Most of us will engage in festive shopping, making credit cards an appealing choice for discounts and cas ...More

Most of us will engage in festive shopping, making credit cards an appealing choice for discounts and cashback offers. But before choosing a card, analyse fees, rewards, and conditions on cashback. Check these 7 credit cards that are offering up to 10% cashback on online shopping, among other offers. These cards also have a low joining fee and one of them is lifetime free. ...Less

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International travel entails various expenses that can incur foreign exchange markup charges, impacting o ...More

International travel entails various expenses that can incur foreign exchange markup charges, impacting overall costs. Understanding forex markup helps travelers identify significant savings by comparing credit card options before applying. A zero-forex card may reduce costs on eligible international transactions, particularly during prolonged trips abroad. Additionally, travelers should evaluate overall benefits such as rewards and insurance besides forex charges. ...Less

A Delhi consumer commission has ordered SBI Card to pay Rs 50,000 to a cardholder who asked for a cheaper ...More

A Delhi consumer commission has ordered SBI Card to pay Rs 50,000 to a cardholder who asked for a cheaper credit card and was refused. The company has also been told to close the card and issue a bill as on 4 August 2023. ...Less

Alaina Curry faced financial challenges after accumulating over $80,000 in student loans and credit card ...More

Alaina Curry faced financial challenges after accumulating over $80,000 in student loans and credit card debt. After realizing the impact on her life, she adopted a disciplined approach to managing her finances. She moved in with relatives and took various side jobs to increase her income while prioritizing debt repayments. Despite setbacks from car accidents and job loss, she remained determined to gain financial freedom. ...Less

South Indian Bank is developing a proprietary tech platform to launch its credit card business next fisca ...More

South Indian Bank is developing a proprietary tech platform to launch its credit card business next fiscal year. The bank aims to increase the share of retail, agriculture, and MSME loans to 65% from 61% in three years. A significant focus will be placed on growing income from RAM loans rather than lower-yielding corporate loans. ...Less

SBI Cards reported a 75% year-on-year profit increase to Rs 778 crore in Q2 FY27, driven by lower credit ...More

SBI Cards reported a 75% year-on-year profit increase to Rs 778 crore in Q2 FY27, driven by lower credit costs and improved asset quality. However, corporate card spending declined, receivables contracted, and net interest margins narrowed. ...Less

8% instant discount vs 10% cashback vs 1,000 reward points: Suppose you shop for Rs 10,000 online and are ...More

8% instant discount vs 10% cashback vs 1,000 reward points: Suppose you shop for Rs 10,000 online and are now getting a choice between an 8% discount, 1000 reward points or 10% cashback. What would you choose? Don't go by the biggest number alone, as all the three can deliver a very different true value than the other. Here's how you can assess the true value of savings. ...Less

In its annual Festive Treats 2026 campaign, HDFC Bank is rolling out exciting financial product offers th ...More

In its annual Festive Treats 2026 campaign, HDFC Bank is rolling out exciting financial product offers that allow customers to save up to Rs 70,000 on their festive shopping. The promotion includes special advantages on Xpress Personal Loans, credit cards, and EASYEMI payments. ...Less

Waiting until the last minute in the hope of a sale can be costly. Airlines use dynamic pricing, and chea ...More

Waiting until the last minute in the hope of a sale can be costly. Airlines use dynamic pricing, and cheaper fares may disappear as more seats sell. If your dates are fixed, compare fares as early as possible and book when the price is reasonable for your budget. Set fare alerts to track changes, but don’t delay your booking expecting for a drop in prices. ...Less

Retailers use a bagful of psychological triggers and pricing tricks to sell more during sales. Here’s how ...More

Retailers use a bagful of psychological triggers and pricing tricks to sell more during sales. Here’s how you can avoid overspending. ...Less

Prime Minister Narendra Modi inaugurated the Reserve Bank of India's new data centre and Cybersecurity Tr ...More

Prime Minister Narendra Modi inaugurated the Reserve Bank of India's new data centre and Cybersecurity Training Institute in Bhubaneswar. He emphasized the importance of protecting India's banking system from potential cyber threats. Modi noted that India's banking sector has become more efficient and accessible to the masses since 2014. He underscored the government's efforts to provide formal banking services to previously disadvantaged groups. ...Less

HDFC Bank announced the launch of its annual festival offer, with thousands of deals across various servi ...More

HDFC Bank announced the launch of its annual festival offer, with thousands of deals across various services to provide customers with affordable shopping offers. The intitiative would allow customers to save up to ₹70,000 on festive purchases made using HDFC Bank credit cards and EASYEMI on debit and credit cards. The offer covers Xpress Personal Loans, Xpress Car Loans, and other vehicle loans, home loans, and gold loans. ...Less

