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US stocks: US market ends down as oil prices, Treasury yields riseIn a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, com...
SBI expects surplus from new UPI MDR as issuing, acquiring bankState Bank of India will start charging a merchant discount rate on UPI payments exceeding Rs 2,000 from October 15. The bank anticipates g...
Quote of the day by Henry Singleton: "Our attitude toward cash generation and asset management came out of our own thought process. It is not copied. After we acquired a number of businesses we reflected on aspects of business. Our own conclusion was that the key was cash flow."Henry Singleton, co-founder of Teledyne, emphasised cash generation as central to business strength and long-term decision-making. His phil...
Government may do away with UPI subsidies as MDR revenue kicks inGovernment may end UPI subsidies for small transactions as merchant fees are introduced. Taxpayer-funded incentives for UPI and RuPay trans...
Financial sector must fund next generation of enterprises, not just next year's growth: P K MishraThe Principal Secretary to the Prime Minister P K Mishra said on Wednesday that the financial sector should move beyond financing near-term...
UBS upgrades Bajaj Finance shares, LT Finance as it sees NBFCs better placed than banks. Here’s whyUBS upgraded Bajaj Finance to Neutral and L&T Finance to Buy, citing improving asset quality and a revival in unsecured lending. The broker...
MDR gives banks more fuel for UPI playPayment companies can build the customer interface, but a product cannot scale until issuing and acquiring banks connect their systems, tes...
Credit card issuers push EMI loans to counter revolver model misfireWith a smaller share of customers carrying balances month to month, interest-bearing receivables are growing more slowly than transaction v...
Think a Rs 1 lakh salary means a Rs 60 lakh home loan? CA explains what banks actually checkA Rs 1 lakh monthly salary does not automatically mean you can get a Rs 60 lakh home loan, CA Nitin Kaushik explained. Banks assess factors...
Investors upbeat on hawkish Fed fighting inflation but remain wary of crude oil prices and AI risksFederal Reserve's hawkish stance combats inflation, boosting investor optimism for markets. Oil prices remain elevated, which complicates s...
Social Security payments worth up to $5,181 are going out this week: Here’s who gets paid September 23 and why most retirees won’t receive that muchSocial Security payments are going out this week, with the next round scheduled for September 23, 2026. Here’s who is eligible for the paym...
UPI vs credit cards - How India's payments system is boosting savings and benefitting multiple stakeholdersThe Anglo-Saxon economies of the US, United Kingdom and Australia show a reduction in household savings rates along with a growth in credit...
US Market: Fed rate path, oil prices and AI concerns to shape Wall Street this weekUS investors are set to focus on Federal Reserve rate signals, Middle East tensions, oil prices and Treasury yields this week. Attention wi...
India’s growth engine still has plenty of runway with earnings set to accelerate: JefferiesJefferies expects India’s real GDP growth to stay at 6.5-7% in the current fiscal, with corporate earnings growth accelerating to 17% next ...
AI investment, government borrowing drive global cost of capital higher: Goldman SachsGoldman Sachs says the global cost of capital is rising as AI infrastructure spending pushes companies to borrow more while governments als...
Bank of India MF CIO Alok Singh sees banks poised for a re-rating. Here’s what could trigger itBank of India Mutual Fund CIO Alok Singh sees scope for banks to re-rate as low NPAs, healthy returns and loan growth support fundamentals....
Up to 7.50% interest rate on 555-day FD: Check highest rates for general and senior citizensFD interest rates: Many banks are currently promoting compelling interest rates for 555-day fixed deposits. While general depositors can en...
You might be losing out on money in your savings account: Here's how monthly vs quarterly interest credit impacts your bank balanceWhile many banks credit the savings account interest quarterly, there are some that credit the amount monthly. Basically, monthly interest ...
Small and midcap trade at up to 50% premium, says Bajaj Life CIO. Why largecaps look better nowAfter years of outperformance by the broader market, Ravuri says largecaps now offer better valuation comfort, earnings visibility and room...
Yes Bank shares jump 4% as Citi, Morgan Stanley see lender as key beneficiary of new UPI charges. Earnings boost ahead?Yes Bank shares rose sharply on Wednesday after Citi and Morgan Stanley identified the lender as a key beneficiary of new MDR charges on se...