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Poll panel chief Rajiv Kumar, ET BFSI

Poll panel chief Rajiv Kumar, ET BFSI

Chief Election Commissioner Rajiv Kumar on Saturday here said the poll panel will act in accordance with the directives of the Supreme Court regarding the electoral bonds scheme. Speaking to reporters, Kumar said the commission always works on the basis of...

MoS IT Rajeev Chandrasekhar, ET BFSI

MoS IT Rajeev Chandrasekhar, ET BFSI

Entrepreneurs and companies should comply with the rules and laws, irrespective of their size, scale and growth momentum, minister of state for electronics and technology Rajeev Chandrasekhar said on Monday.“I have seen entrepreneurs beginning to trespass because the...

MoS Rajeev Chandrasekhar, ET BFSI

MoS Rajeev Chandrasekhar, ET BFSI

Union Minister of State Rajeev Chandrasekhar speaks via virtual mode during the Mumbai Tech Week on Monday.Union Minister of State for Skill Development and Entrepreneurship, Electronics and Information Technology Rajeev Chandrasekhar engaged in a discussion with...

Central bank, BFSI News, ET BFSI

Central bank, BFSI News, ET BFSI

The central bank listed a litany of problems facing the export powerhouse, from slowing foreign demand to constrained consumer spending and domestic investment.German output is likely to shrink slightly in the first quarter, sending Europe's top economy into recession...

Will Trump pay? What if he doesn’t?, ET BFSI

Will Trump pay? What if he doesn’t?, ET BFSI

Former US President Donald Trump faced a significant setback on Friday when a judge in New York mandated that he and his business entities fork over $355 million in fines. This was for allegedly misleading banks and insurance companies by inflating the value of his...

More payment banks under scanner, BFSI News, ET BFSI

More payment banks under scanner, BFSI News, ET BFSI

NEW DELHI: More payment banks may face regulatory action as the Financial Intelligence Unit (FIU) has detected about 50,000 accounts without know-your-customer (KYC) verification and potentially engaged in suspicious transactions and money laundering activities. About...

Threatening Election Year Upsets Worldwide, ET BFSI

Threatening Election Year Upsets Worldwide, ET BFSI

Eric Foucault is driving his hulking green tractor more slowly than he can walk. Shouting into his mobile phone above the cacophony of engines and horns, the farmer from south of Paris is one of 200 others clogging up the highway into the French capital.Foucault and...

5 ways to invest in SGB 2023-24 Series-IV, ET BFSI

5 ways to invest in SGB 2023-24 Series-IV, ET BFSI

The Sovereign Gold Bonds (SGB) 2023-24 Series-IV tranche is available for subscription starting today, February 12, 2024, and will be open until February 16, 2024. SGBs are normally allocated seven days after the subscription ends, so this tranche’s issuance date is...

What’s the difference?, BFSI News, ET BFSI

What’s the difference?, BFSI News, ET BFSI

In response to the Central government's decision to present a 'White Paper' scrutinizing the economic performance during the UPA government's 10-year tenure (2004-2014), the Congress party has released a 'Black Paper' highlighting the Narendra Modi government's...

RBI allows hedging of gold price risk in IFSC, ET BFSI

RBI allows hedging of gold price risk in IFSC, ET BFSI

The Reserve Bank of India (RBI) has decided to allow hedging of gold price risk in the Over the Counter (OTC) Market in the International Financial Services Centre (IFSC). The step has been taken with a view to providing flexibility to resident entities to hedge their...

GAME’s Ravi Venkatesan, ET BFSI

GAME’s Ravi Venkatesan, ET BFSI

Benguluru-based Global Alliance for Mass Entrepreneurship (GAME) aims to build a thriving environment for mass entrepreneurship in India. In an interview with ET Online, Ravi Venkatesan, GAME’s founder, discusses the “missing middle” irregularity of the MSME sector,...

S&P Global Ratings, ET BFSI

S&P Global Ratings, ET BFSI

Mumbai: Credit growth in India could moderate to between 12% and 14% in FY25, S&P Global Ratings said, because of inflated funding costs amid intensifying competition to garner funds.Separately, the share of unsecured loans is expected to rise despite the central...

Alphas, cowboys and the strong, silent types, ET BFSI

Alphas, cowboys and the strong, silent types, ET BFSI

Welcome to a new edition of Full Stack, a place where you’ll find unfiltered commentary on all things technology.Please keep the bouquets, brickbats and suggestions coming. You can reach me at samidha.sharma@timesgroup.com and follow me on Elon Musk's Twitter (sorry...

