Politics
ICE handcuffs NYC mayoral candidate Brad Lander
New York City Comptroller Brad Lander is placed under arrest by Immigration and Customs Enforcement (ICE) and FBI agents outside federal immigration court on Tuesday, June 17, 2025, in New York. Olga Fedorova | APNew York City Comptroller and mayoral candidate Brad...
Trump threatens Iran’s leader, demands ‘unconditional surrender’
U.S. President Donald Trump speaks to reporters aboard Air Force One after departing early from the the G7 summit in Canada to return to Washington, June 17, 2025. Kevin Lamarque | ReutersPresident Donald Trump on Tuesday warned Iranian leader Ali Khamenei that he is...
Trump to leave G7 summit early due to Middle East situation
U.S. President Donald Trump is leaving the Group of Seven summit in Canada a day early due to the situation in the Middle East, the White House said on Monday.The G7 has struggled to find unity over conflicts in Ukraine and between Israel and Iran as Trump overtly...
U.S. and UK announce a trade deal, but steel imports unresolved
U.S. President Donald Trump holds a folder with a document next to British Prime Minister Keir Starmer as they speak to the media during the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | ReutersU.S. President Donald Trump signed an...
Trump signals escalation in Israel-Iran conflict as he leaves G7 summit early
KANANASKIS, ALBERTA - JUNE 16: (L-R) Italian Prime Minister Giorgia Meloni, French President Emmanuel Macron, Canadian Prime Minister Mark Carney, U.S. President Donald Trump, British Prime Minister Kier Starmer, German Chancellor Friedrich Merz, European Union...
Minnesota shootings suspect to face first-degree murder charges
A memorial is seen on the desk of DFL State Rep. Melissa Hortman in the House chambers at the Minnesota State Capitol on June 16, 2025 in St. Paul, Minnesota. Steven Garcia | Getty ImagesFederal prosecutors on Monday charged the man accused of assassinating a...
Trump Organization announces mobile plan, $499 smartphone
US President Donald Trump disembarks from Air Force One while holding his cellphone with a text message from Roger Stone upon arrival at Joint Base Andrews in Maryland, May 30, 2025, after traveling to Pennsylvania to visit a US Steel plant. Saul Loeb | Afp | Getty...
Is Trump with us or against us?
U.S. President Donald Trump raises a fist as he steps off of Air Force One upon arrival at Calgary International Airport, before the start of the G7 summit, in Alberta, Canada, June 15, 2025. Dave Chidley | Afp | Getty ImagesOngoing trade instability and turmoil in...
Europe is trying to woo Southeast Asia — but it won’t win it over the U.S. or China
France's President Emmanuel Macron gives the keynote address at the Shangri-La Dialogue Summit in Singapore on May 30, 2025. Ludovic Marin | Afp | Getty ImagesEuropean leaders are looking to Southeast Asia with renewed interest amid Washington's aggressive tariff...
Israel vows Iran will ‘pay the price’ as attacks continue for a fourth day
Trails of Iranian ballistic missiles light up the night sky as seen from Gaza City during renewed missile strikes launched by Iran in retaliation against Israel on June 15, 2025. Anadolu | Anadolu | Getty ImagesTehran will "pay the price" for its fresh missile...
Trump travel ban
U.S. President Donald Trump's administration is considering significantly expanding its travel restrictions by potentially banning citizens of 36 additional countries from entering the United States, according to an internal State Department cable seen by...
Manhunt for Minnesota gunman continues for second day
Law enforcement officers with the River Valley Tactical Team, prepare to visit the home of Vance Luther Boelter, who officials describe as a person of interest in the killing of Rep. Melissa Hortman and her husband, and the shooting of Sen. John Hoffman, near Green...
Klobuchar mourns killed Minnesota Democrat as manhunt continues
Senator Amy Klobuchar, a Democrat from Minnesota, speaks during a news conference following Senate Democrat policy luncheons at the US Capitol in Washington, DC, US, on Tuesday, June 3, 2025. Eric Lee | Bloomberg | Getty ImagesSen. Amy Klobuchar remembered fellow...
Putin speaks to Trump, condemns Israel’s strikes on Iran, Kremlin says
Russian President Vladimir Putin meets with students during a visit to the Bauman Moscow State Technical University in Moscow, Russia April 16, 2025. Kristina Kormilitsyna | Via ReutersRussian President Vladimir Putin spoke to U.S. President Donald Trump for 50...
Trump No Kings protests military parade
LA County Sheriffs stand guard as demonstrators attend a "No Kings Day" protest against President Donald Trump's policies outside City Hall, in downtown Los Angeles, California, U.S., June 14, 2025. Mike Blake | ReutersTanks, troops and marching bands assembled in the...
G7 leaders gather in Canada for summit overshadowed by crisis
The flags of Canada, France, Germany, Italy, Japan, the United Kingdom, the United States, and the European Union ahead of the Group of Seven (G-7) Leaders' Summit in Banff, Alberta, Canada, on Saturday, June 14, 2025. Bloomberg | Bloomberg | Getty ImagesLeaders of...
Israel targets Iran’s defense ministry, Tehran launches missile strike
Emergency and rescue soldiers search for trapped people around heavily damaged buildings after an overnight missile strike from Iran on June 15, 2025 in Bat Yam Israel. Iran launched a retaliatory missile strike on Israel starting late on June 13, after a series of...
U.S. judge blocks State Department’s planned overhaul, mass layoffs
U.S. Secretary of State Marco Rubio speaks to the media during a refueling stop at Shannon Airport in Shannon, Ireland, March 12, 2025, as he travels from talks with Ukraine in Saudi Arabia to attending a G7 Foreign Ministers meeting in Canada. Saul Loeb | Via...
What is Israel’s Iron Dome? How the missile defense system works
A projectile hit buildings as Israeli Iron Dome air defense system fires to intercept missiles over Tel Aviv, Israel, Friday, June 13, 2025.Leo Correa | AP PhotoThe Iron Dome missile defense system, or "Kippat Barzel" in Hebrew, is widely regarded as one of the most...
White House reviews SpaceX contracts as Trump-Musk feud simmers: Reuters
SpaceX headquarters is shown in Hawthorne, California, U.S. June 5, 2025.Daniel Cole | ReutersThe White House earlier this month directed the Defense Department and NASA to gather details on billions of dollars in SpaceX contracts following the public blowout between...
Minnesota lawmaker killed in ‘politically motivated assassination,’ Gov. Tim Walz says
Minnesota Legislature House Speaker Melissa Hortman, DFL-Brooklyn Park held a morning press conference to lay out the priorities of the DFL majority Wednesday, Jan. 4, 2023 St. Paul, Minn.Glen Stubb | Star Tribune | Getty ImagesFormer Minnesota House Speaker Melissa...
Trump’s military parade becomes reality
A Sikorsky UH-60 Black Hawk helicopter to be used in the U.S. Army's 250th Birthday Celebration and Parade, is seen near U.S. Capitol in Washington, D.C., U.S., June 11, 2025. Alexander Drago | ReutersWASHINGTON — Thousands of troops will descend on Washington, D.C.,...
Trump loses bid to rehear E. Jean Carroll case appeal
Writer E. Jean Carroll arrives at the 2nd U.S. Circuit Court of Appeals, where former U.S. President Donald Trump will arrive to ask a federal appeals court to overturn a $5 million jury verdict finding him liable for sexually assaulting and defaming her, who accused...
Trump tariffs will hike inflation to 3%
Former Treasury Secretary Janet Yellen predicts President Donald Trump's tariffs will cause prices to rise and average household income to fall, despite a slowing trend in the U.S. inflation rate."I would expect inflation, on a year-over-year basis of this year, to...
Trump administration tells 500,000 immigrants to ‘self-deport’
A farmworker works in a strawberry field on June 12, 2025 in Oxnard, California. Anti-immigration crackdowns ordered by US President Donald Trump has seen federal authorities target factories and work sites since June 6, sparking days of angry protests in Los Angeles....
Trump urges Iran to reach nuclear deal ‘before there is nothing left’
President Donald Trump looks on during a National Economic Council meeting in the Oval Office at the White House March 24, 2017 in Washington, DC.Getty ImagesU.S. President Donald Trump on Friday morning urged Tehran to reach a nuclear deal "before there is nothing...
World leaders react to Israel’s strikes on Iran
People look over damage to buildings in Nobonyad Square following Israeli airstrikes on June 13, 2025 in Tehran, Iran.Majid Saeedi | Getty Images News | Getty ImagesWorld leaders are calling for restraint after Israel launched a series of airstrikes on Iran early...
Trump controls California National Guard after appeals court action
Police and national guards take measures as thousands of anti-ICE protesters are gathered outside of the Federal Building in Los Angeles, California on June 9, 2025 amid protests over immigration raids. Tayfun Coskun | Anadolu | Getty ImagesA federal appeals court...
Iran launches 100 drones at Israel in response to missile attack
Traffic flows on a highway in the Iranian capital Tehran on June 13, 2025 following reported Israeli strikes targeting Iran early in the morning. AFP | Getty ImagesDUBAI, United Arab Emirates — Iran launched more than 100 drones toward Israeli territory Friday morning...
Israel attacks Iran, kills armed forces chief Bagheri
People gather near damaged vehicles in the aftermath of Israeli strikes, in Tehran, Iran, June 13, 2025. Majid Asgaripour | WANA | Via ReutersIsrael launched a series of airstrikes against Iran early Friday morning local time, targeting locations it said were related...
Sen. Alex Padilla handcuffed at DHS press conference: Full video
Police handcuffed Sen. Alex Padilla, D-Calif., and pushed him to the ground Thursday after forcibly removing him from a press conference Homeland Security Secretary Kristi Noem was holding in Los Angeles.Padilla had entered the room and interrupted Noem as she was...
Trump signs resolutions to roll back California’s EV plans
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump on Thursday is signing three congressional resolutions that target California's statewide efforts to adopt electric vehicles and...
Trump calls Fed chief Powell ‘numbskull’ as he urges interest rate cut
US Federal Reserve Chair Jerome Powell waits to speak during a conference marking the 75th anniversary of the International Finance Division of the Federal Reserve Board in Washington, DC, on June 2, 2025.Andrew Caballero-Reynolds | AFP | Getty ImagesPresident Donald...
Trump wanted an Iran deal fast. Now he may get military confrontation
This combination of pictures created on April 09, 2025 shows US Middle East envoy Steve Witkoff after a meeting with Russian officials at Diriyah Palace, in Riyadh, Saudi Arabia, on February 18, 2025 (L); and Iran's Foreign Minister Abbas Araghchi speaking to AFP...
India’s Q4 FY25 Private Consumption Slows; Fiscal Deficit on Track, Reveals BoB Report, ET BFSI
Private consumption in the Indian economy moderated slightly in the fourth quarter of FY25, according to a recent report by Bank of Baroda.The report added that the real private consumption spending grew by 5.9 per cent in Q4FY25, a marginal dip from 6.2 per cent...
India Moves Towards Universal KYC System for Financial Sector, ET BFSI
New Delhi: Financial sector regulators, including the Reserve Bank of India, will look at a universal know your customer (KYC) framework and develop systems with the Central Know Your Customer Registry (CKYCR) to promote the inter-usability of records and avoid...
RBI Steps Up Oversight on Payment Firms to Combat Fraud in Digital Payments, ET BFSI
The Reserve Bank of India has tightened its scrutiny of newly licensed payment aggregators with regular audits and close inspection of the procedures they follow, according to industry executives.After the regulator brought digital payments within its ambit, it is...
U.S. preparing to partially evacuate Iraq embassy over regional security risks: Reuters sources
US and French soldiers stand guard at Union III Camp in the Green Zone of the Iraqi capital Baghdad on May 22. Ahmad Al-Rubaye | AFP | Getty ImagesThe United States is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave...
India Tightens Rules on Overseas Remittances, Bans Foreign Currency Time Deposits, ET BFSI
MUMBAI -India's central bank plans to tighten rules for overseas remittances by resident Indians, barring them from holding foreign currency deposits with lock-in periods, two government sources said.The Reserve Bank of India (RBI) will amend regulations to prevent...
Tariff pause for countries in ‘good faith’ talks
U.S. Treasury Secretary Scott Bessent testifies before the House Ways and Means Committee in the Rayburn House Office Building in Washington, D.C., on June 11, 2025.Kevin Dietsch | Getty ImagesTreasury Secretary Scott Bessent signaled the Trump administration's...
RBI Reports Over 50% Drop in Digital Banking Frauds in FY25, ET BFSI
Fraud cases involving internet and cards in the banking sector fell by more than 50% in FY25 over the corresponding year (FY24). It comes a year after a sharp increase in frauds under the internet and cards category, which rose by four times between 2022-23 and...
Sebi Launches Verified UPI to Prevent Stock Market Scams, ET BFSI
MUMBAI: To counter the increasing menace of stock market related cyber frauds, Sebi on Wednesday said it will launch a verified payment mechanism that will show if investors transferring funds are paying to genuine Sebi-registered entities or not. The new mechanism...
PBS, NPR funding at risk as House votes on $9.4 billion in DOGE cuts
U.S. President Donald Trump and U.S. House Speaker Mike Johnson react during an Invest America Roundtable in the State Dining room, at the White House, in Washington, U.S., June 9, 2025. Evelyn Hockstein | ReutersThe House on Wednesday moved a step closer to approving...
U.S. tariffs on China won’t change again, Lutnick says
Commerce Secretary Howard Lutnick said Wednesday that U.S. tariff levels on Chinese imports will not change from their current levels, even as a trade deal between Washington and Beijing has yet to be finalized.Asked on CNBC's "Money Movers" if the current U.S....
Fulbright board quits over Trump admin scholarship meddling
The Harry S. Truman Federal Building, headquarters of the U.S. Department of State, is pictured on October 8, 2024 in Washington, DC. Kevin Dietsch | Getty ImagesThe entire Fulbright Foreign Scholarship Board resigned over what it said Wednesday was meddling by the...
Trump says China will supply rare earths in ‘done’ deal
U.S. President Donald Trump takes questions from the media at the White House in Washington, D.C., U.S., May 7, 2025.Leah Millis | ReutersU.S. President Donald Trump Wednesday said that China will supply rare earths upfront to the U.S. as part of a trade agreement.The...
Terry Moran out at ABC News for Trump, Miller hater post
Terry Moran on ABC News on November 5, 2024.David Russell | Disney General Entertainment Content | Getty ImagesABC News said Tuesday it is cutting ties with star national correspondent Terry Moran over a social media post in which he called President Donald Trump and...
RBI’s Active Use of Cash Reserve Ratio to Enhance Liquidity Management, ET BFSI
RBI to use cash reserve ratio more actively to manage liquidity, says sourceIndia's central bank plans to use cash reserve ratio "more often" as a tool to manage liquidity and speed up monetary policy transmission, moving away from the practice of deploying it only in...
Trump tariffs may remain in effect while appeals proceed, U.S. appeals court rules
U.S. President Donald Trump speaks to the media upon arrival at Joint Base Andrews following a visit to North Carolina, in Maryland, U.S., June 10, 2025. Evelyn Hockstein | ReutersA federal appeals court allowed President Donald Trump's most sweeping tariffs to remain...
Trump Treasury Sec. Bessent leaves but U.S.-China trade talks continue
U.S. Treasury Secretary Scott Bessent leaves on his way back to the U.S., while trade talks between the U.S. and China continue, in London, Britain, June 10, 2025. Toby Melville | ReutersU.S. Treasury Secretary Scott Bessent said Tuesday he is departing ongoing trade...
Elon Musk says he regrets some social media posts he made about Trump
"I regret some of my posts about President @realDonaldTrump last week. They went too far," Elon Musk said on the X social media platform.Alex Wroblewski | Afp | Getty ImagesTech billionaire Elon Musk on Wednesday said he regretted some of the social media posts he...
Trump says D.C. military parade protesters will see heavy force
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., June 10, 2025. Nathan Howard | ReutersPresident Donald Trump warned Tuesday that protestors at his upcoming military parade in Washington, D.C., will be met with "heavy...
California seeks bar on troops in LA
California National Guard personnel stand outside the Edward R. Roybal federal building after their deployment by U.S. President Donald Trump, in response to protests against immigration sweeps, in Los Angeles, California, U.S. June 8, 2025. David Ryder |...
Trump military deployments to LA will cost $134 million
Members of the California Nationa Guard stand watch outside the Edward R. Roybal Federal Building on the morning of June 10, 2025, following another day of protests in response to federal immigration operations in Los Angeles. Ronaldo Schemidt | Afp | Getty...
Framed immigrant gets bond in deportation case
ICE arrested Ramon Morales-Reyes, a 54-year-old from Mexico on May 22, 2025.Courtesy: U.S. Homeland SecurityThe undocumented Mexican immigrant who was detained after being framed by a jailed inmate for threatening President Donald Trump can be released on a $7,500...
Nirmala Sitharaman Leads 29th FSDC Meeting to Enhance Financial Stability in India, ET BFSI
Finance Minister Nirmala Sitharaman chairs 29th FSDC meeting in MumbaiNew Delhi [India], June 10 (ANI): The Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, chaired the 29th meeting of the Financial Stability and Development Council (FSDC) in...
RBI’s mammoth rate cut to diligently perform a new troika: SBI Research, ET BFSI
New Delhi, The RBI monetary policy committee's (MPC) decision to go for a relatively mammoth cut, while changing the stance to neutral, should not be confused with a pause on future rate cuts trajectory in the medium term, but rather a semblance of adopting flexible...
RBI to Auction Rs 5000 Cr Sovereign Green Bonds Amid Rs 30,000 Cr G-Sec Sale, ET BFSI
RBI to re-issue Sovereign Green Bonds of Rs 5000 cr in upcoming Rs 30,000 cr govt securities auctionNew Delhi [India], June 10 (ANI): The Reserve Bank of India (RBI) has announced the re-issue of sovereign green bonds (SGrBs) as part of the upcoming government...
Fund managers lobby Congress on Section 899 to avert foreign investors exit
American fund managers are lobbying Congress over a provision tucked inside President Donald Trump's tax bill that they say could lead to foreign investors "quickly" pulling investments out of the U.S.The "One Big Beautiful Bill Act," which passed through the U.S....
RBI Calls for Urgent Reforms in India’s Microfinance Sector Amidst Crisis, ET BFSI
India's microfinance sector continues to grapple with high interest rates, rising borrower over-indebtedness, and coercive recovery practices, highlighting the need for urgent lender reforms, a deputy governor of the central bank said. "The (microfinance) sector...
Piyush Goyal Highlights Growth Amid Global Economic Changes, ET BFSI
Bern, There is no declining trend in Foreign Direct Investments (FDI) into India, though periodic fluctuations may occur sometimes due to global interest rate changes, Commerce and Industry Minister Piyush Goyal has said.He added India is seeing renewed overseas...
Trump to keep Starlink at White House despite break with Elon Musk
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPresident Donald Trump said on Monday he has no plans to discontinue Starlink at the...
Trump supports arrest of California Gov. Newsom
California Governor Gavin Newsom (R) speaks as California Attorney general Rob Bonta looks on during a news conference at Gemperle Orchard on April 16, 2025 in Ceres, California.Justin Sullivan | Getty ImagesPresident Donald Trump said Monday that he would support...
CEOs to unveil investments for newborns at White House
US President Donald Trump gives a thumbs up as he exits Marine One and walks to board Air Force One at Joint Base Andrews, Maryland, on June 6, 2025. Andrew Caballero-Reynolds | AFP | Getty ImagesThe CEOs of Uber, Dell, Goldman Sachs and more are expected to announce...
RBI’s surprise rate, CRR cuts may accelerate banks’ earnings recovery: Analysts, ET BFSI
Mumbai: The Reserve Bank of India's surprise 50 basis points cut in the repo rate is expected to lead to an earlier-than-anticipated bottoming out of net interest margins (NIMs) for banks, potentially paving the way for a quicker earnings recovery, according to...
RBI Rate Cut Fuels Bullish Start for Indian Stock Markets; Sensex and Nifty Surge 0.5%, ET BFSI
Mumbai (Maharashtra) [India], June 9 (ANI): Indian stock markets started the week on a strong note, opening higher on Monday as investor confidence got a boost from the recent jumbo rate cut announced by the Reserve Bank of India (RBI).The Nifty 50 index opened at...
Trump’s travel ban immigration enforcement
FILE PHOTO: An international traveler arrives after U.S. President Donald Trump's executive order travel ban at Logan Airport in Boston, Massachusetts, U.S. January 30, 2017. REUTERS/Brian Snyder/File PhotoBrian Snyder | ReutersPresident Donald Trump's new ban on...
Engagement Note Revealed, ET BFSI
Capital markets regulator Sebi has issued a corrigendum to its recent interim order in the IndusInd Bank insider trading case. The market regulator clarified that a key document in its investigation was incorrectly referred to as a “board note” in the original order...
China and U.S. trade officials to hold talks in London
TangMan Photography | Getty ImagesU.S. President Donald Trump's top trade officials are meeting their Chinese counterparts in London on Monday for talks aimed at resolving an ongoing trade dispute between the world's two largest economies.U.S. Treasury Secretary Scott...
RBI’s bold rate cut sets stage for market rally: Sandip Sabharwal, ET BFSI
"I think most of the MFI-focused companies are trading at somewhat distressed valuations. And there were two comments, specifically, one that the RBI has clearly stated that they see easing stress on the unsecured loan book, so that is overall good for the financial...
Speaker Johnson hopes Musk and Trump can ‘reconcile’ their differences after public fallout
US Speaker of the House Mike Johnson, Republican from Louisiana, speaks during a news conference after a House Republican conference meeting on Capitol Hill in Washington, DC on June 4, 2025. Saul Loeb | Afp | Getty ImagesHouse Speaker Mike Johnson said Sunday that he...
What to know about Trump’s deployment of National Guard troops to L.A. protests
President Donald Trump says he's deploying 2,000 California National Guard troops to Los Angeles to respond to immigration protests, over the objections of California Gov. Gavin Newsom.It's not the first time Trump has activated the National Guard to quell protests....
Protesters rally against ICE for second day in Los Angeles
"Death to ICE" is written on a garbage cart following multiple detentions by Immigration and Customs Enforcement (ICE), in downtown Los Angeles on June 6, 2025.Daniel Cole | ReutersFederal agents in Los Angeles on Saturday faced off against demonstrators protesting...
Trump deploys National Guard to Los Angeles for immigration protests
U.S. Border Patrol and protesters clash after a raid was conducted by Immigration and Customs Enforcement near a Home Depot of illegal immigrants in Paramount, California on June 06, 2025.Anadolu | Anadolu | Getty ImagesPresident Donald Trump signed an order to deploy...
Elon Musk will face consequences if he backs Democrats
U.S. President Donald Trump gestures while boarding Air Force One as he departs for New Jersey at Joint Base Andrews, Maryland, U.S., June 6, 2025. Nathan Howard | ReutersPresident Donald Trump told NBC News on Saturday that Elon Musk would see "serious consequences"...
Elon appears to delete X posts
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025.Nathan Howard | ReutersElon Musk has appeared to delete some of his posts on his social media platform X that escalated...
JD Vance says Musk huge mistake Trump
Vice President JD Vance said Elon Musk was making a "huge mistake" going after President Donald Trump in a storm of bitter and inflammatory social media posts after a falling out between the two men.But the vice president, in an interview released Friday after the...
Cryptocurrencies Threaten India’s Financial Stability; No New Regulations Yet, ET BFSI
Crypto trading in India: Could hamper financial stability, says RBI gov; no new Bill yetThe Reserve Bank of India once again raised red flags over cryptocurrencies, warning that these digital assets could threaten the financial stability and monetary policy.Speaking...
Kilmar Abrego Garcia returns to face immigrant smuggling charges
U.S. Reps. Nydia Velazquez, D-N.Y., at left, and Juan Vargas, D-Calif., hold pictures of Kilmar Abrego Garcia during a news conference to discuss Abrego Garcia’s arrest and deportation, at the Cannon House Office Building in Washington, April 9, 2025.Alex Wong | Getty...
Last Chance to File!, ET BFSI
New Delhi, GST Network on Saturday said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date.The July 2025 tax period means taxpayers will file monthly returns in August...
Trump says he has no plans to speak to Musk as feud persists
President Donald Trump said on Friday that he has no plans to speak with Elon Musk, signaling the president and his former ally might not resolve their feud over a sweeping tax-cut bill any time soon.Addressing reporters aboard Air Force One, Trump said he wasn't...
RBI’s ‘unanticipated surprise’ move to cut repo rate will boost credit growth: Bankers, ET BFSI
Welcoming the 0.50 per cent rate cut along with a staggered reduction in the cash reserve ratio, bankers on Friday affirmed that the RBI moves will lead to an acceleration in the credit growth.CS Setty, Chairman of the largest lender SBI, who also chairs the...
Trump says China’s Xi agreed to let rare earth minerals flow to U.S.
U.S. President Donald Trump speaks to reporters aboard Air Force One en route to New Jersey, U.S., June 6, 2025. Nathan Howard | ReutersU.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to...
Trump announces U.S.-China trade talks in London next week
Treasury Secretary Scott Bessent and two other Trump administration officials will meet with their Chinese counterparts in London on Monday for renewed trade talks, President Donald Trump said.Bessent, who has been leading the administration's efforts to craft a deal...
Trump might sell Tesla after Musk feud
A Tesla vehicle is parked on West Executive Avenue near the White House and the Eisenhower Executive Office building in Washington, D.C., U.S., June 5, 2025.Jeff Mason | ReutersPresident Donald Trump is the latest Tesla owner to think about getting rid of his car...
RBI Denies Annapurna Finance’s Request for Universal Bank License, ET BFSI
RBI rejects Annapurna Finance's Universal Bank License applicationThe Reserve Bank of India (RBI) on Friday, through a press release, announced its decision on a universal bank application it had received.The Central Bank said it has completed the examination of the...
Trump urges Fed chief Powell to cut rates
US President Donald Trump during a meeting with Chancellor of Germany Friedrich Merz in the Oval Office of the White House on Thursday June 5, 2025. Demetrius Freeman | The Washington Post | Getty ImagesPresident Donald Trump on Friday urged Federal Reserve Chairman...
Musk vs Trump dominated, yet Germany’s Merz walked away with a win
President Donald Trump gestures toward the press as he greets German Chancellor Friedrich Merz upon arrival at the West Wing of the White House in Washington, DC, on June 5, 2025.Saul Loeb | Afp | Getty ImagesGerman Chancellor Friedrich Merz's meeting with U.S....
Cryptocurrencies Threaten India’s Financial Stability; No New Regulations Yet, ET BFSI
Crypto trading in India: Could hamper financial stability, says RBI gov; no new Bill yetThe Reserve Bank of India once again raised red flags over cryptocurrencies, warning that these digital assets could threaten the financial stability and monetary policy.Speaking...
Trump ‘not interested’ in Musk call, White House official says
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPresident Donald Trump is "not interested" in a call with Tesla CEO Elon Musk to resolve...
India’s Forex Reserves Adequately Cover External Debt and Imports, Says RBI Governor, ET BFSI
By Siddhi NawarAt the Reserve Bank of India’s 55th monetary policy meeting in April, Governor Sanjay Malhotra shared a comprehensive overview of India’s external sector performance, trade dynamics, and investment inflows.In his monetary policy statement, Governor...
Trump threatens Tesla CEO Elon Musk companies’ contracts
President Donald Trump on Thursday called Tesla CEO Elon Musk "CRAZY" and threatened to cut his companies' government contracts as the two men feuded over a major tax bill."The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate...
SpaceX to decommission Dragon over Trump threat
Elon Musk on Thursday said that his company SpaceX will begin decommissioning its Dragon spacecraft "immediately" because of threats by President Donald Trump to cancel government contracts with Musk's businesses.But hours later, Musk said, "Ok, we won't decommission...
Trump-Musk feud draws reactions from billionaires, politicians and pundits
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | ReutersDonald Trump and Elon Musk seemed inseparable not so long ago: attending events together, doing joint...
A timeline of Donald Trump and Elon Musk’s relationship
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | ReutersJuly 2024Musk publicly endorses Trump following an assassination attempt at a campaign rally in Butler,...
Trump says Musk slams bill over NASA post, EV credit
President Donald Trump on Thursday said that Elon Musk has been criticizing his proposed tax bill because the Tesla CEO is "upset" about the elimination of EV credits in the package, and his pick to run NASA being nixed by the Trump administration.Trump spoke after...
Duffy threatens to pull $4 billion from California high-speed rail
Transportation Secretary Sean Duffy holds a news conference at Newark Liberty International Airport, where he announced the reopening of a major runway at the airport, nearly two weeks ahead of schedule on June 2, 2025 in Newark, New Jersey. Spencer Platt | Getty...
Musk ramps up Trump tax bill attacks
Tesla CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., on April 30, 2025.Evelyn Hockstein | ReutersElon Musk on Wednesday ramped up his attacks against the massive tax-cut bill President Donald Trump...
Trump holds call with Xi, Chinese media says
President Donald Trump held a phone call with China President Xi Jinping, Chinese media outlet Xinhua reported Thursday.The call was initiated by Trump, Beijing's Ministry of Foreign Affairs said in a subsequent statement.The White House did not immediately respond to...
Trump admin loses appeal against bar on Education Department layoffs
A U.S. Department of Education employee leaves the building with their belonging on March 20, 2025 in Washington, DC.Win McNamee | Getty ImagesThe Trump administration on Wednesday lost a bid to lift a federal judge's order temporarily blocking the U.S. Education...
Trump threat case: Immigrant remains in detention
ICE arrested Ramon Morales-Reyes, a 54-year-old from Mexico on May 22, 2025.Courtesy: U.S. Homeland SecurityAn undocumented immigrant who prosecutors say was framed by a jail inmate for writing threatening letters about President Donald Trump was ordered Wednesday to...
Massive Gold Purchases by Central Banks on the Rise for Fourth Consecutive Year, Reports Metals Focus, ET BFSI
Central banks on track for 4th year of massive gold purchases, Metals Focus saysBy Polina DevittLONDON - Central banks worldwide are on track to buy 1,000 metric tons of gold in 2025, which would be their fourth year of massive purchases as they diversify reserves...
Focus on Sustaining Economic Growth Amid Inflation Drop, ET BFSI
RBI's MPC to keep its focus on growth momentum; 25 bps rate cut likely: CareEdge RatingsNew Delhi [India], June 5 (ANI): The Monetary Policy Committee (MPC) is expected to maintain its focus on supporting the ongoing recovery in economic growth momentum, Careedge...
Trump bans citizens of 12 countries from travel to the U.S.
The Trump administration signed a proclamation Wednesday suspending travel to the U.S. for citizens from 12 countries: Afghanistan, Myanmar, Chad, Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen.Citing national security interests, the...
Trump admin cannot deport Colorado attack suspect family
A man reads a note placed on a memorial at the scene of an attack that injured multiple people, outside the Boulder County Courthouse, in Boulder, Colorado, U.S. June 2, 2025.Mark Makela | ReutersA federal judge on Wednesday temporarily barred the Trump administration...
As Germany’s Merz meets Trump, these topics are top of his agenda
The flags of the U.S. and Germany are on the table at a bilateral meeting between German Economics Minister Habeck and U.S. Secretary of State Blinken at a hotel on the Gendarmenmarkt. Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture alliance via Getty...
Finance Minister Nirmala Sitharaman to chair FSDC meeting on June 10, ET BFSI
New Delhi: Finance minister Nirmala Sitharaman will chair a meeting of Financial Stability and Development Council (FSDC) in Mumbai on June 10 to review current domestic and global economic scenario and regulatory and supervisory issues, a senior official said.The...
Trump suspends entry of international students studying at Harvard
A Harvard sign is seen at the Harvard University campus in Boston, Massachusetts, on May 27, 2025. Rick Friedman | Afp | Getty ImagesU.S. President Donald Trump on Wednesday suspended for an initial six months the entry into the United States of foreign nationals...
Retail Inflation Set to Hit 6-Year Low of 3% in May with Declining Food Prices, ET BFSI
Retail inflation, or the Consumer Price Index (CPI), will continue to moderate to 3.0 per cent in May, a six-year low, mainly due to the sequential moderation in prices of cereals and pulses even as most other segments started to strengthen, according to a Union Bank...
Experts Split on Future of Interest Rates, ET BFSI
The Reserve Bank of India’s Monetary Policy Committee (MPC) begins its crucial three-day meeting today in Mumbai to decide the course of India’s key interest rates. Chaired by RBI Governor Sanjay Malhotra, the committee’s decision will be announced on Friday, June 6,...
Trump directs probe into Biden’s use of autopen, Biden says policy decisions were his
Former U.S. President Joe Biden speaks during a ceremony, at Veterans Memorial Park in Wilmington, Delaware, U.S. May 30, 2025. Ken Cedeno | ReutersU.S. President Donald Trump directed his White House counsel on Wednesday to investigate whether former President Joe...
Education Dept. says Columbia fails to meet accreditation standards
Students are seen on the campus of Columbia University on April 14, 2025, in New York City. Charly Triballeau | Afp | Getty ImagesThe U.S. Education Department said Wednesday that Columbia University has failed to meet the standards for accreditation because it "is in...
Republican FCC commissioner Simington will step down this week
Nathan Simington, Commissioner at the Federal Communications Commission (FCC) testifies during a House Energy and Commerce Committee Subcommittee hearing on March 31, 2022 in Washington, DC. The subcommittee held a hearing on oversight of the FCC. Kevin Dietsch |...
Ron Johnson rips into Trump tax bill
Republican Sen. Ron Johnson on Wednesday blasted President Donald Trump's "one big, beautiful bill" as "immoral" and "grotesque," and reiterated that he will vote against it unless his GOP colleagues make major changes."This is immoral, what us old farts doing to our...
Putin vowed Russia retaliation against Ukraine
Russian President Vladimir Putin and U.S. President Donald Trump.Mikhail Metzel | Evelyn Hockstein | Via ReutersPresident Donald Trump on Wednesday said he spoke with Russian leader Vladimir Putin for well over an hour about Ukraine's latest attack on Russian...
Trump tax bill CBO score finds BBB would add $2.4 trillion to deficit
House Judiciary Committee Chairman Rep. Jim Jordan (R-OH) (C) speaks alongside U.S. Speaker of the House Mike Johnson (R-LA) at a news conference after the House narrowly passed a bill forwarding President Donald Trump's agenda at the U.S. Capitol on May 22, 2025 in...
Dutch government collapse strands Netherlands ahead of key NATO summit
TOPSHOT - Dutch radical right party PVV leader Geert Wilders (C) addresses the media as he arrives for the weekly coalition talks in the Lower House in The Hague, on June 3, 2025. (Photo by Robin van Lonkhuijsen / ANP / AFP) / Netherlands OUT (Photo by ROBIN VAN...
Trump says ‘Too Late’ Powell must lower interest rates after weak ADP jobs report
U.S. Federal Reserve Chair Jerome Powell departs after holding a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, D.C., U.S., May 7, 2025. Kevin Lamarque | ReutersPresident Donald Trump on...
Government Maintains Current FDI Policy for Land Border Nations, ET BFSI
New Delhi, The government has not made any amendments to the foreign direct investment (FDI) policy for countries sharing land border with India, sources said on Wednesday.In 2020, the government issued Press Note 3 under which investors from these land bordering...
RBI’s Monetary Policy Committee Set to Implement Third Rate Cut Amidst Benign Inflation, ET BFSI
New Delhi, The Reserve Bank of India's Monetary Policy Committee (MPC) meeting kicked off on Wednesday to decide on the repo rate cut and according to economists and industry experts, the Central Bank is likely to go for a third 25 bps cut in the repo rate to 5.75 per...