In today’s competitive lending environment, many homeowners are successfully reducing their mortgage rate ...More

In today’s competitive lending environment, many homeowners are successfully reducing their mortgage rates thanks to improved credit scores. Higher credit score signals a reliable repayment history, empowering borrowers to negotiate better terms with lenders. Financial experts stress the importance of maintaining a robust credit profile, particularly as interest rates climb. However, some borrowers may be unaware of their negotiating leverage, missing out on substantial savings. ...Less

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A $15,000 annual salary in 1979 eventually turned into an $8 million fortune for a Los Angeles engineer. ...More

A $15,000 annual salary in 1979 eventually turned into an $8 million fortune for a Los Angeles engineer. His secret was not a big business deal or a lucky bet. He started saving at 22, invested through workplace retirement plans, kept his cars for years and continued working. Nearly five decades later, his steady habits have shaped his financial future. ...Less

Find out how lifestyle creep undermines wealth creation and how to enjoy a better standard of living with ...More

Find out how lifestyle creep undermines wealth creation and how to enjoy a better standard of living without sacrificing your financial goals. ...Less

Warren Buffett’s retirement advice focuses on low-cost index investing, paying off high-interest debt, ma ...More

Warren Buffett’s retirement advice focuses on low-cost index investing, paying off high-interest debt, maintaining cash reserves, staying within one’s circle of competence and living frugally. His long-standing principles offer lessons on building wealth, managing risk and making sound financial decisions. ...Less

Delhi Police has denied permission for singer Diljit Dosanjh's concert scheduled for October 30. This dec ...More

Delhi Police has denied permission for singer Diljit Dosanjh's concert scheduled for October 30. This decision raises concerns regarding the Delhi leg of the RuPay Aura India Tour. The concert was initially set for November 1 before being rescheduled to October 30. Fans had begun purchasing tickets through BookMyShow, with previous sales dates announced. Further information on the implications of this denial is awaited from BookMyShow and Dosanjh's team. ...Less

From diversifying beyond equities and exploring real estate investments to planning early retirement, nav ...More

From diversifying beyond equities and exploring real estate investments to planning early retirement, navigating legal complexities and understanding the wealth potential of artificial intelligence, Day 2 of ET Wealth Expo 2026 will examine how investors can multiply wealth, achieve financial freedom and make informed financial decisions. ...Less

Two humorous stories highlight how loyalty rewards and discounts can encourage people to spend more while ...More

Two humorous stories highlight how loyalty rewards and discounts can encourage people to spend more while believing they are saving money. From collecting an overpriced teaspoon to buying unnecessary items on sale, the tales poke fun at the difference between perceived savings and actual spending. ...Less

Flight interruptions have gripped the United States as severe weather affects several key airports. Gusty ...More

Flight interruptions have gripped the United States as severe weather affects several key airports. Gusty winds in Boston and New York have led to extensive delays, while thunderstorms in Phoenix and downpours in California have caused further operational chaos. Travelers are strongly urged to verify their flight statuses and review cancellation policies with their airlines. ...Less

The biggest misconception about no-cost EMI is that the bank doesn't charge any interest. In a no-cost EM ...More

The biggest misconception about no-cost EMI is that the bank doesn't charge any interest. In a no-cost EMI, the seller readjusts the interest amount so that the sum of all the EMIs adds up to the price you would pay upfront. However, interest still exists, and interest attracts GST. So, among A, B, and C, who would end up saving the most? Find out here. ...Less

Effective from October 1, new rules by Fema are causing apprehension over individual digital service purc ...More

Effective from October 1, new rules by Fema are causing apprehension over individual digital service purchases. Banks will now need to report imports of goods and services to the RBI to improve trade data accuracy. However, there is concern that reporting for international credit card purchases may be delayed compared to machinery transactions. This leaves consumers unsure about their obligations to report digital subscriptions to banks. ...Less

Bank of Baroda has initiated a festive campaign providing various retail and MSME loan options for custom ...More

Bank of Baroda has initiated a festive campaign providing various retail and MSME loan options for customers. The campaign includes home loan interest rates starting from 7.40% with waived processing fees for eligible borrowers. ...Less

A cybersecurity researcher observed a Chinese-speaking hacker employing AI to compromise various companie ...More

A cybersecurity researcher observed a Chinese-speaking hacker employing AI to compromise various companies' websites. The hacker utilised an AI platform called Cairn, automating complex intrusion activities without human supervision. This hacking campaign targeted over 1,200 sites, with successful intrusions taking around 23 hours on average. ...Less