Byju’s tells staff, ET BFSI

Byju’s tells staff, ET BFSI

The senior management of cash-strapped edtech firm Byju’s told employees that the company has secured commitments to subscribe to more than 100% of its proposed $200 million rights issue of shares.In an email note to employees Friday, the management blamed an...

State Economic Review, ET BFSI

State Economic Review, ET BFSI

Thiruvananthapuram: Kerala's economy posted positive growth for the second consecutive year 2022-23 with the Gross State Domestic Product (GSDP) clocking 6.6 per cent growth at constant prices, according to the Economic Review tabled in the Kerala Assembly on Friday....

Shyam Srinivasan, Federal Bank, ET BFSI

Shyam Srinivasan, Federal Bank, ET BFSI

Shyam Srinivasan, MD & CEO, Federal Bank, says “the commitment and the consolidation focus around the fisc was clear. And if somebody had not followed India for a long period of time, and only heard the first 10-15 minutes of the speech of the finance minister, it...

More ‘Power’ to EV Ecosystem, BFSI News, ET BFSI

More ‘Power’ to EV Ecosystem, BFSI News, ET BFSI

Indore: The announcement by government in Interim Budget for 2024-25 to set up three major railway corridors, aimed at addressing congestion and reducing cost of logistics, is seen to boost economic growth, said industry associations while lauding government’s forward...

Sitharaman in Budget 2024, ET BFSI

Sitharaman in Budget 2024, ET BFSI

A corpus of Rs 1 lakh crore will be established with 50-year interest free loans to encourage the private sector to scale up research and innovation in sunrise domains, Union Finance Minister Nirmala Sitharaman announced on Thursday. Presenting the interim Budget...

President Murmu tells Parliament, ET BFSI

President Murmu tells Parliament, ET BFSI

New Delhi [India], January 31 (ANI): The government has kept the inflation under control despite global challenges and did not allow the burden on people to increase, President Droupadi Murmu said on Wednesday."The world has faced two wars and Covid-19 in the past few...

Brand Finance, BFSI News, ET BFSI

Brand Finance, BFSI News, ET BFSI

Jio, the telecom and digital arm of billionaire Mukesh Ambani's Reliance, continues to be the strongest Indian brand, ahead of likes of Life Insurance Corporation and State Bank of India, according to the latest report 'Global-500 2024' published by Brand Finance. Jio...

Budget 2024: More jobs, infra push or social security

Budget 2024: More jobs, infra push or social security

Interim Budget: As India braces for the 2024 interim budget, the spotlight on rural jobs and schemes becomes even more critical, given the significant population dependent on agriculture and allied activities. In the purview of Lok Sabha elections this year, there is...

Investment provisions in ‘AI for India’, ET BFSI

Investment provisions in ‘AI for India’, ET BFSI

Union Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. This year, it will be an interim budget as Lok Sabha elections are scheduled this year. AI technology and its implications in various fields dominated 2023, and tech companies in...

An alarm bell for digital economy, BFSI News, ET BFSI

An alarm bell for digital economy, BFSI News, ET BFSI

There are judicial precedents wherein the Consumer Courts have condemned dark patterns and imposed penalty on companies employing them.India's consumer digital economy is projected to reach the $1 trillion mark by 2030, with the e-commerce market expected to touch...

What happens next after liquidation order?, ET BFSI

What happens next after liquidation order?, ET BFSI

A Hong Kong court on Monday issued a winding-up order for Chinese real estate giant Evergrande, as the embattled firm teeters on the brink of bankruptcy.The firm's astronomical debt has become emblematic of a years-long crisis in China's property market -- with...

India’s job story has a major missing part, ET BFSI

India’s job story has a major missing part, ET BFSI

Quality is something that remains a major missing detail when it comes to the Modi government's performance in job generation. There's a widespread sentiment that while jobs are indeed being created, the quality of these opportunities falls short of expectations.In...

S&P Global Market Intelligence, ET BFSI

S&P Global Market Intelligence, ET BFSI

Indian commercial banks' retail lending has risen faster than loans to large businesses since the COVID-19 pandemic, S&P Global Market Intelligence data showed, underscoring the central bank's concerns about unsecured loans.Retail loans was the fastest-growing...

NCP MLA Rohit Pawar appears before ED, ET BFSI

NCP MLA Rohit Pawar appears before ED, ET BFSI

NCP MLA Rohit Pawar, the grand nephew of party supremo Sharad Pawar, appeared before the Enforcement Directorate here on Wednesday for questioning in connection with its money laundering probe into the alleged Maharashtra State Cooperative Bank scam, an official said....