Economists Split on Third Repo Rate Cut, ET BFSI
The Reserve Bank of India’s Monetary Policy Committee (MPC) began its two-day meeting in Mumbai this week to review interest rates, while economists offer different views on how the central bank should proceed.Some economists, like Debopam Chaudhuri of the Piramal...
Elon Musk tenure at DOGE subject of Sen. Warren report
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesSen. Elizabeth Warren's office issued a report Tuesday chronicling Elon Musk's "130...
Trump death threat letters were deportation plot: Court documents
Homeland Security Secretary Kristi Noem speaks to employees at the Department of Homeland Security, Tuesday, Jan. 28, 2025, in Washington, U.S. Manuel Balce Ceneta | Via ReutersThreatening letters about President Donald Trump that led to the highly-touted arrest by...
Colorado fire attack suspect family taken into ICE custody
U.S. Secretary of Homeland Security (DHS) Kristi Noem testifies before the House Appropriations Homeland Security Subcommittee hearing on oversight of the Department of Homeland Security, on Capitol Hill in Washington, D.C., U.S., May 6, 2025. Kevin Lamarque |...
Musk blasts Trump Big Beautiful Bill
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025.Nathan Howard | ReutersElon Musk on Tuesday tore into the massive tax-and-spending-cut bill backed by President Donald...
Trump slams Rand Paul for opposing bill due to debt ceiling hike
President Donald Trump on Tuesday blasted Sen. Rand Paul after the Kentucky Republican criticized the massive Trump-backed budget bill over its provision to raise the debt ceiling by trillions of dollars.Paul, a staunch libertarian, said on CNBC's "Squawk Box" that he...
Trump’s foreign student policy could deter next Elon Musk: Ro Khanna
Democratic Rep. Ro Khanna of California warned Tuesday that the nation's economy and talent pipeline could take a hit if international students opt against attending colleges in the United States because of President Donald Trump's visa policies."The reality is that...
Trump NJ lawyer Habba sued over Baraka ICE jail arrest
Alina Habba, Acting U.S. Attorney for the District of New Jersey, arrives at the courthouse where Mayor of Newark, Ras Baraka's hearing will be held on May 15, 2025 in Newark, New Jersey. Stephanie Keith | Getty ImagesNewark, New Jersey, Mayor Ras Baraka sued his...
Nomura Predicts RBI to Slash Repo Rate by 100 Basis Points by 2025, ET BFSI
RBI expected to cut repo rate by 100 basis points by 2025 end: NomuraNew Delhi, The Reserve Bank of India (RBI) is expected to cut the repo rate by 100 basis points -- from 6 per cent to 5 per cent -- by the end of 2025, according to a Nomura report.In its 'Asia H2...
Focus on AI, CBDC Expansion, and Fraud Detection, ET BFSI
RBI’s FY26 Fintech Playbook: AI Framework, CBDC expansion, Mule Hunt & B2C in ULIBy Sarthak MehtaThe Reserve Bank of India (RBI) announced this fiscal year's agenda regarding FinTech in its Annual Report 2024- 25.The objectives were listed following a status...
RBI Reduces Dollar Exposure and Boosts Rupee Liquidity, ET BFSI
Mumbai: The Reserve Bank of India (RBI) has started cutting its forward positions and countering its impact by infusing durable rupee liquidity via open market operations (OMOs). The central bank's total net short dollar position in the forward book fell to $52.4...
Positive Outlook for India’s Economy, Says ICICI Bank, ET BFSI
The Reserve Bank of India's (RBI) decision to maintain higher risk buffers is expected to strengthen its balance sheet and support India's macroeconomic fundamentals, especially at a time when global oil prices are expected to remain benign, according to a recent...
Dutch government collapses as Wilders withdraws party from coalition
The Netherlands far-right PVV Freedom Party leader Geert Wilders speaks to the media representatives following the European Parliament elections provisional results in The Hague on June 6, 2024. Emiel Muijderman | Afp | Getty ImagesThe Dutch government collapsed on...
Boulder fire attack suspect Soliman charged with federal hate crime
Mohamed Sabry Soliman, man accused of attacking a rally supporting Israeli hostages in Boulder, Colorado.Obtained by NBC NewsFederal prosecutors on Monday charged the suspect in a fire attack on demonstrators in Boulder, Colorado, with a charge of hate crime.A...
Trump ‘close’ on some trade deals: Top White House aide
Deputy Treasury Secretary Michael Faulkender said Monday that the Trump administration continues "to make very good progress" on trade negotiations, and it is "close to the finish line on a couple" of deals."As long as we continue to make progress, I think you're...
Trump and China’s Xi will likely talk very soon: White House
President Donald Trump and China's President Xi Jinping shake hands at a press conference following their meeting at the Great Hall of the People in Beijing.Artyom Ivanov | TASS | Getty ImagesPresident Donald Trump and Chinese President Xi Jinping are likely to speak...
RBI Expected to Implement Major 50 Basis Points Rate Cut: SBI Research, ET BFSI
RBI may go for 'jumbo rate cut' of 50 bps on Friday: SBI researchNew Delhi, The Reserve Bank of India (RBI) may go for a "jumbo rate cut" of 50 basis points on Friday to reinvigorate the credit cycle and counterbalance uncertainties, said SBI research report.RBI's...
Over Rs 6,181 Crore Still in Circulation Despite RBI Withdrawal, ET BFSI
Rs 2000 notes worth Rs 6,181 cr still in circulation: RBIMumbai, The high-value Rs 2000 notes worth Rs 6,181 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data released on Monday.Rs 2000 banknotes...
Rate cut expected, RBI’s views in focus with economy near a sizzle, ET BFSI
Mumbai: The Reserve Bank of India is expected to cut interest rates for the third straight monetary policy meeting this week amid easing price pressures, according to economists. They are now keenly awaiting the central bank's commentary on inflation and growth to get...
China says U.S. undermined Geneva trade deal after Trump accusations
Conflict between USA and China, male fists - governments conflict conceptYaorusheng | Moment | Getty ImagesChina on Monday refuted Washington's claims that it had broken the Geneva trade agreement, instead accusing the U.S. for breaching deal terms, signaling talks...
Experts Forecast 25 Basis Points Rate Cut on June 6 Amid Cooling Inflation, ET BFSI
New Delhi, As the RBI's Monetary Policy Committee (MPC) is set to meet later this week, analysts on Monday expected the Central Bank to go for a third consecutive rate cut of 25 basis points as inflation continues to remain below the median target of 4 per cent.The...
India Calls for Urgent Restoration of WTO Dispute Resolution System to Ensure Fair Trade, ET BFSI
Commerce and Industry Minister Piyush Goyal on Sunday said that finalising and restoring a dispute resolution mechanism of the World Trade Organisation (WTO) quickly is important to maintain the core philosophy of the Geneva-based multi-lateral body.He said that a...
Trump-backed nationalist clinches Poland’s presidency
WARSAW, POLAND - JUNE 01: Karol Nawrocki, presidential candidate of the Law and Justice Party (PiS), gestures as he arrives with his family to cast his ballot at a polling station during the Polish presidential runoff election on June 01, 2025 in Warsaw, Poland....
Musk says doesn’t want responsibility for all Trump policies
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesPresident Donald Trump lauded billionaire Elon Musk on Friday as the Tesla CEO wrapped...
Trump advisers say tariffs ‘not going away’ amid legal fight
US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, on May 30, 2025. Saul Loeb | AFP | Getty ImagesPresident Donald Trump's top economic advisers maintained confidence on Sunday that the "tariffs are not going away," as a key tenet of...
Trump and Xi could soon talk about trade, Hassett says
White House economic adviser Kevin Hassett gives a TV interview outside of the White House in Washington, U.S., May 9, 2025. Leah Millis | ReutersNational Economic Council director Kevin Hassett suggested on Sunday that President Donald Trump and China's President Xi...
New German leader Friedrich Merz will meet Trump at the White House next week
German conservative candidate for chancellor and Christian Democratic Union (CDU) party leader Friedrich Merz attends a press conference following the general election in Berlin, Germany, February 24, 2025. Fabrizio Bensch | ReutersGerman Chancellor Friedrich...
EU responds Trump raising steel tariffs to 50%
President Donald Trump speaks to supporters during a rally at the US Steel-Irvin Works on May 30, 2025 in West Mifflin, Pennsylvania. Jeff Swensen | Getty ImagesThe European Union on Saturday criticized President Donald Trump's move to double tariffs on steel imports,...
U.S. judge prevents Trump from invalidating 5,000 Venezuelans’ legal documents
U.S. military personnel escort alleged members of the Venezuelan gang Tren de Aragua and the MS-13 gang recently deported by the U.S. government to be imprisoned in the Terrorism Confinement Center (CECOT) prison, as part of an agreement with the Salvadoran...
Damning IAEA report spells out past secret nuclear activities in Iran
A picture taken on November 10, 2019, shows an Iranian flag in Iran's Bushehr nuclear power plant, during an official ceremony to kick-start works on a second reactor at the facility.ATTA KENARE | AFP via Getty ImagesIran carried out secret nuclear activities with...
RBI Considers Bank-Like Interest Rate Norms for NBFCs to Enhance Transparency, ET BFSI
RBI may introduce bank-like rate norms for NBFCs to plug policy gapsIn a bid to plug policy gaps and improve transparency in loan pricing, the Reserve Bank of India (RBI) is considering implementing interest rate regulations for non-banking finance companies (NBFCs)...
Finance ministry wants relief for small gold loans, ET BFSI
The finance ministry has suggested that the Reserve Bank of India (RBI) exempt small borrowers, seeking credit below Rs 2 lakh, from its draft directions on lending against gold collateral to ensure speedy disbursal of such loans. It also said the proposed rules...
RBI to Revamp Internet & Mobile Banking Regulations and Expand Digital Lending Platforms, ET BFSI
Reserve Bank of IndiaThe Reserve Bank of India (RBI) has announced plans to review the regulatory framework governing internet and mobile banking as part of its agenda for the new year, outlined in its latest annual report.The central bank will also broaden the scope...
PBS sues Trump over executive order to cut funding
The Public Broadcasting Service on Friday sued President Donald Trump to block his attempt to cut off its federal funding, and accused the president of retaliating against the public broadcaster over "perceived political slights in news coverage."Trump's executive...
RBI, BFSI News, ET BFSI
MUMBAI: The Reserve Bank of India is of the view that linking finance companies' lending rates with external benchmarks is not feasible even as the regulator is aiming at improving weak transmission of policy rates.RBI's annual report released on Thursday shows that...
India’s Household Financial Savings Projected to Reach ₹22 Lakh Crore by FY25, ET BFSI
The SBI analysis underscores the critical role household savings play in bridging fiscal and corporate deficits and bolstering overall financial system stability.MUMBAI: India’s net household financial savings are projected to rise to ₹22 lakh crore—equivalent to 6.5...
Pentagon chief Hegseth says U.S. ready to ‘fight and win’ against China
US Secretary of Defense Pete Hegseth (C) gestures beside Malaysia's Defence Minister Mohamed Khaled Nordin (R) and other defence officials from the Association of Southeast Asian Nations (ASEAN) during a multilateral meeting ahead of the Shangri-La Dialogue Summit in...
Elon Musk deflects question about drug use as Trump looks on
Tesla CEO Elon Musk looks up as he listens to U.S. President Donald Trump speak to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesTesla CEO Elon Musk on Friday deflected a reporter's effort to ask the...
Macron calls on Europe, Asia to prepare for a U.S.-China showdown
TOPSHOT - France's President Emmanuel Macron reacts during a meeting with Vietnam's President Luong Cuong sat the Presidential Palace in Hanoi on May 26, 2025. (Photo by Nhac NGUYEN / POOL / AFP) (Photo by NHAC NGUYEN/POOL/AFP via Getty Images) Nhac Nguyen | Afp |...
Trump, Musk hold DOGE event as talent leaves
President Donald Trump on Friday will host a press event to celebrate Elon Musk as the Tesla CEO concludes his official government service after four turbulent months leading the so-called Department of Government Efficiency.Musk's scheduled departure comes at a...
Trump can revoke immigrants protected status
Venezuelan migrants deported from the United States and stranded in Honduras disembark from a Conviasa Airlines plane upon arrival at Simon Bolivar International Airport in Maiquetia, Venezuela on March 24, 2025. Juan Barreto | Afp | Getty ImagesThe Supreme Court...
Trump accuses China of violating trade deal after tariffs threats
Chinese President Xi Jinping (L) and U.S. President Donald Trump (R).Fabrice Coffrini | Getty ImagesPresident Donald Trump on Friday accused China of violating a preliminary trade agreement with the United States, and suggested he would take action in response."So...
Finance Ministry Recommends Delay in RBI’s Gold Loan Guidelines, Boosts Muthoot and Manappuram Shares, ET BFSI
The Ministry of Finance on Friday said that it has recommended significant revisions to the Reserve Bank of India’s (RBI) draft directions on lending against gold collateral, including postponing the implementation. The Department of Financial Services (DFS) has...
Finance Ministry Advocates Exemption for Small Borrowers from RBI Gold Loan Norms, ET BFSI
New Delhi, The Finance Ministry said on Friday it has suggested that the Reserve Bank of India (RBI) should exclude small borrowers of up to Rs 2 lakh from the provisions of its draft directions on lending against gold collateral. The Finance Ministry has also...
India Must Act Now to Attract Foreign Investment Amid China Exodus, ET BFSI
India has a significant opportunity to attract foreign investment as multinational firms rethink their global supply chains, according to former Reserve Bank of India (RBI) Governor Raghuram Rajan. Speaking to CNBC-TV18 on May 28, Rajan emphasised that India needs to...
India Set to Introduce Crypto Assets Policy Framework Amid Growing Global Acceptance, ET BFSI
India is likely to float a discussion paper next month outlining policy framework options for crypto assets amid growing acceptance for them, thanks in large part to US President Donald Trump embracing digital currencies, people familiar with the matter said.The...
$30 Billion Outflows Prompt Comprehensive Review, ET BFSI
The Reserve Bank of India (RBI) is reviewing its 'liberalised remittance scheme', which saw outflows of around $30 billion in FY25, as it looks to rationalise the facility and promote the rupee as an international currency.The central bank is carrying out a...
RBI’s Net Income Soars by 27% Fuelled by Rising Interest Rates and Dollar Sales, ET BFSI
A surge in global interest rates and gains from dollar sales to stem the rupee’s fall boosted the Reserve Bank of India’s (RBI’s) FY25 net income by 27%, enabling it to transfer a record surplus to the central government and help bridge the fiscal gap. North Block’s...
RBI Rate Cut Forecast of 75 Basis Points by 2025 as Dollar Weakens, ET BFSI
Jefferies sees room for 75 bps rate cut by RBI in 2025 as dollar weakensGlobal financial services firm Jefferies said on Friday that the weakening of the US dollar has created room for the Reserve Bank of India (RBI) to lower its interest rates by up to 75 basis...
Reserve Bank of India to Tackle Mis-Selling by Banks and NBFCs with New Regulations, ET BFSI
Mumbai: The Reserve Bank of India (RBI) is working on issuing guidelines to address mis-selling of financial products and services by banks and NBFCs, whether these are their own or third-party offerings.In its annual report, the central bank said it will soon issue...
Credit Cards and Increased Loans for Street Vendors, ET BFSI
Street vendors to get credit cards, bigger loansThe PM SVANidhi scheme is being revamped to provide street vendors with higher subsidised loans and credit cards with a limit of Rs 30,000, facilitated by banks, ToI reported on May 30. The revamped scheme, which will...
Trump tariffs reinstated by appeals court for now
A federal appeals court on Thursday granted the Trump administration's request to temporarily pause a lower-court ruling that struck down most of President Donald Trump's tariffs.The Trump administration had earlier told the U.S. Court of Appeals for the Federal...
Trump could ask Supreme Court to halt tariff block as soon as Friday
U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025.Chip Somodevilla | Getty ImagesThe Trump administration said it may ask the U.S. Supreme Court as soon as Friday to immediately...
India’s Payment Systems Surge 34.8% in 2024-25, Driven by RTGS Transactions, ET BFSI
Indian payment and settlement systems record 34.8% increase in volumes, led by RTGS transactions~Samriddhi Singh Mahar India’s payment and settlement systems recorded strong growth in 2024-25, with transaction volumes rising by 34.8%, following a 44% increase in the...
RBI Reports Surge in Financial Liabilities Among Indian Households, ET BFSI
RBI data shows growing reliance of Indian households on financial liabilities~Samriddhi Singh Mahar Recent data from the annual report by the Reserve Bank of India (RBI) reveals a marked increase in the financial liabilities of Indian households. As a share of Gross...
Parliamentary Panel Calls for Amendments to Address Ambiguities in Insolvency and Bankruptcy Code, ET BFSI
Parliamentary panel flags 'ambiguities' in Insolvency and Bankruptcy CodeNew Delhi, A parliamentary committee on Thursday flagged "ambiguities" in the Insolvency and Bankruptcy Code (IBC), with sources saying that the government appeared to be considering amendments...
Public Sector Banks Bear the Brunt, ET BFSI
Fraud amount jumps 3 times in FY25, public sector banks hit moreMumbai, The overall number of frauds, including those related to loan accounts and digital payments, jumped by three times in FY25, primarily due to reclassification of 122 cases as per a Supreme Court...
RBI sees positive outlook for India’s economy in 2025-26 driven by consumption and capital spending, ET BFSI
RBI sees positive outlook for India’s economy in 2025-26 driven by consumption and capital spendingThe Indian economy is expected to maintain a promising outlook in 2025-26, supported by several positive factors, according to the Reserve Bank of India’s (RBI) annual...
RBI’s Balance Sheet Surges 8.2% to Rs 76.25 Lakh Crore, Guarantees Major Dividend to Government, ET BFSI
Mumbai, The size of the Reserve Bank's balance sheet as on March 31, 2025 increased by 8.20 per cent year-on-year, leading to a bumper dividend of Rs 2.69 lakh crore for the central government.Increase on assets side was due to rise in gold, domestic investments and...
RBI Set for Rate Cuts Amid Positive Agricultural Outlook, Claims Economist, ET BFSI
"If it comes true, then we are in for another year of good agriculture, low food inflation and on top of that we also have crude prices coming down which is another luck factor, we do not control it. So, these two things are bit positive for growth and they are also...
Court of International Trade strikes down Trump’s tariffs
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2, 2025 in Washington, DC.Chip Somodevilla | Getty Images News | Getty ImagesThe U.S. Court of International Trade on Wednesday blocked steep...
RBI Ensures Liquidity Management to Support Economic Growth Amid Inflation Fluctuations, ET BFSI
New Delhi [India], May 29 (ANI): The Reserve Bank of India (RBI) will continue to undertake liquidity management operations to ensure adequate liquidity in the financial system, especially for the productive sectors of the economy, RBI said on Thursday in its annual...
Slovak central bank governor Kazimir guilty of corruption, court rules
Peter Kazimir, governor of Slovakia's central bank, attending a press conference in Bratislava in 2016.Tomas Benedikovic | Afp | Getty ImagesA Slovak court ruled on Thursday that central bank governor and European Central Bank policymaker Peter Kazimir is guilty of...
Signals of Further Rate Cuts?, ET BFSI
With just a week to go before the next Monetary Policy Committee (MPC) meeting, the Reserve Bank of India (RBI) has offered subtle but telling signals about its stance on interest rates through its Annual Report for 2024–25.For many, the April rate cut marked a...
California investigated by Justice Department for trans athletes
U.S. Attorney General Pam Bondi attends a press conference, as she unveils actions against the state of Maine, which is locked in a dispute with the Trump administration over transgender policy, at the Justice Department in Washington, D.C., U.S., April 16, 2025. Leah...
Not chickening out on tariffs
President Donald Trump on Wednesday pushed back against an emerging critique of his on-again, off-again tariff threats, which has been derisively summed up as the "TACO trade."The term coined by a Financial Times columnist — which stands for "Trump Always Chickens...
Vince McMahon sex trafficking case defendant helping accuser
TKO Executive Chairman of the Board Vince McMahon is seen during a ceremony announcing Dwayne "The Rock" Johnson has joined the Board of Directors for TKO at New York Stock Exchange on January 23, 2024 in New York City.Michelle Farsi | UFC | Getty ImagesThe...
Cabinet Approves Continued Interest Subsidy for Farmers’ Loans in 2025-26, ET BFSI
Cabinet okays interest subsidy on farmers' loans for 2025-26New Delhi, The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the continuation of the interest subvention component under the modified interest subvention scheme (MISS) for...
‘Absurd!’ Judge blasts Trump executive order targeting top law firm
A federal judge on Tuesday angrily tore into President Donald Trump's executive order targeting the top law firm WilmerHale and struck down the entire order as unconstitutional."The cornerstone of the American system of justice is an independent judiciary and an...
Trump to pardon reality TV stars Todd and Julie Chrisley
Reality TV Personalities Julie Chrisley (L) and Todd Chrisley (R) visit Hallmark's "Home & Family" at Universal Studios Hollywood on June 18, 2018 in Universal City, California. Paul Archuleta | Getty ImagesPresident Donald Trump said Tuesday that he will pardon...
India Targets US Trade Deal to Boost Exports Amid Tariff Threats, ET BFSI
The finance ministry said a successful India-US trade deal could “flip current headwinds into tailwinds,” opening up access to new markets and bolstering exports.The ministry flagged potential trade barriers in the wake of the additional 26% tariffs proposed by the US...
Trump threatens California funding over trans athlete
US President Donald Trump and First Lady Melania Trump are greeted by California Governor Gavin Newson upon arrival at Los Angeles International Airport in Los Angeles, California, on Jan. 24, 2025, to visit the region devastated by the Palisades and Eaton...
Walmart fined for shipping toy guns to New York
New York Attorney General Letitia James holds a press conference following a ruling against former U.S. President Donald Trump ordering him to pay $354.9 million and barring him from doing business in New York State for three years, in the Manhattan borough of New...
NPR sues Trump over executive order cutting federal funding
The National Public Radio (NPR) headquarters in Washington, DC, US, on Monday, May 5, 2025. Stefani Reynolds | Bloomberg | Getty ImagesNational Public Radio on Tuesday sued President Donald Trump over his executive order to cease all federal funding for the nonprofit...
Trump administration seeks to cut federal contracts
Yu-Hsuan Lin, 27, lays out a Harvard hat, mug, hoodie and her admission letter to Harvard University on a table in Taipei, Taiwan May 24, 2025. Ann Wang | ReutersThe Trump administration moved Tuesday to terminate all remaining federal government contracts with...
RBI’s New Rule on Default Loss Guarantees Hits Fintech and NBFCs, ET BFSI
The Reserve Bank of India (RBI) has directed finance companies to exclude default loss guarantees (DLGs) provided by fintech firms while making provisions for stressed loans, marking a setback for independent digital lending service providers.Non-banking finance...
RBI mulls sub-7 day term deposit, BFSI News, ET BFSI
The Reserve Bank of India (RBI) has sought suggestions from banks on allowing less than seven days term deposits, people familiar with the matter said. The move comes in the backdrop of stagnating deposit growth, which slowed to 10% year-on-year as of May 02, 2025,...
Trump considers giving $3 billion in Harvard grants to trade schools
The Harvard University seal on the university's campus in Cambridge, Massachusetts, US, on Monday, May 5, 2025. Mel Musto | Bloomberg | Getty ImagesU.S. President Donald Trump said on Monday he is considering taking $3 billion of previously awarded grant money for...
Indian Bond Yields Could Dip Further Despite Lower Surplus Transfer: Analysts Predict, ET BFSI
Despite lower surplus transfer, Indian bond yields could dip further, analysts sayBy Dharamraj DhutiaMUMBAI -Indian government bond yields and overnight index swap rates are set to continue their downward trend, as expectations that the central bank will infuse...
Low Inflation in India to Boost Purchasing Power and Fiscal Health, ET BFSI
Low inflation to boost purchasing power, bolster fiscal finances in India: HSBCNew Delhi, Low inflation for the rest of the year will result in improving real purchasing power of households and lowering input costs for corporates in India, an HSBC Research report said...
A Strategic Shift Amid Economic Uncertainty, ET BFSI
The Reserve Bank of India (RBI) is on a significant gold-buying spree, sharply increasing the share of the yellow metal in its foreign currency reserves as part of a broader strategy to diversify its holdings and shield the economy from global volatility. Gold now...
RBI Set to Raise Rs19,000 Crore in Upcoming Treasury Bills Auction, ET BFSI
RBI to Auction Rs19,000 Crore in Treasury Bills on May 28New Delhi [India] May 26 (ANI): The Reserve Bank of India (RBI) has announced the latest auction of Government of India Treasury Bills (T-Bills) to raise Rs 19,000 crore. The Government uses these short-term...
RBI’s Potential Direct Lending to NBFCs and MFs Amid Liquidity Crises, ET BFSI
The Reserve Bank of India (RBI) is preparing for the possibility of directly lending to non-banking financial companies and mutual funds during periods of extreme liquidity constraints, ensuring survival for those that get shut out of the lending markets during the...
Trump delays 50% tariffs on EU to July 9
President Donald Trump meets with European Commission President Ursula von Der Leyen at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland.Evan Vucci | AP PhotoPresident Donald Trump said Sunday that he agreed to an extension on the 50% tariff...
Record RBI Dividend Expected to Boost GDP by 0.15%, ET BFSI
New Delhi, The incremental gain from the higher RBI dividend is expected to partly offset potential shortfalls in tax revenues and nominal GDP growth, a report said on Monday, adding that supported by a robust RBI dividend, system liquidity is likely to improve...
France, Vietnam sign Airbus, satellite deals as Macron visits Hanoi
Vietnam's General Secretary of the Communist Party To Lam (R) shakes hands with French President Emmanuel Macron (L) at the Office of the Party Central Committee in Hanoi on May 26, 2025. (Photo by LUONG THAI LINH / POOL / AFP) (Photo by LUONG THAI LINH/POOL/AFP via...
India’s Central Bank Seeks Approval for International Rupee Lending, ET BFSI
By Shubham BatraNEW DELHI -India's central bank is taking another step to internationalise the rupee, seeking approval to allow domestic banks to lend the currency to overseas borrowers for the first time, two sources said.The Reserve Bank of India (RBI) has asked the...
GOP senators criticize House budget bill over deficit concerns
Sen. Ron Johnson, R-Wis., is seen in the U.S. Capitol during a series of votes on Thursday, April 3, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesSen. Ron Johnson said Sunday that he thinks he has enough GOP colleagues on board with his opposition to the...
Speaker Johnson dismisses deficit worries as bill heads to Senate
U.S. House Speaker Mike Johnson (R-LA) speaks to a reporter, as he leaves for a meeting at the White House on the budget, on the day of the House Rules Committee's hearing on U.S. President Donald Trump's plan for extensive tax cuts, on Capitol Hill, in Washington,...
Japan PM aims to advance US tariff talks; eyes outcome at G7 summit
Japan's prime minister, Shigeru Ishiba.Bloomberg | Bloomberg | Getty ImagesJapanese Prime Minister Shigeru Ishiba on Sunday said Tokyo aims to advance tariff talks with the United States, with the goal of achieving an outcome during the Group of Seven summit next...
White House National Security Council slashes staff in dramatic restructuring Reuters
President Donald Trump is ordering a major overhaul of the National Security Council that will shrink its size, lead to the ouster of some political appointees and return many career government employees back to their home agencies, according to two U.S. officials and...
South Korea frontrunner Lee suggests extending US tariff talks
Lee Jae-myung, mayor of Seongnam city, on Nov. 23, 2016. Lee is rising in opinion polls with about a year to go until South Korea's next presidential election. He wants to break up the country's biggest companies, meet unconditionally with North Korean leader Kim Jong...
Trump touts anti-DEI changes in West Point address
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty ImagesPresident Donald Trump touted his administration's changes to the military during a commencement...
Pete Hegseth restrictions on Pentagon press media
Secretary of Defense Pete Hegseth attends a Cabinet meeting at the White House on April 10, 2025 in Washington, DC. President Trump convened a Cabinet meeting a day after announcing a 90-day pause on ‘reciprocal’ tariffs, with the exception of China. Anna Moneymaker |...
RBI’s Record Dividend Projected to Reduce India’s Fiscal Deficit to 4.2% of GDP, Says SBI, ET BFSI
Fiscal deficit of govt to ease by 20 to 30 bps to 4.2% of GDP by RBI's bumper dividend: SBINew Delhi [India], May 24 (ANI): The fiscal deficit of the central government could ease by 20 to 30 basis points from the budgeted level of 4.5 per cent to 4.2 per cent of GDP...
‘New payments board may be at odds with RBI oversight’, BFSI News, ET BFSI
The Central government's recent notification on the formation of a Payments Regulatory Board (PRB) might reduce the control of the Reserve Bank of India over the domestic digital payments ecosystem, according to three bankers in the know."This is the first time that...
RBI makes it easier to claim dormant funds, BFSI News, ET BFSI
To make it easier for people to claim unclaimed bank deposits, now exceeding ₹78,000 crore, the Reserve Bank of India (RBI) has proposed new rules that allow customers to update their KYC (Know Your Customer) details using video calls (Video KYC) or with the help of...
RBI penalises Union Bank of India, Transactree Technologies, BFSI News, ET BFSI
The Reserve Bank of India (RBI) on Friday announced penalties on Union Bank of India and Transactree Technologies for not following certain regulatory rules.Union Bank of India has been fined Rs 63.6 lakh for not complying with some parts of the Banking Regulation...
A Game Changer for India’s Economy, ET BFSI
RBI's record Rs 2.7 trillion dividend fueled by US dollar sell offs and forex gains: SBIThe Reserve Bank of India’s historic dividend payout of approximately Rs 2.7 trillion to the government was fueled by strong sales of US dollar, a high foreign exchange gain and...
US judge ordered Trump to facilitate return of Guatemalan deportee
Guatemalan migrants arrive at La Aurora Air Force Base on a deportation flight from the U.S., in Guatemala City, Guatemala, January 20, 2025. Cristina Chiquin | ReutersA federal judge ordered the Trump administration on Friday to facilitate the return of a gay...
Government’s Role and Composition Explained, ET BFSI
According to the Reserve Bank of India’s (RBI) notification, a six-member new Payments Regulatory Board will be formed to regulate and supervise payment systems in India with the central government to have a ‘say’.The board will be headed by RBI governor and will...
New Payments Regulatory Board Established by RBI to Enhance Payment Systems Supervision, ET BFSI
RBI governor headed a six-member Payments Regulatory Board, including three central government nominees, will regulate and supervise payment systems in the country, according to a central bank notification. The Payments Regulatory Board (PRB) will replace the Board...
Trump’s 5% NATO spend target ‘very, very difficult’ to meet: Greek PM
Greek Prime Minister Kyriakos Mitsotakis and German Chancellor Friedrich Merz (not pictured) speak to the media following talks at the Chancellery on May 13, 2025 in Berlin, Germany.Sean Gallup | Getty Images News | Getty ImagesIt would be challenging for NATO members...
Judge blocks Trump administration mass layoffs at many U.S. agencies
Employees of the Department of Health and Human Services (HHS) hug each other as they queue outside the Mary E. Switzer Memorial Building, after it was reported that the Trump administration fired staff at the Centers for Disease Control and Prevention and at the Food...
Musk’s DOGE expanding his Grok AI in U.S. government, raising conflict concerns
Elon Musk looks on as U.S. President Donald Trump meets South African President Cyril Ramaphosa in the Oval Office of the White House in Washington, D.C., U.S., May 21, 2025.Kevin Lamarque | ReutersBillionaire Elon Musk's DOGE team is expanding use of his artificial...
Malhotra & Co announce Rs 2.68 lakh crore surplus for Modi govt, ET BFSI
RBI dividend: Malhotra & Co announce Rs 2.68 lakh crore surplus for Modi govtThe Reserve Bank of India (RBI) on Friday approved a whopping dividend of Rs 2.68 lakh crore for FY25 to the Centre as against Rs 2.1 lakh crore in FY24, which will help New Delhi in its...
Harvard sues Trump admin over international student enrollment ba
FILE PHOTO: People walk on the Business School campus of Harvard University in Cambridge, Massachusetts, U.S., April 15, 2025. Faith Ninivaggi | ReutersHarvard University on Friday filed a lawsuit seeking to reverse the Trump administration's ban on the Ivy League...
Trump recommends 50% tariff on European Union starting June 1
U.S. President Donald Trump speaks to members of the media as he departs a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, DC. Andrew Harnik | Getty ImagesPresident Donald Trump on Friday said he is "recommending a straight 50% Tariff on...
India Urges FATF to Grey List Pakistan Again Amid Rising Tensions, ET BFSI
India will make a strong case with FATF to revert Pakistan to its "grey list" for failure to comply with anti-money laundering and terror financing rules, a government source said."We will be taking it up (with the FATF)," the source said when asked whether India will...
RBI likely to announce dividend for Centre today, ET BFSI
RBI likely to announce dividend for Centre todayMumbai, The Reserve Bank is likely to announce on Friday the dividend amount that will be paid to the central government for fiscal 2024-25. For the 2023-24 fiscal, the RBI had transferred a record surplus amount or...
RBI’s dollar buys near 4-year high! Reserve Bank of India’s net forex purchases hit $14.4 billion in March, ET BFSI
The Reserve Bank of India's (RBI) net monthly acquisitions in the foreign exchange market reached their highest level in four years during March, as the central bank executed forex swaps to provide liquidity to the banking system.Between January and March, the RBI...
How he plans to wield his power
Behind bulletproof glass, former US President and Republican presidential candidate Donald Trump arrives to speak during a campaign rally at Gastonia Municipal Airport in Gastonia, North Carolina, on November 2, 2024.Peter Zay | Afp | Getty ImagesBetween a barrage of...
No Rupee Targeting, Focus on Banking Stability and Economic Growth, ET BFSI
The Reserve Bank of India (RBI) is currently reviewing the licensing framework for banks and the distribution of insurance products, according to RBI Governor Sanjay Malhotra in his first interview since assuming office in December. Speaking to TOI’s Mayur Shetty...
L3Harris to pay $62 million
Jaque Silva | Nurphoto | Getty ImagesDefense contractor L3Harris Technologies will pay $62 million to settle allegations that it lied about the prices of equipment it sold to the U.S. military years earlier, the Justice Department said Thursday. L3Harris was recently...
Supreme Court says Fed different from Trump firing cases
The U.S. Supreme Court building in Washington, July 19, 2024.Kevin Mohatt | ReutersThe Supreme Court on Thursday strongly suggested that Federal Reserve board members would have special protection against being fired by a president in a ruling that, for now, allows...
Reserve Bank of India Reviews Foreign Shareholding Norms for Banks, ET BFSI
MUMBAI -India's central bank is examining foreign shareholding norms and licensing rules for banks as a part of a broader review, Governor Sanjay Malhotra said in an interview published by The Times of India on Friday."We are examining this in totality as part of our...
Trump administration blocks Harvard from enrolling international students
A general view of the Baker Library/Bloomberg Center on February 17, 2024, at Harvard Business School in Allston, MA.Erica Denhoff | Icon Sportswire | Icon Sportswire | Getty ImagesThe Trump administration on Thursday blocked the ability of Harvard University to...
Trump tax bill passes the House, advances to Senate
WASHINGTON — Republicans in the U.S. House of Representatives came together early Thursday to pass President Donald Trump's "big, beautiful" tax bill out of the chamber on a narrow vote.Every Democrat on the floor voted no, as did Republican Reps. Warren Davidson of...
