finance
Top Stories
A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
The growth rate of bank deposits in India has been slowing, largely outpaced by credit growth. But despite increasing investments in mutual funds and equities, deposits are influenced more by credit growth and interest rates. Read on to know how household and government deposits have seen only a marginal decline, and not had a major impact on overall deposit figures.
Bradley Saacks,Alex Morrell
Emmalyse Brownstein
Latest Stories
1 min read
Apollo just set a goal to manage $1.2 trillion in private loans by 2029. These 7 slides show how it will get there.
Indeed, private lenders like Apollo are increasingly providing investment-grade lending to large co…
Alex Nicoll
1 min read
A longtime Bridgewater investor is launching a hedge fund. Here's a look inside Paul Podolsky's Kate Capital.
Billionaire Ray Dalio described Podolsky as a "quality man and a quality investor" in a statement t…
Bradley Saacks
1 min read
Bill Gates calls for higher taxes on the rich — but warns against crushing the American dream
Bill Gates said his ideal tax system would slash his net worth by 62% or about $100 billion, but st…
Theron Mohamed
3 mins read
Attention! Here's what's changing with your PPF, F&O trading, and buybacks, starting today!
The interest rates on various small savings schemes were left unchanged by the Finance Ministry for…
1 min read
Wall Street rising stars: 25 top young investors, traders, and dealmakers at firms like Goldman Sachs, Blackstone, and JPMorgan
These young professionals reflect the future of finance. A number of them are shaping the future of…
Alex Morrell,Alex Nicoll,Bian…
3 mins read
Is this a good time to invest in gold? Here's what experts are saying
Going ahead, the markets are anticipating that the Fed will further bring down interest rates again…
2 mins read
5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco
LVMH's Bernard Arnault, Kering's François Pinault, the L'Oréal heiress, and the brothers behind Cha…
Theron Mohamed
3 mins read
An uncertainty guru says investors can't dismiss doubt — and even Warren Buffett's success may be down to luck
Don't ignore doubt even if Elon Musk or John Paulson are making predictions — and investors like Wa…
Theron Mohamed
1 min read
900 workers will share a $75 million pot after KKR sale — with some getting $325,000 windfalls
GeoStabilization International will divide $75 million with workers following its sale by KKR after…
Nora Redmond
2 mins read
LVMH's Bernard Arnault set to overtake Mark Zuckerberg as the world's 3rd-richest person after $24 billion wealth surge
China's stimulus plans have lit a fire under LVMH stock, boosting CEO Bernard Arnault's net worth f…
Theron Mohamed
2 mins read
Credit card growth experiencing a slowdown, as borrowers struggle to pay back loans
Growth in credit card spending across the system has dropped to about 13% year-on-year (y-o-y) in A…
1 min read
Attention, folks! Bank will remain closed on these days in October 2024
Here's a list of all , both nationwide and state-wise bank holidays you should know about so that y…
2 mins read
Elon Musk is $100 billion richer than in April thanks to Tesla's stock surge — and worth more than McDonald's or Pepsi
Tesla CEO Elon Musk has staged a $100 billion comeback after a $65 billion wealth drop in the sprin…
Theron Mohamed
3 mins read
Attention! Here's what's changing with your PPF accounts starting 1st October, 2024
Note that if you have opened a second PPF account on or after December 12, 2019, you are not eligib…
2 mins read
A surfer without a degree is worth $16 billion after his biotech company's stock soared 1,100% in a year
Bob Duggan, 80, has gone from baking cookies to building robots, investing in biotech companies, an…
Theron Mohamed
2 mins read
Net NPAs of Indian banks dropped by 24.9% and Gross NPAs by 15.2% as of June 2024: CareEdge
The gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) fell by 15.2 per cent …
2 mins read
SBI aims to become first financial firm to cross milestone of Rs 1 lakh crore profit: Chairman
SBI recorded a standalone net profit of Rs 61,077 crore in FY24, registering a growth of 21.59%.
4 mins read
Don't hate billionaires like Jeff Bezos — they make our lives better, 2 experts say
The super-wealthy are criticized by some, but two academics say many billionaires become rich by im…
Theron Mohamed
1 min read
Indian startup finance ecosystem still going strong, report shows over 50% growth in VC funding over last year
Indian startups secured $7.5 billion in venture capital funding from January to August 2024, markin…
2 mins read
Jamie Dimon says he likes Elon Musk's idea to start a DOGE, or Department of Government Efficiency
Dimon said Musk's proposed department of government efficiency is a "very good idea," and "governme…
Aditi Bharade
2 mins read
Mark Zuckerberg is now worth $200 billion, putting the Meta CEO in the world's most exclusive club
Mark Zuckerberg just joined Elon Musk and Jeff Bezos in the $200 billion club after adding $72 bill…
Theron Mohamed
3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…