Latest Updates Around The World
Analysts said the market is positioning for a stronger dollar as the RBI remains heavily short forwards and adopts a “soft-touch” intervention strategy. The rupee hit a record low on Monday, pressured by factors such as the RBI’s decaying positions in the non-deliverable forward (NDF) market, FIIs continuing to sell in the domestic equity markets […]
A total of 13.34 lakh complaints were received under the RB-IOS in FY25, compared to 11.75 lakh in the previous fiscal. | Photo credit: FRANCIS MASCARENHAS According to the Ombudsman System Annual Report FY25, the Reserve Bank of India received the highest number of complaints against private banks under its Integrated Ombudsman System (IOS) in […]
Anil Ambani | Photo credit: PRASHANT WAYDANDE Industrialist Anil Ambani has moved the Supreme Court challenging a Bombay High Court order upholding the State Bank of India’s (SBI) decision declaring his and Reliance Communications’ accounts as fraud. The case has yet to be presented for hearing. The Supreme Court had on October 3 dismissed Ambani’s […]
On average, 682 million UPI transactions worth ₹87,721 crore were recorded daily in November | Photo credit: ALLEN EGENUSE J India’s own Unified Payments Interface (UPI) platform recorded 20.47 billion monthly transactions totaling ₹26.32 lakh crore in November, NPCI data showed. Transaction volume and value increased by 32 percent year-on-year (year-on-year) and 22 percent year-on-year, […]
AU SFB’s star-powered branding push: Sanjay Agarwal, Managing Director and Chief Executive Officer, AU Small Finance Bank | Photo credit: PAUL NORONHA/businessline AU Small Finance Bank (AU SFB), which recently received the RBI’s in-principle approval to transition into a universal bank, has roped in film actors Ranbir Kapoor and Rashmika Mandanna as brand ambassadors. The […]
ICICI Prudential Life Insurance has reported a claim settlement rate of 99.33 percent for the first half of FY2026, positioning itself as a leader among major life insurers in India. The company settled death claims worth ₹893.38 crore during this period. The insurer achieved an average turnaround time of 1.1 days for uninvestigated claims. Under […]
Investor sentiment turned optimistic on Monday as hopes of an early rate cut by the Reserve Bank of India gave new momentum to markets, already buoyed by the country’s stronger-than-expected GDP figures. December is shaping up to be a crucial month as traders position themselves ahead of the RBI’s upcoming policy decision, which could impact […]
‘Tis the season for gift-giving, which means a ton of junk ends up in homes all over the world. This year I’m trying to avoid the mess. I give more thoughtful gifts, including experiences and things that can actually be used. Here are a few things I’m considering giving. Money (with a twist) There are […]
It will come as no surprise to most of us that money problems and mental health problems often go hand in hand. When you experience this, it can often feel like a disastrous, but very personal set of circumstances. Your money problems affect your mental health, and worsening mental health affects your ability to make […]
Ask an Advisor: Tax-Efficient Giving Strategies for High-Wealth Families Image credits: Wealthtender Thoughtful giving can be one of the most effective ways for wealthy families to reduce taxes, support loved ones throughout their lives, and advance philanthropic causes. Make strategic use of the annual gift tax exclusion The tax authorities are one annual gift tax […]