CIA security shoot person outside HQ
File: The Central Intelligence Agency (CIA) headquarters in Langley, Virginia, US., on Friday, July 8, 2022. Chris Kleponis | Bloomberg | Getty ImagesGuards at CIA headquarters shot an individual early Thursday morning in what the agency called a "security incident,"...
TN Finance Minister urges RBI to roll back gold loan restrictions, ET BFSI
TN Finance Minister urges RBI to roll back gold loan restrictionsChennai, Tamil Nadu Finance Minister Thangam Thennarasu, on Thursday, urged the Reserve Bank of India (RBI) to withdraw the recently imposed restrictions on gold loans, calling them detrimental to the...
Trump tax bill passes the House, advances to Senate
U.S. President Donald Trump speaks to members of the media as he departs a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, DC. Andrew Harnik | Getty ImagesWASHINGTON — Republicans in the U.S. House of Representatives came together early...
RBI’s new AIF norms pave the way for provision reversals and capital relief for banks, ET BFSI
RBI's new AIF norms pave the way for provision reversals and capital relief for banksThe Reserve Bank of India (RBI) proposal to revise its Alternative Investment Fund (AIF) norms offers major relief to banks and non-banking financial companies (NBFCs) that were...
India shines even as global uncertainities weigh down advance economies: RBI, ET BFSI
India’s economy has remained resilient even as global economic growth continues to be weighed down by ongoing trade tensions, uncertain policies and muted consumer sentiments, the Reserve Bank of India, said in its latest report.The apex bank said that even though the...
Trade tensions, policy uncertainty still hurting global growth, but India shows resilience: RBI, ET BFSI
Global growth continues to face several challenges due to ongoing trade tensions, policy uncertainty, and weak consumer sentiment, says a recent report by the Reserve Bank of India (RBI).Despite these global headwinds, the report mentioned that the Indian economy has...
RBI likely to go for deeper interest rate cuts amid slower growth, low inflation: Morgan Stanley, ET BFSI
New Delhi [India], May 22 (ANI): The Reserve Bank of India (RBI) is expected to go for deeper interest rate cuts as part of its policy response to slower economic growth and controlled inflation, according to a report by Morgan Stanley.The report said that the policy...
Trump urged to make Elon Musk certify DOGE data restricted
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesSen. Jeanne Shaheen...
Trump tax bill faces fresh hurdles among House Republicans
WASHINGTON — House Republican leaders faced a last-minute revolt Wednesday by members of the party's hardline conservative faction, who opposed their latest attempt to win support from moderate members of the conference for President Donald Trump's "big, beautiful"...
Trump Qatar gift: Hegseth accepts Boeing jet
In this February 15, 2025 a Boeing 747 sits on the tarmac of Palm Beach International airport after US President Donald Trump toured the aircraft on February 15, 2025.Roberto Schmidt | Afp | Getty ImagesThe Trump administration has formally accepted a Boeing 747 jet...
Democratic Rep. Gerry Connolly of Virginia dies after battling cancer
Congressman Gerry Connolly (D-VA) questions witnesses during a House Committee on Oversight and Government Reform hearing titled "A Hearing with Sanctuary City Mayors" in Washington, DC on March 5, 2025. Anadolu | Anadolu | Getty ImagesDemocratic Rep. Gerry Connolly...
Trump rolls out ‘Golden Dome’ missile defense system plan
U.S. President Donald Trump makes an announcement regarding the Golden Dome missile defense shield next to U.S. Defense Secretary Pete Hegseth in the Oval Office of the White House in Washington, D.C., U.S., May 20, 2025. Kevin Lamarque | ReutersPresident Donald Trump...
Habeas corpus gives Trump right ‘to remove people’
Secretary of Homeland Security Kristi Noem testifies during a House Committee on Homeland Security budgetary hearing in Washington, DC on May 14, 2025. Nathan Posner | Anadolu | Getty ImagesHomeland Security Secretary Kristi Noem said Tuesday that President...
Trump fails to sway SALT caucus to back tax bill
President Donald Trump arrives for a House Republican meeting at the U.S. Capitol on May 20, 2025 in Washington, DC. Tasos Katopodis | Getty Images News | Getty Images President Donald Trump failed during a visit Tuesday to Capitol Hill to sway key House Republicans...
Qatari PM denies jumbo jet gift to Trump is bribery
U.S. President Donald Trump and Qatar's Emir Tamim bin Hamad Al Thani meet in Doha, Qatar, on May 14, 2025.Brian Snyder | ReutersQatar's prime minister on Tuesday denied accusations that Doha's offer of an estimated-$400 million Boeing 747 jet to U.S. President Donald...
UK suspends trade talks with Israel over new Gaza offensive
People gather in the yard of the Ahli Arab hospital, also known as the Baptist hospital, to mourn and bid farewell to the bodies of victims killed in Israeli bombardment in Gaza City, on March 18, 2025. Majdi Fathi | Nurphoto | Getty ImagesBritain on Tuesday paused...
Trump Medicaid Congress bill
President Donald Trump on Tuesday warned House Republicans, "Don't f--- around with Medicaid," as he pressed them during a closed-door meeting to pass a major tax bill, a source told CNBC.Trump's blunt message came during a visit to Capitol Hill.Movement on the tax...
Elon Musk says he will spend ‘a lot less’ on future campaign donations
Elon MusK, chief executive officer of Tesla Inc., speaks via video link at the Qatar Economic Forum (QEF) in Doha, Qatar, on Tuesday, May 20, 2025. Christopher Pike | Bloomberg | Getty ImagesElon Musk on Tuesday said he plans to spend "a lot less" on political...
Industry hopeful of RBI rate cut “very soon”; expects over 6.5pc GDP growth in FY26: PHDCCI, ET BFSI
New Delhi, The industry is hopeful of a rate cut by the Reserve Bank "very soon" and expects India's economic growth at more than 6.5 per cent in the current financial year, PHDCCI Secretary General and CEO Ranjeet Mehta said on Tuesday. He also outlined three major...
Delays in regulatory clearances can lead to uncertainty, says FM, ET BFSI
New Delhi, Delays in regulatory clearances can lead to uncertainty and disrupt commercial timelines, Finance Minister Nirmala Sitharaman said on Tuesday as India negotiates trade deals with various countries, including the US. According to Sitharaman, also the...
Delay in regulatory clearances can hurt investor confidence, says Nirmala Sitharaman, ET BFSI
Union Finance Minister Nirmala Sitharaman on Tuesday cautioned that delays in regulatory approvals can create uncertainty, disrupt business timelines, and reduce the value of commercial transactions. Addressing the audience at the 16th Annual Day Celebrations of the...
RBI proposes 15% cap on AIF scheme exposure by banks, NBFCs, ET BFSI
RBI proposes 15% cap on AIF scheme exposure by banks, NBFCsThe Reserve Bank of India (RBI) on Monday proposed a revised framework to regulate investments by regulated entities (REs) in Alternative Investment Funds (AIFs), seeking to replace the near-ban imposed in...
Govt Amends Rule 8 of Securities Contracts Rules to Boost Ease of Doing Business for Brokers, ET BFSI
Govt Amends Rule 8 of Securities Contracts Rules to Boost Ease of Doing Business for BrokersNEW DELHI: In a move aimed at enhancing regulatory clarity and ease of doing business, the Department of Economic Affairs (DEA) under the Ministry of Finance has amended Rule 8...
Supreme Court allows 10% GST appeal pre-deposit via credit ledger in major relief for businesses, ET BFSI
In a matter that will have huge implications for businesses across the country, the Supreme Court on Monday upheld a Gujarat High Court decision that allowed the companies to make mandatory 10% pre-deposit via the Electronic Credit Ledger (ECL), which contains...
Amid drop in domestic yield and surplus liquidity, RBI may change its liquidity management approach: Report, ET BFSI
Amid drop in domestic yield and surplus liquidity, RBI may change its liquidity management approach: ReportNew Delhi [India], May 20 (ANI): India's banking system remained in a liquidity surplus during the week ending May 16, 2025 with average surplus funds amounting...
Judge rules against Trump effort to gut U.S. Institute of Peace
The US Institute of Peace (USIP) in Washington, DC, US, on Monday, March 17, 2025. Stefani Reynolds | Bloomberg | Getty ImagesA federal judge on Monday ruled that the Trump administration and DOGE's takeover and gutting of the U.S. Institute of Peace were unlawful....
China says U.S. chip warning hurts trade talks
U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, China's International Trade Representative and Vice Minister of Commerce Li Chenggang, and Chinese Vice Premier He Lifeng, prepare to discuss on the day of a bilateral meeting...
India plans stricter rules for companies with foreign ownership, sources say, ET BFSI
India is planning to tighten foreign ownership rules, two sources said, in a move that may have significant implications for businesses ranging from e-commerce to pharmaceuticals.The changes would redefine how India views foreign-owned companies, whether directly or...
Trump to press Putin to end ‘bloodbath’ in Ukraine
Russian President Vladimir Putin and U.S. President Donald Trump.Mikhail Metzel | Evelyn Hockstein | Via ReutersU.S. President Donald Trump will speak separately with Vladimir Putin and Volodymyr Zelenskyy on Monday in hopes of ending the "bloodbath" in Ukraine, amid...
RBI nod to early withdrawal of gold bonds issued in May 2020, BFSI News, ET BFSI
Nagpur: The Reserve Bank of India (RBI) has issued orders for premature withdrawal of yet another series of sovereign gold bonds (SGB). The Series II bonds, which now qualify for withdrawal, were issued on May 19, 2020.The investor will get Rs 9,284 per unit of SGB....
Joe Biden diagnosed with prostate cancer
Former President Joe Biden speaks during the Advocates, Counselors, and Representatives for the Disabled bipartisan conference at the Sofitel Chicago Magnificent Mile on Tuesday, April 15, 2025.Eileen T. Meslar | Chicago Tribune | Getty ImagesFormer President...
Mike Johnson Memorial Day deadline for budget bill
U.S. House of Representatives Speaker Mike Johnson (R-LA) looks on, after President Donald Trump delivered remarks on tariffs, in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. Leah Millis | ReutersHouse Speaker Mike Johnson expressed...
Mike Pence Qatari jet gift ‘a bad idea’ Trump should turn down
Former U.S. Vice President Mike Pence speaks in observance of Constitution Day at Middle Tennessee State University (MTSU) in Murfreesboro, Tennessee, U.S., September 17, 2024. Seth Herald | ReutersFormer Vice President Mike Pence said Sunday that President Donald...
Polish presidential election to test if PM’s pro-EU vision is Trump-proof
The skyline of Warsaw with the Palace of Culture and Science and skyscrapers is seen from Pilsudski square in Warsaw, Poland on May 14, 2025.Nurphoto | Nurphoto | Getty ImagesPoles vote on Sunday in a presidential election that will decide whether Warsaw follows the...
Trump to call Putin, Zelenskyy, NATO members Monday to talk ceasefire
U.S. President Donald Trump gestures, while he boards Air Force One, in Abu Dhabi, United Arab Emirates, May 16, 2025. Brian Snyder | ReutersPresident Donald Trump said Saturday he plans to speak separately to Russian President Vladimir Putin and Ukrainian President...
Court gives go-ahead to Trump’s plan to halt union bargaining for many federal workers
Labor union members hold placards on the day of a rally in support of federal workers during a rush hour protest outside the L'Enfant Plaza Metro Station in Washington, D.C., U.S., March 24, 2025. Kent Nishimura | ReutersA federal appeals court lifted an order on...
RBI expected to transfer record dividend of Rs 2.7 to 3 lakh cr to govt in FY26: Report, ET BFSI
RBI expected to transfer record dividend of Rs 2.7 to 3 lakh cr to govt in FY26: ReportNew Delhi [India], May 17 (ANI): The RBI is expected to transfer a record surplus dividend of Rs 2.7 lakh crore to Rs 3 lakh crore to the govt in FY26, an almost 50 per cent...
Man sentenced to 14 months in prison
A judge on Friday sentenced an Alabama man to 14 months in prison for his role in the January 2024 hack of the Securities and Exchange Commission's X account, which was used to send out a tweet that briefly spiked the price of bitcoin by more than $1,000, the Justice...
Supreme Court rules against Trump administration in Alien Enemies Act case
A person walks past the U.S. Supreme Court in Washington, D.C., U.S., April 21, 2025.Kevin Lamarque | ReutersThe Supreme Court on Friday granted a request by Venezuelan nationals seeking to block their removal from the United States under the Alien Enemies Act.In a...
Interbank call market volumes surge to five-year high amid RBI push, ET BFSI
India’s interbank call money market has seen a sharp revival, with average daily volumes rising to Rs 16,490 crore this month — the highest in over five years — even as alternative funding routes remain more attractive for many participants. Volumes on May 5 touched...
UK, US working to ensure enduring India-Pakistan ceasefire, dialogue, British foreign minister says
India and Pakistan flags on a cracked surface, divided by a jagged line. The crack symbolizes ongoing tensions and regional conflict. Use for articles on India-Pakistan relations, including diplomacy and geopolitics.Zpagistock | Moment | Getty ImagesBritain is working...
Trump slams Supreme Court, Taylor Swift, Bruce Springsteen
U.S. President Donald J. Trump speaks to media on Air Force One as he departs the Al Bateen Executive Airport on May 15, 2025, in Abu Dhabi, United Arab Emirates. Win Mcnamee | Getty Images News | Getty ImagesPresident Donald Trump took aim at the Supreme Court,...
RBI imposes monetary penalty on Deutsche Bank and Yes Bank, ET BFSI
Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 29,60,000 on Yes Bank Limited for non-compliance with certain directions issued by RBI on ‘Financial Statements Presentation and Disclosures'. RBI also imposed a monetary penalty of Rs 50 lakh on...
Trump says Comey called for ‘assassination of the president’ in ‘8647’ post
A combination of file photos show U.S. President Donald Trump in the White House in Washington, DC, U.S. April 9, 2018 and former FBI Director James Comey on Capitol Hill in Washington, U.S., June 8, 2017.ReutersPresident Donald Trump said Friday that former FBI...
India asks IMF to reconsider Pakistan programme over ‘terror funding’, ET BFSI
Srinagar, May 16, 2025 -Indian Defence Minister Rajnath Singh said Friday the International Monetary Fund (IMF) should reconsider a one billion dollar loan to Pakistan, alleging Islamabad was "funding terror".India and Pakistan last week clashed in the worst military...
Trump birthday military parade could cost $45 million
Members of the military stand as US President Donald Trump reviews the troops in Emancipation Hall during inauguration ceremonies at the US Capitol in Washington, on January 20, 2025. Jim Watson | AFP | Getty ImagesAn upcoming military parade in Washington, D.C., to...
Prosecutors charge 13 men in crypto theft ring
Malone Lam, a defendant in a $230 million bitcoin heist, in a booking photo from the Broward County Sheriff's Office in Florida.Broward County Sheriff's OfficeFederal prosecutors in Washington, D.C., charged 13 men in what court records describe as a wide-ranging...
China calls U.S. trade talks ‘good’ as Trump hints at Xi call
U.S. Secretary of the Treasury Scott Bessent, China's Vice Minister of Finance Liao Min, U.S. Trade Representative Jamieson Greer, and China's International Trade Representative and Vice Minister of Commerce Li Chenggang, meet on the day of a bilateral meeting between...
Saudi Arabia, Qatar UAE go all out
Qatar's Emir Sheikh Tamim bin Hamad al-Thani (L) receives US President Donald Trump in the Qatari capital Doha on May 14, 2025. Brendan Smialowski | Afp | Getty ImagesABU DHABI, United Arab Emirates — If the Arab Gulf states were to hold a popularity contest right...
RBI’s board reviews its capital framework, BFSI News, ET BFSI
MUMBAI: The way RBI calculates the dividend it pays to govt may soon change, with the central board of directors reviewing the economic capital framework at its meeting here on Thursday. The meeting was chaired by governor Sanjay Malhotra and comes five years after...
Trump gift problematic, Sen. Susan Collins says
US Senator Susan Collins, Republican from Maine, questions Secretary of Health and Human Services Robert F. Kennedy Jr., during a Senate Committee on Health, Education, Labor, and Pensions hearing on the President's proposed budget request for fiscal year 2026 for the...
AI voice messages impersonating U.S. officials: FBI
FBI Director Kash Patel testifies during a House Commerce, Justice, Science, and Related Agencies Subcommittee hearing on the 2026 agency's budget request on Capitol Hill in Washington, DC, on May 7, 2025. Oliver Contreras | AFP | Getty ImagesThe FBI on Thursday...
China keeps rare earth exports control for United States
U.S. Secretary of the Treasury Scott Bessent shakes hands with Chinese Vice Premier He Lifeng during the bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 11, 2025.Keystone/eda/martial Trezzini | Via ReutersChina has temporarily paused...
Trump presses Supreme Court on birthright citizenship
FILE PHOTO: A view of the U.S. Supreme Court in Washington, U.S., July 19, 2024.Kevin Mohatt | ReutersPresident Donald Trump on Thursday again argued for an end to birthright citizenship in the United States, hours before the Supreme Court is set to hear arguments on...
Trump joined by dozens of CEOs during his Middle East trip
U.S. President Donald Trump and Boeing CEO Kelly Ortberg attend a signing ceremony with Qatar's Emir Tamim bin Hamad Al Thani (not pictured), in Doha, Qatar, May 14, 2025. Brian Snyder | ReutersMore than 30 business leaders representing America's top companies joined...
Germany backs Trump’s push for 5% NATO defense spending target
Johann Wadephul (CDU), Federal Foreign Minister, makes a statement during an informal meeting of NATO foreign ministers.Sebastian Gollnow/picture alliance via Getty ImagesGermany is backing U.S. President Donald Trump's call to increase the defense spending target of...
SAT ruling protects compliance officers from liability in corporate fraud cases, ET BFSI
SAT ruling protects compliance officers from liability in corporate fraud casesA recent ruling by the Securities Appellate Tribunal (SAT) has brought relief to compliance officers-the gatekeepers of regulatory and policy adherence in companies. The tribunal recently...
Sri Lanka: Sri Lanka restructures nearly $931 million in credit lines with India, ET BFSI
Sri Lanka restructures nearly $931 million in credit lines with IndiaBy Uditha JayasingheCOLOMBO, - Sri Lanka has restructured nearly $931 million in lines of credit and buyers' credit facility agreements with the Indian government, the island nation's finance...
FICCI urges RBI to retain NBFC-centric co-lending model, warns changes may hurt credit, jobs, ET BFSI
Mumbai: Industry body FICCI has written to the Reserve Bank of India (RBI), urging it to retain the existing co-lending rules that allow non-banking financial companies (NBFCs) to originate loans and later sell up to 80% of those to banks. The appeal comes in response...
RBI pitches for email, phone numbers in bank A/c nomination, BFSI News, ET BFSI
New Delhi: To further safeguard depositors' interests, the Reserve Bank of India has sought suggestions from banks on adding nominees' email and phone numbers to existing bank nomination forms. With the passage of the Banking Laws (Amendment) Bill, 2024, bank account...
Boeing strikes ‘largest-ever’ 787 jet order with Qatar Airways, White House says
U.S. President Donald Trump, Qatar's Emir Tamim bin Hamad Al Thani and Boeing CEO Kelly Ortberg attend a signing ceremony in Doha, Qatar, May 14, 2025. Brian Snyder | ReutersBoeing and GE Aerospace secured a $96 billion agreement to sell Qatar Airways up to 210...
Trump and Saudi Crown Prince bask in friendship during Riyadh visit
Saudi Crown Prince Mohammed Bin Salman reacts next to U.S. President Donald Trump during the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025.Brian Snyder | ReutersThe plenary room of the Ritz Carlton Riyadh was packed to the brim on Tuesday as...
Trump meets with Syrian leader in Saudi Arabia
The leader of Syria's Islamist Hayat Tahrir al-Sham (HTS) group that headed a lightning rebel offensive snatching Damascus from government control, Abu Mohammed al-Jolani, addresses a crowd at the capital's landmark Umayyad Mosque on December 8, 2024.Abdulaziz Ketaz |...
SEBI proposes easing norms for foreign investors buying only government bonds, ET BFSI
SEBI proposes easing norms for foreign investors buying only government bondsMUMBAI: India's markets regulator has proposed to reduce regulatory requirements for foreign investors investing exclusively in the country's government bonds, it said on Tuesday, as it looks...
Schumer pauses Trump DOJ nominees
Senate Minority Leader Chuck Schumer (D-NY) speaks at a press conference with other members of Senate Democratic leadership following a policy luncheon at the U.S. Capitol in Washington, DC May 6, 2025. Nathan Posner | Anadolu | Getty ImagesSenate Minority Leader...
$100 million New Jersey deli fraudster Peter Coker Sr. sentenced
Peter Coker Sr. and his wife Susan Coker at U.S. District Court in Newark, New Jersey, March 15, 2023.Dan Mangan | CNBCNorth Carolina businessman Peter Coker Sr., who pleaded guilty in a scheme to fraudulently pump up the stock of the infamous $100 million New Jersey...
Trump says U.S. will remove all sanctions on Syria
U.S. President Donald Trump speaks at the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | ReutersThe U.S. will remove all sanctions on Syria, President Donald Trump announced Tuesday."I will be ordering the cessation of sanctions...
Trump administration cuts an additional $450 million in Harvard grants
Harvard sweatshirts are displayed for sale in a school store window on the Harvard University campus in Cambridge, Massachussetts, on April 15, 2025.Joseph Prezioso | Afp | Getty ImagesThe Trump administration announced Tuesday that it is cutting an additional $450...
Trump speaks after $600 billion Saudi-U.S. investment announced
[The stream is slated to start at 9:45 a.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump on Tuesday is set to deliver remarks after the White House announced Saudi Arabia's commitment to invest $600 billion in a...
Trade court hears legal challenge
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2, 2025 in Washington, DC.Chip Somodevilla | Getty Images News | Getty ImagesA little-known federal court is set to hear arguments Tuesday in...
Rate transmission uneven despite liquidity comfort, BFSI News, ET BFSI
Mumbai: Banks appear to have largely looked through improving system liquidity and policy rate cuts while reducing the cost of borrowing for those taking loans tied to the lenders' internal benchmarks. Rates have reduced by only 5-15 bps for existing borrowers on...
RBI dividend to inject fresh liquidity, BFSI News, ET BFSI
RBI dividend to inject fresh liquidityMUMBAI: Surplus liquidity in the banking system could reach Rs 6 lakh crore, with the Reserve Bank of India (RBI) expected to transfer a hefty dividend to the govt. Estimates for this dividend range between Rs 2.25 lakh crore and...
China sees U.S. trade deal as win for Beijing
Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the United States as a victory and a vindication of Beijing's negotiating strategy.They're arguing that their defiant public posture...
Deputy AG Todd Blanche named acting librarian of Congress
Former U.S. President Donald Trump, with attorney Todd Blanche, speaks to reporters as jurors are released to begin deliberations for his criminal trial at the Manhattan Criminal Court in New York, NY on Wednesday, May 29, 2024.Jabin Botsford | ReutersDeputy Attorney...
Trump hails Qatar’s ‘nice gesture’ of 747 jet, blaming Boeing delays
U.S. Air Force One upon arrival at the at Fiumicino Airport on April 25, 2025 in Rome, Italy. Marco Mantovani | Getty Images News | Getty ImagesPresident Donald Trump on Monday said Qatar had made a "very nice gesture" in offering the U.S. a 747 jet to act as Air...
Trump’s willingness to accept a luxury jet from Qatar sparks criticism
In this February 15, 2025 a Boeing 747 sits on the tarmac of Palm Beach International airport after US President Donald Trump toured the aircraft on February 15, 2025. Roberto Schmidt | Afp | Getty ImagesU.S. President Donald Trump's willingness to accept a lavish...
China will open to U.S. business, pause trade barriers
President Donald Trump, joined by National Institutes of Health (NIH) Director Jay Bhattacharya, speaks during a press conference in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesPresident...
Gadkari calls for new law for cooperative sector to keep pace with ‘evolving economic conditions’, ET BFSI
Mumbai, Union minister Nitin Gadkari on Monday suggested the Maharashtra government to formulate a new law for the cooperative sector in the state considering the evolving economic conditions. The cooperative sector would play a key role in improving the financial...
India extends financial support to Maldives via rollover of $50 million Treasury Bill, ET BFSI
India has extended financial support to the Maldives by renewing a USD 50 million Treasury Bill for another year through the State Bank of India (SBI), in a move aimed at bolstering the Maldivian government's economic reform and resilience efforts, as announced on...
U.S. and China agree to slash tariffs for 90 days in major trade breakthrough
US Treasury Secretary Scott Bessent (L) and US Trade Representative Jamieson Greer speak to the media after talks between senior US and Chinese officials on tariffs in Geneva on May 11, 2025.Valentin Flauraud | Afp | Getty ImagesThe U.S. and China on Monday agreed to...
Trump gifted Qatar super plane as Air Force One
U.S. President Donald Trump boards Air Force One for travel back to Washington, D.C., at Palm Beach International Airport, in West Palm Beach, Florida, U.S. May 4, 2025. Leah Millis | ReutersPresident Donald Trump is preparing to accept a luxury jet from the royal...
U.S. trade talks with China were ‘productive,’ Bessent says
U.S. Treasury Secretary Scott Bessent testifies before a House Financial Services Committee hearing entitled "The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System," on Capitol Hill in Washington, D.C., U.S., May 7,...
Iran, US conclude 4th round of talks over Tehran’s nuclear program
The flag of Iran is seen in front of the building of the International Atomic Energy Agency (IAEA) Headquarters on May 24, 2021 in Vienna, Austria.Michael Gruber | Getty Images News | Getty ImagesDUBAI, United Arab Emirates (AP) — Iran and the United States held a...
Trump official says 10% tariffs will stick around
U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025.Carlos Barria | ReutersCommerce Secretary Howard Lutnick said...
RBI fines SBI and Jana Small Finance Bank for certain non-compliances, ET BFSI
NEW DELHI: The Reserve Bank of India (RBI) on Friday fined State Bank of India and Jana Small Finance Bank for failing to follow certain regulatory non-compliances.According to the RBI, it has levied a fine of Rs 1,72,80,000 on SBI for failing to adhere to guidelines...
Trump official says NJ Democrats could face charges
Mayor Ras Baraka of Newark in handcuffs outside Delaney Hall detention facility in Newark, NJ on May 9, 2025.Courtesy: Newark Mayor's OfficeThe Trump administration suggested Saturday that New Jersey Democratic lawmakers involved in a clash a day earlier with...
Pope Leo explains name: AI, worker rights
Newly elected Pope Leo XIV, Cardinal Robert F. Prevost of the U.S., appears on the balcony of St. Peter's Basilica at the Vatican, May 8, 2025.Dylan Martinez | ReutersPope Leo XIV said Saturday that he selected his name in part to commemorate Pope Leo XIII for his...
Europe leaders, in Kyiv, turn up pressure on Russia over ceasefire
Ukraine and European leaders agreed on Saturday to an unconditional 30-day ceasefire on May 12 with the backing of U.S. President Donald Trump, threatening President Vladimir Putin with new "massive" sanctions if he failed to comply.The announcement was made by the...
Pope Leo tells cardinals they must continue ‘precious legacy’ of Pope Francis
Pope Leo XIV leads the Pro Ecclesia Mass in the Sistine Chapel, on May 09, 2025 in Vatican City, Vatican. Vatican Pool - Corbis | Corbis News | Getty ImagesPope Leo XIV signaled on Saturday he would continue with the vision and reforms of Pope Francis, telling the...
India and Pakistan agree to immediate ceasefire
India's Foreign Secretary Vikram Misri holds a press briefing at Ministry of External Affairs (MEA) in New Delhi, India, May 10, 2025. Anushree Fadnavis | ReutersIndia and Pakistan have agreed to an "immediate ceasefire," President Donald Trump said Saturday,...
Forex Reserves: Big jump in gold reserves! Not just India’s RBI, central banks around the world are stocking up on gold
RBI has been on a gold buying spree, but it’s not alone! Several countries besides India are increasing their gold holdings significantly. Among countries that witnessed the most substantial increase in gold's proportion of their total foreign exchange reserves...
Trump to nominate CFBP pick Jonathan McKernan for Treasury post
Jonathan McKernan testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025.Annabelle Gordon | ReutersPresident Donald Trump plans to nominate Jonathan McKernan to be...
Newark Mayor Ras Baraka arrested for trespass at ICE NJ center
Mayor Ras Baraka of Newark speaks to the press near ICE agents at a demonstration outside an immigrant detention centre in Elizabeth, New Jersey May 7, 2025. Timothy A. Clary | AFP | Getty ImagesNewark Mayor Ras Baraka was arrested Friday by federal authorities for...
RBI imposes penalties on SBI, Jana Small Finance Bank, ET BFSI
The RBI on Friday said it has imposed penalties on State Bank of India and Jana Small Finance Bank for certain deficiencies in compliance of norms. The Reserve Bank of India (RBI) said a penalty of Rs 1,72,80,000 has been imposed on SBI for non-compliance with certain...
Trump administration eyes suspending habeas corpus
White House deputy chief of staff for policy Stephen Miller speaks to the media outside the White House in Washington, D.C., U.S., May 9, 2025. Kent Nishimura | ReutersWhite House deputy chief of staff for policy Stephen Miller said Friday that the Trump...
David Steiner, FedEx director, to lead USPS as postmaster general
FILE PHOTO: David Steiner, smiles while speaking at the OPEC Oil Embargo +40 conference hosted by Securing America's Future Energy (SAFE) in Washington, D.C., U.S., on Wednesday, Oct. 16, 2013. Joshua Roberts | Bloomberg | Getty ImagesThe U.S. Postal Service Board of...
Ukraine to host coalition of willing leaders Saturday, Zelenskiy says
President Volodymyr Zelenskyy attends the European leaders' summit to discuss European security and Ukraine, at Lancaster House in London, Britain, March 2, 2025. Javad Parsa | Via ReutersUkraine will host a meeting of leaders of the so-called "coalition of the...
Trump heads to Middle East with oil, arms, nuclear ambitions in focus
US President Donald Trump (R) and Saudi Deputy Crown Prince Mohammad bin Salman al-Saud take part in a bilateral meeting at a hotel in Riyadh on May 20, 2017.Mandel Ngan | AFP | Getty ImagesDUBAI, United Arab Emirates — U.S. President Donald Trump will touch down in...
New FEMA head says he will ‘run right over’ staff who resist changes
FEMA (Federal Emergency Management Agency) Headquarters is seen in Washington, DC, February 11, 2025.Saul Loeb | Afp | Getty ImagesDavid Richardson, the new head of the Federal Emergency Management Agency, told staff on Friday he will "run right over" anyone that...
Trump backs tax hike on rich, says GOP maybe shouldn’t
U.S. President Donald Trump speaks during a swearing-in ceremony of Special Envoy Steve Witkoff in the Oval Office at the White House in Washington, D.C., U.S., May 6, 2025. Kent Nishimura | ReutersPresident Donald Trump on Friday tepidly backed the idea of raising...
David Souter, retired Supreme Court justice, dies at 85
Portrait de David Hackett Souter.Jeffrey Markowitz | Sygma | Getty ImagesRetired Supreme Court Justice David Souter died Thursday at his home in New Hampshire, the court said in a statement. He was 85 years old.Souter, who was appointed to the high court in 1990 by...
RBI asks banks and NBFCs to be on high alert for potential cyber attacks, ET BFSI
RBI asks banks and NBFCs to be on high alert for potential cyber attacksThe Reserve Bank of India (RBI) has sounded the alarm for leading banks and non-banking financial companies (NBFCs), urging them to remain on high alert amid intelligence reports of potential...
Trump says 80% tariff on China ‘seems right’ ahead of U.S.-Beijing trade talks
US President Donald Trump, alongside Treasury Secretary Scott Bessent (R), speaks during a bilateral meeting with Prime Minister of Norway Jonas Gahr Store in the Cabinet Room of the White House in Washington, DC, on April 24, 2025. Saul Loeb | Afp | Getty...
Banks, REs to furnish details of digital lending apps on RBI’s CIMS portal, ET BFSI
Banks, REs to furnish details of digital lending apps on RBI's CIMS portalMumbai, Banks and other regulated entities will have to furnish details of their Digital Lending Apps through the Centralised Information Management System (CIMS) portal of the Reserve Bank. As...
RBI eases debt market rules for FPIs, BFSI News, ET BFSI
Mumbai: RBI has eased investment restrictions for foreign portfolio investors in the corporate debt market. This move is likely to deepen market liquidity and align India more closely with global capital flows. RBI announced it will remove both the short-term...
Bank of Baroda, ET BFSI
The recently concluded Free Trade Agreement (FTA) between India and the United Kingdom is expected to benefit both nations economically and could also pave the way for similar agreements with other countries such as the United States and the European Union, says a...
Government expands credit guarantee scheme to boost capital access for Startups, ET BFSI
Government expands credit guarantee scheme to boost capital access for StartupsNew Delhi [India], May 9 (ANI): In a move aimed at further strengthening the startup ecosystem in India, the Government has expanded the Credit Guarantee Scheme for Startups (CGSS) to...
Indian central bank likely selling dollars to support rupee, traders say, ET BFSI
Indian central bank likely selling dollars to support rupee, traders sayMUMBAI, - The Reserve Bank of India likely intervened via state-run banks to support the rupee on Friday as the intensifying conflict between India and Pakistan pressured the South Asian currency,...
Trump says it is ‘such an honor’ that Vatican elected first U.S. pope
President Donald Trump congratulated Robert Francis Prevost after his election as pope Thursday, making him the first American-born pontiff in the history of the Roman Catholic Church.Prevost, 69, of Chicago, will be known as Pope Leo XIV."It is such an honor to...
Trump pulls nomination of Ed Martin for D.C. federal prosecutor
U.S. President Donald Trump makes an announcement about a trade deal with the U.K., in the Oval Office at the White House in Washington, D.C., U.S., May 8, 2025. Leah Millis | ReutersPresident Donald Trump said Thursday that he will pull his controversial nomination...
Cardinals pick new pope as white smoke seen at Vatican
White smoke rises from the chimney on the Sistine Chapel, indicating that a new pope has been elected at the Vatican, May 8, 2025. Dylan Martinez | ReutersRoman Catholic cardinals selected a new pope on the second day of their conclave Thursday, signaling the election...
Trump says 10% is floor for tariffs; ‘Some will be much higher’
President Donald Trump on Thursday said that 10% will be the floor for his tariffs on imports from other countries that seek to reach trade agreements with the United States."Some will be much higher because they have massive trade surpluses and in many cases they...
Senate stablecoin vote uncertain key Democrats back out
The Senate will hold a key vote on a landmark crypto regulation package on Thursday. Dubbed the GENIUS Act, the bill will require 60 votes to advance to the Senate floor for final passage.The GENIUS Act aims to create a regulatory framework for stablecoins, or digital...
Trump to unveil UK trade deal after tariff pause
US President Donald Trump speaks during a press conference with British Prime Minister Keir Starmer in the East Room of the White House in Washington, DC, on February 27, 2025. Saul Loeb | Afp | Getty ImagesPresident Donald Trump is set to unveil a trade agreement...
Europe to launch dispute against U.S. tariffs with WTO
This photograph shows a European flag flying outside the EU headquarters in Brussels on May 6, 2025. Nicolas Tucat | Afp | Getty ImagesThe European Union's executive arm on Thursday said it would launch a dispute with the World Trade Organization over the U.S.'s...
Trump calls Fed Chair Jerome Powell a ‘fool’ after central bank keeps rates steady again
President Donald Trump derided Federal Reserve Chairman Jerome Powell once again Thursday, a day after the central bank voted to not lower rates because of economic uncertainty created by tariffs.Trump said in a Truth Social post:"'Too Late' Jerome Powell is a FOOL,...
