Mutual funds cut exposure to private banks for 2nd straight month in April. Is banking sector under pressure?Mutual funds reduced their exposure to private banks for the second consecutive month in April, driven by tactical rotation and near-term e...
Zero forex to complementary lounge access: 5 popular travel credit cards worth checking outFrequent travelers can enhance their journeys with the right credit cards. Cards like Federal Bank Scapia and Ixigo AU offer lounge access ...
RBI mulls new move using foreign bonds to prop up rupeeReserve Bank of India is considering allowing state-run banks to issue foreign-currency bonds to attract capital inflows and support the ru...
Iran juggles oil cuts and storage strain to resist US blockadeTightened US naval restrictions in the Strait of Hormuz have sharply reduced Iran’s oil exports, forcing the country to cut production as s...
Global Markets | European shares steady as investors eye US-Iran talks, central banksAs investors steadied themselves for pivotal central bank meetings, European markets experienced minimal fluctuations. Oil prices rose, ref...
'Every businessperson I talk to thinks of India as a land of opportunity': Brian Moynihan, CEO, Bank of AmericaBank of America CEO Brian Moynihan says India is the fastest-growing major market globally, offers huge opportunity, and will need large am...
RBI’s openness to a well-capitalized, well governed foreign bank taking majority in RBL reflects confidence: Shayne Nelson, Group CEO, Emirates NBDSustaining India’s momentum requires significant capital and credit to fuel growth. Unlike China, which relied on government capital, India...
NPAs in the gold loan sector will not go up due to a surge in gold prices, says Indel’s Umesh MohananIndel Money's Executive Director, Umesh Mohanan, anticipates no NPA surge in the gold loan sector despite rising gold prices. RBI's revised...
Manning River breaks 1929 flood record in South Wales, 50,000 isolatedUnprecedented flooding has struck Taree, with the Manning River reaching a record 6.4 meters, isolating nearly 50,000 people. The NSW SES h...
RBI allows prepaid wallets, cards without KYC, to pay for rail, metro, bus, toll, parking; how it worksMetro, bus, train, waterways, tolls, and parking services can now be paid digitally through prepaid wallets and cards, thanks to RBI's appr...
January 2, 2023: Is it a Bank holiday in UK? Find out hereWith the advent of the new year and all-around festivities, it's important to know if it's a bank holiday today, as you might be heading ou...
Fitch cuts India growth forecast to 10%, says rapid vaccination to support revivalFitch believes that rapid vaccination could support a sustainable revival in business and consumer confidence; however, without it, economi...
Recent liquidity measures help reduce financing cost in corporate bond market to decadal low: RBIRBI deployed several conventional and unconventional tools to restore orderly conditions in financial markets and maintain normal functioni...
China flirts with digital currency in four urban centres amid CovidChina has launched a trial of digital yuan in four urban centres of the country for specific services.
Ind-Ra revises rating watch on Yes Bank to 'evolving'The RWE indicates the possibility of the ratings being either upgraded, downgraded or affirmed.
Modi 2.0 gives us increased confidence both as an allocator of capital & as an investor: David Solomon, CEO Goldman SachsUnder a second term for PM Modi, we are hopeful that the reform program will continue and accelerate to provide a great deal of upside for ...
Airports Authority of India to go for listing on bourses by end of FY16, hires SBI Caps; analysts welcome moveSBI Caps will guide us through the divestment process. They will prepare a report on the whole process and issues, which will then be discu...