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Domestic gold prices surge 10% amid global price rally, central bank buying: World Gold Council
The reduction in import duty has ignited a resurgence in gold demand across India. Reports from the…
ANI
Fast cross-border payments to make it difficult to check money laundering, terror funding: Fed official
The US Fed official overseeing payment systems said slowing down the speed at which payments are cl…
PTI
Banks and the federal government point fingers as Americans lose billions to online scams
Banks and the federal government are debating the best way to address rampant online scams, which h…
Kenneth Niemeyer
Anil Ambani's Reliance Group starts transformation journey, achieves near zero-debt
Reliance Infra announced a significant reduction in standalone external debt, lowering it from Rs 3…
PTI
Simply Put: A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
Indians seem to be depositing less money in banks, and everyone's blaming the stock markets. But ar…
BBG Ventures raises $60 million for its latest fund and moves beyond just backing female founders
BBG Ventures raises a $60 million fund and adds new investors like Pivotal Ventures, California End…
Leena Rao
Not just Fed, but central banks of these countries also tinkered with rate cuts this week
The US Federal Reserve cut interest rates by 50 basis points, causing global markets to surge. Cent…
Sensex, Nifty surge on rally in US markets, foreign fund inflows
The NSE Nifty soared 187.45 points or 0.76 % to 25,010.60. Among the 30 Sensex firms, HCL Technolog…
FADA urges banks to tighten funding to dealers as rains play spoilsport in August
Auto sales in India experienced a significant decline in August 2024, primarily due to excessive ra…
The Federal Reserve gives Americans another interest rate cut
Two days after Donald Trump won the presidential election, the Federal Reserve announced a 25-basis…
Ayelet Sheffey
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 …
Federal Bank raises ₹3,099 crore via qualified institutional placement
The board approved the allotment of 23.04 crore shares with a face value ₹ 2 each to eligible quali…
PTI
Rupee hits record low of 84.23 against US dollar amidst US elections 2024
The Indian rupee hit a record low against the US dollar due to foreign fund outflows and a strong d…