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1 min read

MobiKwik gains market share, becomes largest Wallet player

MobiKwik on Monday said it has become the largest digital financial services platform in terms of P…

PTI   


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2 mins read

Stock market today: Stocks soar as investors cheer soft PPI and brace for consumer inflation data

Stocks surged as investors were encouraged by cooler producer inflation. The Dow rose 400 points an…

Filip De Mott   


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2 mins read

AR smart lens developer Mojo Vision lays off 75% of its workforce

AR smart lens developer Mojo Vision has slashed 75 per cent of its workforce across a variety of de…

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Payments Council of India approaches government over central bank’s directive on credit lines

RBI had issued the circular after commercial banks had approached it over a likely breach of r…

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2 mins read

One of the biggest drivers of inflation slowed massively in February

The Producer Price Index rose 0.8% last month, slowing from January's 1.2% leap and landing below t…

Ben Winck   


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2 mins read

Prices for business owners are skyrocketing and it hints that inflation isn't slowing down any time soon

The Producer Price Index — a closely watched measure of business costs — soared 1% in January, doub…

Ben Winck   


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Samsung and Stanford University have developed an OLED display with 10,000 PPI

The new OLED displays would be ideal for virtual reality (VR) and augmented reality (AR), creati…

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2 mins read

The RBI is butting heads with the central government over a proposal to establish an independent payments regulator

In a rare move, the Reserve Bank of India went public on 19 October about its disagreement with a…

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1 min read

Here Comes PPI ...

Expectations are for prices to fall 0.4% in December from the prior month, with prices expected to …

Myles Udland   


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1 min read

Here Comes PPI...

In July, PPI grew 0.1% and 0.2% excluding food and energy, and on a year-over-year basis the index …

Myles Udland   


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Lloyds Bank is setting aside an extra £1 billion for PPI claims

The group said "marginally lower income and increases in the impairment charge and operating lease …

Ben Moshinsky   


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1 min read

HERE COMES THE NEW PPI...

"The old index measured goods prices only, capturing about 30% of the economy, while the new one me…

Matthew Boesler   


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2 mins read

Lloyds: PPI claims will cost us another £500 million

The bank said "a number of risks and uncertainties remain," because a lot of the PPI complaints wer…

Ben Moshinsky   


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2 mins read

Lloyds is paying the financial regulator £117 million for mishandling PPI complaints

The Group apologises for the impact on those customers affected and accepts that part of its compla…

Lianna Brinded   


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3 mins read

Barclays defies profit expectations despite forking out a £600 million bill for misselling PPI

"The growing momentum in attaining our strategic goals means we can feel optimistic of our prospect…

Lianna Brinded   


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3 mins read

PPI claims companies have creamed up to £5 billion off mis-selling payouts

Britain's financial regulator notes that more than 95% of all repayments on PPI have been made by j…

Oscar Williams-Grut   


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1 min read

US Suppliers Rank General Motors As Worst Automaker: Survey

According to ‘Tier 1’ suppliers, GM is now their least favourite major customer. They gave GM low m…

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3 mins read

Banks have paid four times the cost of the London 2012 Olympics for PPI mis-selling

Barclays new CEO Jes Staley admitted as much in a memo sent to staff last month that was obtained b…

Oscar Williams-Grut   


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Here Comes Producer Prices...

Core producer prices (ex food and energy) are expected to rise 0.1% on the month and 1.3% on the ye…

Mamta Badkar   


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1 min read

Producer Prices Miss Expectations, Come In Flat

Investors track this number because it acts as an indicator for commodity prices in the manufacturi…

Mamta Badkar