Banking industry
Indian equity benchmarks witnessed a significant decline on Monday, with the Sensex and Nifty ending in the red. The market began on a negative note, following the Reserve Bank of India's (RBI) data showing a $6.687 billion decline in the country's foreign exchange reserves to
Banking industry
The recent surge in milk prices is expected to fuel a rise in retail inflation in August, with a weightage of 16.92 per cent in the consumer food price index. Analysts predict that inflation may dip below 6 per cent by the fourth quarter of the financial year, potentially
Banking industry
The Small Industries Development Bank of India (SIDBI) has partnered with Tata Power's subsidiary, TP Renewable Microgrid (TPRMG), to launch 1,000 green energy enterprises across India. The initiative aims to promote sustainable entrepreneurship models and empower rural entrepreneurs by providing them with affordable green energy solutions and
Banking industry
Major commercial banks in India are increasing interest rates on fixed deposits in response to the Reserve Bank of India's (RBI) revised benchmark lending rates. This move aims to capitalize on the expected surge in credit demand during the festive season and subsequent months. At least seven prominent
Banking industry
The Reserve Bank of India (RBI) has continued to hike the repo rate to combat inflation and suck out excess liquidity, with analysts at CareEdge expecting interest rates to continue their upward march. This tightening of monetary policy is aimed at bringing down inflation, which remains above the RBI'
Banks (Finance)
Rising inflation, high interest rates, and fears of recession have significantly impacted consumer discretionary stocks, making them the weakest-performing sector of the market so far this year. The S&P 500 Consumer Discretionary index has declined 18.2% year-to-date through August 10. Bank of America analysts attribute this trend
Banks (Finance)
Elon Musk, the billionaire entrepreneur, has submitted subpoenas to JPMorgan Chase and Goldman Sachs, seeking information on the banks' role in advising Twitter during the negotiations for Musk's $44 billion bid to acquire the social media platform. The move comes after Twitter issued dozens of subpoenas against
Banking industry
India's central bank has hiked interest rates for the third time in four months, as the country's economy grapples with a widening trade deficit and a weakening currency. The Reserve Bank of India (RBI), led by Governor Shaktikanta Das, raised its key lending rate by 50
Banking industry
As global economies confront the headwinds of an aging workforce, muted investment, and emerging market challenges, renowned economist Raghuram Rajan suggests that there are tailwinds waiting to be unleashed in the form of service trade and green investments. With technological advancements and collaborative certification processes, the world can unlock a
Banking industry
India's stock indices saw a surge in Friday's trading session, with the Nifty and Sensex ending 1.35% and 1.25% higher, respectively. This helped the benchmarks post their best monthly gains in 20 months. Analysts are now eyeing the Reserve Bank of India's
Banking industry
The Reserve Bank of India's (RBI) data for the fortnight ended July 15 reveals a significant 13.46% year-on-year (y-o-y) growth in non-food credit outstanding to Rs 122.45 trillion. This growth, sustained above 12% since June, is a testament to the Indian banking sector's resilience.
Banking industry
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted Bank of India's petition to admit Future Retail Ltd under the Corporate Insolvency Resolution Process (CIRP), appointing Vijay Kumar Iyer as the interim resolution professional (IRP). The court rejected Amazon.com NV Investment Holdings' application