Sony terminates $10 bn Zee India merger, ET BFSI

Sony terminates $10 bn Zee India merger, ET BFSI

New Delhi, Sony Group Corp on Monday said it is calling off a USD 10 billion merger of its India unit with Zee Entertainment, following a stalemate over who will lead the merged entity. The entertainment giant sent a termination notice to Zee on the deal, which was...

PM Modi, BFSI News, ET BFSI

PM Modi, BFSI News, ET BFSI

Mumbai: Prime Minister Narendra Modi on Friday while pitching for his third term, said that he is a Prime Minister who has delivered on all the promises made. Invoking the 'Modi guarantee', the Prime Minister linked the economy of the country with that of his...

RBI Governor at Davos, ET BFSI

RBI Governor at Davos, ET BFSI

Davos [Switzerland], January 17 (ANI): International confidence in India is at an all-time high and confidence among investors is growing, said Reserve Bank of India (RBI) Governor Shaktikanta Das."There is growing confidence on India and I think the international...

RBI Guv Shaktikanta Das at WEF, ET BFSI

RBI Guv Shaktikanta Das at WEF, ET BFSI

The Indian economy is expected to grow 7 per cent in fiscal 2024-25, said the Reserve Bank of India's governor Shaktikanta Das at the World Economic Forum (WEF) Annual Meeting 2024 in Davos. Speaking at a CII session on 'High growth, low risk: The India story' here...

Ensuring the Welfare of Gig Workers, ET BFSI

Ensuring the Welfare of Gig Workers, ET BFSI

Apart from industry representatives, officials from various government departments — industry and commerce, labour, transport and taxation — attended the meetingGurgaon: The state government will form a welfare board for gig workers to secure the interest of a growing...

CM Eknath Shinde, ET BFSI

CM Eknath Shinde, ET BFSI

Eknath Shinde at WEFMaharashtra Chief Minister Eknath Shinde has said that the state has inked memorandums of undertaking (MoUs) worth Rs 3,53,675 crore at the World Economic Forum 2024 in Davos, Switzerland. Shinde thanked investors, noting the increased confidence...

MPC member Jayanth R Varma, ET BFSI

MPC member Jayanth R Varma, ET BFSI

RBI Monetary Policy Committee (MPC) member Jayanth R Varma has said that capacity utilization has been slowly increasing and private capital expenditure would pick up in the coming years. Varma further noted that in the last couple of years, the government has...

RBI MPC’s Jayanth R Varma, ET BFSI

RBI MPC’s Jayanth R Varma, ET BFSI

RBI MPC member Jayanth R VarmaNew Delhi: The Indian economy has withstood all geopolitical shocks in the last couple of years and it will also be able to navigate the uncertainties that lie ahead, RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on...

CMD, BFSI News, ET BFSI

CMD, BFSI News, ET BFSI

State-run Housing and Urban Development Corporation (HUDCO) plans to raise funds from the Japanese market through the external commercial borrowing route next month, as it seeks to bring down overall financing costs, chairman and managing director Sanjay Kulshrestha...

Arjun Ram Meghwal, BFSI News, ET BFSI

Arjun Ram Meghwal, BFSI News, ET BFSI

NEW DELHI: Law Minister Arjun Ram Meghwal on Saturday said the Indian rupee has strengthened during the tenure of the Narendra Modi government.He also credited the role played by B R Ambedkar in taking on the then British rulers who tried to weaken the...

FM Nirmala Sitharaman, ET BFSI

FM Nirmala Sitharaman, ET BFSI

"We are going through the process in a systematic manner and I am confident that it will happen at the earliest," Sitharaman said.India stares at a "funding gap" of USD 10.1 trillion to honour its net zero emissions commitment by 2070, finance minister Nirmala...

World Bank chief Ajay Banga, ET BFSI

World Bank chief Ajay Banga, ET BFSI

Ajay Banga, President, World BankNew Delhi, World Bank President Ajay Banga on Tuesday batted for removing barriers to private sector investment, saying it is key to tackling challenges before the global economy as neither the governments nor multilateral banks have...

FM, BFSI News, ET BFSI

FM, BFSI News, ET BFSI

AHMEDABAD: India has a funding gap of $10.1 trillion to meet its net zero commitment, and therefore, the International Financial Services Centre Authority (IFSCA) – the unified regulator needs a platform where green credit can be traded, said Union finance minister...

Watch the 2nd episode of LIVE series today, ET BFSI

Watch the 2nd episode of LIVE series today, ET BFSI

The nation is abuzz with discussions about the impending Interim Budget for FY 2024-25. The stakes are high, and citizens from all walks of life are keenly anticipating the fiscal roadmap that will shape the economic landscape for the coming year.From the common man's...