RBI to be more transparent in framing rules, BFSI News, ET BFSI
The Reserve Bank of India on Tuesday stated that it will follow a consultative approach framework for issuing any new guidelines whereby it would give stakeholders 21 days to comment on draft regulations and conduct an impact analysis of the regulation before...
Trump’s China ambassador David Perdue sworn in before trade talks
U.S. President Donald Trump shakes hands with former U.S. Senator David Perdue during Perdue's swearing-in ceremony to be the new U.S. ambassador to China, at the White House in Washington, D.C., U.S., May 7, 2025.Leah Millis | ReutersPresident Donald Trump's pick for...
RBI bumper Rs 3.5 trillion payout to help offset weak revenues, analysts say, ET BFSI
India’s central bank is expected to pay a record dividend to the government, offsetting shortfall in tax revenues due to slow growth and helping meet any emergency spending needs, economists said.Kotak Mahindra Bank Ltd. estimates the Reserve Bank of India to transfer...
Trump pulls surgeon general nominee Janette Nesheiwat
US Vice President JD Vance, from left, Pam Bondi, US attorney general, Chris Wright, US energy secretary, Janette Nesheiwat, US surgeon general nominee for US President Donald Trump, and Lee Zeldin, administrator of the US Environmental Protection Agency (EPA), during...
Finance Ministry unveils draft framework of Climate Finance Taxonomy, ET BFSI
Finance Ministry unveils draft framework of Climate Finance TaxonomyThe finance ministry Wednesday released a draft climate finance taxonomy framework that would help investors identify activities consistent with India's climate action goals and transition pathway,...
US Fed keeps interest rates unchanged at 4.25-4.50% amid rising unemployment, inflation risks, ET BFSI
US Fed keeps interest rates unchanged at 4.25-4.50% amid rising unemployment, inflation risksNew Delhi [India], May 8 (ANI): The US Federal Reserve has decided to keep interest rates unchanged at 4.25 per cent to 4.50 per cent, as the risks of both higher unemployment...
Trump offers help with India and Pakistan conflict
U.S. President Donald Trump speaks during a swearing-in ceremony for the new U.S. ambassador to China, former U.S. Senator David Perdue, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | ReutersPresident Donald Trump on Wednesday offered to help...
Republican concedes after judge’s ruling in NC court race
Judge Jefferson Griffin, the Republican candidate for the N.C. Supreme Court listens to testimony in Wake County Superior Court on Friday, Feb. 7, 2025, in Raleigh, North Carolina. Griffin trails North Carolina Supreme Court Justice Allison Riggs by 734 votes...
Trump digs in on high China tariffs ahead of trade talks
U.S. President Donald Trump speaks during a swearing-in ceremony for the new U.S. ambassador to China, former U.S. Senator David Perdue, at the White House in Washington, D.C., U.S., May 7, 2025. Leah Millis | ReutersPresident Donald Trump said Wednesday he would not...
U.S. wanted trade talks, opposes Trump tariffs
The upcoming meeting in Switzerland between U.S. Treasury Secretary Scott Bessent and his Chinese counterpart was requested by the Trump administration, Chinese officials said Wednesday.China will be entering the talks "firmly" opposed to U.S. tariff hikes, and...
Trump administration to announce U.S. will call Persian Gulf the Arabian Gulf
Strait of Hormuz in the Persian Gulf.Stocktrek | Photodisc | Getty ImagesDUBAI, Unites Arab Emirates — President Donald Trump's administration reportedly plans to announce that the U.S. will officially call the Persian Gulf the Arabian Gulf or Gulf of Arabia, a move...
EU to unveil next steps in U.S. tariff countermeasures on Thursday
Maros Sefcovic, European Commissioner for Trade and Economic Security; Interinstitutional Relations and Transparency, speaks to reporters in Singapore on May 7, 2025, after signing of the EU-Singapore Digital Trade Agreement (DTA), a landmark initiative enhancing...
EU to set out next countermeasures against U.S. tariffs on Thursday
Maros Sefcovic, European Commissioner for Trade and Economic Security; Interinstitutional Relations and Transparency, speaks to reporters in Singapore on May 7, 2025, after signing of the EU-Singapore Digital Trade Agreement (DTA), a landmark initiative enhancing...
RBI recognises FIMMDA as SRO in financial markets, BFSI News, ET BFSI
RBI recognises FIMMDA as SRO in financial marketsThe Reserve Bank of India on wednesday recognised Fixed Income Money Market and Derivatives Association of India (FIMMDA) as a Self-Regulatory Organisation (SRO) in financial markets, it said issuing a...
Germany finally has a leader. Now comes the hard part for Merz
Friedrich Merz, Germany's chancellor, takes the chancellor's seat, after swearing an oath, at the Bundestag in Berlin, Germany, on Tuesday, May 6, 2025.Krisztian Bocsi | Bloomberg | Getty ImagesAfter some dramatics, and around 10 weeks after the German election,...
Fed to hold rates steady as pressures mount, BFSI News, ET BFSI
Federal Reserve officials are widely expected to leave interest rates unchanged Wednesday as they await clarity on the Trump administration’s trade policies, a move likely to frustrate the president and anyone else seeking answers about the US central bank’s next...
How RBI’s new stressed asset framework may aid NPA clean-up, attract capital market investors, ET BFSI
How RBI's new stressed asset framework may aid NPA clean-up, attract capital market investorsThe Reserve Bank of India’s proposed “Securitisation of Stressed Assets Framework (SSAF), 2025” could reduce dependence on asset reconstruction companies (ARCs) and facilitate...
FinMin to support lenders in reviewing SC JSW steel order, BFSI News, ET BFSI
The finance ministry is in favour of supporting banks keen to seek a review of the latest Supreme Court order that scrapped JSW Steel's ₹19,700-crore acquisition of Bhushan Power and Steel (BPSL) four years ago, citing "gross violation" of the Insolvency and...
RBI more than doubled gold purchases to 57.49 tonnes in FY25 as global tensions grew, ET BFSI
RBI more than doubled gold purchases to 57.49 tonnes in FY25 as global tensions grewThe Reserve Bank of India (RBI) added 57.49 tonnes of gold to its reserves in FY25 — more than double the 27.46 tonnes added in FY24 — bringing total gold holdings to 879.59 tonnes as...
Trump officials to meet with Chinese counterparts on trade
US Secretary of Treasury Scott Bessent speaks during the daily briefing in the Brady Briefing Room of the White House in Washington, DC, on April 29, 2025. Mandel Ngan | Afp | Getty ImagesTreasury Secretary Scott Bessent and U.S. trade representative Jamieson Greer...
Trump shifts tariff goals from trade deals
U.S. President Donald Trump meets with Canadian Prime Minister Mark Carney (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., May 6, 2025. Leah Millis | Reuters"The Art of the Deal" author President Donald Trump said in a surprising...
Major universities sue to block Trump cuts to NSF research funding
A man walks through Killian Court at MIT in Cambridge.REUTERS/Brian SnyderMajor U.S. universities have filed a lawsuit seeking to block President Donald Trump's administration from carrying out steep cuts to federal research funding provided to academic institutions...
Canada ‘won’t be for sale ever’
Canadian Prime Minister Mark Carney told President Donald Trump on Tuesday that his country will never be for sale, shutting down the U.S. president's repeated calls to make Canada the 51st state."There are some places that are never for sale," Carney said in the Oval...
Germany’s Merz elected chancellor in second parliamentary vote after unexpected setback
The newly elected Federal Chancellor Friedrich Merz (center, CDU) accepts the election in the Bundestag. Sitting next to him are Jens Spahn (l, CDU), leader of the CDU/CSU parliamentary group, and Alexander Dobrindt (r, CSU), designated Federal Minister of the...
Trump pick for D.C. federal prosecutor opposed by key Republican
Sen. Thom Tillis, R-N.C., speaks to reporters as he leaves the Senate floor in the U.S. Capitol on Thursday, March 13, 2025. Bill Clark | Cq-roll Call, Inc. | Getty ImagesA key Republican senator on Tuesday said he would not support the nomination of Ed Martin,...
UK and India strike a trade deal amid U.S.-led tariff tensions
RIO DE JANEIRO, BRAZIL - NOVEMBER 18: UK Prime Minister Sir Keir Starmer (L) during a bilateral meeting with Prime Minister of India Narendra Modi as he attends the G20 summit at the Museum of Modern Art on November 18, 2024 in Rio de Janeiro, Brazil. Keir Starmer is...
Sebi sets ₹1 cr minimum investment, mandatory demat for securitised debt instruments, ET BFSI
Sebi sets ₹1 cr minimum investment, mandatory demat for securitised debt instrumentsMarkets regulator Sebi has mandated a minimum ticket size or investment threshold of Rs 1 crore for the RBI-regulated originators and unregulated entities engaged in securitisation...
RBI’s draft norms to slow down gold loan asset growth of NBFCs: Report, ET BFSI
RBI's draft norms to slow down gold loan asset growth of NBFCs : ReportImplementing the guidelines proposed in the RBI's draft on gold loans will slow down the asset growth of non-bank financiers in the segment, as per a report released on Tuesday. According to a...
Democratic-led states sue to prevent Trump from gutting health agencies
U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr. discusses the findings of the Centers for Disease Control and Prevention’s (CDC) latest Autism and Developmental Disabilities Monitoring (ADDM) Network survey, during a press conference at the...
CFTC drops Kalshi election bet case appeal
The Kalshi app arranged on a smartphone in New York, US, on Monday, Feb. 10, 2025. Gabby Jones | Bloomberg | Getty ImagesThe Commodity Futures Trading Commission on Monday moved to drop its appeal of a federal judge's ruling that had allowed commodities exchange...
Federal judge says results of North Carolina court race with Democrat ahead must be certified
Demonstrators gather to protest on Presidents' Day for the NC Supreme Court race in which Judge Griffin attempted to invalidate more than 65,000 ballots in Charlotte NC, United States on February 17, 2025. Anadolu | Anadolu | Getty ImagesDisputed ballots in the still...
Germany’s Merz fails to be elected chancellor in shock first-round parliamentary vote
Friedrich Merz, designated Federal Chancellor (CDU), is pictured during the signing of the coalition agreement between the SPD, CDU, and CSU on May 05, 2025 in Berlin, Germany.Florian Gaertner | Photothek | Getty ImagesFriedrich Merz failed to get the majority needed...
RBI goes slow in bringing back home gold from overseas vaults, ET BFSI
The central bank brought back home only 1.53 tonnes of gold it held overseas between end September 2024 and end March 2025, compared with 102.15 tonnes it brought back in the first half of the last fiscal, showed the latest RBI data published Monday. The RBI had begun...
Sebi mandates cooling-off period for directors at market infrastructure institutions, ET BFSI
Sebi mandates cooling-off period for directors at market infrastructure institutionsMarkets regulator Sebi has strengthened the governance framework of market infrastructure institutions -- stock exchanges, clearing corporations and depositories -- by prescribing a...
Credit Suisse settles criminal case for helping Americans avoid taxes
Credit Suisse Services AG will pay nearly $511 million after pleading guilty in a criminal case to having conspired with wealthy American taxpayers to hide more than $4 billion in at least 475 offshore accounts, the Department of Justice said.In addition to that plea,...
Messaging app used by Trump official suspends operations after reported hack
National Security Advisor Michael Waltz looks at his phone as he prepares for a TV interview at the White House on May 01, 2025 in Washington, DC. Andrew Harnik | Getty ImagesThe messaging app that President Donald Trump's former national security advisor was seen...
Trump foreign film tariff proposal floated
U.S. President Donald Trump announces the NFL draft will be held in Washington, at the White House in Washington, D.C., U.S., May 5, 2025. Leah Millis | ReutersPresident Donald Trump said Monday that he will ask Hollywood studios if "they're happy" with his proposal...
Trump defends doll comments amid China tariffs
US President Donald Trump speaks with the media aboard Air Force One as he flies from West Palm Beach, Florida enroute to Joint Base Andrews in Maryland, on May 4, 2025 returning to the White House after spending the weekend in Florida.Saul Loeb | Afp | Getty...
DHS offers $1,000 stipend, travel help to immigrants who ‘self-deport’
The US Customs and Border Protection (CBP) headquarters in Washington, DC, US, on Wednesday, May 10, 2023. Mayorkas provided an update on planning and operations ahead of the lifting of the Title 42 public health order. Photographer: Al Drago/Bloomberg via Getty...
Trump will make U.S. more appealing for investors
U.S. Treasury Secretary Scott Bessent speaks at the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 5, 2025. Mike Blake | ReutersTreasury Secretary Scott Bessent on Monday sketched out the roadmap of President Donald Trump's "America...
Incoming German Chancellor Merz vows reforms and investments
Friedrich Merz, leader of the Christian Democratic Union (CDU), signs the coalition contract between the CDU, the CDU'S Bavarian sister party, the Christian Social Union (CSU), and the German Social Democrats (SPD) on May 05, 2025 in Berlin, Germany.Maja Hitij | Getty...
ADB fully supports India’s development priorities under PM Modi: Masato Kanda, ET BFSI
New Delhi, May 5 (IANS) Asian Development Bank (ADB) President Masato Kanda, in his meeting with Union Finance Minister Nirmala Sitharaman, has expressed the Bank’s full support to India’s development priorities, guided by Prime Minister Narendra Modi’s vision of...
RBI’s push to internationalise the rupee through special vostro accounts, ET BFSI
Explainer: RBI’s push to internationalise the rupee through special vostro accountsTaking measured steps to promote the international use of the rupee. At the heart of this push is the Reserve Bank of India's Special Rupee Vostro Account (SRVA) mechanism—a framework...
Cumulative rate cuts of 125-150 bps estimated in FY26: SBI report, ET BFSI
New Delhi, The benign inflationary patterns suggest an aggressive rate cut trajectory by the Reserve Bank of India, with key policy rate likely to breach the 'Neutral' rate by March 2026, an SBI Research report said on Monday.A cumulative rate cut of 125-150 bps is...
World Bank ED Parameswaran Iyer to represent India at IMF board, ET BFSI
Parameswaran Iyer, Executive Director at the World Bank, has been temporarily entrusted with the responsibility of being India's nominee director on the board of International Monetary Fund (IMF) ahead of a crucial May 9 meeting, sources said. Iyer's nomination was...
NPR and PBS to challenge Trump over public funding cuts
A sign for the Public Broadcasting Service (PBS) is seen on its building headquarters on Feb. 18, 2025 in Arlington, Virginia.Kayla Bartkowski | Getty ImagesThe CEOs of NPR and PBS said they're looking into options to challenge the Trump administration following the...
Trump blames ‘bad parts’ of economy on Biden
U.S. President Donald Trump walks to board Marine One to depart for Alabama, on the South Lawn of the White House in Washington, D.C., U.S., May 1, 2025. Nathan Howard | ReutersPresident Donald Trump took credit for the "good parts" of the economy in an exclusive...
Trump depicted as pope in AI-generated photo
U.S. President Donald Trump's Truth post in papal attire.Courtesy: The White House via X, formerly TwitterThe White House posted an AI-generated photo of President Donald Trump depicted as the pope on Friday, days after he joked that he'd "like to be pope."The image —...
RBI seeks lifting cap on ‘vostro’ accounts investments to push rupee-denominated trade, sources say, ET BFSI
The Reserve Bank of India has sought the government's approval to remove the cap on foreign banks with so-called vostro accounts buying short-term sovereign debt, to boost rupee-denominated investment and trade, according to two sources and a letter seen by...
RBI penalises 5 banks including Axis, ICICI, BoB, and others, BFSI News, ET BFSI
The Reserve Bank of India (RBI) on Friday imposed monetary penalties on five banks, three of those are private lenders including Axis Bank, ICICI Bank, and IDBI Bank. Other two are public sector banks including Bank of Baroda, and Bank of Maharashtra, for deficiencies...
Trump calls on Fed once again to lower rates after solid April jobs report
Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Chicago event in Chicago, Illinois, US, on Wednesday, April 16, 2025. Jamie Kelter Davis | Bloomberg | Getty ImagesPresident Donald Trump on Friday issued his latest call for the U.S....
President vows to revoke tax-exempt status
President Donald Trump on Friday said his administration will revoke Harvard University's tax-exempt status, escalating his previous threats against the Ivy League school and potentially expanding an ongoing legal battle."It's what they deserve!" Trump wrote in a...
INDIA RUPEE-Rupee hits six-month peak before retreating on likely central bank intervention, ET BFSI
MUMBAI, - The Indian rupee soared past 84 per U.S. dollar to touch a near six-month peak on Friday before reversing course on the back of likely dollar buying intervention by the central bank, via state-run lenders, traders said.Strong portfolio inflows and culling of...
India central bank working group recommends longer hours for interbank money markets, ET BFSI
MUMBAI, - A working group set up by the Indian central bank has recommended longer operating hours for the interbank money markets, while maintaining the current schedule for the bond and forex markets, according to a notice issued on Friday.The Reserve Bank of India...
Mike Waltz used Signal app at White House day before ouster
U.S. National Security Advisor Mike Waltz checks his mobile phone while attending a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025. Evelyn Hockstein | ReutersFormer White House national security advisor...
Rs 2000 notes worth Rs 6,266 cr still in circulation after withdrawal 2 yrs ago, ET BFSI
Mumbai: The high value Rs 2000 notes worth Rs 6,266 crore are still in circulation after two years of the Reserve Bank withdrawing the currency, according to official data. The Rs 2000 banknotes continue to be legal tender. On May 19, 2023, the Reserve Bank of India...
Russia war in Ukraine ‘not going to end any time soon,’ JD Vance says
U.S. Vice President JD Vance waves as he boards Air Force Two on May 1, 2025 in Charleston, South Carolina.Pool | Getty Images News | Getty ImagesU.S. Vice President JD Vance has warned Russia's full-scale invasion of Ukraine is not likely to come to an end "any time...
Trump plans to unveil federal budget proposal on Friday
U.S. President Donald Trump at the White House on May 1, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesU.S. President Donald Trump plans to unveil his budget proposal for the 2026 fiscal year on Friday and send it to Congress, according to a...
RBI announces new portfolio allocation for four Deputy Governors after Poonam Gupta’s appointment, ET BFSI
The Reserve Bank of India (RBI) has announced the revised distribution of responsibilities among its Deputy Governors following the appointment of Poonam Gupta, who officially assumed charge on 2nd of May. Gupta will oversee key economic and policy departments, while...
Transformation of debt collection strategy of Central Bank of India with Spocto X, ET BFSI
The Central Bank of India (CBoI), one of the oldest and most widespread public sector banks, wanted to improve its debt recovery mechanism and overall user experience.With better UX becoming the primary driver for good engagement and impactful results, the bank wanted...
Farage’s Reform UK Party support surges, wins closest ever by-election
Nigel Farage (C), leader of the Reform UK party, celebrates the victory of Sarah Pochin, the party's candidate, in the Runcorn & Helsby by-election at the DCBL Stadium in Widnes, north-west England, in the early hours of May 2, 2025. Oli Scarff | Afp | Getty...
Trump nominates Mike Waltz as UN ambassador
U.S. National Security Advisor Mike Waltz joins U.S. Vice President JD Vance for a visit to the U.S. military's Pituffik Space Base in Greenland on March 28, 2025. Jim Watson | Via ReutersPresident Donald Trump said Thursday that he will nominate Mike Waltz to be the...
Trump national security advisor Mike Waltz expected to leave
National Security Advisor Michael Waltz looks at his phone as he prepares for a TV interview at the White House on May 01, 2025 in Washington, DC. This week marks the first 100 days of U.S. President Donald Trump's second term. Andrew Harnik | Getty Images News |...
Chamber of Commerce asks Trump for tariff exclusions
The U.S. Chamber of Commerce is urging the Trump administration to immediately implement a "tariff exclusion process" in order to keep the U.S. economy from falling into a recession and inflicting "irreparable harm" on small businesses.In a letter first obtained by...
Trump calls China ‘chief-ripper-offer’ on trade
US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on April 30, 2025. Jim Watson | Afp | Getty ImagesPresident Donald Trump on Wednesday called China the leading candidate for the "chief-ripper-offer" on...
Banks’ rate transmission accelerates on RBI liquidity surge; MPC likely to hold in June, ET BFSI
RBIIndia's monetary policy transmission is accelerating on the back of the RBI’s liquidity support and an accommodative stance, with market rates already reflecting effective easing even as the Monetary Policy Committee (MPC) is likely to hold rates in June.According...
U.S. and Ukraine sign landmark minerals deal
Earth and minerals are loaded onto trucks at an open-pit mine near the frontline, despite the threat of bombing by Russian invading forces on February 26, 2025 in Donetsk Region, Ukraine.Pierre Crom | Getty Images News | Getty ImagesThe U.S. and Ukraine have signed a...
Trump India trade deal moving ‘as fast as possible’: Navarro
President Donald Trump's top trade advisor Peter Navarro said Wednesday that the White House is moving in "Trump time" as they negotiate a tariff deal with India, "which is to say, as fast as possible.""In Indian democracy, it's got to go through the prime minister...
Elon Musk goodbye Trump Cabinet, claims DOGE saved $160 billion
Tesla CEO Elon Musk reacts while wearing a cap with the words "Gulf of America" as he attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025. Evelyn Hockstein | ReutersDOGE chief Elon Musk claimed...
Trump trade advisor Navarro brushes off U.S. GDP drop
White House trade advisor Peter Navarro brushed off concerns Wednesday about the unexpected drop in U.S. gross domestic product last quarter, saying, 'We really like where we're at now," and pointing to a surge in new domestic investment."I got to say just one thing...
Trump blames Biden for GDP dip, defends tariffs, says ‘BE PATIENT!’
U.S. President Donald Trump speaks during a rally to mark his 100th day in office, at Macomb Community College in Warren, Michigan, U.S., April 29, 2025. Evelyn Hockstein | ReutersPresident Donald Trump on Wednesday blamed his predecessor and defended his sweeping...
RBI rate cuts to impact key profitability indicator of banks: Crisil, ET BFSI
The Reserve Bank's rate cuts will lead to an up to 0.20 per cent slip in return on assets, a key profitability indicator, for banks in FY26, a domestic rating agency said on Wednesday. Crisil Ratings said the RoA will contract by 0.10-0.20 per cent to 1.1-1.2 per cent...
Lars Klingbeil to become German vice chancellor, finance minister: SDP
Federal SPD Chairman Lars Klingbeil speaks in Trier.Photo by Harald Tittel/picture alliance via Getty ImagesThe Social Democratic Party's Lars Klingbeil has been tapped to become Germany's next finance minister in the incoming centrist coalition government, replacing...
What the new ATM withdrawal charges mean for customers, banks, ET BFSI
From May 1, 2025, withdrawing cash from ATMs beyond the free monthly limit will cost more, following the Reserve Bank of India’s decision to allow banks to raise charges. The hike is part of the regulator’s phased approach to account for rising operational costs....
RBI has room for more rate cuts, but with caution, says rate panel member, ET BFSI
India has room for more rate cuts, given the cooling inflation rate and elevated uncertainties around growth, but any further policy easing should be calibrated and done with caution, an external member of the country's rate-setting panel said late on Tuesday."Going...
Trump’s first 100 days in photos
There is one thing President Donald Trump's fans and foes can both agree on: A lot has happened over the past 100 days.The Republican president kicked off his nonconsecutive second term on Jan. 20 with a promise to usher in "the golden age of America."He has wasted no...
Commerce Secretary Lutnick says one trade deal is done, but waiting on approval from unnamed country’s leaders
U.S. Commerce Secretary Howard Lutnick speaks to members of the media near the White House in Washington, D.C., U.S., March 13, 2025.Nathan Howard | ReutersCommerce Secretary Howard Lutnick on Tuesday teased that the Trump administration has reached its first trade...
Trump White House ‘very close’ to India trade deal: Bessent
US Secretary of Treasury Scott Bessent speaks during the daily briefing in the Brady Briefing Room of the White House in Washington, DC, on April 29, 2025.Mandel Ngan | Afp | Getty ImagesTreasury Secretary Scott Bessent said Tuesday that the U.S. could be closing in...
White House blasts Amazon over tariff cost report: ‘Hostile and political act’
The White House on Tuesday slammed Amazon for reportedly planning to display the cost of President Donald Trump's tariffs next to the total price of products on its site."This is hostile and political act by Amazon," White House press secretary Karoline Leavitt told...
RBI ask banks to ensure Rs 100, Rs 200 notes dispense from ATMs, ET BFSI
The Reserve Bank of India (RBI) asked banks to ensure that ATMs dispense Rs 100 or Rs 200 denomination notes to enhance the availability of these currency notes to the public. Banks and White Label ATM Operators (WLAOs) have to implement the direction in a phased...
Alleged DHS Sec. Kristi Noem thief hit with federal charges
Kristi Noem, Homeland Security Secretary, during a meeting with US President Donald Trump and Nayib Bukele, El Salvador's president, in the Oval Office of the White House in Washington, DC, US, on Monday, April 14, 2025. Al Drago | The Washington Post | Getty ImagesA...
Trump investigates Harvard Law Review over race discrimination
People walk through Harvard Yard on the Harvard University campus in Cambridge, Massachussetts, on April 15, 2025.Joseph Prezioso | AFP | Getty ImagesThe Trump administration on Monday announced investigations into Harvard University and the Harvard Law Review after a...
White House names McNeill acting head of Transportation Security Administration
A Transportation Security Administration (TSA) agent's patch is seen as she helps travelers place their bags through the 3-D scanner at the Miami International Airport.Joe Raedle | Getty ImagesThe Trump administration has tapped a former White House official to serve...
RBI instructs all banks, financial companies, and other regulated entities to use PRAVAAH portal from 1st May, ET BFSI
The Reserve Bank of India (RBI) has given clear instructions that from May 1, 2025, all banks, financial companies, and other regulated entities must use the PRAVAAH portal to submit any applications for authorisations, licenses, and approvals.In an official statement...
RBI’s move to inject liquidity seen as a positive for bond prices, ET BFSI
Mumbai, The Reserve Bank has decided to inject more liquidity into the banking system through the purchase of Government bonds for an aggregate amount of Rs 1.25 lakh crore in May. The move is also expected to prop up bond prices, which had declined due to a sell-off...
European Union left reeling after Donald Trump’s first 100 days
European leaders have been left reeling after the first 100 days of U.S. President Donald Trump's second term saw increasing geopolitical and trade turmoil."It's unlike anything else we've seen before from the U.S. administration," European Union foreign policy chief...
U.S. House panel proposes moving FTC antitrust work to DOJ in budget package
The U.S. Capitol building is seen on April 28, 2025 in Washington, DC. Kayla Bartkowski | Getty ImagesThe U.S. House of Representatives Judiciary Committee on Monday said it proposed transferring the Federal Trade Commission's antitrust work to the Department of...
No Trump-Xi tariff talks underway, China says
U.S. President Donald Trump answers reporters' questions after exiting Marine One at the White House in Washington, D.C., U.S., April 27, 2025. Ken Cedeno | ReutersChina on Monday once again denied that it is in talks to resolve its tariff war with the United States,...
Elon Musk’s DOGE cuts may help Tesla, Neuralink avoid fines: memo
Elon Musk may skirt more than $2 billion in possible financial liabilities by exercising his influence over the federal government, a new report from Senate Democratic committee staffers out Monday alleges.Musk's 'Department of Government Efficiency' has brought...
60 Minutes reporter says none of us happy about top producer quitting
Scott Pelley attends the CBS Fall Schedule Celebration at Paramount Studios on May 02, 2024 in Los Angeles, California. Frazer Harrison | Wireimage | Getty Images"60 Minutes" correspondent Scott Pelley paid tribute Sunday to Bill Owens, the show's executive producer...
Putin announces 3-day ceasefire in May to mark 80 years since WW2 victory
Russian President Vladimir Putin visits a nuclear submarine base March 26, 2025, in Murmansk, Russia.Contributor | Getty Images News | Getty ImagesRussian President Vladimir Putin on Monday declared a three-day ceasefire in the war with Ukraine next month to mark the...
RBI rains on rich Indians’ offshore parade, BFSI News, ET BFSI
Here comes a bump on the road for rich Indian families busy building a corpus outside the country. Their best laid plans to give away their overseas wealth as ‘gifts’ to children — to pay for their EB-5 US visa, acquire properties abroad, and share a slice of the...
RBI Governor highlights India’s shift towards entrepreneurship and growing startup ecosystem, ET BFSI
Reserve Bank of India (RBI) Governor Sanjay MalhotrNEW DELHI: Reserve Bank of India (RBI) Governor Sanjay Malhotra said that the mindset of India's young generation has changed remarkably over the years, with many now preferring to become entrepreneurs rather than...
Trump’s approval rating drops; voters have doubts on economy: Polls
U.S. President Donald Trump speaks to members of the media as he departs for Rome, Italy, to attend Pope Francis' funeral, at the White House in Washington, D.C., U.S., April 25, 2025. Leah Millis | ReutersPresident Donald Trump's approval rating is dipping as he...
Trump Russia-Ukraine negotiations enter critical week: Rubio
U.S. Secretary of State Marco Rubio speaks to the media during a refueling stop at Shannon Airport in Shannon, Ireland, March 12, 2025, as he travels from talks with Ukraine in Saudi Arabia to attending a G7 Foreign Ministers meeting in Canada. Saul Loeb | Via...
White House journalists celebrate the First Amendment at the annual press dinner
There was no president. There was no comedian. What remained at the White House Correspondents' Association's annual dinner on Saturday night were the journalists and the First Amendment.The stripped-down festivities were a reflection of the somber tone in Washington...
RBI Governor Malhotra asks US industry to invest in India, BFSI News, ET BFSI
Washington, Reserve Bank Governor Sanjay Malhotra has exhorted the US industry to invest in India, stressing that the country continues to be the fastest growing major economy supported by policy consistency and certainty. Addressing the US-India Economic Forum...
Iran says ‘extremely cautious’ on success of nuclear talks with U.S.
United States Capitol building and an Iranian flag are seen at the National mall in Washington D.C., United States.Celal Gunes | Anadolu Agency | Getty ImagesIran and the United States have agreed to continue nuclear talks next week, both sides said on Saturday,...
Trump talks tougher on Russia, sits down with Zelenskyy
In this photo provided by the Ukrainian Presidential Press Office, Ukraine's President Volodymyr Zelenskyy, right, and President Donald Trump, talk as they attend the funeral of Pope Francis in Vatican, Saturday, April 26, 2025.Ukrainian Presidential Press Office via...
SC allows RBI to start fresh proceedings against big defaulters, ET BFSI
The Supreme Court on Friday said the Reserve Bank of India and banks can proceed afresh against big defaulters even as it set aside orders of various high courts that quashed criminal proceeding initiated against such borrowers and also stalled actions taken by the...
Trump and Ukraine’s Zelenskyy have ‘very productive’ meeting in Rome
U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy at the White House in Washington, D.C., U.S., Feb. 28, 2025. Brian Snyder | ReutersU.S. President Donald Trump and Ukrainian leader Volodymyr Zelenskyy had a "very productive" meeting on...
RBI to auction new 10-year benchmark bond next week, ET BFSI
A new 10-year benchmark government bond is expected to be introduced next week, on May 2, as the existing benchmark paper now has a residual maturity of only 9.5 years, bond dealers said.However, with the new auction coming amid heightened tensions between India and...
U.S. Education Dept investigates UC Berkeley’s foreign funding disclosures
Demonstrators at UC Berkeley rally to support the Freedom to Speak, Freedom to Teach, and Freedom to Learn, For Everyone, at Sproul Plaza in Berkeley, Calif. on Wednesday, March 19, 2025. Santiago Mejia | Hearst Newspapers | Getty ImagesThe U.S. Department of...
Yale alums warn Treasury chief Scott Bessent of Trump fascism risk
U.S. Treasury Secretary Scott Bessent takes questions from reporters at the Institute of International Finance (IIF) Global Outlook Forum on sidelines of the IMF and World Bank’s 2025 annual Spring Meetings in Washington, D.C., U.S., April 23, 2025. Elizabeth Frantz |...
SC allows RBI to start fresh proceedings against big defaulters, ET BFSI
The Supreme Court on Friday said the Reserve Bank of India and banks can proceed afresh against big defaulters even as it set aside orders of various high courts that quashed criminal proceeding initiated against such borrowers and also stalled actions taken by the...
UK’s Reeves talks trade with US’s Bessent after stressing EU ties
U.S. Treasury Secretary Scott Bessent takes questions from reporters at the Institute of International Finance (IIF) Global Outlook Forum on sidelines of the IMF and World Bank’s 2025 annual Spring Meetings in Washington, D.C., U.S., April 23, 2025. Elizabeth Frantz |...
Luigi Mangione pleads not guilty to CEO murder
Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges in New York City, U.S., Feb. 21, 2025. Curtis Means | Via ReutersLuigi Mangione pleaded...
FBI arrests judge in escalation of Trump immigration enforcement effort
Kash Patel, U.S. President Donald Trump’s nominee to be Director of the Federal Bureau of Investigation (FBI), testifies during his confirmation hearing before the Senate Judiciary Committee in the Dirksen Senate Office Building on Jan. 30, 2025 in Washington, DC.Anna...
George Santos to be sentenced in federal fraud case
Former New York congressman George Santos in 2024. New York Daily News | Tribune News Service | Getty ImagesFormer Rep. George Santos, whose web of lies about his life led to the New York Republican's expulsion from Congress, is set to be sentenced Friday morning in...
Russia tests U.S. patience, Trump rushes to clinch Ukraine peace deal
U.S. President Donald Trump looks on, on the day he signs executive orders in the Oval Office at the White House in Washington, D.C., U.S., April 23, 2025. Leah Millis | ReutersNearing the tone-setting 100th day of his second administration at the end of April, U.S....
RBI’s gold buying spree continues! 57.5 tonnes added to gold reserves; second highest in 7 years, ET BFSI
The Reserve Bank of India (RBI) acquired 57.5 tonnes of gold during FY25, expanding its holdings of safe haven assets whilst gold prices increased by over one-third during a period of instability in global financial markets. The RBI's gold acquisitions align with the...
Congress Republicans seek $27 billion for Golden Dome in Trump tax bill: Reuters
A view of the US Capitol building ahead of US President Donald Trump's address to a joint session of Congress in Washington, DC, on March 4, 2025. Alex Wroblewski | AFP | Getty ImagesRepublicans in the U.S. Congress plan to introduce a sweeping $150 billion defense...
Trump 2028 apparel fuels third White House term questions
A "Trump 2028" hat is seen for sale on Trumpstore.com, the Trump Organization's official retail website.Courtesy: Trump StoreThe online store for the Trump Organization on Thursday began selling red hats and T-shirts bearing the message "Trump 2028," fueling fresh...
South Korea calls for calm, orderly discussion in U.S. trade talks
South Korea's Trade, Industry and Energy Minister Ahn Duk-geun (right) arrives at Incheon International Airport on April 23, 2025, as he departs for Washington for finance and trade ministers' talks with the U.S.Jung Yeon-je | Afp | Getty ImagesSouth Korea has asked...
Trump tells Putin to 'STOP!' Russian strikes on Kyiv
Trump tells Putin to 'STOP!' Russian strikes on Kyiv
RBI’s cash influx seen a small relief amid global uncertainty, ET BFSI
By Swati Bhat and Siddhi NayakMUMBAI -The decision by India's central bank to cut rates and flood the banking system with cash will do little to immediately boost demand in Asia's third-largest economy as global uncertainties restrain corporate investment, bankers and...
