by Jibran Munaf | August 14, 2024 | Economy, Finance, Industry, News, Technology, Trending Now
Amid reports suggesting that the government may be considering selling its stake in Vodafone Idea, the telecom company clarified on Tuesday that any decision regarding the government’s holding is entirely up to the Centre. Vodafone Idea stated that it has had no...
by Jibran Munaf | August 11, 2024 | Banking, Finance, Market Analysis & Commentary, News, Technology
India holds a significant 48.5% share in the global real-time payments volume, according to a report released by the Reserve Bank of India (RBI) on Monday. The report underscores India’s leadership in global remittances, receiving $115.3 billion in 2023. The RBI...
by Jibran Munaf | August 11, 2024 | Breaking, Economy, Finance, Markets, News, Trending Now
US investment research firm Hindenburg on Saturday claimed that Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch had a stake in obscure offshore entities used in the Adani money siphoning scandal. “It has been nearly 18 months since...
by Jibran Munaf | August 10, 2024 | Banking, Banking Regulations, Finance, News
A bill aimed at allowing bank account holders to nominate up to four individuals was introduced in the Lok Sabha on Friday to ensure better protection for depositors and enhance customer convenience. The Banking Laws (Amendment) Bill, 2024, introduced by Minister of...
by Jibran Munaf | August 10, 2024 | Finance, Market Commentary, Markets, News
Stocks ticked up Friday as the stock market built on its incredible comeback from Monday’s violent rout. The broad market index ended the week just shy of completely reversing its weekly losses. The S&P 500 advanced 0.47% to finish at 5,344.16. The Nasdaq...
by Jibran Munaf | August 8, 2024 | Currencies, Economy, Finance, News
Chinese exporters, who have benefited from a weak yuan, are now facing a new challenge as the currency strengthens. The “offshore” yuan traded in Hong Kong surged to its strongest level for 2024, trading below 7.1 against the U.S. dollar on Monday before settling...
