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JANUARY 2024 PPI
RBI action on Paytm Payments Bank incrementally negative for One 97, says Bernstein; retains ‘Outperform’, sees 30% upsideThe RBI has cancelled Paytm Payments Bank's license due to regulatory non-compliance, citing detrimental operations and prejudiced manageme...
Social Security is running out of cash — these radical fixes could be the last hopeSocial Security may soon run out of money, and experts are suggesting new ways to save it. Some want limits on benefit increases, while oth...
Amazon infuses Rs 350 crore into India payments business amid growing competitionThe move comes as rival Flipkart’s fintech app, Super.money, is actively seeking fresh funding. On January 13, ET reported that Flipkart is...
Gold ends with 7th straight weekly advance riding on Trump's tariff fearsSpot gold was highly volatile amid weak US data and tariff policies. The yellow metal posted a seventh consecutive weekly gain. Poor US ret...
Producer Prices in January 2025 rise more than expected, but Fed’s key inflation measure signals easing – What it means for interest rates and marketsProducer Price Index (PPI) Report shows a 0.4% rise in January 2025, exceeding estimates of 0.3%. However, signs of easing inflation in hea...
Mobile wallets make a big comeback as numbers returnMobile wallets are regaining traction in India. Global fintechs like Revolut and Tide are seeking licenses, while domestic players are ente...
One MobiKwik Q2 Results: Shares surge 3% ahead of fintech's maiden earnings announcement since listingShares of One MobiKwik Systems will be in focus as the company announces its first quarterly earnings since listing. MobiKwik with signific...
Decision Day Guide: US Federal Reserve set to deliver third-straight interest rate cutThe Federal Reserve is poised to lower borrowing costs for the third consecutive meeting, but signals fewer cuts in 2024 due to a resilient...
MobiKwik claims to be largest digital wallet player in terms of transaction valueMobiKwik, leading in digital financial services by PPI Wallet transactions for April and May, grew market share to 23%. Co-founder Upasana ...
FASTag, NPS, credit card, debit card, insurance rule changes: Major money changes from April 1Money rule changes in April: Let's see major financial changes and new norms that will come into effect from April 1, 2024. Changes include...
Can you use Paytm card for metro, bus travel after March 15? Recharge, balance transfer other queries explainedThe Reserve Bank of India has extended Paytm Payments Bank's wind-down deadline by 15 days to March 15, 2024, considering customer needs am...
Credit card rules to NPS: 6 important money-related changes that will come into effect in April 2024Money changes in April 2024: Let us look at six important financial changes that will come into effect in April 2024.
US Treasury yields rise further ahead of next week's Fed meetingBenchmark 10-year notes yields were last up 1.6 basis points (bps) at 4.312%, marking the fifth consecutive day of rising yields. U.S. two-...
Gold hitting record highs on Fed rate cut betsStrong buying by central banks continues to support gold prices. Total gold demand hit a record last year and is expected to expand again i...
Amazon Pay secures payment aggregator licence from RBIA payment aggregator licence by the RBI will enable Amazon to increase its merchant payments business, a major opportunity for the ecommerc...
Wall Street ends higher as retail sales slump feeds hopes for rate cutsA Commerce Department report showed U.S. retail sales dropped 0.8% in January, weighed by declines at auto dealerships and gasoline service...
Gold near two-month low as traders wary of US rate cut prospectsGold prices held near a two-month low on Thursday, as traders assessed U.S. Federal Reserve officials' mixed remarks on January's hotter-th...
Wall St muted ahead of data-heavy week; Nvidia beats Amazon's market valueNvidia crossed above Amazon.com in market capitalization, as the euphoria around artificial intelligence catapulted the chipmaker to the fo...
China's consumer prices suffer steepest fall since 2009 as deflation risks stalk economyThe consumer price index (CPI) fell 0.8% in January from a year earlier, after a 0.3% drop in December, data from the National Bureau of St...
Gold ends with weekly declines; buy the dips going aheadGold prices came under intense immediate downside pressure on better-than-expected US non-farm payroll data. However, weaker-than-estimated...