Sebi tweaks framework for ESG Rating Providers using subscriber-pays model, ET BFSI
New Delhi, Markets regulator Sebi has tweaked the framework for ESG Rating Providers (ERPs), especially for those using a subscriber-pays model, requiring them to share ESG (Environmental, Social, and Governance) rating reports with both subscribers and the rated...
India better placed than peers on trade; door open for third RBI rate cut: DBS, ET BFSI
NEW DELHI: The Reserve Bank of India’s April policy meeting minutes indicate that the door is open for a third straight repo rate cut in June, believes Radhika Rao, Executive Director and Senior Economist at DBS Bank“The policy stance was revised to ‘accommodative’...
April MPC minutes show dovish shift; RBI signals support for growth amid global uncertainty, ET BFSI
April MPC minutes show dovish shift; RBI signals support for growth amid global uncertaintyThe Reserve Bank of India (RBI) maintained a distinctly dovish tone in the minutes of its April Monetary Policy Committee (MPC) meeting, reinforcing its shift toward supporting...
Confidence plummets among voters, new polls show
US President Donald Trump speaks with reporters outside the White House in Washington, DC, on April 23, 2025. Saul Loeb | Afp | Getty ImagesAmericans' confidence in President Donald Trump's ability to manage the U.S. economy has plummeted since he regained the White...
States sue Trump in bid to block new tariffs
NY Attorney General Letitia James speaks during a press conference on Feb. 14, 2025 in New York City.Michael M. Santiago | Getty ImagesA dozen states sued President Donald Trump and his administration on Wednesday, seeking a court order declaring that his new tariffs...
Treasury Sec. Bessent says China, U.S. could do big trade deal
Scott Bessent, US treasury secretary, at the IIF Global Outlook Forum during the International Monetary Fund (IMF) and World Bank Spring meetings in Washington, DC, US, on Wednesday, April 23, 2025. Kent Nishimura | Bloomberg | Getty ImagesTreasury Secretary Scott...
Treasury chief Scott Bessent delivers speech
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]Treasury Secretary Scott Bessent is delivering the keynote address to the Institute of International Finance in Washington, D.C., on Wednesday.After...
India seen resilient amid rising global headwinds, says RBI Bulletin, ET BFSI
India seen resilient amid rising global headwinds, says RBI BulletinIndia's economy is expected to remain resilient in the face of rising global uncertainties, supported by strong domestic fundamentals, according to the Reserve Bank of India’s latest bulletin. The...
RBI’s new liquidity norms expected to boost bank lending by ₹3 lakh crore, ET BFSI
The Reserve Bank of India's final liquidity coverage ratio norms for banks are expected to free up ₹2.7-3 lakh crore in funds for lending, economists said.This is a significant boost for banks struggling to raise deposits and will support the economy though cheaper...
At least 20 feared killed in militant attack on tourists in Indian Kashmir, security sources say
Local Kashmiris and Indian police, along with armed forces, gather outside the hospital to receive the dead and wounded after gunmen attacked Indian tourists on April 22, 2025 in Anantnag south of Srinagar, India. Yawar Nazir | Getty Images News | Getty ImagesAt least...
RBI cancels licence of Aurangabad-based Ajantha Urban Co-op Bank Maryadit, ET BFSI
The Reserve Bank on Tuesday said it has cancelled the licence of Ajantha Urban Co-operative Bank Maryadit, Aurangabad, as the lender does not have adequate capital and earning prospects. Consequently, the bank ceases to carry on banking business, with effect from the...
Fed Chair Powell won’t be fired but should cut interest rates
U.S. President Donald Trump speaks at the White House in Washington, D.C., U.S., April 22, 2025.Kevin Lamarque | ReutersPresident Donald Trump on Tuesday said he has "no intention" of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central...
RBI sets lower digital deposit buffer for lenders, gives one-year time for implementation, ET BFSI
The RBI also said banks will have to adjust the market value of bonds by applying haircuts, or valuation adjustments, which are in line with those applicable under the central bank's liquidity facilities.MUMBAI: The Reserve Bank of India on Monday directed lenders to...
Enrollment decline hits school funding, triggers cuts
Public schools across the United States are facing a financial reckoning in 2025 as federal pandemic relief funds expire and student enrollment continues to decline, according to data from the Georgetown Edunomics Lab.The funding crisis stems largely from the end of...
Trump administration proposes major shake-up of U.S. State Department
U.S. Secretary of State Marco Rubio speaks alongside U.S. President Donald Trump during a Cabinet meeting at the White House on April 10, 2025 in Washington, DC. Anna Moneymaker | Getty ImagesThe Trump administration is proposing a major overhaul of the U.S. State...
Trump stands ‘strongly behind’ Hegseth, White House says
President Donald Trump stands "strongly behind" Secretary of Defense Pete Hegseth, White House press secretary Karoline Leavitt said Tuesday, despite new reports that he discuss highly sensitive military information on a Signal chat with family and friends.Hegseth is...
China tariff fight will deescalate
U.S. Secretary of the Treasury Scott Bessent walks to speak to the news media about the latest tariff announcement from President Donald Trump, at the White House in Washington, D.C., U.S. April 9, 2025. Leah Millis | ReutersTreasury Secretary Scott Bessent told...
US tariff hike clouds India’s export outlook, add pressure on domestic demand: RBI, ET BFSI
The Reserve Bank of India (RBI), in its latest monthly bulletin released on Tuesday, raised concerns about the impact of the recent trade tariff hikes by the United States on the Indian economy. The bulletin says these higher tariffs could reduce India’s exports and...
RBI eases final liquidity coverage ratio norms, offers relief to banks, ET BFSI
Reserve Bank of India on Monday released the much-anticipated final rules on computation of liquidity coverage ratio, giving banks a breather as they are seen as less stringent than what was proposed earlier.The LCR norms, aimed at mitigating risk arising from a...
Indian central bank’s new liquidity norm to free up $35 billion, likely boosting credit growth, ET BFSI
By Dharamraj DhutiaMUMBAI -The Reserve Bank of India's relatively relaxed final guidelines on banks' liquidity coverage ratio (LCR) is expected to free up capital worth up to 3 trillion rupees ($35.24 billion) that could boost credit growth by as much as 2 percentage...
RBI permits minors above 10 years to operate bank accounts independently, ET BFSI
The Reserve Bank on Monday permitted banks to allow minors above the age of 10 years to open and operate savings/ term deposit accounts independently. The Reserve Bank of India has issued revised instructions on opening and operation in the deposit accounts of minors....
Indian bond yields rise on RBI’s revised liquidity norms, BFSI News, ET BFSI
Indian government bond yields inched up early on Tuesday, snapping a week-long drop, after the central bank's tweak to liquidity management norms dampened demand for government securities.The benchmark 10-year bond yield was at 6.3365% as of 10:15 a.m. IST, compared...
FM Nirmala Sitharaman, ET BFSI
India's quest for sustained growth over the next two decades hinges on a new paradigm, driven by bold reforms, enhanced domestic capabilities, and strategic institutional collaborations suited for the evolving global landscape, Finance Minister Nirmala Sitharaman said...
T Rabi Sankar re-appointed as RBI DG for one year, BFSI News, ET BFSI
The Appointments Committee of the Cabinet on Tuesday approved the reappointment of T. Rabi Sankar as Deputy Governor of the Reserve Bank of India for a one-year term.As per the release, this will take effect on 3rd of May, 2025.T. Rabi Sankar took over as the Deputy...
Walmart, Home Depot, Lowe’s, Target at White House
President Donald Trump listens to reporters' questions as he meets with Italian Prime Minister Giorgia Meloni in the Oval Office at the White House on April 17, 2025 in Washington, DC.Win Mcnamee | Getty ImagesPresident Donald Trump will meet Monday afternoon with...
Trump DHS Secretary Kristi Noem robbed at D.C. restaurant
US Secretary of Homeland Security Kristi Noem speaks at the Border Security Expo at the Phoenix Convention Center in Phoenix, Arizona, April 8, 2025. Rebecca Noble | Afp | Getty ImagesA thief stole Homeland Security Secretary Kristi Noem's purse while she was dining...
Trump Powell attacks interest rates Fed
Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Chicago event in Chicago, Illinois, US, on Wednesday, April 16, 2025.Jamie Kelter Davis | Bloomberg | Getty ImagesPresident Donald Trump on Monday ratcheted up his pressure campaign on...
India’s soon-to-be-introduced bond forwards seen boosting demand for state debt, ET BFSI
By Khushi Malhotra and Dharamraj DhutiaMUMBAI, - India's upcoming bond forwards are set to boost demand for state debt and lower borrowing costs for sub-national issuers, a move investors say could help deepen the country's local bond market.The Reserve Bank of India...
Financial markets must play crucial role to fulfil India’s aspirations: RBI Governor, ET BFSI
India's financial markets must play a crucial role if the country is to successfully navigate global challenges and achieve its long-term aspirations, said Reserve Bank of India (RBI) Governor Sanjay Malhotra.Speaking at the 24th FIMMDA-PDAI Annual Conference in Bali...
World leaders react to the death of Pope Francis
Pope Francis greets people as he attends the weekly general audience in St. Peter's square at the Vatican, March 8, 2023. Guglielmo Mangiapane | ReutersTributes and condolences poured in from around the world following news of the death of Pope Francis, who passed...
India close to finalising comprehensive bilateral trade deal with US, ET BFSI
Mumbai, India is close to finalising a comprehensive Bilateral Trade Agreement (BTA) with the US, which is expected to facilitate zero-duty imports under the production-linked incentive (PLI) schemes and enhance bilateral trade, targeted to reach $500 billion by 2030,...
How much gold does the RBI hold?, BFSI News, ET BFSI
How much gold does the RBI hold?ve ImageThe Reserve Bank of India (RBI), has significantly increased its gold holdings in the past year, emerging as one of the world’s most aggressive buyers of the precious metal. According to data from the World Gold Council (WGC),...
Building inclusive credit systems for the unbanked, ET BFSI
“Universal and affordable access to formal banking services is essential for achieving financial inclusion and empowerment. It integrates the poor into the economic mainstream and plays a crucial role in the development of marginalised communities”: Finance Minister...
India’s growth potential will uplift global trade, recognises IMF and World Bank: Nirmala Sitharaman, ET BFSI
San Francisco (California) [US], April 21 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, highlighted that global financial institutions like the IMF and the World Bank have recognised India's strong growth potential and its important role...
Vance arrives in India, to hold talks with Modi under US tariffs shadow
U.S. Vice President JD Vance arrives on April 21, 2025 in New Delhi, India. Vance will hold talks with Prime Minister Narendra Modi as India attempts to boosts ties with the Trump administration and avoid steep U.S. tariffs. Kenny Holston-Pool | Getty ImagesU.S. Vice...
Draft Trump order would make sweeping State Department changes
(L-R) US President Donald Trump, Vice President JD Vance and Secretary of State Marco Rubio (R) look on during a meeting with Israeli Prime Minister Benjamin Netanyahu in the Oval Office of the White House in Washington, DC, on April 7, 2025. Saul Loeb | Afp | Getty...
Trump ‘flouting the courts’ in Abrego Garcia case
U.S. Senator Chris Van Hollen (D-MD) speaks to the media during a visit to El Salvador to advocate for the release of Kilmar Abrego Garcia in San Salvador, El Salvador, April 16, 2025. Jose Cabezas | ReutersMaryland Sen. Chris Van Hollen said Sunday that his trip to...
Vance to visit India for bilateral talks on trade and economic ties
U.S. Vice President JD Vance shakes hands with Indian Prime Minister Narendra Modi during a bilateral meeting, at the residence of the U.S. Ambassador in Paris, France, Feb. 11, 2025.Leah Millis | ReutersU.S. Vice President JD Vance will embark on a four-day visit to...
Anti-Trump protesters turn out to New York, cities nationwide
SENSITIVE MATERIAL. THIS IMAGE MAY OFFEND OR DISTURB People attend the "Protect Migrants, Protect the Planet" protest in New York City on April 19, 2025.Caitlin Ochs | ReutersOpponents of President Donald Trump's administration took to the streets of communities large...
White House says Harvard letter was ‘unauthorized’: NYT
The White House letter sent to Harvard University outlining a list of demands about the university's hiring and admissions was sent without authorization, according to the New York Times, citing two unnamed people familiar with the matter.The April 11 letter, which...
Trump to reclassify many federal workers, making them easier to fire
U.S. President Donald Trump looks on on the day he signs executive orders in the Oval Office at the White House in Washington, D.C., U.S., April 17, 2025. Evelyn Hockstein | ReutersU.S. President Donald Trump said on Friday his administration is set to change the...
Iran, U.S. to hold talks in Rome in bid to reach nuclear deal
A newspaper featuring the headline story on indirect negotiations between Iran and the United States in Muscat, Oman, is displayed at a newsstand in Tehran, Iran, on April 12, 2025. Fatemeh Bahrami | Anadolu | Getty ImagesIran and the United States will hold a new...
US Supreme Court temporarily halts deportations of Venezuelan migrants
Salvadoran prison guards escort alleged members of the Venezuelan gang Tren de Aragua and the MS-13 gang recently deported by the U.S. government to be imprisoned in the Terrorism Confinement Center (CECOT) prison, as part of an agreement with the Salvadoran...
U.S. judge temporarily blocks mass firings at consumer bureau
The US Consumer Financial Protection Bureau (CFPB) headquarters in Washington, DC, US, on Sunday, Feb. 2, 2025. Bloomberg | Bloomberg | Getty ImagesA federal judge on Friday halted the mass firings carried out Thursday afternoon at the U.S. Consumer Financial...
Trump will study whether to fire Fed Chair Powell, adviser says
President Donald Trump, right, speaks as Jerome Powell, Trump's nominee as chairman of the Federal Reserve, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., Nov. 2, 2017.Olivier Douliery | Bloomberg | Getty...
U.S. proposes lighter sanctions on Russia as part of peace plan with Ukraine: Bloomberg
Ukrainian servicemen operate a tank on a road near the border with Russia, in the Sumy region of Ukraine, on August 14, 2024. The Ukrainian army entered Russia's Kursk region on August 6, capturing dozens of settlements in the biggest offensive by a foreign army on...
RBI to purchase gilts worth Rs 20k crore next week, BFSI News, ET BFSI
MUMBAI : The RBI on Thursday announced that it will buy govt securities worth Rs 20,000 crore on April 22 through open market operations. This will ensure adequate liquidity in the system and ensure interest rates don’t shoot up. Earlier in the day, the central bank...
Trump talked to Warsh about firing Powell for Fed, report says
Kevin Warsh, former governor of the US Federal Reserve, during The Semafor World Economy Summit in Washington, DC, US, on Thursday, April 18, 2024. Samuel Corum | Bloomberg | Getty ImagesPresident Donald Trump has spoken with former Federal Reserve Governor Kevin...
RBI imposes penalty on Kotak Mahindra Bank, IDFC First Bank, PNB, ET BFSI
The RBI on Thursday said it has imposed penalties on Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank for certain deficiencies in regulatory compliance. The Reserve Bank of India (RBI), in a statement said a penalty of Rs 61.4 lakh has been imposed on...
Trump threatens Harvard ability to enroll foreign students
U.S. President Donald Trump hosts Italian Prime Minister Giorgia Meloni and her visiting officials in the Cabinet Room at the White House on April 17, 2025 in Washington, DC. Win Mcnamee | Getty ImagesThe Trump administration is threatening to revoke Harvard...
Musk’s SpaceX is frontrunner to build Trump’s missile shield: Reuters
FILE PHOTO: Elon Musk gives a tour to U.S. President-elect Donald Trump and lawmakers of the control room before the launch of the sixth test flight of the SpaceX Starship rocket, in Brownsville, Texas, U.S., November 19, 2024 .Brandon Bell | Via ReutersElon Musk's...
Markets will ‘crash’ if Trump can fire Fed’s Powell, Elizabeth Warren warns
Sen. Elizabeth Warren, D-Mass., warned Thursday that U.S. markets will "crash" if Federal Reserve Chairman Jerome Powell can be fired by President Donald Trump.The comment from Warren, a frequent Powell critic, on CNBC's "Squawk on the Street" came hours after Trump...
FIU-IND, RBI sign MoU to strengthen anti-money laundering framework, ET BFSI
The Reserve Bank of India (RBI) and the Financial Intelligence Unit-India (FIU-IND) on Thursday signed a Memorandum of Understanding (MoU) in New Delhi to enhance coordination and facilitate seamless exchange of information in the fight against money laundering and...
SEBI chief urges corporates to raise the bar on governance, ET BFSI
Mumbai, SEBI Chairman Tuhin Kanta Pandey on Thursday said corporates must ensure high governance standards as any failure can trigger ripple effects across the market economy.Addressing the CII Corporate Governance Summit here, the market regulator chief said that...
Trump tariffs inviting corruption, Dems tell Bessent, Lutnick
Sen. Elizabeth Warren, D-Mass., conducts a news conference in the U.S. Capitol to voice opposition to the Senate Republicans' budget resolution on Thursday, April 3, 2025.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesDozens of Democratic lawmakers are warning that...
RBI’s proposed blended interest rates in co-lending to benefit borrowers: ICRA, ET BFSI
New Delhi [India], April 17 (ANI): Rating agency ICRA believes domestic borrowers will benefit from the RBI's proposed introduction of 'blended interest rates' in co-lending loans.On April 9, RBI has shared a draft framework to specify the regulatory norms and...
RBI signals confidence in banking sector, holds off activating countercyclical capital buffer, ET BFSI
The Reserve Bank of India (RBI) stated that it will not activate the Countercyclical Capital Buffer (CCyB) at this time, citing current economic conditions that do not necessitate such a measure.The CCyB framework, established in February 2015, is designed to ensure...
RBI expands NBFC audit ambit to cover their service providers, ET BFSI
Mumbai: The banking regulator has widened the scope of its audits for non-banking financial companies that collaborate with multiple fintech firms acting as loan service providers (LSPs), multiple sources aware of the matter told ET.As part of this enhanced inspection...
Trump fires Democratic board members of credit union watchdog
Todd Harper, chairman of the National Credit Union Administration (NCUA), during a House Financial Services Committee hearing in Washington, DC, on Tuesday, May 16, 2023.Nathan Howard | Bloomberg | Getty ImagesThe White House has fired two Democratic board members of...
Probable cause for Trump admin contempt in deportation case
A federal judge found probable cause to hold the Trump administration in criminal contempt for ignoring his order barring the deportation of alleged Venezuelan gang members to a notorious El Salvador prison."The Court ultimately determines that the Government's...
California suing Trump to stop tariffs
US President Donald Trump and First Lady Melania Trump are greeted by California Governor Gavin Newson upon arrival at Los Angeles International Airport in Los Angeles, California, on Jan. 24, 2025, to visit the region devastated by the Palisades and Eaton...
The European Union braces for more U.S. tariffs despite talks
In this photo illustration, a double exposure images shows U.S. President Donald Trump against the EU flag.Sopa Images | Lightrocket | Getty ImagesThe European Union is preparing for more tariffs from the United States, despite conversations with the U.S. President...
In a fog of uncertainty, Fed policy storm could be approaching, ET BFSI
By Ann Saphir and Howard SchneiderWASHINGTON, - U.S. Federal Reserve officials, in agreement that President Donald Trump's tariffs have unmoored their sense of the economy's direction, may face an intense internal debate about the right monetary policy response,...
RBI’s new collateral rule may impact gold loan accessibility, limits use of gold ETFs and MFs, ET BFSI
The Reserve Bank of India's (RBI) new draft framework for gold loans that introduces stricter collateral rules could undermine the flexibility and financial innovation needed to expand access to gold-backed credit.The proposed guidelines, which apply to all lending...
Not activating countercyclical capital buffer, says RBI, BFSI News, ET BFSI
The Reserve Bank on Tuesday said it has decided against activating countercyclical capital buffer (CCyB) as it is not needed in the present circumstances. The framework on CCyB was put in place by the Reserve Bank of India (RBI) in terms of guidelines in February...
Many IRS workers interested in resignation offer
A traffic light is red outside the U.S. Internal Revenue Service building in Washington, D.C., on Feb. 20, 2025.Kent Nishimura | ReutersAbout 20,000 Internal Revenue Service employees have expressed interest in accepting the Trump administration's latest deferred...
Co-op banks, NBFCs hit the most as penalties touch Rs 56.32 crore in 2024, ET BFSI
India’s financial regulators tightened the compliance screws in 2024, imposing a total of Rs 56.32 crore in monetary penalties across 304 instances, with co-operative banks and NBFCs drawing the most flak, according to a report by corporate law firm AK and Partners...
Judge orders Trump officials to testify about efforts to return wrongly deported man
A U.S. judge on Tuesday demanded U.S. officials provide documents and answer questions under oath about what it had done to secure the return of a man wrongly deported to El Salvador, ramping up an inquiry into whether the Trump administration defied a court...
Ladki Bahin scheme to continue, no question of scrapping it: Ajit Pawar, ET BFSI
Mumbai, Maharashtra Deputy Chief Minister Ajit Pawar has said the government's flagship Ladki Bahin scheme to provide financial assistance to women will continue and that there is no question of scrapping it. Under the Mukhyamantri Majhi Ladki Bahin Yojana, which is...
Rep. Ocasio-Cortez fundraising soars as she blasts Trump
Rep. Alexandria Ocasio-Cortez (D-NY) speaks during a stop on the ‘Fighting Oligarchy’ tour with U.S. Sen. Bernie Sanders (I-VT) at Grand Park on April 12, 2025 in Los Angeles, California. Mario Tama | Getty ImagesRep. Alexandria Ocasio-Cortez raised $9.6 million...
Trump eyes deporting U.S. citizens to foreign prisons
WASHINGTON, DC - APRIL 14: US President Donald Trump, during a meeting with Nayib Bukele, El Salvador's president, in the Oval Office of the White House in Washington, DC, US, on Monday, April 14, 2025. Al Drago | The Washington Post | Getty ImagesPresident Donald...
Trump shredding credibility with allies as China benefits: John Bolton
U.S. President Donald Trump's moves to take China to task on trade are likely to backfire as his sweeping global tariffs hit allies as well as rivals, according to former national security advisor John Bolton."This is certainly not the way you treat your friends. You...
RBI’s draft gold loan norms may tighten access for borrowers, slow sector growth, ET BFSI
The Reserve Bank of India’s (RBI) proposed guidelines for lending against gold are expected to curb growth among non-banking financial companies (NBFCs) and make it harder for some borrowers to access credit. While the central bank says the draft is aimed at...
DOJ charges in Tesla, GOP arson in New Mexico
Republican Party headquarters is damaged in a fire in Albuquerque, New Mexico, U.S., in this handout image released on March 30, 2025.New Mexico GOP | Via ReutersFederal authorities arrested a New Mexico man in connection with arson attacks on a Tesla showroom and the...
India moves to deepen junk debt market by allowing bad loan securitisation, ET BFSI
By Siddhi Nayak and Khushi MalhotraMUMBAI - The Indian central bank's plan to allow lenders to bundle bad loans into tradable securities will draw foreign portfolio investors (FPIs) and private credit funds, helping deepen the country's junk debt market, analysts and...
Govt to provide major part of ₹10000 crore startup fund to sectors like new age tech, AI, ET BFSI
As per the government's eligibility conditions, entities are recognised as 'startups' under the Startup India initiative by the department.NEW DELHI: The Union Ministry of Commerce and Industry will allocate a major part of the second ₹10,000 crore Fund of Funds...
Singapore dissolves parliament ahead of general election
Singapore, city skyline and The Merlion, duskWalter Bibikow | Stone | Getty ImagesSingapore President Tharman Shanmugaratnam on Tuesday dissolved the city-state's parliament, paving the way for a general election, on the advice of Prime Minister Lawrence Wong. A...
U.S. businesses sue to block Trump tariffs
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025.Nathan Howard | ReutersA group of five small businesses on Monday sued President Donald Trump, seeking to block new tariffs that he has imposed on...
Harvard University rejects Trump demand on DEI, imperils funding
A person runs past Dunster House at Harvard University on March 17, 2025 in Cambridge, Massachusetts. Scott Eisen | Getty ImagesHarvard University on Monday rejected demands by the Trump administration to eliminate its DEI programs and screening international students...
El Salvador President Bukele won’t return Abrego Garcia
U.S. President Donald Trump meets with El Salvador President Nayib Bukele in the Oval Office at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | ReutersEl Salvador President Nayib Bukele said Monday that he would not return Kilmar Abrego...
Trump tariff deals coming, not recession: Hassett
White House Council of Economic Advisers Chairman Kevin Hassett speaks with reporters outside the White House in Washington, DC, on March 7, 2025. Anna Moneymaker | Getty Images News | Getty ImagesNational Economic Council Director Kevin Hassett said Monday that "more...
Why Trump’s nuclear talks with Iran could be far more successful than Biden’s
This combination of pictures created on April 09, 2025 shows US Middle East envoy Steve Witkoff after a meeting with Russian officials at Diriyah Palace, in Riyadh, Saudi Arabia, on February 18, 2025 (L); and Iran's Foreign Minister Abbas Araghchi speaking to AFP...
Rs 33 lakh crore of collateral-free loans sanctioned, 68 pc beneficiaries women: Minister, ET BFSI
Nagpur, Union minister Pankaj Chaudhary on Monday said more than Rs 33 lakh crore of collateral-free loans have been given to 52 crore people under Mudra Yojana for starting businesses and 68 per cent of the beneficiaries are women. The Minister of State for Finance...
RBI’s draft gold loan norms to hit NBFCs more than banks, ET BFSI
The Reserve Bank of India's (RBI) draft guidelines on gold loans are expected to impact non-banking financial companies (NBFCs) more significantly than banks, with analysts anticipating a slowdown in disbursements and growth for gold loan-focused lenders in the near...
RBI’s FY25 dividend to centre expected to top Rs 2.5 lakh crore, ET BFSI
Mumbai: Surplus transfer for FY25 from the central bank to the government could easily top ₹2.5 lakh crore, economists and analysts said, dwarfing last year's mega dividend payout by nearly a fifth. This would exceed the Centre's budgeted estimates for FY26 with...
Govt to provide major part of Rs 10,000 cr startup fund to sectors like new age tech, AI, ET BFSI
New Delhi, The commerce and industry ministry will allocate a major part of the second Rs 10,000 crore Fund of Funds Scheme (FFS) for startups to budding entrepreneurs in sectors such as new-age technology, artificial intelligence, and machine building, an official...
RBI’s FY25 dividend to centre expected to top Rs 2.5 lakh crore, ET BFSI
Mumbai: Surplus transfer for FY25 from the central bank to the government could easily top ₹2.5 lakh crore, economists and analysts said, dwarfing last year's mega dividend payout by nearly a fifth. This would exceed the Centre's budgeted estimates for FY26 with...
Trump, top aides fuel tariff confusion by questioning reciprocal exemptions
U.S. President Donald TrumpNathan Howard | ReutersPresident Donald Trump and his top trade officials on Sunday added to the confusion over his administration's tariff plans, including newly announced exemptions for reciprocal tariffs on electronic products such as...
China urges Trump to heed ‘rational voices’ on reciprocal tariffs
China's Commerce Ministry called the U.S. tariff exemptions a "small step" and urged U.S. President Donald Trump to "completely abolish" the reciprocal tariffs, which include a 145% duty on imports from China."We urge the U.S. to heed the rational voices of the...
Russia and Ukraine accuse each other of failing to pause strikes
ANTALYA, TURKIYE- APRIL 12: Russian Foreign Minister Sergey Lavrov speaks on the second day of the diplomatic forum on April 12, 2025 in Antalya, Türkiye. The Antalya Diplomacy Forum 2025 (ADF), organized for the fourth time in Antalya under the auspices of President...
U.S. won’t say whether it’s facilitating return of mistakenly deported man, despite judge’s order
U.S. military personnel escort alleged members of the Venezuelan gang Tren de Aragua and the MS-13 gang recently deported by the U.S. government to be imprisoned in the Terrorism Confinement Center (CECOT) prison, as part of an agreement with the Salvadoran...
Iran and U.S. envoys hold 1st negotiation over Tehran’s nuclear program, and talk face-to-face
Iran and the United States will hold more negotiations next week over Tehran's rapidly advancing nuclear program, Iranian state television reported Saturday at the end of the first round of talks between the two countries since President Donald Trump returned to the...
Trump exempts phones, computers, chips from new tariffs
Smartphones and computers will be exempted from President Donald Trump's reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection.The guidance comes after Trump earlier this month imposed 125% tariffs on products from China, a move that...
Luigi Mangione asks judge to block death penalty in CEO murder case
Luigi Mangione, the suspect in the killing of UnitedHealth Group chief executive Brian Thompson, appears in Manhattan Supreme Court on New York state murder and terrorism charges in New York City, U.S., Feb. 21, 2025.Steven Hirsch | Via ReutersLawyer for Luigi...
RBI proposes new route for offloading bad loans, BFSI News, ET BFSI
MUMBAI: RBI has proposed a new route for banks and NBFCs to offload bad loans, allowing them to bundle and sell stressed assets directly to investors through special purpose entities set up by regulated financial firms. Until now, only asset reconstruction companies...
DOJ fires longtime spokesman who worked on Trump investigations
FILE PHOTO: Former Special Counsel Robert Mueller stands before the House Judiciary Committee as he prepares to testify at a hearing on the Office of Special Counsel's investigation into Russian Interference in the 2016 Presidential Election" on Capitol Hill in...
5 law firms commit $600 million in pro bono legal work
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | ReutersPresident Donald Trump on Friday said five more law firms have struck agreements with his administration that involve them...
DOJ blows judge’s deadline for revealing plan to return Abrego Garcia from El Salvador prison
U.S. Attorney General Pam Bondi looks on during her first press conference at the Justice Department in Washington, D.C., U.S., Feb. 12, 2025. Craig Hudson | ReutersThe Department of Justice missed a Friday morning deadline set by a federal judge in Maryland to inform...
Democrats ask SEC to probe stock market manipulation
Sen. Adam Schiff, D-Calif., questions Brooke Rollins, President Donald Trump's nominee to be Agriculture secretary, during her Senate Agriculture, Nutrition and Forestry Committee confirmation hearing in Dirksen building on Thursday, January 23, 2025. Tom Williams |...
Trade advisor Peter Navarro hypes stock market after plunge
Senior trade adviser Peter Navarro attends an interview with CNN, at the White House, in Washington, D.C., U.S., April 10, 2025. Evelyn Hockstein | ReutersPresident Donald Trump's trade advisor Peter Navarro on Friday encouraged Americans to buy stocks one day after...
Lenders to be allowed to bundle and sell bad loans to investors, ET BFSI
Mumbai: RBI has proposed a new route for banks and NBFCs to offload bad loans, allowing them to bundle and sell stressed assets directly to investors. Until now, only asset reconstruction companies handled such assets. The move, announced with the Apr monetary policy,...
Austria flags US tariffs, urges strengthening cooperation between partners, ET BFSI
London, Apr 11 (PTI) Vienna cited the "strain" caused by the new US tariffs and urged strengthening economic cooperation with partner countries, as Finance Minister Nirmala Sitharaman met her Austrian counterpart during her Europe trip. The Austrian Federal Ministry...
Why Trump’s tariffs won’t push China and Europe closer
The flags of the European Union (L) and China stand side by side at the Chancellery on June 20, 2023 in Berlin, Germany.Sean Gallup | Getty Images News | Getty ImagesChina and the European Union are unlikely to become close allies quickly, analysts say, even as U.S....
Growth risks to nudge India central bank towards deeper rate cuts, economists say, ET BFSI
By Dharamraj DhutiaMUMBAI, - The Reserve Bank of India's rate-cutting cycle could be deeper than expected as downside risks to growth and a benign inflation outlook could prompt the central bank to be more accommodative, economists said.Growth in Asia's third-largest...
India’s bond market holding strong thanks to RBI’s clear rate trajectory: B Prasanna, ET BFSI
"There are times when strong equity means strong inflows and strong inflows means bond flow. It is also good for bonds and so bond yields can fall," says B Prasanna, ICICI Bank.One side markets are worried about slowdown and what I have learnt over the years from...
Supreme Court upholds order on Kilmar Abrego Garcia
Jennifer, center, whose husband Kilmar Abrego Garcia was deported by ICE, is hugged by a staff member of CASA, at the CASA Multicultural Center during a press conference ahead of Garcia's hearing.The Washington Post | Getty ImagesThe Supreme Court on Thursday upheld a...
RBI proposes credit boost for infra bonds to ease bank loans and improve ratings, ET BFSI
The central bank's draft guidelines on Wednesday sought to incentivise more bond issues for long-gestation infrastructure projects and boost their ratings, allowing the proceeds of money raised from credit enhanced bonds to pay off bank loans.'Infrastructure companies...
Deposit rate cuts unlikely soon despite RBI’s rate cut, BFSI News, ET BFSI
Deposit rate cuts unlikely soon despite RBI’s rate cutDespite a cumulative 50 basis point reduction in the policy rate by the Reserve Bank of India (RBI) since February, banks are unlikely to lower deposit rates immediately due to persistent deposit tightness and...
Trump announces 90-day ‘pause’ on reciprocal tariffs for all but China, raises tariff on China to 125%, ET BFSI
In a major development, US President Donald Trump announced on April 9 a 90-day 'pause' on reciprocal tariffs for all but China. Trump's sudden announcement pulled the world back just in time from the brink of an all-out, full-on trade war, and financial markets from...
India eyes quick trade deal with US, ET BFSI
India is eager to expedite a trade agreement with the United States following US President Donald Trump's unexpected decision to temporarily pause the implementation of reciprocal tariffs on many countries whilst increasing duties on China.Trump announced an increase...
NaBFID signs MoU with New Development Bank to accelerate financing infra projects, ET BFSI
New Delhi, The National Bank for Financing Infrastructure and Development (NaBFID) on Thursday said it has signed a Memorandum of Understanding (MoU) with the New Development Bank (NDB) creating a deep and sustainable infrastructure financing market and developing a...
World breathes sigh of relief after U.S. tariff reprieve; China’s duties kick in
Tariff suspension 'the first right step,' Polish finance minister saysAndrzej Domanski, Poland's finance minster, during a news conference at the Economic and Financial Affairs Council (ECOFIN) meeting at the European Council headquarters in Brussels, Belgium, on...
RBI’s policy stance turning accommodative shows signs of easing: SBI Report, ET BFSI
The Reserve Bank of India (RBI) has taken a more accommodative stance in its monetary policy, as inflation expectations have shown signs of easing. According to a recent report by the State Bank of India (SBI), the central bank's decisions are not only influenced by...
FM Sitharaman, BFSI News, ET BFSI
LONDON/ DELHI: Finance minister Nirmala Sitharaman said on Wednesday that the govt is focusing on ensuring that domestic demand stayed strong to maintain the underlying strength of the Indian economy. Her comments come amid fears that US tariffs would cause global...
Trump must negotiate trade with China
Ray Dalio, billionaire and founder of Bridgewater Associates, speaks to members of the media while departing a meeting with House Budget Committee Republicans on Capitol Hill in Washington, D.C., on March 25, 2025.Daniel Heuer | Bloomberg | Getty ImagesBridgewater...
Trump announces 90-day tariff pause for at least some countries
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2, 2025 in Washington, DC.Chip Somodevilla | Getty Images News | Getty ImagesPresident Donald Trump on Wednesday announced a 90-day pause on...
DOJ ends crypto enforcement team, shifts focus to terrorism and fraud
Department of Justice Headquarters in Washington, D.C. on April 18, 2022.Kent Nishimura | Los Angeles Times | Getty ImagesThe U.S. Justice Department abruptly shut down its National Cryptocurrency Enforcement Team, signaling a major shift in how the federal government...