As AI agents move beyond answering questions to handling everyday tasks such as payments, bookings and ma ...More

As AI agents move beyond answering questions to handling everyday tasks such as payments, bookings and managing subscriptions, users must learn to balance convenience with control. ...Less

Brazil's economy is encountering significant challenges as President Lula starts his fourth term in Janua ...More

Brazil's economy is encountering significant challenges as President Lula starts his fourth term in January. Soaring public debt and rising mandatory spending limit budget flexibility, complicating fiscal management. High interest rates and persistent inflation hinder economic growth, impacting household and business debt levels. Lula's ability to implement reforms may be constrained by a conservative Congress, complicating his agenda. ...Less

As the landscape of digital banking transforms, financial institutions are tasked with the essential chal ...More

As the landscape of digital banking transforms, financial institutions are tasked with the essential challenge of proving the worth of their innovations. The Economic Times Product of the Year Awards 2026 serve to spotlight remarkable progress in both consumer and business banking offerings. By emphasizing enhancements in accessibility and customer interaction, this accolade boosts a banking product’s competitive edge in the financial sector. ...Less

Kimberly Guilfoyle was asked to resign from her position as US ambassador to Greece following misconduct ...More

Kimberly Guilfoyle was asked to resign from her position as US ambassador to Greece following misconduct allegations. Reports suggest that she requested $100,000 from a donor to pay a credit card bill. Additionally, there are allegations about her involvement with Greek businesses funding luxury trips. The State Department inspector general’s office is investigating her conduct during the time. ...Less

OpenAI has enhanced its models to work with legacy programming languages like COBOL and Fortran. The AI a ...More

OpenAI has enhanced its models to work with legacy programming languages like COBOL and Fortran. The AI assists companies in modernising critical software systems, which often lack documentation. Recent tests showed significant improvements in accuracy for building and translating software across multiple languages. ...Less

Citigroup has reported a remarkable 40% jump in its third-quarter profits year-over-year, despite some de ...More

Citigroup has reported a remarkable 40% jump in its third-quarter profits year-over-year, despite some declines in other areas. Trading revenue took a hit, influenced by unstable market conditions, while investment banking saw a modest 9% year-on-year increase but fell substantially from the last quarter. Credit card profits faced declines due to heightened costs and loan loss provisions. Citi is wrapping up a multi-year restructuring as it aims for renewed growth. ...Less

Third-quarter revenue rose 11.8% to $12.87 billion, in line with Wall Street forecasts, but the lowest ra ...More

Third-quarter revenue rose 11.8% to $12.87 billion, in line with Wall Street forecasts, but the lowest rate of increase in nearly three years. The company forecast fourth-quarter net income of $2.79 billion and EPS of 67 cents, below the average analyst forecast of $3.07 billion and 73 cents. ...Less

Learn about the crucial impact of your credit card utilization ratio on your CIBIL score and recognize wh ...More

Learn about the crucial impact of your credit card utilization ratio on your CIBIL score and recognize what a balanced ratio looks like. Understand why managing your expenses and repayment practices is vital. ...Less

Online sales of big appliances are growing at 25% as the festive sales begin. The Kagan 2026 Asia-Pacific ...More

Online sales of big appliances are growing at 25% as the festive sales begin. The Kagan 2026 Asia-Pacific Consumer Insights survey by S&P Global Market Intelligence, conducted in June 2026 among 1,000 internet adults each in China, South Korea and India, shows that most Indian respondents still primarily make retail purchases from stores. ...Less

Kimberly Guilfoyle resigned as US ambassador to Greece after the Trump administration asked her to leave ...More

Kimberly Guilfoyle resigned as US ambassador to Greece after the Trump administration asked her to leave following allegations involving a $100,000 payment request, diplomatic conduct and private travel. Guilfoyle and her lawyers denied wrongdoing as lawmakers called for an investigation into the reported allegations. ...Less

Anthropic has launched the Claude Duet app, designed to be a reliable assistant for professionals and sma ...More

Anthropic has launched the Claude Duet app, designed to be a reliable assistant for professionals and small-business owners. This innovative tool offers scheduling meetings and drafting forecasts. Currently, access is exclusive to Claude Pro and Max subscribers in the US, ensuring that sensitive information remains secure through rigorous safety protocols. ...Less

The commentary argues that strong S&P 500 earnings growth is narrowly concentrated in AI-linked companies ...More

The commentary argues that strong S&P 500 earnings growth is narrowly concentrated in AI-linked companies and sectors benefiting from the Iran war, including energy, defence and materials. It warns that higher fuel prices, inflation and borrowing costs could weaken consumer demand, while heavy dependence on the AI boom leaves the market vulnerable if investment returns disappoint. ...Less

