[ad_1] MUMBAI: RBI deputy governor Rajeshwar Rao said that shift in household savings to mutual funds and capital markets can change the character of deposits for banks having implication on cost of funds and margins for banks.“Recent trends indicate a shift in household preference to financial assets for saving purposes leading to movement of these…
[ad_1] Donald Trump (File photo) Relief that Donald Trump will hold off from imposing China-specific tariffs on his first day in office propelled US equity futures higher on Monday. The dollar slumped. The new administration has pivoted toward starting his second term with potential engagement with Beijing rather than another trade war. Trump plans to…
[ad_1] MUMBAI: Small-ticket personal loans under Rs 10,000 showed higher delinquency rates than larger loans, with peak defaults occurring among those who took loans between Dec 2023 and June 2024, data for Sept quarter of FY25 showed. Fresh loan originations in this segment were dominated by NBFCs, which lent to new borrowers outside the top…
[ad_1] NEW DELHI: When government agencies noticed a flood of calls from Indian phone numbers being used for frauds, the telecom department (DoT) and companies responded with “International Incoming Spoofed Calls Prevention System” which was used to block 70% of the “spoofed calls”, with a large number originating overseas.The result: From 1.5 crore calls a…
[ad_1] MUMBAI: RBI sold $20 billion from its forex reserves to stabilise the rupee in Nov, data released by the central bank on Friday showed.Even as market participants try to gauge the level at which RBI would decide to hold back from depleting its reserves and look at other strategies, foreign brokerage Nomura sees headroom…
[ad_1] TORONTO: Nate Anderson, the short-seller who has announced shutting down of research firm Hindenburg, is under cloud for alleged links with hedge funds in preparing reports targeting companies, a Canadian portal said citing documents filed before a court in Ontario.In a cache of documents filed at the Ontario Superior Court of Justice in a…
[ad_1] Melania Trump announced the launch on X (formerly Twitter). (Image source: @MELANIATRUMP X) $MELANIA meme coin: US President elect Donald Trump’s wife Melania Trump has launched her own cryptocurrency, the $MELANIA meme coin, early Monday, shortly after her husband’s launch of the $TRUMP memecoin. Melania Trump announced the launch on X (formerly Twitter), posting:…
[ad_1] NEW DELHI: India’s online food delivery and restaurant discovery platform Zomato saw a 57% drop in its third-quarter profit, as increased spending on its quick commerce platform, Blinkit, continued to weigh on margins. The company reported a consolidated net profit of Rs 590 million (£4.8 million) for the quarter ending December 31, down from…
[ad_1] NEW DELHI: IDBI Bank on Monday reported a robust 31% year-on-year increase in net profit, reaching ₹1,908 crore for the December 2024 quarter. The rise in profit was attributed to reduced provisioning and higher interest income. In the same period last year, the LIC-controlled bank had recorded a net profit of ₹1,458 crore.According to…
[ad_1] Both the New York Stock Exchange (NYSE) and Nasdaq will suspend operations for the holiday. (AI image) MLK Day 2025 stock markets: The US stock markets will be closed on Monday, January 20, 2025, to observe Martin Luther King Jr. Day, a recognised federal holiday.President Ronald Reagan officially established this commemoration through legislation signed…
