Friday, November 22
President-elect Donald Trump is naming longtime adviser Stephen Miller, an immigration hard-liner, to be the deputy chief of policy in his new administration. Confirming the appointment, Vice President-elect JD Vance posted a message of congratulations on Monday to Miller on X and said, This is another fantastic pick by the president.Miller is one of Trump's longest-serving aides, dating back to his first campaign for the White House. He was a senior adviser in Trump’s first term and has been a central figure in many of his policy decisions, particularly on immigration, including Trump's move to separate thousands of immigrant families as a deterrence program in 2018.Miller's anti-H1-B visa stanceDespite the economic consensus that international students and high-skilled immigrants are a
The grey market premium (GMP) of Zinka Logistics stands at 8% or Rs 28, a day ahead of its initial public offering (IPO) on Wednesday, November 13.The issue will remain available for subscription till November 18.The Bengaluru-based company has fixed a price band of Rs 259-273 per share for the issue offer.The offer comprises a fresh issue of shares amounting to Rs 550 crore and an offer for sale (OFS) by the selling shareholders of up to 2,06,85,800 shares of the company, which are valued at Rs 564.72 crore at the upper limit of the price band.At this upper limit of the price band, the total size of the IPO stands at Rs 1,114.72 crore.The issue opened for anchor investors on Tuesday, November 12, a day before it is available for retail investors. Bids can be made for a minimum of 54 share
MUMBAI: Stung by high default rates in the personal loan, credit card and microfinance (MFI) portfolios, Indian banks are slashing credit card limits and restricting pre-approved personal loans. Some of the lenders have also reduced loan-to-value (LTV) ratios on mortgage loans, bankers told ET."We have identified stress segments in our unsecured portfolio based on customer segment, geographies, credit scores and sectors that are showing signs of trouble," said the retail head of a private sector lender. "We have reduced risks in these segments by lowering credit card additions, reducing credit card limits, lowering LTV and keeping away from segments which have thrown up high risk."Several lenders said that they now prefer offering loans to customers with credit scores of more than 750 from
