Banking And Finance
RBI says UPI-linked credit lines must follow same rules as traditional loans; Closes regulatory arbitrage
The Reserve Bank of India has moved to close a regulatory loophole that allowed banks to treat credit facilities delivered through the Unified Payments Interface differently from equivalent credit products…
Is your credit score enough for loan approval? Here’s what lenders check beyond CIBIL
A credit score is a three-digit number. It is like a financial report card for an individual and reflects the borrower’s creditworthiness and trustworthiness. This score is provided by four…
Nifty IT Index falls 28% in a year: Should investors buy the dip or remain cautious?
The nearly 28% correction in the over the past year has revived debate over whether investors should consider sector-specific IT index funds. The discussion has gained traction after recently lowered…
Using ChatGPT, Gemini for money advice? Think twice before creating a detailed prompt | What not to reveal
We often turn to AI chatbots askng for a wide range of tasks, including financial advice. While AI can save time, simplify complex information, and even help users compare financial…
Market
Sensex crashes almost 900 points, investors lose ₹6 lakh crore in a day: What drove the stock market down?
The Indian stock market suffered strong losses on Tuesday, 23 June, as a fresh wave of selloff engulfed across segments, driving the benchmarks down by more than 1% each. The…
Top Gainers & Losers on June 23: Vedanta, Hindustan Zinc, Infosys, TCS, Bank of Baroda among top losers
The Indian stock market slumped in Tuesday’s trade, June 23, tracking weakness across global markets amid a sharp retreat in technology stocks worldwide. The sell-off triggered another wave of weakness…
Global funds snap Indian stock selling streak as oil shock ebbs
Foreign investors turned buyers of Indian equities for the first time in two months as easing West Asia tensions and lower oil prices revive appetite for the market. Global funds…
SIP drives India’s capital despite weak equity returns: JP Morgan
India’s capital markets story continues to be driven by strong inflows through Systematic Investment Plans (SIPs), despite subdued equity market returns and sustained foreign investor selling, according to a report…
Market
No bids made in Indian Oil Corp tender for ships to carry Gulf cargoes
Indian Oil Corp has received no bids in tenders to charter vessels for lifting crude oil and liquefied petroleum gas cargoes from ports within the Strait of Hormuz, said two…
Oracle layoffs: 21,000 employees let go in 12 months, company says AI replaced some roles
reduced its workforce by 21,000 employees in the past 12 months, a wider scale than previously known, including those whose jobs were eliminated by the use of artificial intelligence. “The…
Meta pauses AI programme that tracked employee mouse clicks after internal data Leak
Meta has suspended its internal AI training programme after sensitive employee data, including private conversations and performance records, was found to be accessible to all staff at the company. What…
Tata Electronics hit by cyberattack: Apple investigates alleged leak of sensitive files linked to iPhone maker, Tesla
Tata Electronics on Monday confirmed a cybersecurity incident after a ransomware group claimed to have leaked company data online, including documents purportedly linked to Apple and Tesla, two of the…
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