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2 mins read
Sensex, Nifty close lower amid massive selling in heavyweight stocks, mixed global cues
Mumbai's Sensex and Nifty indices fell for the sixth consecutive session, influenced by significant…
PTI
1 min read
Bank stocks soar after Donald Trump's election victory
Shares of the biggest US lenders soared Wednesday after the election, as markets eye looser regulat…
Jennifer Sor
1 min read
Russian banks say they're run out of yuan as Chinese firms pull away from the nation
Payment scuffles between Russian companies and Chinese banks have escalated in recent weeks, with C…
Jennifer Sor
3 mins read
Russia's defense sector is running on overdrive — but firms are warning of bankruptcy
Russia has almost tripled defense spending for the Ukraine war, but rising inflation and interest r…
Thibault Spirlet
3 mins read
Time to push divestment of state-owned banks, says SBI report
With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…
PTI
7 mins read
Millennials are hoarding cash. That could hurt them in the long run.
Millennials are holding onto a lot of cash instead of investing that money in the stock market. Tha…
Callie Cox
4 mins read
Republicans are mobilizing expat votes for Trump in Israel, hoping to tip the scale in battleground states
Republicans in Israel are targeting the country's American expat community—the world's fourth-large…
Joshua Nelken-Zitser
9 mins read
The 2024 presidential election may come down to swing states' results. Here's where Trump and Harris lead in the polls.
Election results in the swing states of Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsyl…
John L. Dorman,Kelsey Vlamis
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…
3 mins read
RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets
The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…
2 mins read
Markets end FY24 on buoyant note amid positive global cues
The NSE Nifty climbed 203.25 points or 0.92 per cent to end at 22,326.90. In the 2023-24 fin…
PTI
2 mins read
Sensex, Nifty snap 3-day winning run on selling in IT, banking shares
The broader Nifty of NSE declined 92.05 points or 0.42 per cent to 22,004.70 as 30 of its consti…
PTI
2 mins read
Russia's central bank and lenders tell each other to resolve the country's yuan supply squeeze
Russian banks are urging Russia's central bank to increase yuan liquidity through swaps. The centra…
Huileng Tan
1 min read
Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan
Yuan availiability is shriveling up in Russia as US sanctions have pushed Chinese lenders away from…
Filip De Mott
1 min read
HDFC Bank shares plunge over 8% post Q3 earnings; mcap erodes by Rs 1 lakh crore
Shares of HDFC Bank fell by over 8 per cent on Wednesday, eroding Rs 1 lakh crore from its market v…
PTI
2 mins read
Americans running out of unemployment benefits and part-time jobs at record levels point to a recession coming, economist says
Part-time gig workers are making the job market appear stronger than it actually is, according to D…
Jennifer Sor
1 min read
SBI net profit declines 35% to Rs 9,164 crore in Q3
India's largest lender State Bank of India on Saturday reported a 35% fall in standalone net profit…
PTI
3 mins read
Stock market closing: Nifty, Sensex close the day in red, IT, Media gain major ground
As for sectoral indices, IT (up by 1.17%) and Media (up by 1.05%) gained during the day, while FMCG…
2 mins read
Customers at several small-sized banks affected as tech provider C-Edge suffers ransomware attack
The issues are being faced for the last two days after the discovery of a breach of the system…
PTI
3 mins read
Raising massive financial resources for net-zero goal unprecedented challenge: Economic Survey
Reaching net zero means achieving a balance between greenhouse gas emissions and the amount of thes…