Banking And Finance
India’s private investment gains overtakes government share post-COVID: Report
The composition of investment has shifted in favour of private players post-pandemic, with their share rising to 71.3% of project announcements between 2022-23 and 2025-26 from a government-dominated 54.2% in…
Buying US stocks via GIFT City? Here’s how capital gains and dividend tax work
As more Indian investors look beyond domestic markets, has emerged as a new gateway to global investing. The platform allows investors to access international securities, including shares of US companies,…
‘AI is a tool, not an authority’: Relying on AI for financial advice? Key risks investors should know
The use of AI for financial guidance has risen sharply in recent years. In the United Kingdom, around 28 million adults used artificial intelligence tools for personal finance advice last…
Inflationary pressures, reduction in discretionary cash flows may impact collection of MFIs: Report
New Delhi: Risks such as potential inflationary pressures or reduction in discretionary household cash flows are likely to affect repayment behaviour of microfinance borrowers, even though the West Asia conflict…
Market
US stock market today: S&P 500, Nasdaq futures slip as US-Iran talks ease oil prices
US stock futures were mixed in trade on Monday, 22 June, as investors tracked developments in the Middle East after reports of progress in US-Iran peace talks. Technology stocks also…
RBI intervenes with $8.94 billion forex sales as rupee weakens; gold holdings unchanged
The Reserve Bank of India sold a net $8.94 billion in the foreign exchange market in April, data released on Monday showed, as it stepped in to support the rupee…
Stock market today: Sensex gains 300 points, Nifty 50 ends above 24,100; what moved the stock market today?
Stock market today: The domestic equity market ended with modest gains on Monday, 22 June, as reports of progress in US-Iran peace talks and a decline in crude oil prices…
Market
Ambuja Cements, UK-based Leilac plan low-carbon cement projects in Gujarat
, the cement and building materials company of the Adani Group, has partnered with UK-headquartered clean technology firm Leilac Ltd to develop one of the world’s largest commercial-scale pathways for…
Aurobindo Pharma gets US FTC’s nod to acquire Lannett Company
’s wholly owned arm in the US has received approval from the US Federal Trade Commission (FTC) to proceed with the acquisition of Lannett Company LLC. The transaction, valued at…
Vishnu Bhavan Frozen Foods launches ready-to eat Kerala snacks, vegetarian curries
Thodupuzha-based Vishnu Namboothiri Group, the original promoters of the iconic Brahmins brand, has launched its premium frozen food range, ‘Vishnu Bhavan’, in the domestic market. The products were formally launched…
Axis Bank hires McKinsey veteran as AI officer to drive enterprise-wide push
Axis Bank, India’s third-largest private lender, has hired Namrata Dubashi, a senior executive at McKinsey & Co, as its artificial intelligence (AI) officer to spearhead its AI initiatives. The appointment…
Axis
