Friday, Jan 27, 2023
Journalism of Courage
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George Mathew
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Gold prices hit all-time high, is this the time to invest?Premium Story
January 27,2023 08:00:46 AM
Gold is one commodity which has given a sustained appreciation in value year after year, rising by around 88% in the past 10 years. Prices are expected to show an uptrend in the coming years.
Fri, Jan 27, 2023
New T+1 settlement cycle comes into effect today: What does it mean, how will investors be impacted?
January 26,2023 15:31:31 PM
India will become the second country after China to implement the one-day cycle that will bring operational efficiency, faster fund remittances, share delivery, and ease for stock market participants.
Fri, Jan 27, 2023
US research firm Hindenburg alleges stock manipulation, Adani Group says malafide
January 25,2023 15:30:31 PM
Hindenburg Research disclosed in the report that it has “taken a short position in Adani Group Companies through U.S.-traded bonds and non-Indian-traded derivative instruments”.
Thu, Jan 26, 2023
Interview with MD & CEO, Union Bank of India: ‘Stress in the retail sector high, but slippages not much’Premium Story
January 23,2023 05:45:53 AM
"If you look at my entire stressed assets, almost 15 per cent is coming from the retail sector but slippages are only to the extent of Rs 351 crore in Q3 FY23. Besides retail, we are seeing a little stress in the MSME sector," says A. Manimekhalai.
Mon, Jan 23, 2023
Ministry asks PSU banks’ heads to start talks on wage revision
January 23,2023 04:35:46 AM
“They may initiate the process of negotiations for the next revision,” the Department of Financial Services (DFS) said in a letter to the Chairman of State Bank of India and MDs and CEOs of public sector banks.
Mon, Jan 23, 2023
Adani Rs 20,000 crore FPO opens today: Should investors go for it?
January 19,2023 17:25:42 PM
The Rs 20,000 crore follow-on public offer (FPO) is the largest in the country. It opens for subscription on January 27 and closes on January 31.
Fri, Jan 27, 2023
Why has RBI warned states against old pension scheme?
January 18,2023 05:00:01 AM
According to the RBI, a significant risk looming large on the subnational fiscal horizon is the likely reversion to the OPS by some states.
Thu, Jan 19, 2023
High interest costs may force RBI to cut dividend to govt
January 16,2023 04:00:58 AM
Under reverse repo, the RBI borrows from banks, while under the repo window, RBI lends to banks. The reverse repo rate is 3.35 per cent and the repo rate is 6.25 per cent.
Mon, Jan 16, 2023
Life insurers ready to diversify; await Budget for a health cover
January 16,2023 00:09:42 AM
Allowing composite licenses is going to be a positive step for the industry in case it is implemented, he said at the annual C D Deshmukh Memorial Seminar organised by National Insurance Academy.
Mon, Jan 16, 2023
IT sector: Challenges remain, but not a bad bet for investorsPremium Story
January 13,2023 07:00:58 AM
Tech companies appear to be withstanding the vagaries of the economic slowdown, which has been triggered by high inflation, high interest rates, and falling growth rates across the globe.
Fri, Jan 13, 2023
New investment proposals up 71% in 2022 as economy strengthensPremium Story
January 09,2023 04:40:35 AM
On a cumulative basis, total investment proposals during 2022 shot up to Rs 23.6 lakh crore as compared with Rs 13.8 lakh core in the previous year and Rs 11.6 lakh crore in 2020.
Mon, Jan 09, 2023
RBI was ‘never in the loop’ about demonetisation
January 03,2023 04:40:12 AM
The RBI board had cleared the introduction of Rs 2,000 notes six months before demonetisation in May 2016 but didn’t discuss withdrawal of 500 and 1000 notes in July and August board meetings in 2016.
Tue, Jan 03, 2023
Cash with public zooms 74% to touch record highPremium Story
January 03,2023 04:30:33 AM
In fact, the currency with public is up 243 per cent from Rs 9.11 lakh crore that was recorded on November 25, 2016, two weeks after Rs 500 and Rs 1,000 notes were withdrawn from the system.
