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INTERNATIONAL BANKING UNITS
GIFT IFSC emerges as international banking hub with $52.82 bn FCNR(B) disbursals: Uday KotakGIFT IFSC banking units are channeling foreign-currency deposits into financing. These units funded fifty-two billion dollars of FCNR(B) de...- Former diplomat Syed Akbaruddin appointed to RBI central board for 4 year termFormer diplomat Syed Akbaruddin joins the Reserve Bank of India Central Board. He will serve as a part-time, non-official director for four...
- Gold treads water ahead of US nonfarm payrolls reportGold prices held steady during the early hours of Thursday’s Asian trading. Investors are closely monitoring the upcoming U.S. nonfarm payr...
- Erin Piacenti’s Times Square stabbing update: BoFA Vice President and new mom had just celebrated her baby’s baptism before stabbed to deathErin Piacenti, a 32-year-old Bank of America vice president and University of Pennsylvania and Fordham Law graduate, was fatally stabbed in...
- Record FCNR (B) inflows as banks mobilise $127 blnBanks mobilized over $127 billion from FCNR(B) deposits by August 31. Total dollar inflows reached $136.37 billion through special schemes....
- Direct Tax Reforms: Parliamentary panel to meet tomorrow to discuss simplifying taxesA parliamentary committee will meet on September 3 to discuss direct tax reforms. The meeting will focus on simplification, rationalization...
- Stocks in news: Reliance Industries, Wipro, Tata Motors, among 9 stocks that will be in focus todayThe BSE Sensex ended at 76,944.28, lower by 12.99 points or 0.02%, as gains in IT, FMCG and select heavyweights helped limit the fall.
- Nirmala Sitharaman, IMF chief discuss India’s growth trajectory, global economic outlookFinance Minister Nirmala Sitharaman met IMF Managing Director Kristalina Georgieva in Asheville. Georgieva acknowledged India's strong econ...
- Festive surge drives UPI near record ₹29.8 lakh crore milestone across 24.5 billion transactionsIndia's UPI processed transactions near record highs in August, reaching ₹29.8 lakh crore. The platform handled a fresh record of 24.51 bil...
- These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 20%We normally don’t dwell on F&Os in this space. However, it is good to know that, in the current circumstances, an upmove in the indices and...
- UK doubles penalties for sanctions breaches to squeeze RussiaBritain has doubled penalties for sanctions breaches, increasing the maximum fine to 100 percent. The UK Treasury stated this action aims t...
- Scott Bessent huddles with G20 to try to rally allies on Iran as tariffs strain tiesUS Treasury Secretary Scott Bessent is meeting with global finance ministers in Asheville this week. He aims to focus discussions on econom...
- NIPL and Uzbekistan's HUMO sign agreement enabling Indian travelers' seamless transactionsNPCI International Payments Ltd. and Uzbekistan's HUMO have signed a commercial agreement. Indian travellers can now use UPI-enabled apps t...
- Global Market: European central bankers leave Jackson Hole uneasy over US policy shiftsEuropean central bankers left the Jackson Hole symposium concerned that recent US Treasury interventions could strain long-standing norms o...
- FM Sitharaman lands in US for six-day visit for G20 talks and meeting with business leadersFinance Minister Nirmala Sitharaman has begun a six-day US visit focused on boosting investment ties, engaging business leaders and represe...
- Over 90,000 people affected by Himalayan landslide, Red Cross saysOver ninety thousand people are directly affected by a Himalayan landslide and need urgent aid. Aid officials express serious concerns abou...
- US Stock Market: Warsh Jackson Hole speech puts Fed policy communication under scrutinyFederal Reserve Chair Kevin Warsh’s Jackson Hole speech is in focus as investors seek clues on U.S. interest rates, inflation and bond-mark...
- China's help critical, but unlikely, for US to choke off IranThe United States seeks to economically isolate Iran through expanded sanctions. China's continued trade with Tehran complicates these US e...
- Mark Carney, the former central banker who said 'no' to TrumpCanadian Prime Minister Mark Carney is more seasoned as a banker than a politician but has shown a confident touch in standing up to US Pre...
- Iraq may show how U.S. can squeeze Iran's trade partnersThe United States is pressuring Iraq to curb its financial dealings with Iran. Washington has sanctioned Iraqi banks involved in trade with...
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