As gold and silver hit record highs this Diwali, experts urge caution. While gold remains the preferred hedge against volatility, silver offers better value and industrial demand potential. Investors should stick to strategic asset allocation and use ETFs or mutual fund FoFs for exposure.
Federal Bank to acquire 4.5 lakh Standard Chartered card portfolio
Federal Bank is set to acquire a significant credit card portfolio from Standard Chartered Bank. This deal involves approximately 450,000 cards. The acquisition will boost