If FPI selling returns to the levels seen in April and May, financial sector stocks are the ones likely t ...More

If FPI selling returns to the levels seen in April and May, financial sector stocks are the ones likely to be hit the most. This would be irrespective of how the fundamentals are for the industry. The reason is simple: Higher ownership by institutional investors, especially FPIs. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components, earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members. ...Less

UN has proclaimed 2026 as the International Year of the Woman Farmer, shining a light on the importance o ...More

UN has proclaimed 2026 as the International Year of the Woman Farmer, shining a light on the importance of recognising female farmers. In India, women make up over 45% of the agricultural labour force, yet they encounter hurdles relating to land rights and income disparities. Maharashtra's recent laws aim to empower women in agriculture, but a nationwide application is critical. ...Less

Many individuals overlook the accumulated cost of multiple small subscriptions on their finances. Trackin ...More

Many individuals overlook the accumulated cost of multiple small subscriptions on their finances. Tracking these recurring payments can help users make informed financial decisions. Financial apps provide tools to identify ongoing subscriptions and their costs. Reviewing subscription value regularly can lead to potential savings and budget adjustments. Additionally, setting balance alerts can assist users in managing their funds effectively. ...Less

Half a million dollars a year should feel comfortable, but it often does not. Goldman Sachs surveyed 5,10 ...More

Half a million dollars a year should feel comfortable, but it often does not. Goldman Sachs surveyed 5,106 people aged 45 to 75 and found 36.6% of households earning above $500,000 live paycheck to paycheck. ...Less

In an interview with Kshitij Anand of ETMarkets, Jeet Marwadi, Founder and Managing Director of 1 Finance ...More

In an interview with Kshitij Anand of ETMarkets, Jeet Marwadi, Founder and Managing Director of 1 Finance, explains why reviewing loans, insurance, expenses and savings decisions can be just as important as investment selection—and why investors should seek financial advice early in their wealth journey. ...Less

People often get emotional about closing their home loan early and start using a majority of their funds ...More

People often get emotional about closing their home loan early and start using a majority of their funds to aggressively pay off this obligation. ...Less

Nomura has initiated coverage on Paytm with a Buy rating and a target price of Rs 2,250, implying an upsi ...More

Nomura has initiated coverage on Paytm with a Buy rating and a target price of Rs 2,250, implying an upside of 31%. The brokerage expects EBITDA to grow at a 96% CAGR over FY26-29F, driven by payments, merchant lending, AI-led cost efficiencies and potential UPI MDR revenue. International expansion and enterprise AI product Pi offer additional growth opportunities. ...Less

High gas prices are impacting inflation, leading to increased costs across various sectors and goods. Con ...More

High gas prices are impacting inflation, leading to increased costs across various sectors and goods. Consumers are still maintaining spending levels, indicating some economic resilience despite these pressures. Retail sales rose, driven by higher expenditures at gas stations and dining establishments. However, economists are expressing concerns regarding the long-term effects of inflation on consumer spending power. With unemployment low, spending may continue, although inflation raises potential borrowing costs. ...Less

A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate for UPI transactions to ...More

A report by IIT-Bombay professors recommends reducing the Merchant Discount Rate for UPI transactions to improve the ecosystem. The current rate of 0.40 percent should decrease to 0.08 percent for third-party application providers. Additionally, the study suggests that banks should not depend on transaction fees but use funds from CASA deposits. It emphasizes the development of necessary services to enhance trust in digital payments. ...Less

UPI MDR charges on eligible merchant transactions above Rs 2,000 have been deferred until after Diwali, w ...More

UPI MDR charges on eligible merchant transactions above Rs 2,000 have been deferred until after Diwali, with the exact implementation date yet to be announced. The proposed 40-basis-point merchant discount rate will leave more than 95% of UPI merchant transactions by volume free. The pricing change aims to generate revenue for banks and payment companies amid rising digital payments infrastructure costs. ...Less

From stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for e ...More

From stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for every day they're late. A customer earlier this year won Rs 3.21 lakh for a delayed credit card closure. Here are 5 situations where the clock ticks in your favour, with compensation ranging from Rs 100 to Rs 5,000 a day. ...Less

At a time when climate change is impacting world resources, including the aquatic system, Jalpaiguri’s Es ...More

At a time when climate change is impacting world resources, including the aquatic system, Jalpaiguri’s Essential Aquatech is working to empower smallholder fish farmers by turning data into actionable insights and measures. ...Less

