Banking And Finance
Fairfax gets 15 years to reduce stake in IDBI Bank to 26%
Mumbai: Prem Watsa-backed has been given 15 years by the to reduce its stake in to 26%, while the Canadian investor has two years to decide the future of Kerala-headquartered…
Two wheeler loan interest rates: What can affect your financing cost
Buying a bike through two-wheeler finance can make the purchase easier to manage. Instead of paying the full cost upfront, you can repay the financed amount through monthly installments. However,…
Retired before April 2023? ITAT allows LIC employee to claim tax exemption on ₹9.04 lakh leave encashment
A retired Life Insurance Corporation of India (LIC) employee has won relief from the Income Tax Appellate Tribunal (ITAT), Jaipur, in Renu Moongia vs ITO (assessment year 2021-22), after the…
Gold price forecast: Why investors expect record highs within 2 years
Gold prices could climb to fresh record highs within the next 24 months, according to investors and industry executives cited by the Financial Times, as central banks increase their bullion…
Market
Wipro returns over ₹17,000 crore to shareholders through buyback, dividend, 2.6 times its H1 profit
shareholders seem to have reasons to be happy, even as the stock is on track to post its steepest annual decline in three years. The company rewarded them handsomely in…
Sebi reintroduces VWAP for derivatives expiry after CAS turns markets volatile
The Securities and Exchange Board of India (Sebi) on Thursday pulled back the two-month-old closing auction framework for settlement of derivatives contracts, after it led to abrupt price swings and…
SEBI retains existing derivatives settlement formula, tweaks closing auction
The Securities and Exchange Board of India (SEBI) has retained the existing methodology for calculating settlement prices of expiring index and stock derivatives contracts, opting to use the volume-weighted average…
How Saudi Aramco restores oil operations within days after attacks
When attack drones struck Saudi Aramco’s biggest oil pipeline last month, satellite images showed one of its pumping stations burnt to ashes. By the next day, scores of bulldozers were…
Market
California orders lenders to report on their handling of insurance payouts to LA fire survivors
SACRAMENTO, Calif. (AP) — California officials on Thursday ordered mortgage lenders, including banks and credit unions, to report on how they have handled insurance payouts to survivors of the .…
CoreWeaves slump spotlights growing burden of debt behind AI boom
By Aditya Soni, Anhata Rooprai and Laura Matthews Oct 15 (Reuters) – Shares of Nvidia-backed CoreWeave steadied on Thursday after a sharp slump, as investors worried about the debt financing…
Canada’s Joly Threatens to Force Cleveland-Cliffs Asset Sale
(Bloomberg) — Canada’s industry minister said the government has the power to try to force Cleveland-Cliffs Inc. to sell its assets the country, escalating a dispute over job cuts at…
ADB, govt of Japan sign financing pact with AM Green Ammonia
New Delhi: The Asian Development Bank (ADB) and the government of Japan have signed a financing agreement with AM Green Ammonia—a firm backed by the founders of Greenko—for its 1.1-million-tonne…
Axis