A tale of great expectations, ET BFSI

A tale of great expectations, ET BFSI

Budgets are known for raising expectations of relief and benefits among various sections of the population. That's truer for budgets that come just before elections. When the talk is about freebies, populism, welfare schemes, cash handouts, the taxpayers, though a...

What do BFSI Leaders expect?, BFSI News, ET BFSI

What do BFSI Leaders expect?, BFSI News, ET BFSI

As the Union Budget 2024 is set to be unveiled next month, the financial sector leaders recognise the delicate balance required to navigate the current economic complexities. At an ETBFSI discussion on expectations from the Interim Budget, industry captains rooted...

NABARD, BFSI News, ET BFSI

NABARD, BFSI News, ET BFSI

Bhubaneswar: The National Bank for Agriculture and Rural Development (NABARD) projected a credit potential of Rs 2 lakh crore for Odisha for the 2024-25 fiscal, a rise of 25.19 per cent from the year-ago period. During a state credit meeting on Tuesday, a State Focus...

World Bank, BFSI News, ET BFSI

World Bank, BFSI News, ET BFSI

NEW DELHI: World Bank on Tuesday said growth in Indian economy is expected to remain strong during next financial year, driven by robust investment and services activity.Against its projection of 6.3% expansion in 2023, the latest Global Economic Prospects has now...

Govt estimates, BFSI News, ET BFSI

Govt estimates, BFSI News, ET BFSI

New Delhi, The Indian economy is estimated to grow by 7.3 per cent in the 2023-24 fiscal against 7.2 per cent a year ago, mainly due to good show by mining and quarrying, manufacturing and certain segments of services sectors. As per the first advance estimates of...

Climate change, trade and reserve assets, ET BFSI

Climate change, trade and reserve assets, ET BFSI

New Delhi [India], January 5 (ANI): The International Monetary Fund (IMF) took to social media to share insights into the complex economic landscape of 2023, a year marked by unprecedented challenges that put the global economy to the test.According to the IMF, from...

A plot against Indian economy, ET BFSI

A plot against Indian economy, ET BFSI

The Adani group went through a detailed investigation by SEBI. But what about investigating the Hindenburg group?The Supreme court threw out the petition for further investigation of the Adani group by a Special Investigation Team, based on the George Soros backed...

What you need to know, BFSI News, ET BFSI

What you need to know, BFSI News, ET BFSI

India's Adani Group won relief from the Supreme Court on Wednesday when judges ruled that the company, hit hard by a U.S. short-seller's allegations last year of improper business dealings, does not need to face additional investigation.The Securities and Exchange...

Maritime attacks drive up costs, BFSI News, ET BFSI

Maritime attacks drive up costs, BFSI News, ET BFSI

(Bloomberg) --Shipping costs are rising as hundreds of container ships that typically transit the key maritime artery of the Red Sea and Suez Canal are rerouting after a multitude of attacks by Iran-backed Houthi militants.Combined with disruptions at a...

Biz Unit Count Crosses 2 Lakh, Says Min, ET BFSI

Biz Unit Count Crosses 2 Lakh, Says Min, ET BFSI

Thiruvananthapuram: Industries minister P Rajeeve has said that the number of enterprises under the entrepreneurial year scheme has crossed two lakh in the state. An investment of Rs 12,537 crore and 4,30,089 employment have been generated through this. The...

World Bank, BFSI News, ET BFSI

World Bank, BFSI News, ET BFSI

Pakistan's current economic model is not working, a top World Bank official has said, underlining that the cash-strapped nation must change policies that have plagued development and benefitted only a few. The remarks by World Bank Country Director Najy Benhassine...

Vivek Joshi, Ministry of Finance, ET BFSI

Vivek Joshi, Ministry of Finance, ET BFSI

MUMBAI: India needs a new cycle of private investment and banks may be required to reassess whether their growth should also include "handholding support" for project conceptualisation and structuring," said Vivek Joshi, Secretary, Department of Financial Services,...

Gold rises Rs 100; silver plunges Rs 350, ET BFSI

Gold rises Rs 100; silver plunges Rs 350, ET BFSI

New Delhi, Gold prices rose Rs 100 to Rs 63,850 per 10 grams in the national capital on Wednesday amid a bullish trend in the global markets, according to HDFC Securities. In the previous close, the precious metal had closed at Rs 63,750 per 10 grams. However, silver...

Survey, BFSI News, ET BFSI

Survey, BFSI News, ET BFSI

New Delhi, The affinity of Indians for gold and traditional bank deposits remain unwavering as about 77 per cent of respondents preferred to safeguard their earnings through bank deposits and 21 per cent choose to invest in gold in 2023, according to a survey. The...