Jefferies’ Chris Wood is urging investors to diversify beyond AI as earnings growth for global AI stocks ...More

Jefferies’ Chris Wood is urging investors to diversify beyond AI as earnings growth for global AI stocks is expected to slow sharply and valuations remain elevated. His Asia portfolio retains exposure to semiconductor companies while avoiding heavy AI capex spenders, with India, China and other Asian markets featuring prominently in the allocation. ...Less

SBI bank data breach: Country's largest bank, SBI, is investigating a suspected data leak involving nearl ...More

SBI bank data breach: Country's largest bank, SBI, is investigating a suspected data leak involving nearly 4,000 customer records identified on the dark web. Here is what information was exposed, whether your bank account is safe and the precautions customers should take. ...Less

Delhi Police successfully intervened to stop significant financial losses from digital arrest scams in va ...More

Delhi Police successfully intervened to stop significant financial losses from digital arrest scams in various states. The Financial Monitoring Cell traced suspicious transactions and contacted victims to prevent further payments. Several elderly people were targeted, with some initially transferring large sums of money out of fear. Intervention efforts included counseling and assisting victims in filing complaints with local cybercrime helplines. ...Less

Artificial intelligence systems like chatbots are becoming more emotionally engaging, prompting concerns ...More

Artificial intelligence systems like chatbots are becoming more emotionally engaging, prompting concerns over manipulation by users. The recent policy change by Anthropic restricts cruelty towards AI models, which has reignited debates on AI welfare and consciousness. Researchers are divided on whether AI systems deserve moral consideration, reflecting uncertainty within the industry. There are fears that recognizing AI rights may weaken human accountability for harmful actions. ...Less

When the profit a company is expected to earn gets marked down, the price the market will pay for its sto ...More

When the profit a company is expected to earn gets marked down, the price the market will pay for its stock has to come down too. That has not quite happened, which is why valuations are still high in many parts of the market. So, don’t assume all the damage is already done just because the market has had a few bad days. ...Less

Many have welcomed AI agents into their online lives, and raved about how personalized assistants like Mu ...More

Many have welcomed AI agents into their online lives, and raved about how personalized assistants like Muse can handle everyday tasks with ease - from snagging a dinner reservation or planning a trip, to organizing email inboxes. But like other AI bots, the agents are only as good as the information they have access to. They perform better the more they know about a user - and perhaps also that person's friends, family and even colleagues. That raises privacy concerns. ...Less

US President Donald Trump and Secretary of State Marco Rubio are contemplating the dismissal of Ambassado ...More

US President Donald Trump and Secretary of State Marco Rubio are contemplating the dismissal of Ambassador Kimberly Guilfoyle. Reports have surfaced alleging her involvement in questionable and possibly illegal conduct while serving in Greece. Rubio's frustration has increased due to the mounting allegations since last month. Key congressional Democrats have called for an investigation into Guilfoyle's actions and behavior. ...Less

Major US banks reported higher third-quarter profits, supported by resilient consumer spending, AI invest ...More

Major US banks reported higher third-quarter profits, supported by resilient consumer spending, AI investment and stronger trading revenue. However, executives warned that persistent inflation, elevated interest rates and geopolitical risks could strain household finances and slow economic growth. JPMorgan Chase missed earnings estimates, while Goldman Sachs, Citigroup and Wells Fargo reported stronger results. ...Less

6-month emergency fund with Rs 50,000 salary: While calculating the amount, you should count everything t ...More

6-month emergency fund with Rs 50,000 salary: While calculating the amount, you should count everything that still needs to be paid even when salary stops. So, where should you put this money and how much should you invest every month to hit the target faster? Moreover, an individual who is single and has no dependents may not need the same amount of emergency fund as someone with a family. ...Less

Indian car buyers are increasingly taking out larger and longer loans to purchase higher-priced vehicles. ...More

Indian car buyers are increasingly taking out larger and longer loans to purchase higher-priced vehicles. This trend emerges as borrowing costs are projected to rise following the Reserve Bank of India's recent rate hike. Data shows that the average vehicle loan amount has risen significantly, while the repayment tenure has also increased. Interestingly, the demand for vehicles remains strong across both urban and semi-urban markets. ...Less

US credit card spending on luxury brands fell by 6% from a year earlier in September. This marked the thi ...More

US credit card spending on luxury brands fell by 6% from a year earlier in September. This marked the third consecutive monthly decline leading up to the midterm elections. Analysts indicated that prolonged weakness in China and economic challenges affected luxury demand in the US. Spending on leather goods improved, while watches and jewellery saw further deterioration in sales. ...Less

History tells us that there is no way you can time the markets or predict its movement. But one thing can ...More