Thu, Jan 05, 2023
What investors should keep in mind in 2023
December 30,2022 06:01:56 AM
With Covid’s impact on livelihood and economy in 2020 and 2021 still fresh in everyone’s mind, the anxiety over rising cases in China and possible spread in other countries, including India, has dampened market sentiments somewhat for now.
Sat, Dec 31, 2022
Policy can’t take credit for dip in inflation: RBI monetary panel member
December 29,2022 01:34:35 AM
The RBI wrote to the government in November explaining the reasons for the failure of the MPC to bring down inflation below the upper tolerance band of 6 per cent for three quarters in a row.
Thu, Dec 29, 2022
Insurers settled 15.87 lakh policies, paid Rs 45,817 crore in death claimsPremium Story
December 27,2022 04:25:44 AM
Insurers paid out Rs 45,817 crore involving 15.87 lakh policies towards death claims during 2021-22 as against Rs 26,421 crore (10.83 policies) in the previous year, according to data available from the Insurance Regulatory and Development Authority of India (IRDAI).
Tue, Dec 27, 2022
SIP outflows: Investors redeem over Rs 22,000 crore in 3 monthsPremium Story
December 25,2022 03:58:16 AM
While the monthly SIP inflows have been touching record highs in the last three months, the pace of redemption has also accelerated, if unpublished data compiled by the Association of Mutual Funds in India (AMFI) —but available with mutual funds—is any indication.
Sun, Dec 25, 2022
Drone insurance is taking off. What does the policy cover?
December 23,2022 11:03:33 AM
A recent EY – FICCI report indicated that drones and allied component industries can boost India’s manufacturing potential by approximately $23 billion by 2030.
Fri, Dec 23, 2022
18% of Mumbai MSME loans are non-performing assets
December 20,2022 05:20:34 AM
Out of Rs 162,874 crore loans taken by MSMEs in Mumbai (including suburban region), Rs 22,579 crore involving 46,978 accounts have turned into NPAs, according to data compiled by the State Level Bankers Committee (SLBC) of Maharashtra.
Tue, Dec 20, 2022
RBI gold bonds: Does it make sense to invest?
December 17,2022 16:44:05 PM
RBI has announced the Sovereign Gold Bond Scheme 2022-23 - Series III, which will be open for subscription from December 19 to December 23.
Sat, Dec 17, 2022
Bank deposits will earn more interest: Why is competition for retail money intensifying?
December 15,2022 10:54:03 AM
Real interest rates — rates adjusted for inflation — have turned positive for many deposit tenors after nearly three years, and rates are likely to rise further going forward. But why? We explain.
Thu, Dec 15, 2022
G20 Sherpa Amitabh Kant: Will adopt action oriented, decisive, forward-looking approachPremium Story
December 14,2022 05:30:30 AM
In an interview on the side-lines of the G20 conference in Mumbai, India’s G20 Sherpa AMITABH KANT told HITESH VYAS and GEORGE MATHEW that over the next one-year, the country will bring the major challenges to the centre-stage and will adopt a progressive and forward-looking approach to resolve them.
Wed, Dec 14, 2022
Sanjiv Chadha: ‘Credit growth will moderate to sustainable levels in few months’Premium Story
December 12,2022 05:05:09 AM
A lot of MSMEs have come out of the stress but there is a significant percentage which is struggling. Even the structure of the economy is also changing... there will be businesses that will not be viable as we go ahead, says Sanjiv Chadha.
Mon, Dec 12, 2022
Long-term insurance for cars, homes: pros and consSign In to read
December 09,2022 08:00:20 AM
IRDAI has proposed to allow insurers to offer fire and allied peril cover for 30 years with sum insured of Rs 5 crore and more to standalone residential houses, villa complexes, and apartment blocks that are managed by housing cooperatives or any other body representing homeowners.
Fri, Dec 09, 2022
Electoral bonds: Political parties get Rs 676 cr from anonymous donors
December 09,2022 00:40:54 AM
Anonymous donors had given Rs 545 crore in the 22nd sale of EBs conducted between October 1 and 10, according to data available from SBI. Parties got Rs 1,221 crore in the last two months and Rs 389.50 crore in the previous sale in July this year.
Fri, Dec 09, 2022