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AI threat overblown: Why Invesco’s Hiten Jain is doubling down on IT stocksInvesco Mutual Fund's Hiten Jain offers a contrarian view, identifying the tech rout as a significant buying opportunity and dismissing bro...
Banks are cutting credit card perks quietly; Learn how to get more value from your walletMany banks have recently reduced credit card rewards, cashback limits, and perks, prompting cardholders to reassess their spending strategi...
An SNL 'All Drug Olympics?' Not quite. But these Enhanced Games are no jokeThe "Enhanced Games" in Las Vegas allows athletes to use performance enhancers, aiming to challenge mainstream sports' anti-doping efforts ...
Startups seek digital gold rules; IT firms bet on freshersHappy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Mornin...
One fridge. 500 books. How a Kolkata teacher built a street library with a simple thought, ‘Reading should belong to every child.’An English teacher in Kolkata, Kalidas Haldar, and his wife established a unique street library in 2021, utilizing a repurposed refrigerato...
NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
Saurabh Mukherjea has moved half his personal portfolio out of India; here's whySaurabh Mukherjea, founder of Marcellus Investment Managers, has shifted his personal portfolio to a 50-50 split between Indian and global ...
Axis MF's Sachin Relekar backs consumer internet, financials & metals for long-term gainsSachin Relekar of Axis Mutual Fund sees opportunities in consumer internet, financials, and metals. He believes platform businesses are nea...
Reserve Bank of India restores default loss guarantees for NBFCsNon-banking finance companies (NBFC) can now factor in DLGs when setting aside buffers for potential loan losses, provided the guarantee fo...
L&T Finance Holdings' merger to pare costs, free up Rs 3,000-cr fundsThe merger will consolidate lending companies L&T Finance Ltd, L&T Infra Credit Ltd. and asset manager L&T Mutual Fund Trustee Ltd into LTF...
RBI circular does not affect Fedbank Fin’s unsecured portfolio: MD“Unsecured loans get repaid within 30 months as opposed to secured mortgage loans which get repaid in about eight years. Which is why with ...
New avenues open for IDFs but risks also higher: ICRANew Reserve Bank of India (RBI) norms for infrastructure debt funds (IDFs) opens up new avenues of funding and capital raising and also pro...
Jio Financial demerger could end up creating over Rs 10 lakh cr worth of book in 3 years: Deven Choksey“Jio Financial Services remains a strong proposition as far as the outlook is concerned on the NBFC side. That definitely holds good for sh...
Governor Das does a ‘Roberto Carlos’!Much to everybody’s surprise, Guv Das stuck to mandate, yet managed to give sops for consumer growth.
CredAble raises Rs 100 crore from Alpha CapitalNirav Choksi, founder, CredAble told ET that the funds raised would be deployed towards scaling up operations and technology, as well as on...
Power Finance Corp to raise Rs 3,876 crore via tax-free bondsPower Finance Corp has filed draft documents with Sebi for raising up to Rs 3,876 crore through tax- free bonds by March next year.
- Bank on short-term loans in line with deposit trend: RBI
RBI has told banks to focus on lending for the short & medium term rather than lock themselves in long-term loans. Strategy to beat the bub...