History tells us that there is no way you can time the markets or predict its movement. But one thing can certainly be said: If the macro matrix, which at this point of time is being determined by oil prices globally, stays disturbed, the bears will rule the street for some more time. ...Less

iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max offer prices: Flipkart and Reliance Digital are selling iPhon ...More

iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max offer prices: Flipkart and Reliance Digital are selling iPhones at lower festive prices, but the lowest figures depend on exchange value and bank offers. Launch prices, listed prices and effective prices are set out side by side so buyers can see what they will actually pay. Amazon has not announced a separate iPhone price. ...Less

US bank stocks are nearing correction territory ahead of earnings, with investors watching for clues on c ...More

US bank stocks are nearing correction territory ahead of earnings, with investors watching for clues on consumer resilience amid elevated borrowing costs and rising Treasury yields. While trading revenue is expected to remain strong, analysts are divided on the outlook, weighing potential relief rallies against macroeconomic risks and growing concerns over credit affordability. ...Less

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RBL Bank reported a significant increase in net profit for the September quarter of 2026. The bank achiev ...More

RBL Bank reported a significant increase in net profit for the September quarter of 2026. The bank achieved a 37% growth in net interest income, achieving Rs 2,131 crore. Net advances grew by 42%, while deposits rose by 34%, supported by FCNR(B) inflows. However, margins are expected to moderate as these deposits fully impact the balance sheet. ...Less

NPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0. ...More

NPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0.4% fee on eligible bank account-funded merchant payments above Rs 2,000, capped at Rs 300 per transaction. ...Less

CashKaro data from six days of festive sales shows GMV up about 18x over a comparable regular period. Sma ...More

CashKaro data from six days of festive sales shows GMV up about 18x over a comparable regular period. Small cities, Telegram groups and smart shoppers stacking savings helped drive the surge, as fashion and electronics outpaced mobiles. ...Less

An IIT Kanpur graduate with over 20 years of IT experience, Gautam Dev has been unable to find a full-tim ...More

An IIT Kanpur graduate with over 20 years of IT experience, Gautam Dev has been unable to find a full-time job for nearly two years after quitting his software engineering role in Dallas rather than relocating. With his savings exhausted, credit card debt mounting and rent becoming difficult to afford, he has turned to gig work to make ends meet. Now, the 61-year-old is considering returning to India as he struggles to rebuild his financial stability. ...Less

American Express received a fine of $350 million due to failures in their anti-money laundering complianc ...More

American Express received a fine of $350 million due to failures in their anti-money laundering compliance programs. The US Office of the Comptroller of the Currency and the Federal Reserve announced this enforcement action. The company reportedly failed to identify and report suspicious activities, amounting to roughly $13 billion over the past decade. Specifically, their customer due diligence practices and identification measures were deemed inadequate. ...Less

Southwest Airlines is evaluating the Boeing 787 Dreamliner as its potential first widebody jet. The airli ...More

Southwest Airlines is evaluating the Boeing 787 Dreamliner as its potential first widebody jet. The airline has maintained discussions concerning long-haul international flights and its fleet expansion strategy. It is also exploring options to acquire aircraft through lessors or the secondary market. Southwest currently operates an all-Boeing 737 fleet, while Airbus is also being considered for future needs. ...Less

A bank can afford to give an affluent customer a highly rewarding credit card if that card helps persuade ...More

A bank can afford to give an affluent customer a highly rewarding credit card if that card helps persuade the customer to consolidate assets with the lender. The other advantage is that a credit card is one of the most visible products a bank gives a customer. Every transaction reinforces the relationship with the bank. ...Less

Randy Gilson purchased a derelict building on Pittsburgh's North Side and created Randyland over thirty y ...More

Randy Gilson purchased a derelict building on Pittsburgh's North Side and created Randyland over thirty years. His efforts involved using discarded materials to enhance the neighborhood's aesthetic. Community involvement in such grassroots art projects improves social capital among residents. The phenomenon reflects a broader trend of citizen-led urban improvements that encourages civic pride. Projects like Randyland highlight the importance of authenticity and community in contemporary urban life. ...Less

Federal agents searched Ilhan Omar's home, focusing on her childhood immigration documents and financial ...More

Federal agents searched Ilhan Omar's home, focusing on her childhood immigration documents and financial disclosures. The investigation concerns significant discrepancies in reported asset values between years, raising questions about financial conduct. While federal scrutiny has surrounded Omar for years, she has denied any wrongdoing regarding marriage fraud allegations. Authorities have not disclosed specific evidence sought or potential charges related to the investigation. ...Less