Trump White House can’t ban AP from Oval Office, judge rules
A federal judge ruled Tuesday that the White House cannot bar Associated Press reporters and photographers from the Oval Office, Air Force One and other tightly controlled spaces where a handful of other media outlets are admitted to cover President Donald...
Trump reciprocal tariffs take effect on imports from around the world
President Donald Trump speaks on the day he signs energy-related executive orders, at the White House in Washington, April 8, 2025.Nathan Howard | ReutersA new round of steep tariffs imposed by President Donald Trump took effect early Wednesday morning on products...
RBI shifts to growth-supportive mode with dovish rate cut; Economists predict more easing ahead, ET BFSI
) cut the repo rate by 25 basis points (bps) to 6.25 per cent on Wednesday, aligning with market expectations, while pivoting to an “accommodative” stance amid rising global headwinds and domestic growth-inflation dynamics. Economists widely interpreted the move as a...
German centrist parties reach coalition deal
Coalition negotiations between the CDU/CSU and SPD.Michael Kappeler | Picture Alliance | Getty ImagesGermany's centrist parties on Wednesday finalized a coalition agreement, paving the way for the Christian Democratic Union, Christian Social Union and Social...
European Union approves first set of retaliatory tariffs on U.S. imports
European flags fly in front of the Berlaymont building.Omar Havana | Getty Images News | Getty ImagesThe European Union on Wednesday voted to approve its first set of retaliatory measures to counter tariffs imposed by the U.S. on steel and aluminum.The European...
Trump tariff turmoil puts pressure on Reserve Bank of India to act, ET BFSI
India’s central bank is expected to cut interest rates on Wednesday around the same time US import tariffs take effect, with investors primed for more market turmoil and the possibility Governor Sanjay Malhotra will take stronger steps to bolster the economy against a...
China retaliates, Dimon predicts recession
Sen. Warren: Tariffs are causing 'economic chaos' Sen. Elizabeth Warren moved to force a vote on a resolution to repeal Trump's tariffs by canceling the emergency declaration used to justify them."By putting across-the-board tariffs with virtually every nation, on...
Sanjay Malhotra announces 25 bps rate cut to 6%, ET BFSI
Reserve Bank of India (RBI) Governor Sanjay Malhotra The Reserve Bank of India (RBI) Governor Sanjay Malhotra presented the first monetary policy for the financial year 2025-26 announcing an unanimously rate cut by 25 bps to 6%.The Governor also announced that the MPC...
IRS chief quits after immigration data-sharing deal
The acting head of the Internal Revenue Service plans to resign, the Treasury Department said on Tuesday, a move that comes after the agency struck a controversial deal to share tax data on undocumented immigrants with federal agents.Commissioner Melanie Krause will...
RBI sees inflation for FY26 at 4% on back of soft food, fuel prices, ET BFSI
RBI sees inflation for FY26 at 4% on back of soft food, fuel pricesThe Reserve Bank of India (RBI) has exuded confidence that retail inflation will align with the target of 4 per cent over the enxt 12 months period on the back of soft food and fuel prices."The outlook...
Top highlights from Governor Malhotra’s Policy briefing, ET BFSI
The Reserve Bank of India, in its first monetary policy review for FY26, delivered a much-anticipated rate cut, slashing the repo rate by 25 basis points to 6 per cent, the decision for which was unanimous. RBI Governor Sanjay Malhotra, delivering the Monetary Policy...
China to raise reciprocal tariffs on U.S. goods to 84%
The Chinese flag flies in Tiananmen square, as seen from the Great Hall of the People where meetings of the National People's Congress continued in Beijing on March 6, 2025.Greg Baker | Afp | Getty ImagesChina on Wednesday said it would increase its reciprocal tariffs...
India offers a compelling growth opportunity for foreign banks: FM Sitharaman, ET BFSI
New Delhi, India offers a compelling growth opportunity for foreign banks and the government is actively encouraging foreign investment in the banking sector, Union Finance Minister Nirmala Sitharaman has stressed.Addressing the India-UK Investor Roundtable discussion...
RBI to ramp up scrutiny of co-lending arrangements with generic regulatory framework, ET BFSI
RBI to ramp up scrutiny of co-lending arrangements with generic regulatory framework Highlighting the potential of the co-lending business practices, the Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday announced the expansion of the scope for...
RBI sees 6.5% GDP growth in FY26 amid Trump tariff tensions, ET BFSI
RBI Governor Sanjay Malhotra The Reserve Bank of India has projected India's GDP growth for 2025-26 on the back of sustained demand from rural areas and revival in urban consumption amid changing global economic outlook after the recent trade tariff related measures...
Keeping guards ready, MPC kept its powder dry for rainier days amid US tariffs, ET BFSI
Samir Arora’s observations come at a time when investors are preparing for new reciprocal US tariffs.Amid the ‘fast changing’ global economic outlook, triggered by the recent Trump tariffs, the Reserve Bank of India (RBI) has decided not to frontload all its...
What it means for the economy and borrowers, ET BFSI
RBI shifts stance to ‘Accommodative’: What it means for the economy and borrowersIn a significant policy signal, the Reserve Bank of India (RBI) on Wednesday changed its monetary policy stance from ‘neutral’ to ‘accommodative’ while announcing a 25 basis points cut in...
RBI vouches for securitisation of stressed assets through market-based mechanism, ET BFSI
RBI vouches for securitisation of stressed assets through market-based mechanismThe Reserve Bank of India vouches for a prudentially structured securitisation transaction to be the enabler for resolution of stressed assets. With this intent, Governor Sanjay Malhotra...
SCOTUS pauses deadline for return of Maryland man mistakenly deported to El Salvador
The U.S. Supreme Court is seen on April 07, 2025 in Washington, DC. Kayla Bartkowski | Getty ImagesChief Justice John Roberts agreed Monday to pause a midnight deadline for the Trump administration to return a Maryland man mistakenly deported to a notorious prison in...
China and EU reassess trading relationship
U.S. is ‘unrecognizable’ and resembles an emerging market, says Euronext CEO CEO of Euronext Stephane Boujnah delivers a speech during the Euronext 13th annual conference in Paris on March 18, 2025. Thibaud Moritz | Afp | Getty ImagesStephane Boujnah, CEO of Euronext,...
RBI likely to infuse over Rs 4 lakh crore liquidity in FY26 as global headwinds mount, ET BFSI
RBI likely to infuse over Rs 4 lakh crore liquidity in FY26 as global headwinds mountThe Reserve Bank of India is expected to extend its aggressive liquidity support into FY26, as it seeks to shield the economy from rising global risks, including fallout from new US...
Will RBI surprise with a 50 bps rate cut on April 9?, BFSI News, ET BFSI
Will RBI surprise with a 50 bps rate cut on April 9?While a 25 basis point cut remains the consensus expectation, rising fears of a global recession and trade disruptions have strengthened the case for a front-loaded rate reduction.With global and domestic...
RBI named most innovative financial institution globally by Global Finance, ET BFSI
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) has been recognised as the Most Innovative Financial Institution globally in Global Finance's prestigious 2025 Innovators list, the central bank said in a post on X.This marks a historic...
PM Modi, BFSI News, ET BFSI
New Delhi, Prime Minister Narendra Modi highlighted on Tuesday that the Pradhan Mantri MUDRA Yojana (PMMY), launched 10 years ago on April 8, has turned out to be a massive success in empowering the poor at the grassroots with over 52 crore loans given worth Rs 33...
FM Sitharaman hails women empowerment, financial inclusion of marginalised sections, ET BFSI
New Delhi, Union Finance Minister Nirmala Sitharaman on Tuesday said it is heartening to note that nearly 68 per cent of the total Pradhan Mantri MUDRA Yojana (PMMY) loan accounts have been sanctioned to women, becoming a tool for empowerment and enabling them to...
Market chaos puts White House on defense
Ackman walks back accusation Lutnick 'profits when our economy implodes' Ackman is apologizing for accusing Lutnick of being "indifferent" to a stock market crash because he stands to profit from it."It was unfair of me to lash out at @howardlutnick," writes Ackman."I...
Stock market earthquake must be weathered with calm say EU leaders
In this photo illustration, a double exposure images shows U.S. President Donald Trump against the EU flag.Sopa Images | Lightrocket | Getty ImagesEuropean Union leaders urged a calm response to U.S. President Donald Trump's tariffs that have battered global markets,...
India swap markets signal RBI could do more than just a 25-bp rate cut this week, ET BFSI
By Dharamraj DhutiaMUMBAI, - India's overnight indexed swap (OIS) rates have fallen in the last three sessions, signaling that besides just a quarter-point rate cut this week, the central bank could also change its stance or opt for a bigger reduction.OIS rates, the...
Nirmala Sitharaman set for week-long official visit to UK, Austria, ET BFSI
New Delhi [India], April 7 (ANI): Finance Minister Nirmala Sitharaman will embark on an official visit to the UK and Austria on Monday (today). Her visit will conclude on April 13.According to a statement from the Ministry of Finance, the finance minister is scheduled...
PM Mudra Yojana crosses key milestone of 52 crore loans worth Rs 32.61 lakh crore to poor in 10 years, ET BFSI
New Delhi, Over 52 crore loans worth Rs 32.61 lakh crore have been sanctioned under the PM Mudra Yojana as the scheme completes 10 years of its launch on April 8, 2015, according to official figures.The scheme has helped to spread business growth to small towns and...
How RBI is looking to tackle climate-related financial risks, BFSI News, ET BFSI
How RBI is looking to tackle climate-related financial risksThe Reserve Bank of India (RBI) is reinforcing its role in tackling climate change-related financial risks by building a green financing ecosystem through regulations, capacity building, and innovation. RBI...
I do not support tariffs exceeding 10%
Stanley Druckenmiller at CNBC's Delivering Alpha on Sept. 28, 2022.Scott Mlyn | CNBCBillionaire investor Stanley Druckenmiller made a rare post on the social media platform X on Sunday, reiterating his opposition to tariffs exceeding 10%.The founder of Duquesne Family...
Economists, BFSI News, ET BFSI
MUMBAI: Economists expect RBI to cut interest rates by 25 basis points (100bps = 1 percentage point) at the conclusion of its three-day monetary policy meeting on April 9, despite global trade uncertainties triggered by US President Donald Trump's tariffs. Inflation...
India’s forex reserves rise to USD 665.4 billion, major jump in nearly five months: RBI, ET BFSI
New Delhi [India], April 6 (ANI): In a significant development, India's foreign exchange reserves rose from USD 6.596 billion to USD 665.396 billion in the week that ended on March 28, extending gains for the fourth straight week, official data released by RBI...
Commerce Secretary Lutnick tariffs are coming
President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | ReutersThe Trump administration will remain...
Stock market crash not part of Trump’s strategy
White House economic adviser Kevin Hassett stands next to U.S. President Donald Trump in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | ReutersA crashing stock market is not part of an intentional strategy by President...
USAID team fired while in Myanmar earthquake zone, ex-official says
A flag outside of the U.S. Agency for International Development (USAID) headquarters is seen on February 03, 2025 in Washington, DC.Kevin Dietsch | Getty ImagesThree U.S. aid workers were laid off while in Myanmar helping the rescue and recovery from the country's...
U.S. starts collecting Trump’s new 10% tariff, smashing global trade norms
Containers are pictured at an industrial port in Tokyo, Japan April 2, 2025. REUTERS/Kim Kyung-HoonKim Kyung-hoon | ReutersU.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher...
Startup India desk to be established in DPIIT as helpline for entrepreneurs: Piyush Goyal, ET BFSI
Commerce and Industry Minister Piyush Goyal announced on Saturday that a Startup India desk will be set up within the Department for Promotion of Industry and Internal Trade (DPIIT) to act as a helpline for emerging entrepreneurs across India. The desk will be...
Trump administration argues judge can’t order return of man mistakenly deported to El Salvador
Salvadoran police officers escort alleged members of the Venezuelan gang Tren de Aragua recently deported by the U.S. government to be imprisoned in the Terrorism Confinement Center (CECOT) prison, as part of an agreement with the Salvadoran government, in Tecoluca,...
Economists take issue with Trump’s tariff formula, arguing rate is inflated
The formula at the core of President Donald Trump's tariff announcement that continues to rattle markets is bewildering economists, who say it is based on flawed assumptions.Economists argue that Trump's formula relies on a flawed, underestimation of a key metric,...
Protesters tee off against Trump and Musk in “Hands Off!” rallies across the U.S.
Opponents of President Donald Trump and billionaire Elon Musk rallied across the U.S. on Saturday to protest the administration's actions on government downsizing, the economy, human rights and other issues.More than 1,200 "Hands Off!" demonstrations were planned by...
Trump tariffs live updates: Global trade reacts
Trump claims China has been "hit much harder" in tariff warU.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025.Leah Millis | ReutersPresident Donald Trump on Saturday claimed that China...
Congress has power, but question of will
President Donald J Trump addresses a joint session of Congress as Vice President JD Vance and Speaker of the House Mike Johnson (R-LA) listen in the Capitol building's House chamber on Tuesday, March 04, 2025 in Washington, DC. Jabin Botsford | The Washington Post |...
India’s financial system has become more resilient, diverse: SEBI, ET BFSI
New Delhi, India's financial system has become more resilient and diverse, driven by rapid economic growth, and regulatory framework in securities markets has been enhanced in line with international practice to manage and prevent emerging risks, the Securities and...
U.S. Senate Republicans pass measure to move forward on Trump’s tax cuts
The U.S. Capitol building viewed through the bars of standard barricades in Washington, U.S., April 4, 2025. Leah Millis | ReutersThe U.S. Senate approved a Republican budget blueprint early on Saturday that aims to extend trillions of dollars worth of President...
NABARD extends Rs 5,830 cr assistance to Jharkhand in FY25 to augment rural infra, ET BFSI
Under the Rural Infrastructure Development Fund (RIDF), NABARD extended Rs 1,988 crore to the state government for critical infrastructure projects.The National Bank for Agriculture and Rural Development (NABARD) on Friday said it has extended record assistance of Rs...
RBI proposes regulations on export, import transactions, ET BFSI
The Reserve Bank on Friday came out with revised draft regulations that cover export and import transactions under FEMA with an aim to promote ease of doing business. As per the revised draft, if the export proceeds of an exporter remain unrealised for a period beyond...
Trump clemency recipient Jonathan Braun arrested, jailed
The seal of the US Department of Justice in Washington, DC on March 21, 2024. Mandel Ngan | Afp | Getty ImagesA New York federal judge on Friday ordered the jailing of convicted drug dealer and predatory lender Jonathan Braun, whose 10-year prison sentence was...
China says market has spoken after Trump tariffs spark stocks rout
A man checks his phone next to an electronic board showing stocks on the Heng Seng Index in Hong Kong on April 3, 2025.Peter Parks | Afp | Getty ImagesChina's Foreign Ministry on Saturday said "the market has spoken" following the U.S. imposition of sweeping new...
RBI rolls out verified WhatApp channel for public awareness, ET BFSI
The Reserve Bank of India (RBI) on Friday announced a launch of its verified WhatsApp channel under the ongoing public awareness initiative, ‘RBI Kehta Hai’.Source: RBIAiming important financial information more accessible to citizens, especially in remote areas,...
RBI proposes regulations on export, import transactions, BFSI News, ET BFSI
The Reserve Bank on Friday came out with revised draft regulations that cover export and import transactions under FEMA with an aim to promote ease of doing business. As per the revised draft, if the export proceeds of an exporter remain unrealised for a period beyond...
India’s business correspondent sector to cross Rs 147 billion in FY25, ET BFSI
New Delhi, Driven by rising rural banking demand, government-led financial inclusion schemes, and digital innovation, India's business correspondent sector was set to surpass Rs 147 billion in FY25, a report showed on Friday.The sector is experiencing a remarkable...
RBI to issue Rs 10, Rs 500 notes bearing signature of Guv Malhotra, ET BFSI
Mumbai: The Reserve Bank of India on Friday said it will shortly issue Rs 10 and Rs 500 denomination banknotes in Mahatma Gandhi (New) Series, bearing the signature of Governor Sanjay Malhotra. The design of these notes is similar in all respects to Rs 10 and Rs 500...
China punches back, sending U.S. markets tumbling
China tariffs slap back at Trump's planChina's President Xi Jinping attends the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California, U.S. November 17, 2023. Carlos Barria | ReutersChina's finance ministry on Friday said it will impose a...
Signal use eyed in Pentagon probe of Defense chief Hegseth
U.S. Defense Secretary Pete Hegseth looks on, as President Donald Trump (not pictured) delivers remarks, in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. Carlos Barria | ReutersThe Pentagon's internal watchdog opened an investigation...
Trump tariffs are ‘pure madness,’ former Italian PM says
Former Prime Minister Enrico Letta, speaks during ICAM in April 2025.Europa Press News | Europa Press | Getty ImagesU.S. President Donald Trump's so-called 'Liberation Day' trade tariffs are "madness, pure madness", according to former Italian Prime Minister and Dean...
Goldman Sachs cuts FY26 growth forecast to 6.1%, expects 100 bps rate cut, ET BFSI
India’s real GDP growth forecast for FY26 is seen trickling down to 6.1 per cent, citing the economic drag from steep US tariff hikes announced by President Donald Trump, as per Goldman Sachs. The move comes as part of a broader protectionist trade policy under...
Trump lifts sanctions on Putin ally’s wife Karina Rotenberg
Russian billionaire , businessman Boris Rotenberg (L) listens to his wife Karina Rotenberg (R) during the awarding ceremony at the 2017 Formula 1 Russian Grand Prix in Sochi , Russia, April, 30, 2017. Mikhail Svetlov | Getty Images News | Getty ImagesThe Trump...
What the president says he wants to accomplish
President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden on April 2, 2025.Saul Loeb | Afp | Getty ImagesPresident Donald Trump has cited a host of reasons to impose steep new tariffs on...
India lenders propose RBI switch to overnight liquidity management, new benchmark, ET BFSI
MUMBAI - Indian lenders have suggested that the central bank move to an overnight liquidity infusion instrument from a longer duration tool and adopt a new benchmark for overnight rates, five sources aware of the matter said on Friday."The 14-day repo has outlived its...
South Korea upholds impeachment of President Yoon, ousting him from office
South Korea’s impeached President Yoon Suk Yeol arrives for his impeachment trial at the Constitutional Court in Seoul, South Korea, on Jan. Kim Hong-ji | ReutersSouth Korea's Constitutional Court Friday upheld the impeachment of President Yoon Suk Yeol, ousting him...
Eric Adams announces he will run as independent in New York mayoral race
New York City Mayor Eric Adams holds a press briefing after former Governor Andrew Cuomo enters the mayoral race on March 03, 2025 in New York United States.Selcuk Acar | Anadolu | Getty ImagesNew York City Mayor Eric Adams will run for reelection as an independent,...
Trump tariffs live updates: Stock market tumbles
Trump declares victory with new tariffs: 'THE PATIENT LIVED'Trump quickly declared his "reciprocal" tariff rollout a success."THE OPERATION IS OVER!" Trump wrote in an all-caps Truth Social post. "THE PATIENT LIVED, AND IS HEALING. THE PROGNOSIS IS THAT THE PATIENT...
RBI may need to roll over net short positions to keep liquidity, ET BFSI
The Reserve Bank of India's net short positions in the forward book reached a record high of $78.6 billion in February, with the majority of the positions-$45 billion-in the three-month to one year category. These positions may have to be rolled over and more could be...
Trump’s list of countries facing reciprocal tariffs
U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025.Leah Millis | ReutersPresident Donald Trump on Wednesday laid out the U.S. "reciprocal tariff" rates that more than 180 countries and...
Around 50% of Mudra accounts belong to SC, ST and OBCs; boosting financial independence: SBI Report, ET BFSI
The Pradhan Mantri Mudra Yojana (PMMY) is boosting financial independence among marginalized groups as nearly 50 per cent of the 52 crore PMMY accounts belong to individuals from Scheduled Castes (SC), Scheduled Tribes (ST), and Other Backward Classes (OBC), says a...
Finance Ministry’s Pankaj Chaudhary reacts to Trump tariffs, ET BFSI
Minister of State for Finance Pankaj Chaudhary on Thursday reacted to United States' President Donald Trump announcing 26% tariffs on India, saying the country is assessing tariff hike imposed by the US and its impact on the country. "For (Donald) Trump, it's America...
UK escapes worst of Trump’s tariff wrath but says levies are ‘threat’
US President Donald Trump inspects a Guard of Honour at Buckingham Palace on June 3, 2019 in London, England.Toby Melville | Getty ImagesU.K. Business Secretary Jonathan Reynolds said the country faces a "threat" to its open economy from any global fallout from...
What’s behind the enormous pop in shares of media meme stock Newsmax
Conservative news channel Newsmax raised $75 million Monday by offering 7.5 million shares at $10. This was not technically an IPO, it was a Regulation A offering. Reg A+, as it is called, was established in 2015 under the JOBS Act. It allows small companies to raise...
Trump said Elon Musk to leave DOGE in coming months
Elon Musk speaks during the first cabinet meeting hosted by U.S. President Donald Trump, at the White House in Washington, DC, U.S., February 26, 2025. Brian Snyder | ReutersPresident Donald Trump told Cabinet members last week that billionaire Elon Musk will leave...
Trump Media shares drop after warning the president’s trust and other insiders could sell stock
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesTrump Media's stock tumbled on Wednesday after the company disclosed in a securities filing the possibility of significant stock sales, including by insider shareholders such as the president's trust.The parent...
Judge dismisses criminal case against New York Mayor Eric Adams
New York City Mayor Eric Adams leaves the United States District Court for the Southern District of New York, U.S., February 19, 2025. Brendan Mcdermid | ReutersA federal judge on Wednesday dismissed the criminal corruption case against New York City Mayor Eric...
Trump tariffs: live updates
New tariffs will take effect 'immediately' White House Press Secretary Karoline Leavitt holds a press briefing, as headlines from articles on U.S. President Donald Trump's tariffs are displayed, at the White House in Washington, D.C., U.S April 1, 2025. Carlos Barria...
Addl Secy, MeitY, ET BFSI
Source: LinkedIn (BIS)Amid the evolution of technology – in the era of LLMs and Generative AI – in almost every sectors, the most important question is, “How to build the trust?” asserted Abhishek Singh, Additional Secretary, Ministry of Electronics and Information...
PFRDA appoints Sivasubramanian Ramann as Chairperson for five years, ET BFSI
Sivasubramanian Ramann India's apex pension regulator, the Pension Fund Regulatory and Development Authority of India (PFRDA) has appointed Sivasubramanian Ramann as its Chairperson for a five-year tenure. Currently serving as Deputy Comptroller & Auditor General...
Poonam Gupta appointed as RBI Deputy Governor, BFSI News, ET BFSI
The Appointments Committee of Cabinet has announced the appointment of Poonam Gupta as the RBI Deputy Governor. The Government of India has approved the appointment of Poonam Gupta, who is the Director General of the National Council of Applied Economic Research in...
RBI says 98.21 pc of Rs 2000 banknotes returned, BFSI News, ET BFSI
The Reserve Bank on Tuesday said 98.21 per cent of the Rs 2000 banknotes have been returned to the banking system, and only Rs 6,366 crore worth of such notes are still with the public. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs...
Banks must prioritize customer service—Not just as a duty, but as a necessity, ET BFSI
The rising dissatisfaction among banking customers is evident in the soaring number of complaints under RBI's Integrated Ombudsman Scheme, which grew at a compound annual growth rate (CAGR) of nearly 50% over the past two years, reaching 9.34 lakh complaints in...
India’s rural lending landscape sees key transformation, structured loan schemes rise, ET BFSI
New Delhi, Driven by rapid digitisation, rise of fintech and increased government support, the rural lending landscape in India is undergoing a significant transformation, creating new opportunities for structured and efficient lending models and ensuring that credit...
PMMY an effective tool for women empowerment at grassroots level: SBI report, ET BFSI
New Delhi, Increasing women participation in the Pradhan Mantri Mudra Yojana (PMMY) - 68 per cent of 52 crore account holders are women - has led to better financial situation of women borrowers in the last 10 years, a report showed on Wednesday.In the last nine...
China conducts live fire drills near Taiwan in East China Sea
A Taiwanese military corvette sails as a Navy soldier stands guard on a vessel, during a Navy Drill for Preparedness Enhancement ahead of the Chinese New Year, amid escalating Chinese threats to the island, in Keelung, Taiwan, 7 Jan, 2022. Ceng Shou Yi | Nurphoto |...
Indian central bank’s surprise bond buy plan to improve cash condition, ET BFSI
By Dharamraj Dhutia MUMBAI, - The Reserve Bank of India's (RBI) unexpected move to buy 800 billion rupees ($9.34 billion) of bonds this month is expected to lift the banking system's liquidity further, giving the market more certainty around cash conditions. The...
Trump’s upcoming tariffs ‘will be effective immediately,’ White House says
U.S. President Donald Trump delivers remarks in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. Carlos Barria | ReutersPresident Donald Trump's forthcoming tariffs will take effect right after they are unveiled on Wednesday, the White...
DOJ to seek death penalty for Luigi Mangione in CEO murder case
Luigi Mangione, accused killer of US insurance CEO Brian Thompson, sits in Manhattan Supreme Court as he attends a hearing in New York City on Feb. 21, 2025.Steven Hirsch | AFP | Getty ImagesAttorney General Pam Bondi on Tuesday said she had ordered federal...
Layoffs begin at U.S. health agencies
Employees across the massive U.S. Department of Health and Human Services began receiving notices of dismissal on Tuesday in a major overhaul expected to ultimately lay off up to 10,000 people. The notices come just days after President Donald Trump moved to strip...
RBI cash injections help wipe out worst-ever India cash crunch, ET BFSI
Indian banking liquidity turned to surplus for the first time in more than three months as aggressive fund injections by the central bank helped erase one of the worst-ever cash crunches in the financial system.The surplus, measured through banks deploying excess...
ANZ Group, BFSI News, ET BFSI
New Delhi [India], April 1 (ANI): The Reserve Bank of India (RBI) could extend its rate-cut cycle beyond August 2025 if economic growth weakens, according to a report by ANZ Group.The report predicts that the central bank will implement three additional rate cuts of...
India central bank will work with government for ‘Goldilocks conditions’, says chief, ET BFSI
MUMBAI - India adopted the flexible inflation targeting framework (FIT) in 2016, which mandates the Reserve Bank of India to guide inflation towards a target of 4%, keeping it within a +/- 2% range on either side.The inflation target, to be revised once every five...
Nirmala Sitharaman highlights India’s forex strength to counter Opposition’s doubts, ET BFSI
Union Finance Minister Nirmala Sitharaman on Tuesday defended the position of India's foreign exchange (forex) reserves and their role in managing the current account deficit."On the foreign exchange reserve and how our current account deficit is being managed and a...
RBI played key role in making India global leader in digital payments: Prez Murmu, ET BFSI
Mumbai, President Droupadi Murmu on Tuesday lauded the Reserve Bank for its key role in making India a global leader in digital payments with innovations like UPI revolutionising financial access.Addressing the closing ceremony of the commemoration of the RBI's 90th...
‘Dirty 15’ countries targeted for ‘reciprocal’ duties
U.S. President Donald Trump announces that his administration has reached a deal with elite law firm Skadden, Arps, Slate, Meagher & Flom during a swearing-in ceremony in the Oval Office at the White House on March 28, 2025 in Washington, DC. Andrew Harnik | Getty...
FBI searches homes of Indiana University professor
Pedestrians on the campus of Indiana University Bloomington in Bloomington, Indiana, US, on Sunday, April 7, 2024. Chet Strange | Bloomberg | Getty ImagesVideo grabs of FBI raid at the home of Luddy School of Informatics, Computing, and Engineering Associate Dean for...
Trump tariffs will ‘start with all countries’ on April 2
US President Donald Trump speaks to the press aboard Air Force One before arriving at Palm Beach International Airport in West Palm Beach, Florida, on March 28, 2025. Brendan Smialowski | AFP | Getty ImagesPresident Donald Trump said that his "reciprocal tariffs" plan...
The battle fori Greenland intensifies as Denmark’s PM visits island
Protesters gather in front of the U.S. consulate during a demonstration, under the slogan, "Greenland belongs to the Greenlandic people", in Nuuk, Greenland, March 15, 2025.Christian Klindt Soelbeck | Via ReutersThe battle over Greenland is set to intensify this week...
reciprocal tariffs will target all countries
U.S. President Donald Trump walks towards Marine One on the South Lawn of the White House on March 28, 2025 in Washington, DC. Andrew Harnik | Getty ImagesU.S. President Donald Trump said on Sunday that reciprocal tariffs he is set to announce this week will include...
Trump’s promised ‘Liberation Day’ of tariffs is coming. Here’s what it could mean for you
Jeep vehicles are shown for sale at a dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | ReutersPresident Donald Trump says Wednesday will be "Liberation Day" — a moment when he plans to roll out a set of tariffs that he promises will free the United...
RBI allowing banks to charge for ATM withdrawals ‘institutionalised extraction,’ alleges Tamil Nadu CM MK Stalin, ET BFSI
NEW DELHI: Tamil Nadu's chief minister M K Stalin criticised the Reserve Bank of India's recent decision on Sunday regarding additional charges for ATM withdrawals exceeding monthly limits. He contends that this policy will encourage people to withdraw larger sums...
S&P Global Ratings, ET BFSI
Tightening regulations and stricter underwriting standards in Indian microfinance will rein in growth plans for sector lenders and defuse risk build-up for overleveraged borrowers, said S&P Global Ratings.Credit analyst at S&P Global Ratings, Shinoy Varghese,...
South Korea, China, Japan to promote regional trade as tariffs loom
TOPSHOT - South Korea's Trade, Industry and Energy Minister Ahn Duk-geun (C) poses for a photo with Japan's Economy, Trade and Industry Minister Yoji Muto (L) and China's Commerce Minister Wang Wentao (R) during the 13th Trilateral Economic and Trade Ministers'...
Hegseth says US command in Japan being upgraded to deter China
MANILA, PHILIPPINES - MARCH 28: U.S. Defense Secretary Pete Hegseth (L), with Chief of Staff of the Armed Forces of the Philippines General Romeo Brawner Jr., inspect honor guards during his visit at Camp Aguinaldo on March 28, 2025 in Quezon city, Metro Manila,...
CK Hutchison won’t sign deal to sell Panama ports to BlackRock-led group
The MSC Regulus container ship, operated by Mediterranean Shipping Co. (MSC), left, the Monte Verde container ship, operated by Hamburg Sud, centre, and the OOCL Germany container ship, operated by Orient Overseas Container Line Ltd., docked at the Port of Felixstowe...
Trump administration warns European companies to comply with anti-DEI order
U.S. President Donald Trump gestures, before boarding Air Force One as he departs for Florida, at Joint Base Andrews, Maryland, U.S., March 28, 2025. Kevin Lamarque | ReutersThe Trump administration is broadening its anti-DEI campaign to European companies.Government...
JD Vance accuses Denmark of failing to keep Greenland secure
PITUFFIK, GREENLAND - MARCH 28: US Vice President JD Vance speaks at the US military's Pituffik Space Base on March 28, 2025 in Pituffik, Greenland. The itinerary for the visit was scaled back after a plan for a more extensive trip drew criticism from officials in...
Trump commutes Ozy Media founder Carlos Watson sentence
Carlos Watson, co-founder of Ozy Media, speaks with press after his sentencing hearing at Brooklyn Federal Court on December 16, 2024 in New York City. Michael M. Santiago | Getty ImagesPresident Donald Trump commuted the criminal fraud sentence of Ozy Media founder...
Trump pardons three co-founders of BitMEX crypto exchange
Arthur Hayes, chief executive officer of BitMEX, speaks during the Consensus: Invest event in New York, U.S., on Tuesday, Nov. 28, 2017. Michael Nagle | Bloomberg | Getty ImagesPresident Donald Trump has granted pardons to three co-founders of the BitMEX...
Trump sued by law firms targeted in executive orders
Signage is seen outside of the law firm WilmerHale in Washington, D.C., U.S., August 30, 2020. Andrew Kelly | ReutersTwo more law firms sued the Trump administration on Friday over executive orders by President Donald Trump targeting them for employing attorneys who...
Trump says Skadden, Arps law firm will provide $100 million in pro bono legal services, avoiding executive order
FILE PHOTO: Signage is seen outside of the law firm Skadden, Arps, Slate, Meagher & Flom LLP in Washington, D.C., U.S., August 30, 2020. Andrew Kelly | ReutersPresident Donald Trump said Friday that the large law firm Skadden, Arps, Slate, Meagher & Flom has...
Hillary Clinton blasts Trump, officials over Signal text leak
Hillary Clinton speaks on the first night of the Democratic National Convention at the United Center in Chicago, Ill., on Monday, August 19, 2024. Tom Williams | Cq-roll Call, Inc. | Getty ImagesHillary Clinton on Friday excoriated President Donald Trump and his...
Greenland forms new government hours before visit by US Vice President Vance
(L-R) Greenland politician Aqqalu Jerimiassen, Jens-Frederik Nielsen the leader of the Demokraatit party, the Prime Minister of Greenland Múte Bourup Egede and Vivian Motzfeldt of the Siumut party attend the announcement of a coalition agreement to form the next...
Nikola founder Trevor Milton says Trump pardoned him
Trevor Milton, founder of Nikola Corp., arrives at court in New York, on Monday, Sept. 12, 2022.Victor J. Blue | Bloomberg | Getty ImagesNikola Corp. founder Trevor Milton said Thursday that he had been granted a full pardon by President Donald Trump for his October...
RBI to hike ATM transaction fee from Rs 21 to Rs 23 starting May 2025, ET BFSI
The Reserve Bank of India announced on Friday that starting May 1, 2025, customers will be charged a fee of Rs 23 per transaction for ATM banking services. Earlier the amount was set at Rs 21 per transaction.Customers will continue to be entitled to five free...
RBI mandates banks to conduct special clearing operations on Monday, ET BFSI
Mumbai, The RBI on Friday asked all banks to mandatorily participate in the special clearing operations on March 31 to facilitate accounting of all government transactions for 2024-25. India follows the April 1-March 31 financial year. The Income tax offices as well...
Tesla arson leads to charges against Las Vegas man
Investigators look over the scene at a Tesla Collision Center after an individual used incendiary devices to set several vehicles on fire on March 18, 2025 in Las Vegas, Nevada. Ethan Miller | Getty ImagesA Las Vegas man has been arrested on charges related to the...
Putin says it would be a mistake to dismiss Trump’s push for Greenland
In this pool photograph distributed by the Russian state agency Sputnik, Russia's President Vladimir Putin attends a video-linked ceremony to launch the Project 885M Yasen-M nuclear-powered submarine Perm, in the Arctic Circle port city of Murmansk on March 27,...
How RBI is managing liquidity amid pressure from banks?, BFSI News, ET BFSI
How RBI is managing liquidity amid pressure from banks?The Reserve Bank of India (RBI) has been actively addressing a persistent liquidity crunch in the banking system, which has strained credit availability and pushed short-term interest rates higher. Over the past...
DoT, NABARD ink pact to digitally transform rural areas using BharatNet broadband, ET BFSI
NEW DELHI: The Digital Bharat Nidhi (DBN), under the Department of Telecommunications (DoT), has signed a memorandum of understanding (MoU) with the National Bank for Agriculture and Rural Development (NABARD) to digitally transform rural areas across the country...
SEC votes to stop defending climate disclosure rules
The U.S. Securities and Exchange Commission (SEC) headquarters in Washington, D.C., U.S. on March 5, 2025.Leslie Josephs | CNBCWall Street's top regulator said on Thursday it had voted to cease legal efforts to defend regulations that require companies to disclose...
