Global Markets: European shares edge higher with banks in the lead; the Middle East in focusEuropean markets saw a rise on Tuesday. Banking stocks led the gains, with Italian lenders drawing attention. Tech stocks stabilized after ...
RBI opens a dollar swap window to help hedge foreign borrowingsThe Reserve Bank of India is introducing a dollar-rupee swap facility for banks. This move aims to help state-run firms and lenders hedge t...
India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra saysIndian banks anticipate raising up to $40 billion through foreign currency deposits. The Reserve Bank of India is backing a new scheme to a...
Global markets: Europe's STOXX 600 hits two-week low on Mideast escalation, AI jittersEuropean shares hit a two-week low as Middle East tensions and a global AI stock selloff weighed on the market. Crude oil prices surged ove...
Amazon India head on qcomm; senior exit at Z47Happy Monday! Amazon India’s Samir Kumar said the company is gunning for the top spot in the country’s quick commerce market. This and more...
Banks to be told to step up FCNR (B) depositsBanks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This mo...
Reeling rupee drags students abroad deeper into debt at homeA weakening rupee is causing significant financial strain for Indian students pursuing education abroad. Loans sanctioned earlier are now i...
Rupee slide pushes overseas students back to lenders for top-up loansA significant rupee depreciation has forced Indian students studying abroad to seek top-up loans from lenders, as initial loan amounts fall...
Chinese proverb of the day: 'Timely return of a loan makes it easier to...' - motivational life lessons on trust, reliability, integrity, accountability and why honouring commitments opens more doorsChinese proverb of the day: Ancient Chinese sayings emphasizes that timely repayment of loans, like the proverb "有借有还,再借不难," builds trust a...
Global Markets: Australia shares log worst week in nearly a month with US-Iran talks stuck in limboAustralian shares experienced their worst week in nearly a month, with the S&P/ASX 200 index closing down 0.7% on Friday. Escalating U.S.-I...
RBI holds repo rate, but for how long will relief for home loan borrowers continue?The RBI’s decision to keep the repo rate unchanged at 5.25% has provided relief to home loan borrowers, but rising inflation could trigger ...
ET Alpha Wealth Summit: India could unlock a $5 trillion export opportunity through FTAs, says Saurabh MukherjeaHe believes a combination of free trade agreements (FTAs), a weakening rupee, and shifting global supply chains could create a massive oppo...
BofA taps Avendus dealmaker Anshul Gupta in major post-Mizuho exitBank of America is strengthening its India operations. Anshul Gupta joins from Avendus Capital to lead the investment banking division. Thi...
Money market-volumes jump to record as bank lending boomsIndia's money markets are experiencing record activity. State-owned banks are borrowing more to fund strong credit demand. This surge in le...
Unified Lending Interface is a good start. Now comes the hard partIndia's new Unified Lending Interface, ULI, promises to fix credit access. However, its true impact depends on fintech companies.
JLR to raise £2 billion five-year loan from global banks to refinance debtJaguar Land Rover is securing a significant £2 billion loan. This move aims to refinance upcoming debt obligations. Several multinational b...
Global Markets: Australian shares end flat as banking losses overshadow miners' gainsAustralian shares closed nearly flat as bank losses offset resource gains, with U.S.-Iran tensions and sticky inflation weighing on sentime...