced by up to 0.30%. Darren Deacon, head of intermediary sales at Family Building Society, commented: “These significant reductions is in response to feedback from our intermediary partners who…

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000. Do the math. According to Musk, this technology could be worth $250 trillion by 2040. Put another way, that’s roughly equal to:…