Trump withdraws Elise Stefanik nomination for U.N. ambassador
US Representative Elise Stefanik, Republican from New York, testifies before the Senate Foreign Relations Committee on her nomination to be Ambassador to the United Nations, on Capitol Hill in Washington, DC, January 21, 2025. Saul Loeb | Afp | Getty ImagesPresident...
Trump auto tariffs will likely drive up car prices
Chevrolet Silverado trucks at a Chevrolet dealership in Vallejo, California, US, on Monday, March 3, 2025. Bloomberg | Bloomberg | Getty ImagesPresident Donald Trump's steep new tariffs on imported cars will likely jack up prices for U.S. buyers of both foreign and...
Russia hit Ukraine’s power infrastructure, US should react
Ukraine's President Volodymyr Zelenskyy reacts as he delivers a press conference at the headquarters of French national public television broadcaster "France Televisions" in Paris, on March 27, 2025. Julien De Rosa | Afp | Getty ImagesPresident Volodymyr Zelenskiy...
Kotak CEO reveals a lot on RBI cuts, deposit wars and banking’s next big moves, ET BFSI
The Reserve Bank of India (RBI) is expected to announce another rate cut in April, and its impact on bank fixed deposit (FD) rates remains a key question. Ashok Vaswani, Managing Director and CEO of Kotak Mahindra Bank, in a interview to ToI said he believes that...
RBI should include infrastructure loans in Priority Sector Lending category: SBI Report, ET BFSI
New Delhi [India], March 26 (ANI): The Reserve Bank of India (RBI) should include loans given to infrastructure projects--such as roads, ports, railways, airports, highways, and the energy sector--under priority sector lending (PSL) or exempt them from the calculation...
MSME is not a sector, need a very differentiative approach: MSME Secretary, ET BFSI
Subhash Chandra Lal Das, Secretary of the MSME ministrySubhash Chandra Lal Das, Secretary of the MSME ministry said that the micro, small and medium enterprises (MSMEs) is a nomenclature, and not a sector. “It is a particular kind of entity, and we need a very...
RBI should include infrastructure loans in Priority Sector Lending category: SBI Report, ET BFSI
RBI should include infrastructure loans in Priority Sector Lending category: SBI ReportNew Delhi [India], March 26 (ANI): The Reserve Bank of India (RBI) should include loans given to infrastructure projects--such as roads, ports, railways, airports, highways, and the...
Rama Rao thanks FM Sitharaman for taking up Telangana farmers’ cause, ET BFSI
Hyderabad, Bharat Rashtra Samithi (BRS) Working President, K.T. Rama Rao, on Thursday thanked Finance Minister Nirmala Sitharaman for highlighting the plight of farmers in Telangana over the loan waiver scheme."While I may have many issues with madam FM Nirmala...
RBI looks to double investment limit for foreign individuals, says report, ET BFSI
The Reserve Bank of India (RBI) plans to raise the investment limit for individual foreign investors in listed companies to 10% from 5%, aiming to enhance capital inflows, according to senior government officials and documents seen by Reuters.Foreign portfolio...
Growth-friendly RBI chief Sanjay Malhotra raises rate cut hopes, ET BFSI
Reserve Bank of India Governor Sanjay Malhotra has marked his first 100 days in office with a growth-friendly approach to monetary policy, suggesting he’ll be willing to cut interest rates further and keep liquidity flush as the economy braces for trade turmoil.Since...
Trump to announce new auto tariffs Wednesday
U.S. President Donald Trump holds paperwork he signed during an Ambassador Meeting in the Cabinet Room of the White House on March 25, 2025 in Washington, DC. Win McNamee | Getty ImagesPresident Donald Trump will announce new tariffs on auto imports Wednesday, the...
RBI’s monetary policy committee meeting schedule for FY26, ET BFSI
The Reserve Bank of India (RBI) is scheduled to meet six times during financial year 2025-26 for the Monetary Policy Committee (MPC) meetings for the financial year 2025-26 (FY26). The MPC, responsible for setting the country's benchmark interest rates, will meet six...
Where will the money go?
New army recruits of the Bundeswehr, Germany's armed forces, during basic training on Nov. 29, 2022 near Prenzlau, Germany.Sean Gallup | Getty ImagesAs Europe plans to pour billions of dollars into defense, many regional leaders are pushing for the money to be spent...
EU says Russia withdrawal from Ukraine is condition to lift sanctions
The withdrawal of all Russian forces from Ukraine would be one of the main conditions to lift or amend EU sanctions, a European Commission spokesperson said on Wednesday.European Union countries renewed the bloc's two sanctions frameworks on Russia for another six...
NITI Aayog CEO, ET BFSI
BVR Subrahmanyam was speaking at a launch event organized by the Confederation of Indian Industry (CII) in New Delhi.BVR Subrahmanyam, CEO, NITI Aayog on Wednesday said that everybody pay lip service to MSMEs, and that it is are most affected by regulations. “I am...
Atlantic publishes Signal thread with Trump VP Vance, Hegseth, Waltz
(L-R) US National Security Advisor Mike Waltz speaks with Defense Secretary Pete Hegseth as US President Donald Trump meets with French President Emmanuel Macron in the Oval Office of the White House in Washington, DC, on February 24, 2025. Ludovic Marin | Afp | Getty...
RBI MPC meeting schedule for FY26 released; first meet set for April 7-9, ET BFSI
The Reserve Bank of India (RBI) on Wednesday announced the Monetary Policy Committee (MPC) meeting schedule for the next fiscal year, starting April 2025. The rate-setting panel is set to have six meetings, with the first one scheduled for April 7-9, 2025. The last...
Opposition accuse govt of writing off loans of wilful defaulters, burdening banks with NPAs, ET BFSI
New Delhi, Opposition members in Rajya Sabha on Wednesday accused the government of writing off crores of rupees owed by wilful defaulters who have fled the country while crushing banks under the burden of non-performing assets. Participating in the discussion on the...
Payments industry body urges PM Modi to introduce MDR on UPI for large merchants & RuPay debit cards, ET BFSI
The Payments Council of India (PCI) which represents digital payments companies has written to Prime Minister Narendra Modi, seeking the introduction of merchant discount rate (MDR) on UPI transactions and RuPay debit cards. The industry body has sought an MDR of 0.3%...
India discontinues parts of gold deposit scheme amid rising prices, ET BFSI
- India has discontinued parts of a scheme that encouraged households and institutions to deposit idle gold in exchange for interest payments. The gold monetisation scheme, introduced in 2015, included gold deposits for 1-to-3 years, 5-to-7 years and 12-to-15...
RBI Guv Malhotra, ET BFSI
RBI Governor Sanjay MalhotraThe Reserve Bank of India (RBI) Governor Sanjay Malhotra has cautioned policymakers against excessive regulatory measures that could hinder legitimate investments and business activities. Speaking at the Private Sector Collaborator Forum...
Revised RBI’s priority sector lending norms to further boost economy: SBI report, ET BFSI
New Delhi, The recent amendments in priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) should further help the economy grow faster and fine tune the building blocks of the factors of productions, mainly the MSMEs, agri and allied sectors,...
RBI to continue with rate cuts as growth faces potential headwinds, inflation dipping: Report, ET BFSI
New Delhi [India], March 26 (ANI): The Reserve Bank of India (RBI) is expected to continue reducing the repo rate as economic growth faces potential headwinds and inflation is likely to fall in the central bank's target range, according to a report by HDFC Mutual...
Russia, Ukraine agree to truce at sea and ban on energy attacks
This photo taken on March 24, 2025 shows the hotel where U.S. and Russian delegations begin a new round of talks in Riyadh, Saudi Arabia. U.S. and Russian delegations began a new round of talks in Saudi Arabia on Monday, eyeing a Ukraine settlement and Black Sea...
Trump defends national security chief Waltz after Signal texts about Houthi strike sent to reporter
US President Donald Trump speaks to the press as he meets with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC, on March 13, 2025 as, seated from L to R, Vice Presient JD Vance, Defense Secretary Pete Hegseth and National...
Lok Sabha passes Finance Bill 2025 with 35 govt amendments, BFSI News, ET BFSI
New Delhi, The Lok Sabha on Tuesday passed the Finance Bill 2025, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements. With the passage of the Finance Bill 2025, the Lok Sabha completed its part of the...
India’s fin system resiliency has improved, BFSI News, ET BFSI
MUMBAI: India's financial system has become more robust and diverse since 2017, a five-yearly report that is is part of the Financial System Assessment Program conducted jointly by the IMF and the World Bank showed.The IMF recently released the latest India assessment...
Payments Council seeks PM Modi’s intervention to reconsider zero MDR policy for UPI and RuPay debit, ET BFSI
Payments Council seeks PM Modi’s intervention to reconsider zero MDR policy for UPI and RuPay debitThe Payments Council of India (PCI), representing 180 non-banking payment industry players, has urged Prime Minister Narendra Modi to reconsider the Zero Merchant...
Govt proposes to abolish Equalisation Levy on online advertisements, ET BFSI
The government on Monday proposed to abolish the Equalisation Levy or digital tax on online advertisements as part of the 59 amendments to the Finance Bill 2025, which is being debated in the Lok Sabha. The proposal to remove the Equalisation Levy on online...
Home loans up to Rs50L, BFSI News, ET BFSI
MUMBAI: RBI has revised priority sector lending norms, effective from April 1, to boost credit flow to key economic segments by increasing loan limits, expanding eligibility criteria, and raising targets.The new norms have higher home loan limits and increased...
Trump says tariffs on autos, pharmaceuticals coming in ‘near future’
U.S. President Donald Trump, U.S. Secretary of State Marco Rubio and Tesla CEO Elon Musk attend a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | ReutersPresident Donald Trump on Monday said he will soon announce tariffs...
Tesla task force launched by FBI
Burned Teslas are shown at a Tesla Collision Center after an individual used incendiary devices to set several vehicles on fire on March 18, 2025 in Las Vegas, Nevada.Ethan Miller | Getty ImagesThe FBI has launched a new task force to investigate attacks targeting...
Tesla showroom in Texas targeted with ‘incendiary devices’, police say
A Tesla Cybertruck is parked in front of a showroom on March 20, 2025 in Austin, Texas.Brandon Bell | Getty ImagesPolice said Monday that multiple "incendiary" devices had been placed at a Tesla showroom in Austin, Texas.The FBI was assisting Austin Police at the...
Interim SEC chief Mark Uyeda cast the sole vote against suing Musk
Mark Uyeda, a commissioner at the U.S. Securities and Exchange Commission, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 2, 2023. Mike Blake | ReutersDays before Republicans took the helm of the U.S. Securities and...
Concerns about espionage rise as Trump and Musk fire thousands of federal workers
A commuter near the Federal Aviation Administration (FAA) headquarters in Washington, DC, US, on Wednesday, March 12, 2025. Al Drago | Bloomberg | Getty ImagesAs President Donald Trump and billionaire Elon Musk work to overhaul the federal government, they're forcing...
Political and financial turmoil set to dominate Turkey, risking economic stabilization plans
Protesters clash with Turkish anti riot police as they use tear gas and water cannons during a demonstration following the arrest of Istanbul's mayor, in Ankara on March 21, 2025. Adem Altan | Afp | Getty ImagesMore than 1,100 people have been arrested in Turkey's...
Former Rep. Mia Love, first Black Republican woman elected to U.S. House, dies
Former U.S. Rep. Mia Love of Utah, a daughter of Haitian immigrants who became the first Black Republican woman elected to Congress, died Sunday.She was 49.Love's family posted news of her death on Love's X account.She had undergone recent treatment for brain cancer...
CRA to scrutinise claims of high returns by investment service providers, ET BFSI
New Delhi, Markets regulator Sebi has said that risk-return metrics of services offered by investment advisers, research analysts, and algo trading providers will be scrutinised by a credit rating agency, a move aimed at checking claims of high returns. Under the new...
P2P lending slows as RBI move clouds future of key players, BFSI News, ET BFSI
The peer-to-peer lending industry has slumped to a major slowdown with most of the large players in this space staring at an uncertain future, after the Reserve Bank of India came down heavily on the sector last year for not properly abiding by regulatory...
FIU lab that parses currency declaration forms, transactions to spot laundering, terror financing, ET BFSI
New Delhi, The Financial Intelligence Unit (FIU) has created a smart lab that mines data from currency declaration forms furnished by individuals landing in India. The lab also examines complex banking and financial data of an entity to study possible money laundering...
Finance Bill to come up for passage in LS, Banking Laws (Amendment) Bill in RS, ET BFSI
New Delhi, Both Houses of Parliament will resume the proceedings on Monday. In the Lok Sabha, Union Finance Minister Nirmala Sitharaman will move The Finance Bill, 2025 for consideration and passing, and in the Rajya Sabha, she will seek the passing of The Banking...
Judge slams Social Security chief for agency shutdown ‘threats’ after DOGE ruling
A sign for the U.S. Social Security Administration is seen outside its headquarters in Woodlawn, Md., on Thursday, March 20, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesA federal judge reprimanded Social Security Administration acting commissioner Lee Dudek...
Pro-Trump senator meets Chinese Premier Li with U.S. executives
Chinese Premier Li Qiang (R) greets Pfizer CEO Albert Bourla from a delegation led by US Senator Steve Daines before a meeting held in the Fujian Room at the Great Hall of the People in Beijing on March 23, 2025.Ng Han Guan | Afp | Getty ImagesU.S. Republican Senator...
Turkish court jails Istanbul mayor Imamoglu pending trial
University student wave Turkish national flags as they gather in protest in Besiktas district in Istanbul on March 20, 2025 following Istanbul metropolitan Mayor Ekrem Imamoglu's detention over a corruption probe. Ozan Kose | Afp | Getty ImagesA Turkish court jailed...
Trump’s Social Security chief backs down from ‘shutting down’ agency
A sign in front of the entrance of the Security Administration's main campus on March 19, 2025 in Woodlawn, Maryland. Kayla Bartkowski | Getty ImagesThe head of the U.S. Social Security Administration has backed down from "shutting down the agency" after a federal...
SEC to see exodus as hundreds take Trump’s buyout offers: Reuters
The U.S. Securities and Exchange Commission (SEC) headquarters in Washington, D.C., U.S. on March 5, 2025.Leslie Josephs | CNBCWall Street's top regulator is facing a staff exodus across key departments as hundreds have agreed to take resignation offers amid President...
RBI imposes penalty on Citibank, IDBI Bank, ET BFSI
The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 36.28 lakh on Citibank N.A. for contravention of the directions related to reporting of transactions undertaken under the Liberalised Remittance Scheme. In another release, it said penalty...
UAE commits to $1.4 trillion investment framework in US: White House
Abu Dhabi, United Arab EmiratesBojabo | Istock | Getty ImagesThe United Arab Emirates has committed to a 10-year, $1.4 trillion investment framework in the United States after top UAE officials met President Donald Trump this week, a White House official said on...
Trump says ‘there’ll be flexibility’ on reciprocal tariffs
U.S. President Donald Trump delivers remarks in the Oval Office at the White House, in Washington, D.C., U.S., March 21, 2025. Carlos Barria | ReutersPresident Donald Trump on Friday said there will be "flexibility" on his reciprocal tariff plan, even as he seemed to...
Musk group offers $100 to Wisconsin voters ahead of pivotal state Supreme Court election
People vote at a polling station in Allenton, Wisconsin, on Election Day, November 5, 2024. Alex Wroblewski | AFP | Getty ImagesA group funded by billionaire Elon Musk is offering Wisconsin voters $100 to sign a petition in opposition to "activist judges," a move that...
German upper house of parliament OKs debt reform, half-trillion fund
The Bundestag Federal Eagle symbol in the plenary hall of the Bundestag, Germany's parliament.Krisztian Bocsi | Bloomberg | Getty ImagesGermany's upper house of parliament on Friday passed a reform of the country's borrowing rules and a 500-billion-euro ($542 billion)...
SEBI proposes ESOP benefits for startup founders even after IPO, ET BFSI
Mumbai, The Securities and Exchange Board of India (SEBI) has proposed a change in rules that will allow startup founders to continue holding Employee Stock Option Plans (ESOPs) even after their company goes public.This move aims to provide relief to founders of...
Severe charges for arson against Musk’s Tesla
Burned Teslas are shown at a Tesla Collision Center after an individual used incendiary devices to set several vehicles on fire on March 18, 2025 in Las Vegas, Nevada. Ethan Miller | Getty ImagesAttorney General Pam Bondi on Thursday touted federal cases against...
RBI injects Rs 15.5 lakh crore to ease banking liquidity crunch, ET BFSI
The Reserve Bank of India (RBI) has infused Rs 15.5 lakh crore into the banking system over the past two months through a mix of durable and transient liquidity measures to address the ongoing liquidity deficit and support credit growth. Despite these interventions,...
Pentagon to brief Musk on top-secret plan for potential war with China, NYT reports
President Donald Trump and Elon Musk (R) speak before departing the White House on his way to his South Florida home in Mar-a-Lago in Florida on March 14, 2025. Roberto Schmidt | Afp | Getty ImagesBillionaire Elon Musk, U.S. President Donald Trump's close ally, is due...
European leaders push for even more defense spending
The European Union has plans to step up its defense spending in a big way — but some leaders want it to go even further as geopolitical tensions heighten.The European Commission, the executive arm of the EU, earlier this month proposed measures that could bring about...
Trump Commerce chief Lutnick urges Tesla stock buy
Elon Musk, chief executive officer of Tesla Inc., from left, Howard Lutnick, US commerce secretary, walk on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Friday, March 14, 2025.Al Drago | Bloomberg | Getty ImagesCommerce...
EU delays implementing first retaliatory tariffs on U.S. goods to middle of April
EU flags flutter in front of European Central Bank (ECB) headquarters in Frankfurt, Germany July 18, 2024. Jana Rodenbusch | ReutersThe European Union will delay implementing its first set of tariffs on goods from the U.S. until the middle of April to allow for...
Turkey faces protests, investor flight after opposition leader’s arrest
Turkish MPs, mayors, party members, members of different political parties, representatives of non-governmental organizations and citizens protest against the detention warrant of the Istanbul Metropolitan Municipality (IBB) Mayor Ekrem Imamoglu, Beylikduzu Mayor...
Fed to announce policy rates today. Here’s what to expect from FOMC meeting, ET BFSI
The US Federal Reserve’s rate setting committee is expected to retain the federal fund rate steady at 4.25%-4.5% following its two-day meeting which ends today (Wednesday, March 19).It is the Federal Open Market Committee’s (FOMC’s) second policy meeting this year and...
Advanced economies ahead of Gulf nations in remittance to India, Maha top recipient: RBI survey, ET BFSI
The sixth round of the survey on India’s remittances for 2023-24 highlighted a shift in the dynamics of India’s diaspora, with advanced economies emerging as dominant source countries over the Gulf Cooperation Council (GCC) nations, according to the RBI...
Term deposits grow faster than savings in Feb; incremental CD ratio rises to 88.2%: RBI, ET BFSI
Scheduled commercial banks (SCBs) saw term deposits grow at a faster pace than savings deposits in Q3 FY25, pushing the share of term deposits in total deposits to 62.1% by February 21, 2025, up from 60.3% a year ago, according to the RBI Bulletin. The rise was driven...
Federal reserve holds interest rates steady, signals two cuts this year amid economic uncertainty, ET BFSI
The federal reserve maintained its benchmark interest rate on Wednesday, keeping it unchanged for the second consecutive meeting, while signalling that it still expects to cut rates twice before the end of the year. However, officials acknowledged growing uncertainty...
Trump to sign order to shut down Department of Education, White House says
U.S. President Donald Trump signs an executive order in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | ReutersU.S. President Donald Trump will sign an executive order on Thursday that aims to shut down the Department of...
RBI announces appointment of Indranil Bhattacharyya as new ED, ET BFSI
On Thursday RBI announced the appointment of Indranil Bhattacharyya as the new Executive Director, effective from March 19, 2025. In his new role as Executive Director, Bhattacharyya will oversee the Department of Economic and Policy Research at the RBI. Before being...
Household savings flow to financial market could pose risks, says finance ministry, ET BFSI
New Delhi: The finance ministry informed the Parliament that a shift in household deposits from banks to market-linked financial products in search of higher returns may expose the households to significant market risks and that they may face financial losses during...
DOGE map of Musk world as Trump AG warns Tesla vandals
Zoom In IconArrows pointing outwardsA new online map is highlighting locations across the United States of Tesla owners, dealerships and Superchargers, along with purported addresses and phone numbers connected to members of the Trump administration's DOGE team, led...
FTC commissioner fired by Trump says her ouster should concern markets
One of the two Democratic commissioners at the Federal Trade Commission whom President Donald Trump abruptly fired Tuesday warned that her ouster could erode market stability."This isn't just about the FTC, and it's not about my job," former commissioner Rebecca Kelly...
Federal judge transfers Columbia student activist’s case to New Jersey
FILE PHOTO: Mahmoud Khalil speaks to members of media about the Revolt for Rafah encampment at Columbia University during the ongoing conflict between Israel and the Palestinian Islamist group Hamas in Gaza, in New York City, U.S., June 1, 2024. Jeenah Moon | ReutersA...
AI art cannot have copyright, appeals court rules
A picture titled "A Recent Entrance to Paradise," which computer scientist Stephen Thaler said he had created using his generative AI platform, the "Creativity Machine."Source: Wikipedia CCA federal appeals court ruled that art created autonomously by artificial...
Zelenskyy says he will talk to Trump as Russia, Ukraine report overnight strikes
Officials work at the site of destruction and fire after the Russian attack in Sumy, Ukraine on March 19, 2025. State Emergency Service of Ukraine | Anadolu | Getty ImagesUkrainian President Volodymyr Zelenskyy on Wednesday said he would hold talks with White House...
Rs 60,060 cr agriculture loan lying outstanding towards 27 lakh Haryana farmers: Minister, ET BFSI
Chandigarh, The Haryana Assembly was informed on Wednesday that the amount of agriculture loan lying outstanding towards more than 27 lakh farmers in the state stood at Rs 60,060 crore. Raising the matter during Question Hour in the state Assembly, Indian National Lok...
Cabinet approves extension of incentives for UPI transactions up to Rs 2,000 for small merchants, ET BFSI
The Union Cabinet on Wednesday approved extending Rs 1,500 crore incentive scheme for small digital transactions, a move aimed to minimise cost of various stakeholders involved in the UPI ecosystem.The scheme, which covers transactions up to Rs 2,000/- for small...
Roche abandons global diversity targets on concern over U.S. executive orders
Sheldon Cooper | Lightrocket | Getty ImagesSwiss drugmaker Roche has abandoned global targets for a more diverse workforce to avoid penalties from recent U.S. executive orders, the latest in a slew of companies to do so.Among measures taken, Roche said its Chief...
Turkish lira, stock market drop after Istanbul mayor and Erdogan rival arrested
Istanbul Municipality Mayor Ekrem İmamoğlu speaks at the 19 May Commemoration of Atatürk, Youth and Sports Day celebrations held at the Maltepe Event Area on May 19, 2023 on Istanbul, Turkey. Hakan Akgun | Getty ImagesThe Turkish lira fell to a record low against the...
Trump fires both Democratic commissioners at FTC
Federal Trade Commission Commissioners Rebecca Kelly Slaughter (L) and Alvaro Bedoya (R) sit behind FTC Chair Lina Khan as she testifies before the House Judiciary Committee in the Rayburn House Office Building on Capitol Hill on July 13, 2023 in Washington, DC.Chip...
Previously classified files related to JFK assassination released
U.S. President Donald Trump attends a board meeting for the Kennedy Center, in Washington, D.C., U.S., March 17, 2025. Carlos Barria | ReutersPreviously classified documents related to the 1963 assassination of President John F. Kennedy were released Tuesday...
RBI liquidity boost likely to ease deficit pressure amid March-end tax outflows, ET BFSI
The Reserve Bank of India’s (RBI) ongoing liquidity measures, including open market operations (OMOs), forex swaps, and variable rate repo (VRR) auctions, are expected to ease liquidity pressures in the banking system despite upcoming outflows from advance tax and GST...
Judge blocks Trump’s transgender military ban
US President Donald Trump speaks at the Department of Justice in Washington, DC, on March 14, 2025. Roberto Schmidt | AFP | Getty ImagesA federal judge on Tuesday temporarily blocked the U.S. military from enforcing President Donald Trump's executive order barring...
Trump demands impeachment for judge blocking deportations
James Boasberg, incoming chief judge of the US District Court, in Washington, DC, US, on Monday, March 13, 2023. Valerie Plesch | Bloomberg | Getty ImagesPresident Donald Trump called Tuesday for the impeachment of a federal judge who has issued orders blocking...
Trump and Putin call on Russia and Ukraine ceasefire plan
U.S. President Donald Trump and Russian President Vladimir Putin at a joint press conference after their summit on July 16, 2018, in Helsinki, Finland.Chris McGrath | Getty Images News | Getty ImagesU.S. President Donald Trump and Russian President Vladimir Putin are...
RBI, Bank of Mauritius sign MoU to promote use of local currencies, ET BFSI
RBI, Bank of Mauritius sign MoU to promote use of local currenciesThe Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) have signed an agreement to encourage the use of their local currencies, the Indian Rupee (INR) and the Mauritian Rupee (MUR), for...
German parliament to vote on fiscal package that could bring historic reforms
The Reichstag building in the early morning.Paul Zinken/dpa | Picture Alliance | Getty ImagesGermany's Bundestag is set to vote on a major fiscal package later on Tuesday, which includes changes to long-standing debt policies to enable higher defense spend and a 500...
Trump deportations questioned by federal judge
U.S. President Donald Trump speaks to the media during a guided tour of the John F. Kennedy Center for the Performing Arts before leading a board meeting on March 17, 2025 in Washington, DC. Chip Somodevilla | Getty ImagesThe Department of Justice on Monday asked a...
Borrowers may get a 100 bps rate cut bonanza in current rate-cutting cycle, ET BFSI
India’s retail inflation dropped to a seven-month low of 3.61% in February, strengthening expectations of further rate cuts by the Reserve Bank of India (RBI) in 2025. UBS India projects a 50-basis-point cut in the repo rate during the ongoing monetary policy cycle,...
RBI Governor asks banks to prioritise customer service, AI-driven grievance redressal, ET BFSI
RBI Governor Sanjay MalhotraRBI Governor Sanjay Malhotra has urged banks and NBFCs to prioritise customer service and grievance redressal, highlighting the sharp rise in complaints escalating to the RBI Ombudsman. He also emphasised the role of artificial intelligence...
Trump nominates Republic Airways CEO Bryan Bedford as US FAA head
FILE PHOTO: Republic CEO Bryan Bedford speaks during a news conference, Tuesday, April 13, 2010, in Milwaukee.Morry Gash | APPresident Donald Trump is nominating Republic Airways CEO Bryan Bedford to head the Federal Aviation Administration in the face of growing...
RBI liquidity boost may lower lending rates sooner than expected, ET BFSI
Mumbai: Industry experts believe that short-term borrowings will likely cost less for mainstream Indian lenders as early as next month. Multiple-and simultaneous-central bank measures to boost systemic liquidity will help reduce the rates on instruments such as...
Trump revokes secret service protection for Biden’s children Hunter and Ashley
Hunter Biden, son of U.S. President Joe Biden, arrives at court for his trial on tax evasion in Los Angeles on Sept. 5, 2024.Ringo Chiu | AFP | Getty ImagesU.S. President Donald Trump on Monday revoked secret service protection for former president Joe Biden's...
RBI pumped liquidity, cut rates, but loans cost same, BFSI News, ET BFSI
MUMBAI: RBI has pumped in over Rs 5 lakh crore into the banking system since mid-Jan through bond purchases, forex swaps and early-April maturity repos. To ensure that liquidity remains surplus so that its rate cut can be transmitted to borrowers, the central bank...
Trump administration seeks delay in Nippon Steel case for merger talks, filing shows
A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024.Justin Merriman | Bloomberg | Getty ImagesThe Trump administration filed a motion to extend two deadlines in U.S. Steel and Nippon Steel's lawsuit against...
Oil rises as Trump says Iran will be held responsible for any future Houthi attacks
U.S. President Donald Trump looks on as military strikes are launched against Yemen's Iran-aligned Houthis over the group's attacks against Red Sea shipping, at an unspecified location in this handout image released March 15, 2025.White House | Via ReutersOil prices...
Trump economic aide Hassett predicts short-term tariff uncertainty
President Donald Trump's top economic aide on Monday warned of more economic uncertainty stemming from the United States' evolving tariff agenda."Absolutely, between now and April 2, there'll be some uncertainty," National Economic Council director Kevin Hassett said...
EIL, MECON, 4 others in fray for RBI’s currency management project, ET BFSI
State-owned Engineers India and MECON as well as four private entities are in the fray for the project to comprehensively revamp RBI's currency management infrastructure in order to cater to future cash needs of the country's fast growing economy. The four private...
PM Modi commends RBI’s digital innovation as it bags Central Banking award, ET BFSI
New Delhi [India], March 16 (ANI): Prime Minister Narendra Modi said digital innovation continues to strengthen India's financial ecosystem- empowering countless lives- as he commended the Reserve Bank of India for bagging the Digital Transformation Award 2025 from...
PM Modi hails RBI’s digital transformation award from Central Banking London, ET BFSI
"The Reserve Bank of India has been selected for the Digital Transformation Award 2025 by Central Banking, London, UK," the RBI announced.NEW DELHI: Prime Minister Narendra Modi on Sunday congratulated the Reserve Bank of India (RBI) for winning the 'Digital...
Trump says he will be speaking with Russia’s Putin on Tuesday
US President Donald Trump speaks to reporters aboard Air Force One while flying to Washington, DC, from Florida, on March 16, 2025, above Virginia.Brendan Smialowski | Afp | Getty ImagesU.S. President Donald Trump said he plans to speak to Russian President Vladimir...
Trump launches large-scale strikes on Yemen’s Houthis, at least 31 killed
A plume of smoke billows during a U.S. strike on Yemen's Houthi-held capital Sanaa early on March 16, 2025. Mohammed Huwais | Afp | Getty ImagesU.S. President Donald Trump launched large-scale military strikes against Yemen's Iran-aligned Houthis on Saturday over the...
Trump launches large-scale strikes on Yemen’s Houthis, at least 19 killed
Yemen's Houthi followers take part in a tribal parade held against the United States-led aerial attacks launched on sites in Yemen, and solidarity with Palestinians, on January 22, 2024, near Sana'a, Yemen. Mohammed Hamoud | Getty ImagesAt least 19 were killed as U.S....
A judge limits Trump’s ability to deport people under the 18th century Alien Enemies Act
U.S. Immigrations and Customs (ICE) Homeland Security Investigations (HSI) agents take part in the detaining of two documented immigrants with prior convictions at a Home Depot parking lot in Tucson, Arizona, U.S., January 26, 2025. Rebecca Noble | ReutersA federal...
Trump signs order to gut Voice of America, other agencies
In this June 15, 2020, file photo, the Voice of America building stands in Washington.Andrew Harnik | APPresident Donald Trump signed an executive order on Friday aimed at gutting the parent of U.S. government-funded media outlet Voice of America and six other federal...
China lashes out at G7 over statements on maritime security
Chinese national flags flutter on boats near shipping containers at the Yangshan Port outside Shanghai, China, February 7, 2025. Go Nakamura | ReutersChinese national flags flutter on boats near shipping containers at the Yangshan Port outside Shanghai, China,...
Trump administration weighs travel ban on dozens of countries, memo says
Close up of American visa label in passport. Alexander W Helin | Moment | Getty ImagesThe Trump administration is considering issuing sweeping travel restrictions for the citizens of dozens of countries as part of a new ban, according to sources familiar with the...
RBI, BFSI News, ET BFSI
Mumbai: RBI governor Sanjay Malhotra on Thursday urged banks to strengthen risk management frameworks to address credit risks associated with emerging green technologies, which have limited reliability and efficiency track records. "Regulated entities need to develop...
Elon Musk’s SpaceX, Tesla lobby on Trump tariffs
Tesla CEO Elon Musk watches as President Donald Trump talks to the media, outside the White House in Washington, D.C., March 11, 2025.Kevin Lamarque | ReutersTwo companies led by billionaire DOGE chief Elon Musk — SpaceX and Tesla — have submitted letters lobbying the...
RBI fines JM Financial Products Ltd, Experian Credit Information Company, ET BFSI
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 3.10 lakh on JM Financial Products Limited over non-compliance.The penalty was imposed for not complying with certain provisions of the 'Master Direction - Non-Banking Financial Company -...
Trump rebuked by Canada PM Mark Carney on joining U.S.
Canada's new Prime Minister Mark Carney, with members of his government standing behind him, speaks during a press conference following a swearing-in ceremony of the new Canada's government in Ottawa, Ontario, Canada, March 14, 2025.Blair Gable | ReutersCanada's new...
Trump nominee Dr. Oz won’t commit to opposing Medicaid cuts
Dr. Mehmet Oz, President Donald Trump's pick to lead the agency in charge of massive government-run health insurance programs, on Friday declined to commit to opposing future cuts to Medicaid when directly asked if he would do so.Instead, the nominee for administrator...
The future of U.S.-Canada trade after tariff escalation
President Donald Trump signed several executive orders at the start of his second term that lay out a blanket 25% tariff on Canadian goods imported into the United States, with some exceptions such as energy. Canadian energy will carry a lower tariff of 10%. The bulk...
Mark Carney sworn in as Canadian prime minister, now must face Trump
Mark Carney arrives before being sworn-in as Canada's 24th prime minister, at Rideau Hall in Ottawa, Ontario, Canada, March 14, 2025. Patrick Doyle | ReutersEx-central banker Mark Carney was formally sworn in as prime minister of Canada on Friday, putting him in a...
More than 50 universities face federal investigations as part of Trump’s anti-DEI campaign
Linda McMahon, President Donald Trump’s nominee to be Secretary of Education, testifies during her Senate Health, Education, Labor and Pensions Committee confirmation hearing in the Dirksen Senate Office Building on February 13, 2025 in Washington, DC. Win Mcnamee |...
German parties agree on historic debt deal, Reuters sources say
Markus Söder (l-r), Chairman of the CSU and Minister President of Bavaria, Friedrich Merz, candidate for Chancellor of the CDU/CSU, Chairman of the CDU/CSU parliamentary group and Federal Chairman of the CDU, Lars Klingbeil, Chairman of the SPD parliamentary group and...
Russia talks of cautious optimism on Ukraine ceasefire but stands by caveats
Russian President Vladimir Putin speaks during a bilateral meeting at the Grand Kremlin Palace, March 13, 2025, in Moscow, Russia. Contributor | Getty Images News | Getty ImagesRussia struck a sedate tone on Friday but acknowledged grounds for cautious optimism, after...
Trump doubles down on tariffs as stocks sink: ‘not going to bend’
US President Donald Trump speaks to the press as he meets with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC, on March 13, 2025.Mandel Ngan | Afp | Getty ImagesPresident Donald Trump on Thursday doubled down on his...
Trump administration sued for ending union bargaining for TSA officers
Travellers process through a security checkpoint at Seattle-Tacoma International Airport before the Thanksgiving holiday in Seattle, Washington, U.S. November 24, 2021.Lindsey Wasson | ReutersThe largest federal employee union filed a lawsuit on Thursday seeking to...
RBI Governor, BFSI News, ET BFSI
Our BureauKolkata: Reserve Bank of India (RBI) Governor, Sanjay Malhotra, on Thursday, urged lenders to create a common pool of bankable green projects so that initiatives at the forefront of fighting climate change receive adequate financing and expertise."Capacity...
