India regards the United States as one of our most reliable trade partners: Piyush Goyal
US-India relations are growing in trade, technology, and investment. Union Minister Piyush Goyal emphasized the importance of these ties. Recent MoU on critical minerals, regular trade forums, and high-level meetings highlight this partnership. The focus is also on reskilling technical personnel for AI collaboration. Both nations engage frequently, transcending politics.
BSE to discontinue weekly contracts on Bankex, Sensex 50
The weekly index derivatives contracts on Sensex 50 will be discontinued with effect from November 14 end of day while Bankex will be discontinued from November 18.
Piramal Finance aiming for ‘predictable profitability’: MD
The finance company is likely to move towards “predictable profitability” by the end of this fiscal year as it shrinks its legacy book, which is expected to decrease the volatility in the earnings number, he said. Consistency in earnings is a factor that most investors have preferred over surprises.
Small finance banks, microfinance lenders cap loans to curb excess borrowing
Small finance banks and microfinance lenders are setting a cap of four live loans per borrower. This is a precautionary step to avoid defaults due to unsecured loan stress. The RBI has already raised concerns about rising delinquency levels and multiple live loans, prompting this move. Utkarsh Small Finance Bank follows this four-loan cap policy.
Bulls huddle in bunkers as West Asia crisis explodes
The NSE Nifty dropped 2.12%, or 546.80 points, to close at 25,250.10. The BSE Sensex fell 2.10%, or 1,769.19 points, to close at 82,497.10. This is the highest fall in a day since August 5. Apart from JSW Steel and ONGC, all other Nifty stocks closed lower on Thursday. Both indices have declined over 3% […]
MUFG rejoins Yes Bank race, submits initial bid for a majority stake
Japan’s MUFG has re-entered the race to acquire a majority stake in Yes Bank after its proposal to invest in HDB Financial was rejected. MUFG has submitted a non-binding offer and is conducting due diligence, negotiating mainly with Yes Bank and SBI.
Rupee suffers worst fall in two months, closing at 83.96 vs US dollar
The local unit weakened 14 paisa for the fourth consecutive day and ended at 83.96 per US dollar, versus its previous close of 83.82/$1, LSEG data showed. Likely central bank intervention kept the local currency from crossing the 84/$1 mark, traders said.
MPC’s new members may stay with RBI’s view on inflation
On Tuesday, the government reconstituted the six-member MPC, appointing three new external members for a four-year term. The new members are Ram Singh, Saugata Bhattacharya and Nagesh Kumar. Singh is director, Delhi School of Economics, Bhattacharya an independent economist, was formerly chief economist at Axis Bank, while Kumar is director and chief executive at the […]
LIC eyeing strategic stake in Standalone Health Insurance Company
The health insurance sector is now the fastest-growing segment in the country’s insurance industry, driven by rising healthcare costs and increasing awareness of the need for coverage.