Market News

Growth in credit cards has been a focus for CEO Charlie Scharf.

Hendrik Jordaan agreed to pay a $250,000 civil penalty but didn't admit or deny the regulator's findings.

Wall Street's major indexes declined, with the S&P 500 hitting a one-week low after a strong jobs report escalated inflation concerns and reduced confidence in interest rate cuts by the Federal... Reserve. The Russell 2000 index is nearing a correction, while the yield on the 30-year Treasury note spiked over 5%.

Gold prices were flat in early Asia trade, but persistent concerns about geopolitical uncertainties could sustain demand for the haven asset.

SRF and Navin Fluorine were the biggest gainers on the BSE 500 index, surging 13.7% and 9.6% respectively. Balaji Amines jumped 9.3% and Alkyl Amines soared 8%.

India needs ₹1,094 lakh crore to achieve an 8-9% growth rate by 2036 under the Viksit Bharat plan. Of this, ₹323 lakh crore will come from banks and ₹643 lakh crore from the equity... market. Domestic savings rates must rise to 33.5%. The government aims to become a $30 trillion economy by 2047.

Heads of microfinance institutions (MFIs) emphasize the difficulty in lowering interest rates without access to cheaper funds, suggesting a dedicated credit guarantee scheme or refinance facility.... With current rates between 21% and 24%, there is regulatory pressure to reduce them. Alternatives include revamping existing credit guarantee schemes and introducing an interest subvention scheme.

The Reserve Bank of India (RBI) significantly increased enforcement of penalties on banks in FY24, with public sector banks paying six times more and private banks paying double the previous year.... Enhanced vigilance since the near-collapse of Yes Bank has led to heightened surveillance and stricter regulatory actions, including bans on significant lenders.

This was not the quarter we were looking for -- and unfortunately, we see little reason to defend Constellation brands.

Constellation's deal for Calpine harnesses its AI and nuclear-powered shares for a canny deal.

Foreign equity investments from Singapore, the United States, and Canada are significantly increasing in the Indian real estate market. These three countries collectively account for more than 25% of... total equity investments. The sector is also seeing notable investment growth from the UAE. Despite foreign interest, domestic investments remain dominant, comprising nearly 70% of the total equity inflows in 2024.

Analysts and market strategists love to predict what markets will do in the year ahead. Don't let this misguided ritual blind you to what assets are really worth.

Just Dial reported a 43% YoY rise in Q3FY25 net profit to ₹131.31 crore, with revenue up 8.4% to ₹287.33 crore. Sequentially, profit declined 15%.

Sebi on Friday proposed doubling the threshold amount to Rs 50,000 crore for foreign portfolio investors to make granular disclosures about their investors holding any ownership or economic interest.

FDIC Vice Chairman Travis Hill will call for no change in capital requirements for the largest banks in his Friday speech.

Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main... infrastructure business.

The economically sensitive Russell 2000 small-cap index was on course to plunge into a correction on Friday, falling more than 10% from its 2021 highs as investors pared back optimism on rate cuts by... the Federal Reserve following a robust jobs report.

Education loans help bridge the gap between financial constraints and access to quality education. Prudent decisions, understanding loan terms, and careful budgeting can lead to a better future. Loans... cover various educational expenses and offer flexible repayment options for students.

Experts point out that the popularity of SIPs can be attributed to the gains accrued through rupee cost averaging. Thanks to this, investors can invest across different price points to maximise their... earning margin.

SEBI has introduced new rules for mutual fund and demat account nominations to simplify asset transfers, ensure transparency, and reduce unclaimed assets. Key changes include mandatory nominee... details, stricter non-nomination processes, and guidelines for incapacitated account holders.

U.S. natural gas futures rose for a third-straight session, with January weather raising demand and locking in some production.

The loan recovery process is crucial for lenders and borrowers to ensure financial stability. Effective communication and negotiation are key to collecting overdue payments, particularly for unsecured... personal loans.

SEBI has empowered panels of Executive Directors and Whole-time Members to waive or reduce interest in recovery cases under specific conditions. This excludes cases involving intermediary fees or... disgorgement orders. Applications require full principal payment and supporting hardship documents.

Learn how to check active loans linked to your PAN card through three methods: using credit bureau services, leveraging fintech apps, or contacting the lender directly. These methods help ensure your... financial records are accurate and up-to-date

Delta's CEO said strong travel demand is driving revenue higher.