The Aura World Tour is coming to India, with Diljit Dosanjh set to perform across seven cities in Novembe ...More

The Aura World Tour is coming to India, with Diljit Dosanjh set to perform across seven cities in November and December. After Ahmedabad was announced as the tour’s India debut, six more stops have now been added, while Chandigarh remains without a date. Here’s the complete city-wise schedule, ticket sale details, RuPay pre-sale information and venue updates fans need to know. ...Less

The woman had earlier appealed in the district commission which held that she did not qualify as a consum ...More

The woman had earlier appealed in the district commission which held that she did not qualify as a consumer and that the complaint was not maintainable on the ground that investment in shares is a commercial activity. Then why did she won in the State Consumer Commission? Find out in this article. ...Less

The Finance Ministry on Tuesday asked private sector banks to step up participation in financial inclusio ...More

The Finance Ministry on Tuesday asked private sector banks to step up participation in financial inclusion schemes, including PMMY and Stand Up India. Financial Services Secretary Sanjay Lohiya urged banks to support the upcoming saturation campaign, expand digital outreach, improve loan processing, strengthen insurance claim awareness and address grievances. ...Less

Indian households are increasingly opting for secured loans, particularly against gold, which surged sign ...More

Indian households are increasingly opting for secured loans, particularly against gold, which surged significantly. Credit card dues and consumer durable loans have shown minimal growth, reflecting a shift in borrowing behavior. Personal loans continue to grow, contributing substantially to overall bank credit, which rose markedly. Loans against gold jewellery increased substantially in percentage terms, likely aided by a favorable base effect. ...Less

Thanks to the US-Iran conflict, the economy has been dealing with higher oil prices for close to seven mo ...More

Thanks to the US-Iran conflict, the economy has been dealing with higher oil prices for close to seven months. And if inflation starts to creep up, its impact will be felt by many businesses, and banking would be no different. ...Less

As India's digital ecosystem experiences rapid transformation, it is imperative to enhance support for th ...More

As India's digital ecosystem experiences rapid transformation, it is imperative to enhance support for the growing presence of AI agents in business and services. By tackling the obstacles within the navigational framework, costs for these agents can be significantly lowered. Revamping e-commerce catalogs and improving data availability will optimize purchase processes. ...Less

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According to a report by Emkay Research, Indian banks might report a 25.4 percent year-on-year increase i ...More

According to a report by Emkay Research, Indian banks might report a 25.4 percent year-on-year increase in net profit. Higher foreign currency deposits could exert pressure on lending margins, impacting profitability. Loan growth remains healthy, contributing to income increases and reduced provisions for loan losses. Overall banking system growth is anticipated to moderate as FCNR-B funding normalizes. ...Less

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Apple Pay initially supports Visa and Mastercard credit cards issued by Axis Bank. Other large card issue ...More

Apple Pay initially supports Visa and Mastercard credit cards issued by Axis Bank. Other large card issuers, including HDFC Bank, ICICI Bank and SBI Card, are currently not live on the service. ...Less

New regulations from the Reserve Bank of India will mandate reporting of international credit card transa ...More

New regulations from the Reserve Bank of India will mandate reporting of international credit card transactions starting October 1. Consumers may need to provide details on all payments for services purchased abroad, leading to potential compliance challenges. The existing framework lacks clarity on how individuals will report these transactions to banks. While international credit card purchases are part of the Liberalised Remittance Scheme, the reporting process remains unclear. ...Less

Before he started his own business, Brian Chesky was busy designing industrial products in Los Angeles af ...More

Before he started his own business, Brian Chesky was busy designing industrial products in Los Angeles after graduating from the Rhode Island School of Design. His time in school really inspired him since he learned that designers have the power to make a real difference in the world, pushing him toward his entrepreneurial dreams. ...Less

The Global Trade Research Initiative has urged the government to withdraw the proposed UPI charges set fo ...More

The Global Trade Research Initiative has urged the government to withdraw the proposed UPI charges set for October 15. Introducing fees on UPI transactions may adversely affect small businesses and consumer spending. Maintaining free UPI supports broader digital payments and benefits banks and payment apps. The anticipated changes could lead to higher prices for consumers and reduced earnings for merchants. ...Less

Apple Pay was launched in India after significant regulatory developments by the Reserve Bank of India. T ...More

Apple Pay was launched in India after significant regulatory developments by the Reserve Bank of India. This new payment option allows users to pay securely without needing an OTP, which can facilitate fraud. The RBI has shifted towards regulating outcomes rather than prescribing specific technologies for digital payments. While Apple Pay currently does not support RuPay or UPI, it shows how regulation can foster innovation. ...Less

