RBI releases schedule for 2024-25 monetary policy meetings

Pune (Maharashtra) [India], March 12: Car insurance renewal is often seen as a routine administrative task, but it is much more than that. It presents an excellent opportunity to review your existing policy, assess whether your coverage still matches your needs, and take steps to optimise your premium. By understanding the key factors that influence car insurance costs, such as vehicle value, driving history, add-ons, and usage patterns, you can make informed adjustments that reduce expenses without compromising protection. Thoughtful planning and small, strategic choices at renewal can help you save money, maintain comprehensive coverage, and enjoy greater peace of mind on the road.

Kuala Lumpur [Malaysia], March 12: As a strategic move to refresh and strengthen its core vision, Hong Leong Islamic Bank ("HLB Islamic" or the "Bank") is transitioning to a refreshed consumer-facing brand identity, now known as HLB Islamic, and a strengthened core proposition that approaches financial services not as a series of siloed products and transactions, but as total wealth stewardship through a Shariah-principle-guided life-cycle approach known as Hayat @ HLB Islamic. This evolution is rooted in the Bank's new philosophy, 'Timeless Principles Guiding Tomorrow's Wealth', introduced during its 20th anniversary last December to signal a new chapter in wealth stewardship.

India's non-bank financial companies (NBFCs) are expected to expand faster than traditional banks over the coming decade as lenders adopt artificial intelligence and expand into new loan segments, according to a research report by Nomura.

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Bengaluru (Karnataka) [India], March 12: MPOWER Financing, a leading global firm enabling high-potential international students to pursue higher education abroad, has shared its assessment of the newly announced changes to the U.S. H-1B visa program. MPOWER's internal modeling, based on the past several years of H-1B results, suggests that the shift from a random lottery to a wage-based selection would have a neutral or even positive impact for Indian Master's STEM graduates.

Bengaluru (Karnataka) [India], March 12: Swiggy, India's pioneering on-demand convenience platform, and HDFC Bank, India's largest private sector bank, today announced the expansion of their co-branded credit card portfolio with the launch of two new variants: the Swiggy BLCK HDFC Bank Credit Card and the Swiggy Ornge HDFC Bank Credit Card. The Swiggy BLCK and Ornge HDFC Bank Credit Cards are designed to maximize value across food, quick commerce, lifestyle, and travel. Card members will enjoy enhanced, category-leading cashback on Swiggy and premium partner platforms, alongside exclusive instant discounts on Cleartrip and Nykaa. The expanded portfolio offers up to ₹48,000 in annual savings, bringing elevated, everyday benefits to a wider segment of consumers.

New Delhi [India], March 11: The announcement of the UCEED 2026 results has brought a proud moment for students and mentors associated with Creative Edge by Toprankers, as several students secured top national ranks in one of India's most competitive design entrance examinations.

Singapore, March 11: Princeton Digital Group (PDG), Asia's leading data center operator, today announced a plan to raise up to USD 5 billion in debt financing this year to fund its contracted capacity across the region.

The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.

Among the participating states, Andhra Pradesh has raised Rs 3,000 crore through three securities with tenors of 13, 15 and 17 years. Arunachal Pradesh has raised Rs 190 crore with a 20-year tenor, while Assam has borrowed Rs 900 crore through a 15-year security. Delhi has raised Rs 1,000 crore via a 10-year security. Gujarat has raised Rs 2,000 crore through two securities with tenors of seven years and six months, and 11 years, with an additional borrowing option of Rs 500 crore for each.