A free smartwatch gift cost an Egyptian 750 million pounds after cybercriminals allegedly used it to empty his accountsA free smartwatch offer turned into a $15 million disaster for an Egyptian businessman, highlighting a sophisticated 'real-time phishing' s...
Calcutta HC asks private bank to disclose corpus in TMC bank accountsThe Calcutta High Court has ordered a private bank to reveal the funds in the Trinamool Congress's frozen accounts. The court is examining ...
Merchant, arbitrage flows extend rupee's losing streak even as dollar slumpsThe Indian rupee weakened for the fourth straight session against the dollar on Thursday, despite a weaker dollar and likely central bank i...
Rupee bounce fizzles as RBI intervention thins, arbitrage flows pick upThe Indian rupee reversed early gains on Thursday, succumbing to dollar demand from arbitrage trades as central bank intervention eased. Af...
Govt lines up PSU stake sales to cushion budget hit from oilIndia is accelerating plans to divest stakes in major state-owned entities, including the nation's largest insurer, Life Insurance Corp., t...
Crude oil correction could be India's next big market trigger: Rohit SeksariaIndian equities are poised for a positive shift as falling crude oil prices ease inflation and currency concerns, according to Sundaram Mut...
RBI's tighter capital market norms kick in from today; Ashvin Parekh on why the timing mattersNew Reserve Bank of India regulations, now effective from July 1, aim to bolster financial stability by limiting bank exposure to real esta...
Rupee hits near three-week low at 95.24 vs USD as Asian currencies drop on Fed, Iran war cautionThe Indian rupee hit a near three-week low on Wednesday, mirroring declines in Asian currencies. Investors grew cautious ahead of U.S. Fede...
India bonds rise as index-entry hopes counter rise in US yieldsIndian government bonds saw gains as anticipation of Bloomberg index inclusion and improved liquidity bolstered prices. Despite higher U.S....
Banks clear RBI stress test, but NPAs tick up in tough scenariosThe Reserve Bank of India's latest financial stability report indicates that Indian banks will likely keep capital levels above the regulat...
US Stocks: Oppenheimer makes rare cuts to top US investment banks, backs alternative asset managersOppenheimer has downgraded major U.S. investment banks like Goldman Sachs and Morgan Stanley, citing limited upside despite a positive envi...
Australian shares slip on inflation concerns, miners top dragsThe benchmark S&P/ASX 200 index closed 0.5% lower at 8,778.70 on the final trading day of the current financial year. The index rose 3.5% f...
NPCI turns to AI to stop frauds from siphoning off moneyIndia's banking sector is set to gain a powerful new weapon against digital fraud. The National Payments Corporation of India (NPCI) has in...
Some Indian banks poised for interest margin gains as short-term funding costs fallIndian banks are poised for improved interest margins this quarter, thanks to the Reserve Bank of India's liquidity-boosting measures. Thes...
IIFCL plans $1 billion loan from overseas investors; in talks for $400 million ADB fundingIndia Infrastructure Finance Company is set to secure a substantial $1 billion foreign-currency loan, potentially its largest to date, and ...
HDFC Bank overhang eases, Kotak CEO exit creates fresh uncertainty: What Pranav Gundlapalle is watching nowIndia's private banking sector faces pivotal moments with two major players at different junctures. HDFC Bank awaits RBI's nod for its CEO,...
Rupee bounces from day's low on RBI supportThe Indian rupee saw a slight recovery on Wednesday, closing at 94.66 against the dollar after touching an intraday low. State-run banks in...