US equity indexes fell, influenced by megacap technology stocks and concerns regarding OpenAI's revenue p ...More

US equity indexes fell, influenced by megacap technology stocks and concerns regarding OpenAI's revenue performance. The Nasdaq 100 and S&P 500 saw declines as the yield on the 10-year Treasury rose. Additionally, increased oil prices and energy supply fears contributed to market pressure. Federal Reserve comments indicated potential for further interest rate increases, impacting credit sectors. A rise in economic-policy uncertainty reflects growing concerns among investors amid upcoming election dynamics. ...Less

Kimberly Guilfoyle allegedly approached Republican donor Eric Deters for financial assistance ahead of he ...More

Kimberly Guilfoyle allegedly approached Republican donor Eric Deters for financial assistance ahead of her Senate hearing. She requested $100,000 to be paid directly to her American Express account to avoid a record. Deters reportedly refused, citing personal consequences, while he had previously paid her $300,000 for speaking engagements. Guilfoyle's attorney questioned the authenticity of communications without giving further details. ...Less

Nithin Kamath’s financial philosophy centres on learning from debt, maintaining cash reserves and investi ...More

Nithin Kamath’s financial philosophy centres on learning from debt, maintaining cash reserves and investing with discipline. After a Rs 20,000 credit card debt took him five years to repay, he stayed away from credit cards for nearly a decade. One common thread in all of his financial advice or lesson is to have enough cash reserves. Apart from this his investment approach focuses on suitable asset allocation, low-cost index funds, regular investing, rebalancing and staying invested. ...Less

Prosus has held exploratory talks to invest in Kiwi, which offers bank-issued RuPay credit cards and cred ...More

Prosus has held exploratory talks to invest in Kiwi, which offers bank-issued RuPay credit cards and credit lines for Unified Payments Interface (UPI) payments and is looking to raise around $40 million, the people said. ET reported last week that Kiwi was in the market for fresh funding. ...Less

Many travelers fail to account for hidden costs while planning international journeys, often only conside ...More

Many travelers fail to account for hidden costs while planning international journeys, often only considering major expenses. These overlooked charges can hike trip costs by 25-40%, creating budget overruns. It's vital to include local transport, dining, and extra fees in your budget to avoid unexpected financial surprises. Employing effective budgeting techniques ensures a smoother and more enjoyable experience abroad. ...Less

Apple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank c ...More

Apple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank credit cards. Users can add their Visa and Mastercard credit cards to Apple Pay to facilitate these payments. The service provides a secure and private method for transactions without requiring PINs or OTPs. This launch marks a significant expansion in digital payment options available to Indian consumers. ...Less

A piece of advice for those who still have the stomach to invest in the current volatile market. Don’t ta ...More

A piece of advice for those who still have the stomach to invest in the current volatile market. Don’t take any price action as the gospel truth; look beyond the index movements. And, finally, be both cautious and selective in your stock picks. ...Less

Four retirees tell us how they planned for a market fall long before it came. What these four individuals ...More

Four retirees tell us how they planned for a market fall long before it came. What these four individuals did smartly was not adjust their portfolio strategies based on market conditions, but control and plan for three key variables: how large the corpus is relative to annual spending, how many years of expenses are insulated from equity, and how diversified the portfolio is across asset classes. ...Less

For quite some time now, it has become increasingly hard to make sense of what is happening in the world. ...More

For quite some time now, it has become increasingly hard to make sense of what is happening in the world. The old understanding of what is sensible and nonsensical has vanished, and things once kept hidden in the darkest corners are now done openly by those in charge of the most powerful places on earth. So, for the next two-and-a half years, until this phase of global politics runs its course, we will continue to see the kind of surprises that no business can plan for. ...Less

Apple Pay has officially made its debut in India, providing a seamless contactless payment experience for ...More

Apple Pay has officially made its debut in India, providing a seamless contactless payment experience for users. With Axis Bank Visa and Mastercard credit cardholders now able to use Apple Pay, transactions can be completed effortlessly at various merchants. This innovative service ensures security while shopping online and in-store without the hassle of PINs or OTPs. ...Less

Why US Treasury yields are hitting 2002 highs? U.S. Treasury yields are rising again. The Federal Reserve ...More

Why US Treasury yields are hitting 2002 highs? U.S. Treasury yields are rising again. The Federal Reserve is one reason. It isn't the only one. The government is issuing more debt. Companies are also selling more bonds. Investors are demanding higher returns. Inflation remains a concern. That is pushing yields higher across the Treasury market. The 10-year yield is above 5.3%. The 30-year yield is near 5.7%. Both are at levels last seen in 2002. ...Less