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3 mins read

Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report

As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…

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2 mins read

India Inc. stares at an earnings dearth in Q2, FMCG, auto, and consumer durables falter

Indian companies, particularly in consumer-focused sectors, faced a challenging second quarter due …

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Indian markets under pressure as global rate cuts stir uncertainty, new report says

Indian markets experienced volatility as global economic shifts and political developments impacted…

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China just announced an $1.4 trillion plan to rescue its local governments

Friday's announcement is the latest in a string of stimulus measures China has taken to turn around…

Huileng Tan   


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1 min read

Moscow will reportedly block sales of Western banks to Russian firms, leaving them with no exit

Western banks still operating in Russia are facing and increasingly difficult path to an exit.

Filip De Mott   


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LIC increases stake in Bank of Maharashtra from 4.05 percent to 7.1 percent through QIP

Life Insurance Corporation of India (LIC) has increased its stake in Bank of Maharashtra, the compa…

ANI   


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As Elon Musk's battle with the Brazilian government intensifies, another of his companies is facing trouble

First, a top Brazilian judicial official blocked access to X. Now, new reports indicate that the Sp…

Katherine Tangalakis-Lippert   


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Paytm shares jump 5% on receiving government's nod for investment in Paytm Payments Services

The company will reapply for a payment aggregator (PA) licence, a regulatory filing said on Wednesd…

PTI   


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11 mins read

Big banks promised to protect the planet. Now they're doing an about-face.

Big banks and asset managers are a powerful force in fighting the climate crisis, but many of them …

Catherine Boudreau   


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11 mins read

I was scammed out of $300K in a 3-month-long government impersonation scam

Over the course of 3 months, a 28-year-old woman was scammed out of over $300,000. When she realize…

Jane Zhang   


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1 min read

Chinese state-owned banks are propping up the yuan while the central bank signals currency weakness

Chinese banks have frequently sold dollars in the currency market this year to stem the yuan's decl…

Aruni Soni   


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3 mins read

Billionaire investor Ray Dalio has a solution for China, but it'll need Beijing to radically remake its own rules

Dalio, whose company runs the biggest foreign hedge fund in China, says the country needs to start …

Matthew Loh   


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Who is Donald Tang, the public face of Shein, who employees know better than their own company's CEO?

Donald Tang is considered the most "visible leader" of the Singapore-based company currently embroi…

Hannah Getahun,Katherine Tang…   


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4 mins read

Ukraine's IT army is a 'world first' in cyberwarfare but it's a major gamble for the government, experts say

Ukraine's IT army says it has launched thousands of attacks on Russian organizations since Russia l…

Cameron Manley