Staff Writer

Japanese regional banks up lending on auto, holiday spending

Japan's regional banks are enhancing unsecured retail lending as it offers high profit margins. Loans on mortgage and small firm borrowing are declining. Japan banks are suffering from ultra-low interest rate regime to increase revenues.

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US Presidential elections, China economy setting tone for markets

Global markets have been moving in tandem with state of Chinese economy and US Presidential elections these days. After rebounding in the previous month, the global markets are waiting for next level triggers from US elections and stimulus plans on China's economy.

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Microsoft No Longer Accepts Bitcoin Payments

No more Bitcoin payments for Microsoft Windows 10 devices. Existing balance can still be used to purchase on Windows Store but cannot be refunded or added. Xbox users can still add Bitcoins to their accounts.

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Intel mulls over selling $1-bln assets of venture capital unit

Intel Corp, one of the major manufacturer of computer components in the world, is planning to sell a part of its venture capital (VC) unit Intel Capital. The value of the part of assets to be offered for sale is estimated to be $1billion worth. UBS Group AG has been appointed to find out potential buyers for the sale of a part in venture capital unit.

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US oil, natural gas drilling dropped lowest since 1940

The US drilling activity for oil and natural gas declined to record low since 1940 in the wake of weaker oil prices in the global markets. Oil firms are also reducing their spending budgets this year owing to adverse conditions in the markets

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ICICI Bank Ltd. Funds Increased as World Asset Management Inc. and Other Hedge Funds Added Stakes

World Asset Management Inc increased its stakes in ICICI Bank Ltd thus increasing the bank’s fund. The bank will now have sufficient funds to lend to eligible borrowers who want to have their own business and houses.

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India's Former Famous Smartphone, Micromax Now Scrabbles

Micromax has been the popular smartphone company in India but with the introduction of other cheaper smartphones from other companies, Micromax is now struggling to keep pace with its competitors. It is now seeking partnership for expansion to produce television and tablets outside its home country.

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LIC invests ₹2,750 crore in shares of nine state-owned banks

Life Insurance Corporation has invested in nine state-owned banks. The Indian-based insurance group has invested around ₹2,750 crore in shares of nine banks in order to strengthen their capital reserve.

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China's banking regulator warns of risks from overcapacity, seeks limits on lending

China Banking Regulatory Commission (CBRC) has warned of risks from industrial overcapacity. CBRC has advised commercial banks and financial institutions to keep limits on lending exposure as it sees a need for setting up investment pilot projects and asset securitization to enhance cash flows.

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Meal-Kit Deliveries Are Gaining Popularity in the U.S., More Such Companies Emerging

Offering raw but pre-packed and pre-measured food ingredients and step-by-step recipes, meal-kit deliveries are getting more popular in the U.S. The country has seen an increase both in demands and the companies who offer such services.

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U.S. Government Reported a $193 Billion Budget Deficit in February

Treasure Department published monthly budget report on Thursday. This year a 0.1% increase is reported from last year. This full-year's deficit is forecasted to be much higher than 2015.

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Silicon Valley Bank report says more UK start-ups prefer acquisition than IPOs

Silicon Valley Bank report shows 59% of UK start-up heads chose to be acquired rather than seek IPOs. Many UK executives consider hiring labours to be more challenging than other business issues.

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Winnie and Grow Parenting Provide Apps to Help Parents

Up to now, there are not many parenting tech companies and products available while the market is growing. Winnie and Grow Parenting, built by Fisher-Price and Shakira are among the promising apps in that sector.

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Bosch Launches a Cloud Network, Determined to Develop Its Own Internet of Things

Bosch is seeking to transform itself from equipment manufacturers to service providers. The company has launched its own cloud computing network and is determined to develop its Internet of Things technology and software to be better.

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Propel raises $4.2mln from Cloud Apps Capital Partners

Product management tool provider Propel has closed $4.2 million series A investment. Cloud Apps Capital Partners participated in the A series investment round for Propel.

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