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FINANCIAL CRISIS
Bira 91 beer founder Ankur Jain quits board, gives up control in settlementBira 91 founder Ankur Jain has stepped down from the company's board. He is giving up all executive powers and ownership to settle disputes...
Mahindra Finance Q1 Results: Profit jumps 75% to Rs 927 crore on higher interest margin, lower provisionsMahindra and Mahindra Financial Services has experienced a remarkable seventy-five percent surge in net profit, driven by enhanced net inte...
Quote of the day by John Kenneth Galbraith: "What we do know is that speculative episodes never come gently to an end. The wise, though for most the improbable, course is to assume the worst."Economist John Kenneth Galbraith warned that speculative market episodes never end gently. History shows excessive optimism often leads to ...
Bandhan Bank Q1 profit jumps 35% as provisions decline sharplyBandhan Bank reported a 35% rise in Q1 net profit to Rs 502 crore, driven by lower provisions despite weaker operating profit. Gross NPAs i...
Europe heatwave: The thermometer is flashing red for the continent's economyEurope's heatwave is becoming a growing economic threat as extreme temperatures disrupt transport, reduce labour productivity, damage agric...
Global Market: European lenders brace for solid Q2 results despite geopolitical uncertaintyEuropean banks are set to report another quarter of resilient earnings, supported by steady loan growth, higher interest rates, strong trad...
Britain's new Prime Minister to cut taxes on electricity billsThe new British Prime Minister Andy Burnham will cut taxes on electricity bills. This move aims to ease the ongoing cost-of-living crisis f...
Pakistan can hit an oil jackpot amid a widening US-Iran warGulf states are seeking military partnerships with Pakistan amid regional tensions. Pakistan could gain oil and investment while deepening ...
EU wants bigger banks to rival US lendersThe European Union desires larger banks to enhance global competitiveness. Brussels aims to ease banking regulations and lower capital requ...
Wall Street banks are having their best trading year since 2009. Does that mean a crash is coming?Wall Street banks are on track for record trading revenue, driven by AI investing, dealmaking and active markets rather than crisis conditi...
Rs 80,000 monthly salary, Rs 1 crore home, 70% EMI: Bengaluru CA shares 3 rules Indians ignore when buying a houseRapid urbanization and rising property prices fuel a competitive homeownership race. Many families stretch budgets, ignoring long-term debt...
JSW MG Motor India to invest Rs 1,400 crore in Halol plant, launch four new vehicles this fiscalJSW MG Motor India is investing Rs 1400 crore to increase production capacity significantly. The company plans to introduce four new vehicl...
High rent, low savings, uncertain jobs: Why is Gen Z returning home to live with parents? All you need to know about the ‘boomerang generation’Gen Z adults are returning to family homes, reversing a long-standing migration trend. Soaring urban rents and stagnant wages drive this si...
When correlations break, can dynamic multi-asset funds offer investors better outcomes?Bhautik Ambani, CEO, AlphaGrep, explains why modern investing must take into account the limitations of predicting the market, and instead ...
Fed's 'ample reserves' approach is a focus of Warsh's balance sheet reviewFederal Reserve Chairman Kevin Warsh is reviewing interest rate policy and balance sheet management. The central bank is examining the ampl...
Net direct tax mop-up jumps 16% to Rs 6.5 lakh croreIndia's net direct tax collections increased by 16.4 percent to ₹6.51 lakh crore. Corporate tax collections saw a significant 22 percent ri...
CAG flags Rs 3,541 crore excess spend, budgetary lapses in Maharashtra govt's Ladki Bahin schemeThe CAG flagged over Rs 3,500 crore excess expenditure on the Ladki Bahin scheme. Thousands of crores were parked in deposit accounts, indi...
Housing crisis threatens longevity and wealth as affordability gap persists through 2040: WEFHousing unaffordability will remain a defining economic and health challenge through 2040, with the World Economic Forum and Marsh warning ...
Former Fed chair Ben Bernanke joins Anthropic's AI oversight trustA Nobel laureate in economic sciences, Bernanke led the Fed from 2006 to 2014, steering the central bank through the 2008 financial crisi...
- US Stock Market: SEC clears path for UBS crisis resolution plan with key bail-in guidance
The US Securities and Exchange Commission will not object to certain UBS securities transactions. This regulatory relief aids Switzerland's...