Newsmax paid $40 million to settle defamation suit over 2020 election claims
News anchors work at Newsmax's booth during the second day of the 2024 Republican National Convention at the Fiserv Forum in Milwaukee, Wisconsin, July 16, 2024.Patrick T. Fallon | Afp | Getty ImagesCable outlet Newsmax Media has paid $40 million to settle allegations...
RBI slaps fines on JM Financial Products, Experian Credit Information Company, ET BFSI
The Reserve Bank has imposed penalties on JM Financial Products and Experian Credit Information Company of India for certain deficiencies in regulatory compliance. In a release on Thursday, RBI said a penalty of Rs 3.1 lakh has been imposed on JM Financial Products...
China, Iran, Russia kick off talks in Beijing on Iran’s nuclear issues
A picture taken on November 10, 2019, shows an Iranian flag in Iran's Bushehr nuclear power plant, during an official ceremony to kick-start works on a second reactor at the facility.ATTA KENARE | AFP via Getty ImagesSenior diplomats from Iran, Russia and China...
RBI may go for 75 bps rate cut this fiscal, 25 bps each in April, June and October 2025: Report, ET BFSI
RBI may go for 75 bps rate cut this fiscal, 25 bps each in April, June and October 2025: ReportNew Delhi [India], March 13 (ANI): SBI research ecowrap predicts 75 basis points rate cut this fiscal. Experts believe that CPI inflation will be 3.9 per cent in the fourth...
Greenland PM blasts Trump talk of U.S. annexation
Lars Joergen Kleist, wearing a Make America Great Again hat, queues to vote at the polling station in Nuuk on March 11, 2025, as Greenland, the autonomous Danish territory, holds legislative elections.Odd Andersen | Afp | Getty ImagesPresident Donald Trump said...
USPS to cut workforce by 10,000 after signing deal with Elon Musk’s DOGE
United States Postal Service vehicles seen in New York City on Feb. 13, 2025. Danielle DeVries | CNBCU.S. Postmaster General Louis DeJoy told Congress he signed an agreement with Elon Musk's DOGE government reform team to provide assistance to the money-losing agency...
Putin says Russia backs Ukraine ceasefire plan but there are nuances
Russian President Vladimir Putin speaks during a bilateral meeting at the Grand Kremin Palace, March 13, 2025, in Moscow, Russia. President of Belarus Lukashenko is having first foreign trip after re-election.Contributor | Getty Images News | Getty ImagesRussian...
Trump EU tariff threat no big deal for markets: Treasury chief Bessent
U.S. Treasury Secretary Scott Bessent on Thursday said Wall Street should shrug off President Donald Trump's latest threat to impose steep tariffs on foreign trading partners.Asked on CNBC's "Squawk on the Street" about Trump's threat to ratchet up tariffs on European...
RBI may go for 75 bps rate cut this fiscal, 25 bps each in April, June and October 2025: Report, ET BFSI
RBI may go for 75 bps rate cut this fiscal, 25 bps each in April, June and October 2025: ReportNew Delhi [India], March 13 (ANI): SBI research ecowrap predicts 75 basis points rate cut this fiscal. Experts believe that CPI inflation will be 3.9 per cent in the fourth...
RBI rate cuts likely to boost India Inc’s debt serviceability, ET BFSI
RBI rate cuts likely to boost India Inc’s debt serviceabilityThe Reserve Bank of India’s (RBI) expected rate-cut cycle is set to lower borrowing costs for companies, improving their debt serviceability, according to a recent analysis by Bank of Baroda. The study,...
Judge blocks Trump’s executive order seeking to punish law firm Perkins Coie
U.S. President Donald Trump speaks before signing executive orders in the Oval Office of the White House on March 6, 2025 in Washington, DC.Alex Wong | Getty ImagesA federal judge blocked President Donald Trump's administration Wednesday from enforcing portions of an...
Inflation slips below RBI’s target of 4%, BFSI News, ET BFSI
Subdued food prices in February pulled down retail inflation below Reserve Bank's median target of 4 % while the country's manufacturing sector pushed the key factory output index to 5 % in Jan, showed data released by the govt Wednesday. The sharp decline in...
Trump pardons former Tennessee Sen. Brian Kelsey
Former Tennessee Sen. Brian Kelsey, left, arrives at federal court, Nov. 22, 2022, in Nashville, Tenn. On Monday, July 8, 2024, a federal appeals panel ruled to keep a 21-month prison sentence in place for the former Tennessee state senator who tried to withdraw his...
Inflation slips below RBI’s target of 4%, BFSI News, ET BFSI
Subdued food prices in February pulled down retail inflation below Reserve Bank's median target of 4 % while the country's manufacturing sector pushed the key factory output index to 5 % in Jan, showed data released by the govt Wednesday. The sharp decline in...
Canada to impose 25% retaliatory tariffs on $21 billion worth of U.S. goods
Workers remove a coil from the production line for quality-control testing during steel production at the NLMK Indiana steel mill on March 15, 2018 in Portage, Indiana.Scott Olson | Getty ImagesCanada said Wednesday it will impose 25% tariffs on more than $20 billion...
India seeks applications to recognise self-regulatory body for account aggregators, ET BFSI
MUMBAI - India's central bank has invited applications to recognise a self-regulatory organisation for account aggregators that facilitate the exchange of information between financial and market institutions. The Reserve Bank of India will recognize one...
How much has the RBI spent to stop the rupee fall?, BFSI News, ET BFSI
How much has the RBI spent to stop the rupee fall?The Reserve Bank of India (RBI) was a net seller of over $36 billion in the foreign exchange market between June and December 2024 in an attempt to stabilise the rupee, according to a written response by the government...
Trump’s Business Roundtable meeting comes as stocks slide
President Donald Trump spoke Tuesday with top CEOs, many of whom have seen the value of their companies slashed as Trump's tariff-heavy economic policy has raised uncertainty and fueled a market sell-off.Trump, a major proponent of tariffs, told the room full of...
RBI Asks Banks for Details on Hedging, Forex Derivatives, BFSI News, ET BFSI
Saloni Shukla & Sangita MehtaMumbai: The Reserve Bank of India (RBI) is now busy assessing whether lapses linked to unhedged forex liabilities are restricted to the embattled IndusInd Bank, currently facing what its chief executive described as a litmus test, or...
China’s commerce ministry held talks with Walmart: State media says
A Walmart Supercenter in Burbank, California, on Nov. 21, 2024.Allen J. Schaben | Los Angeles Times | Getty ImagesChina's Ministry of Commerce has held talks with Walmart after the U.S. retail giant reportedly requested price cuts from Chinese suppliers to offset...
India bond traders look to RBI, inflation data for cues, ET BFSI
Indian government bond yields continue to be largely steady in early deals on Wednesday as market participants await domestic inflation data as well as the central bank's debt purchase.The benchmark 10-year yield was at 6.6953% as of 9:45 a.m. IST, compared with its...
RBI set for further easing amid growth concerns: Pranjul Bhandari, ET BFSI
"We are going to keep our eyes on wheat and sugar for the next few months. But for now, we are going to celebrate the fact that a lot of other food prices have actually come off and we are at target inflation," says Pranjul Bhandari, HSBC Securities.Are you also...
Trump’s 25% tariffs on steel and aluminum imports take effect, Europe retaliates
Steel coils are pictured in the yards of the steelmaker Ternium plant.Daniel Becerril | ReutersU.S. President Donald Trump's 25% tariffs on steel and aluminum imports came into effect Wednesday, resulting in swift counter-measures from the European Union.The White...
Ukraine agrees to U.S.-led ceasefire plan if Russia accepts
Ukraine agreed Tuesday to an immediate 30-day ceasefire negotiated by the United States if Russia accepts the plan, officials said.As part of the plan, the United States immediately lifted its pause on sharing intelligence with Ukraine, and will resume security...
Ontario’s Ford suspends U.S. electric surcharge, says Lutnick agrees to trade talks
Ontario Premier Doug Ford gives remarks at a press conference in Queen's Park on March 10, 2025 in Toronto, Canada. Katherine Ky Cheng | Getty ImagesOntario Premier Doug Ford on Tuesday said he was temporarily suspending his province's 25% surcharge on electricity...
USDA cuts over $1 billion in funding for schools, local food purchases
4th graders are served lunch at Heather Hills Elementary School in Bowie, Md., on Oct. 22, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesThe U.S. Agriculture Department has cut two federal programs that spent over $1 billion annually to help schools and food...
Trump risks recession from tariffs: Doug Ford
Ontario Premier Doug Ford said Tuesday that if there is a recession "there's one person to be blamed, and that's President [Donald] Trump.""If we go into a recession, it will be called the Trump recession," Ford warned in an interview with CNBC's "Money Movers" after...
Trump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties
U.S. President Donald Trump sits in the Oval Office of the White House in Washington, D.C., U.S., March 7, 2025. Leah Millis | ReutersPresident Donald Trump said Tuesday he has ordered his administration to raise tariffs on Canadian steel and aluminum imports by an...
Issue of Rs 100 & Rs 200 Banknotes with new RBI Governor’s signature, ET BFSI
The Reserve Bank of India (RBI) announced on Tuesday that it will soon issue new Rs 100 and Rs 200 banknotes in the Mahatma Gandhi (New) Series, bearing the signature of RBI Governor Sanjay Malhotra.These new banknotes will have the same design as the existing Rs 100...
RBI cracks down on four P2P lending firms for regulatory violations, slaps Rs 76.60 lakh fine, ET BFSI
RBIThe Reserve Bank of India (RBI) has imposed a cumulative penalty of Rs 76.6 lakh on four peer-to-peer (P2P) lending platforms—Faircent, Finzy, Visionary Financepeer, and Rang De P2P Financial Services—for non-compliance with NBFC-P2P guidelines. The action follows...
Stock market plunge not as ‘meaningful’ as business moves
The White House on Monday downplayed the weeks long stock market sell-off, insisting that recent moves by business leaders suggest a brighter outlook for the U.S. economy."We're seeing a strong divergence between animal spirits of the stock market and what we're...
Striking a balance between investor protection and business growth, ET BFSI
SEBI can further enhance the ease of doing business in India's capital markets while maintaining high standards of investor protection and market integrity.SEBI's recent circular issued on January 8, 2025 about governance of various market entities in India has...
Elon Musk forecasts DOGE savings as Tesla shares tank
DOGE chief Elon Musk said Monday that he is running his businesses "with great difficulty," as shares of his automotive firm Tesla suffered their worst drop in a half-decade, and as his social media company X experienced several outages.Musk also said during an...
Relief now, inflation risks ahead?, ET BFSI
The Reserve Bank of India’s (RBI) latest liquidity measures have provided immediate relief to the banking system, pushing bank stocks higher and easing concerns over a funding crunch. However, the scale of intervention—Rs 1 lakh crore through open market operations...
RBI hints at ‘soft-touch’ approach towards innovation in payments ecosystem, fintechs, ET BFSI
RBI hints at ‘soft-touch’ approach towards innovation in payments ecosystem, fintechs The Reserve Bank of India (RBI) Governor Sanjay Malhotra has hinted a ‘soft-touch’ approach towards the innovation in the payments ecosystem and fintechs saying we will continue to...
Can Trump launch Iran nuclear deal 2.0 in second White House term?
An Iranian missile system is displayed next to a banner with a picture of Iran's Supreme Leader Ayatollah Ali Khamenei and the late Lebanon's Hezbollah leader Hassan Nasrallah, in a street in Tehran, Iran, October 2, 2024. Majid Asgaripour | Via ReutersIran's fortunes...
Trump Media falls more than 11% as broader sell-off intensifies
Anna Barclay | Getty ImagesShares of Trump Media dropped more than 10% in intraday trading Monday, accelerating the company's downward slide since President Donald Trump took office.The company behind Trump's preferred social media app Truth Social was trading below...
Greater tariff and trade clarity is what all CEOs always want
U.S. President Donald Trump speaks to reporters as White House Press Secretary Karoline Leavitt stands by him aboard Air Force One on his return to Washington, D.C., U.S., March 9, 2025. Kevin Lamarque | ReutersPresident Donald Trump has dismissed the growing chorus...
Rs 3,600 cr allocated for higher education loans till 2030-31, ET BFSI
New Delhi, An outlay of Rs 3,600 crore under the PM Vidyalaxmi scheme has been made from 2024-25 to 2030-31 for providing 3 per cent interest subvention benefit for up to 7 lakh fresh students seeking guarantor-free education loan for high education, the Lok Sabha was...
Mark Carney wins race to replace Canada’s Trudeau
Former Bank of Canada and Bank of England governor Mark Carney speaks as members of Canada's Liberal Party gather to choose a successor to Prime Minister Justin Trudeau, in Ottawa, Ontario, Canada, on March 9, 2025.Blair Gable | ReutersFormer central banker Mark...
Layoffs at Department of Veterans’ Affairs will begin early as June
A person walks past the Department of Veterans Affairs headquarters a block from the White House on March 06, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty ImagesThe Department of Veterans Affairs will begin mass layoffs at the politically...
Trump downplays concerns about his tariffs and higher prices
U.S. President Donald Trump attends the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | ReutersPresident Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a...
House Republicans unveil bill to avoid shutdown and they’re daring Democrats to oppose it
House Republicans unveiled a spending bill Saturday that would keep federal agencies funded through Sept. 30, pushing ahead with a go-it-alone strategy that seems certain to spark a major confrontation with Democrats over the contours of government spending.The...
Unions ask court to stop DOGE from access of Social Security data
"Close up photograph of Social Security cards against currency background, selective focus.Similar Images:"Richcano | E+ | Getty ImagesA group of labor unions are asking a federal court for an emergency order to stop Elon Musk 's Department of Government Efficiency...
Trump’s golf resort in Scotland vandalized with pro-Palestinian graffiti
General view of the entrance to the clubhouse at Trump Turnberry golf resort in Turnberry, Scotland.Tom Bergin | ReutersU.S. President Donald Trump's Turnberry golf resort in Scotland has been daubed with pro-Palestinian graffiti, with a protest group claiming...
Cooling inflation reinforces case for potential RBI rate cuts: Report, ET BFSI
New Delhi, India's inflation fell to 4.31 per cent in January from 5.22 per cent, approaching the RBI's 4 per cent target after four months above 5 per cent and this trend reinforces the case for potential rate cuts, with the repo rate at 6.25 per cent, a new report...
Trump Organization sues Capital One over account closures after Jan. 6
U.S. President Donald Trump speaks with members of the media on the South Lawn before boarding Marine One at the White House, in Washington, D.C., U.S., Feb. 28, 2025. Nathan Howard | ReutersThe Trump Organization sued Capital One in Florida on Friday for allegedly...
RBI’s VRR auctions see muted response on easing liquidity, BFSI News, ET BFSI
Mumbai: The Reserve Bank of India's (RBI) auctions Friday to infuse funds into the banking system saw less enthusiastic participation on improving liquidity following a raft of earlier measures, bank treasury executives said.Although the banking sector's liquidity...
China to slap retaliatory tariffs on some Canadian products
Containers at the Port of Vancouver in Vancouver, British Columbia, Canada, Feb. 28, 2025.Ethan Cairns/Bloomberg via Getty ImagesChina on Saturday announced retaliatory tariffs on some Canadian agricultural goods, hitting back after Ottawa slapped import duties on...
RBI imposes Rs 76.6 lakh penalty on 4 entities, BFSI News, ET BFSI
The Reserve Bank on Friday said it has imposed Rs 76.6 lakh penalty on four non-banking financial companies for non-compliance with certain provisions of its directions related to 'peer-to-peer lending platform'. A penalty of Rs 40 lakh has been imposed on Fairassets...
U.S. cancels $400 million in grants, contracts to Columbia University over Gaza protests
Students protest against the war in Gaza on the anniversary of the Hamas attack on Israel at Columbia University in New York, New York, on Monday, Oct. 7, 2024.Victor J. Blue | The Washington Post | Getty ImagesU.S. President Donald Trump's administration has canceled...
European leaders back defense spend push amid uncertainty over Trump aid to Ukraine
A week since Ukrainian President Volodymyr Zelenskyy's heated expulsion from the White House, European leaders have upped the ante on defense spending plans as they seek to support Kyiv and fill a potential void of U.S. aid. This week, the European Commission...
India set to overcome worst cash crunch in years on RBI steps, ET BFSI
India is heading toward plugging one of the worst-ever liquidity deficits in the financial system, following aggressive steps by the central bank to inject cash.The liquidity shortfall, measured through lenders’ borrowings from the central bank, has eased to 793...
EPFO 3.0 will rollout soon, will allow subscribers to withdraw funds from ATMs: Minister, ET BFSI
Mansukh MandaviyaHyderabad: Union Labour Minister Mansukh Mandaviya announced on Thursday that the Employees Provident Fund Organisation (EPFO) will soon launch the "EPFO 3.0 version," which will allow subscribers to withdraw funds from ATMs, along with several other...
Trump blames ‘globalists’ for stock market sell-off
U.S. President Donald Trump speaks in the Oval Office, on the day he signs executive orders, at the White House in Washington, D.C., U.S. March 6, 2025. Evelyn Hockstein | ReutersMajor stock indices dropped sharply this week, as rattled investors struggled to get a...
Too much easing of loans could be a hidden peril in India’s growth story, ET BFSI
Sanjay Malhotra, the new Reserve Bank of India governor, is right to unwind some of his predecessor’s hawkish controls on a runaway consumer-credit boom. There was a time to throw sand in the wheels of commerce. Right now, though, a sputtering growth engine needs...
Trump broke law firing NLRB member Wilcox, judge rules
Gwynne Wilcox, attorney who was a member and chairman of the National Labor Relations Board.Courtesy: National Labor Relations BoardA federal judge on Thursday reversed the firing of a National Labor Relations Board member by President Donald Trump, with a scathing...
How are RBI’s measures to shore up banking liquidity working, ET BFSI
The Reserve Bank of India (RBI) is taking aggressive steps to address the persistent liquidity deficit in the banking system, which has remained in shortfall for 11 consecutive weeks. Despite earlier interventions, factors such as tax outflows, volatile capital flows,...
Ethics watchdog fired by Trump drops lawsuit challenging dismissal
FILE PHOTO: Special Counsel of the U.S. Office of Special Counsel Hampton Dellinger poses for a portrait in an undated handout image.U.S. Office Of Special Counsel | Via ReutersA top federal ethics watchdog who was fired last month by President Donald Trump said...
House censures Rep. Al Green for heckling Trump speech
Rep. Al Green (D-TX) shouts out as U.S. President Donald Trump addresses a joint session of Congress at the U.S. Capitol on March 04, 2025 in Washington, DC.Win Mcnamee | Via ReutersThe House of Representatives voted Thursday to censure Texas Democratic Rep. Al Green...
RBI may make it tougher for you to get gold loans from banks, BFSI News, ET BFSI
India's central bank plans to ask lenders to follow stricter underwriting processes for gold loans and monitor the end-use of funds as it tries to cool growth in the fast-growing segment, seven people, including industry sources and those aware of the regulator's...
Nirmala Sitharaman says will have to watch trade talks with US, ET BFSI
India's Commerce Minister Piyush Goyal is in the United States for trade talks and the negotiations have to be watched, Finance Minister Nirmala Sitharaman said on Thursday, as President Donald Trump's plan to slap reciprocal tariffs looms."We will have to see how...
Trump administration removes ethics watchdog Dellinger
FILE PHOTO: Special Counsel of the U.S. Office of Special Counsel Hampton Dellinger poses for a portrait in an undated handout image.U.S. Office Of Special Counsel | Via ReutersA federal appeals court on Wednesday allowed the Trump administration to remove a top...
Trump’s protectionist policies could push Europe toward China
US President Donald Trump waits to greet British Prime Minister Keir Starmer at the entrance of the West Wing of the White House in Washington, DC, on February 27, 2025. Carl Court | Afp | Getty ImagesTensions between the U.S. and Europe have hit something of a low in...
India faces growing pressure to adopt crypto after US strategic reserve move, ET BFSI
India faces growing pressure to adopt crypto after US strategic reserve moveIndia is facing increasing pressure to establish a clear regulatory framework for cryptocurrencies following the US administration’s decision to create a strategic cryptocurrency reserve....
RBI announces Rs 1 lakh crore bond purchases, $10 billion swap to address liquidity deficit, ET BFSI
The Reserve Bank of India (RBI) late Wednesday stepped up measures to infuse durable liquidity into the banking system and create conditions conducive to quickening transmission of lower policy rates so that expected outflows, ahead of the March 15 deadline for...
How Europe could seize frozen Russian assets to fund Ukraine
European Union, and Ukrainian flags fly in front of the Berlaymont, the EU Commission headquarters, for the 3rd anniversary of the large scale invasion of Ukraine by Russia on Feb. 24, 2025 in Brussels, Belgium.Thierry Monasse | Getty Images News | Getty...
RBI governor holds meet with fintechs and others, says there is need for compliance by entities new to regulatory space, ET BFSI
Reserve Bank of India chief Sanjay Malhotra on Wednesday held an interaction with non-bank Payment System Operators and FinTechs along with their associations/SROs. The interaction was a part of the Reserve Bank's series of engagements with the Payments and Fintech...
‘Obstacles’ in Egypt’s $53 billion plan to rebuild Gaza, install Palestinian Authority control
Egyptian President Abdel Fattah el-Sisi poses for a picture with leaders as Egypt hosts emergency Arab summit to discuss Palestinian developments, at Egypt's New Administrative Capital in Cairo, March 4, 2025. Egyptian Presidency | Via ReutersArab states led by Egypt...
RBI’s record $77.5 billion short positions may impact rupee liquidity and forex reserves, ET BFSI
The Reserve Bank of India's net short positions in the dollar forward book may have to be rolled over and more could be added in the longer tenure segment as any unwinding will squeeze rupee liquidity. However, the trading position would impact the market's view on...
Govt should ease lending restrictions on NBFCs to improve credit for MSMEs: World Bank, ET BFSI
New Delhi [India], March 6 (ANI): In a bid to enhance the availability of credit for Micro, Small, and Medium Enterprises (MSMEs), the World Bank, in its latest report, has stated that the government should remove the interest cap on NBFCs to ease the lending...
‘Tariff war, a trade war or any other type of war’ — China says it’s ready to fight
This photo shows a general view of a screen broadcasting live footage of China's President Xi Jinping attending the opening session of the National People's Congress (NPC) as seen outside a shopping mall in Beijing on March 5, 2025. Greg Baker | Afp | Getty...
Michael Grimes expected to lead new U.S. sovereign wealth fund: Reuters
Michael Grimes, head of global technology investment banking at Morgan Stanley, smiles while speaking to freshman students enrolled in the Management, Entrepreneurship, and Technology (M.E.T.) program during an orientation at the University of California-Berkeley...
Trump Commerce chief Lutnick blames Biden for economy
President Donald Trump acknowledges the crowd after his inauguration as the 47th president of the United States, in the Rotunda of the U.S. Capitol in Washington, D.C., Jan. 20, 2025.Shawn Thew | Via ReutersCommerce Secretary Howard Lutnick argued Wednesday that...
Supreme Court denies Trump’s request to cancel USAID payments
A divided U.S. Supreme Court on Wednesday declined to let President Donald Trump's administration withhold payment to foreign aid organizations for work they already performed for the government as the Republican president moves to pull the plug on American...
Trump lawyer Alina Habba questions fired veterans’ fitness
(L-R) Attorney Alina Habba speaks as Donald Trump looks on during a press conference at Trump Tower in New York City on Sept. 6, 2024.Charly Triballeau | AFP | Getty ImagesPresident Donald Trump's top lawyer Alina Habba on Tuesday questioned whether some military...
Trump could scale back Canada, Mexico tariffs Wednesday, Lutnick says
President Donald Trump will "probably" announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday. The potential agreements would likely involve scaling back at least part of Trump's brand new 25% tariffs on imports...
Hike in deposit insurance limit beyond Rs 5 lakh to impact banks’ profits: Icra, ET BFSI
A hike in insurance limit on bank deposits above Rs 5 lakh is expected to have a "marginal but notable" impact on lenders' profit, rating agency Icra said on Wednesday. At present, deposits up to Rs 5 lakh by an individual customer is covered by the Deposit Insurance...
Canada requests WTO consultations with U.S. over ‘unjustified tariffs’, says ambassador
Canada's Prime Minister Justin Trudeau speaks during a news conference about the US tariffs against Canada on March 4, 2025 on Parliament Hill in Ottawa, as Foreign Minister Melanie Joly (L) and Minister of Finance and Intergovernmental Affairs Dominic Leblanc look...
RBI appoints Ajit Ratnakar Joshi as new Executive Director, BFSI News, ET BFSI
On Wednesday, RBI announced the promotion of Ajit Ratnakar Joshi to Executive Director, with effect from 3rd of March.As the new Executive Director, he will oversee the Department of Statistics and Information Management and Financial Stability Department.The reserve...
Trump blasted for Jan. 6 Capitol riot, pardons
Trump supporters clash with police and security forces as they storm the US Capitol in Washington, DC on January 6, 2021.Olivier Douliery | AFP | Getty ImagesPresident Donald Trump was blasted online Tuesday night over his pardoning of Jan. 6 U.S. Capitol riot...
Al Green ejected from Trump address to Congress for heckling
Rep. Al Green was ejected from the House of Representatives chamber Tuesday night after the Texas Democrat repeatedly heckled President Donald Trump as he gave a speech to a joint session of Congress.Green was removed from the chamber at the order of House Speaker...
Trump addresses joint session of Congress
President Donald Trump addressed a joint session of Congress on Tuesday night amid stock market turmoil driven by his stiff new tariffs on Canada, Mexico and China, and the controversy over Elon Musk's DOGE campaign to slash federal spending and workforce levels.The...
RBI directs large NBFCs to stop new lines of credit and renewals, ET BFSI
Mumbai: The Reserve Bank of India (RBI) has directed large finance companies to discontinue the practice of extending to companies a 'line of credit' - essentially, a customised, working capital-like debt facility - over concerns that the repayment structures inherent...
Trump says a ‘little disturbance’ from tariffs is OK, as markets reel from trade war fears
U.S. President Donald Trump delivers a speech to a joint session of Congress, in the House Chamber of the U.S. Capitol in Washington, D.C., U.S., March 4, 2025. Kevin Lamarque | ReutersPresident Donald Trump conceded before a joint session of Congress that his steep...
Inclusive financial approach crucial for economic growth, social equity: Govt official, ET BFSI
New Delhi, To achieve the vision of a developed India by 2047, we need a broad-based and inclusive financial approach as a crucial wheel for the growth of the economy and social equity, a senior government official said on Wednesday.Anita Shah Akella, CEO, IEPF...
U.S. will control it ‘one way or the other’
President Donald Trump said Tuesday that the United States would take control of Greenland "one way or the other," escalating months of increasingly aggressive rhetoric towards the self-governing Danish territory.Addressing a joint session of Congress in Washington,...
RBI’s $15-billion dollar-rupee swaps helping Indian companies raise cheaper overseas loans, ET BFSI
Mumbai: Non-bank lenders and companies could spend less on foreign-currency loans as the Reserve Bank of India's (RBI) $15-billion dollar-rupee swaps, aimed at boosting domestic liquidity, have also helped reduce the benchmark rate used to price currency risks in the...
RBI’s $15-billion dollar-rupee swaps helping Indian companies raise cheaper overseas loans, ET BFSI
Mumbai: Non-bank lenders and companies could spend less on foreign-currency loans as the Reserve Bank of India's (RBI) $15-billion dollar-rupee swaps, aimed at boosting domestic liquidity, have also helped reduce the benchmark rate used to price currency risks in the...
Trump touts BlackRock’s Panama Canal port deal in address to Congress
US President Donald Trump speaks during an address to a joint session of Congress at the US Capitol in Washington, DC, on March 4, 2025. Mandel Ngan | Via ReutersPresident Donald Trump on Tuesday touted the U.S. asset management firm BlackRock's deal to buy two Panama...
The levies push limits of presidential authority
U.S. President Donald Trump reacts as he speaks with members of the media on the South Lawn before boarding Marine One at the White House, in Washington, D.C., U.S., Feb. 28, 2025. Nathan Howard | ReutersU.S. importers and their customers are about to experience the...
Need to develop new modes of credit delivery for low-cost, timely credit to MSMEs: PM Modi, ET BFSI
New Delhi, Prime Minister Narendra Modi on Tuesday said there is a need to develop new modes of credit delivery to ensure access of timely and low-cost funds to over six crore MSMEs across the country. Addressing a post-Budget webinar for Micro, Small and Medium...
Europe looks to mobilize $840 billion in defense spending boost, EU Commission head says
President of the European Commission Ursula von der Leyen arrives to give a press conference on the "Defence package" at the EU Commission headquarters in Brussels on March 4, 2025. (Photo by Nicolas TUCAT / AFP) (Photo by NICOLAS TUCAT/AFP via Getty Images)Nicolas...
RBI making a pivotal regulatory shift under new Governor, BFSI News, ET BFSI
RBI Governor Sanjay Malhotra.The Reserve Bank of India (RBI) has taken a relaxed stance under Governor Sanjay Malhotra, signaling a shift in regulatory approach to support banking sector stability and economic growth amid a slowdown. The central bank has introduced...
Trump tariffs on Canada and Mexico take effect Tuesday
President Donald Trump said that on Tuesday he will impose 25% tariffs on goods imported from Canada and Mexico, dashing hopes for a last-minute deal that could avoid a trade war with two of the U.S.' top trading partners.Trump told reporters there was "no room left...
RBI DG to lenders, ET BFSI
Mumbai, Reserve Bank Deputy Governor Swaminathan J on Monday said that showing empathy towards distressed borrowers from small businesses is important for lenders. Addressing the 29th Meeting of the Standing Advisory Committee (SAC) to review the flow of credit to the...
Trump halts all U.S. military aid to Ukraine, White House official says
U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy at the White House in Washington, D.C., U.S., Feb. 28, 2025. Brian Snyder | ReutersU.S. President Donald Trump has paused all military aid to Ukraine following his clash with Ukrainian...
Cong on rising gold loans, ET BFSI
New Delhi, The Congress on Tuesday flagged the issue of rise in gold loans and claimed that the Indian economy is "deep in a Modi-made crisis". Congress general secretary in-charge communications Jairam Ramesh cited the February RBI data and pointed out that gold...
Trump expected to discuss TSMC investment in U.S.
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump is expected on Monday to formally announce a planned $100 billion investment in the U.S. by chip manufacturer Taiwan...
Laadki Bahin instalment for Feb to be released on eve of International Women’s Day: Minister, ET BFSI
Mumbai, Maharashtra Minister Aditi Tatkare on Monday said the allowance under the Mukhya Mantri Majhi Laadki Bahin Yojana for February will be disbursed to beneficiaries on the eve of International Women's Day. Talking to reporters in the Vidhan Bhavan premises, the...
EU leaders prepare ‘concrete’ measures on defense financing, sources say
LONDON — The European Union is expected to announce "concrete" measures on boosting defense financing this week, sources told CNBC, as Europe and the United States clash over support for Ukraine.The 27 EU leaders will gather in Brussels on Thursday for a meeting...
How will RBI’s $10 billion forex swap impact banks, inflation, interest rates, liquidity?, ET BFSI
The Reserve Bank of India (RBI) has announced a $10 billion forex swap auction to tackle the ongoing liquidity crunch in the banking sector and strengthen foreign exchange reserves. With the Indian banking system facing a severe cash deficit, this move aims to inject...
JD Vance blasted on Vermont ski trip for Zelenskyy clash
U.S. Vice President J.D. Vance speaks during a swearing-in ceremony for newly confirmed CIA Director John Ratcliffe at the Eisenhower Executive Office Building at the White House on Jan. 23, 2025 in Washington, DC. Kent Nishimura | Getty ImagesCrowds gathered in a...
Scott Bessent says Trump tariffs won’t cause inflation to increase
U.S. Secretary of the Treasury Scott Bessent speaks at the White House in Washington on Feb. 3, 2025.Elizabeth Frantz | ReutersTreasury Secretary Scott Bessent said Sunday that President Donald Trump's proposed tariffs are unlikely to raise inflation, in part because...
Indians must work hard to achieve USD 30 tn economy by 2047: Amitabh Kant, ET BFSI
New Delhi, Indians must work hard to achieve the ambitious target of making India a USD 30 trillion economy by 2047, former Niti Aayog CEO Amitabh Kant has said. Joining the ongoing debate on working hours, India's G20 Sherpa said Japan, South Korea and China have...
After Trump clash, Ukraine’s Zelenskyy gets warm UK welcome before European summit
Britain's Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy shake hands during a bilateral meeting at 10 Downing Street ahead of a summit of European leaders, on March 1, 2025, in London.Peter Nicholls | Via ReutersBritish Prime Minister Keir...
U.S. federal workers hit with second wave of emails demanding job details
Elon Musk speaks during the first cabinet meeting hosted by U.S. President Donald Trump, at the White House in Washington, DC, U.S., February 26, 2025. Brian Snyder | ReutersThe Trump administration sent out a second round of emails on Friday evening demanding all...
Trump objected to Zelenskyy disrespect, White House says
U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskiy at the White House in Washington, D.C., U.S., February 28, 2025. Brian Snyder | ReutersPresident Donald Trump found the tone and body language of Ukrainian President Volodymyr Zelenksyy...
Andrew Cuomo launches campaign for NYC mayor
Former Gov. Andrew Cuomo, D-N.Y., arrives for a closed-door interview with the House Oversight and Accountability Subcommittee on Coronavirus Pandemic about New York's response to COVID-19, at O'Neill building in Washington, D.C., on Tuesday, June 11, 2024. Tom...
Judge blocks Trump order threatening funding for institutions that offer care for transgender youth
President Donald Trump's plan to pull federal funding from institutions that provide gender-affirming care for transgender youth will remain blocked on a long-term basis under a federal judge's ruling in Seattle late Friday.U.S. District Court Judge Lauren King...
Norway plans to raise financial support for Ukraine, prime minister says
Ukrainian President Volodymyr Zelensky (2L) attends a Nordic summit meeting with leaders of the five Nordic nations, key backers in Kyiv's fight against Russia's invasion on December 13, 2023 in Oslo. Cornelius Poppe | Afp | Getty ImagesThe Norwegian government will...
Firings at the U.S. weather and oceans agency risk lives and the economy, former agency heads warn
Signage outside the National Oceanic and Atmospheric Administration (NOAA) Center for Weather and Climate Prediction headquarters in College Park, Maryland, US, on Thursday, Dec. 5, 2024. The conservative Project 2025 roadmap calls for slashing NOAA funding at a time...
RBI Fines HSBC, IIFL Samasta, BFSI News, ET BFSI
Mumbai: Reserve Bank of India has imposed a ₹33 lakh penalty on micro finance company IIFL Samasta Finance for non-compliance with RBI directions on loan period, non- classification of certain loan accounts as NPA despite being 90 days or more overdue, and alloting...
‘Not good for both sides’
Ukrainian President Volodymyr Zelensky speaks during an interview with Fox News Chief Political Anchor Bret Baier on Special Report With Bret Baier at the Fox News studios on Feb. 28, 2025 in Washington, DC.Win McNamee | Getty ImagesUkrainian President Volodymyr...
Zelenskyy leaves White House after Ukraine talks collapse
Ukrainian President Volodymyr Zelenskyy departs after a press conference with U.S. President Donald Trump was canceled following their Oval Office meeting at the White House in Washington, D.C., U.S., February 28, 2025. Nathan Howard | ReutersUkrainian President...
Mexico extradites drug cartel members amid Trump tariff threat
Soldiers escort a man who authorities identified as Omar Trevino Morales, alias "Z-42," leader of the Zetas drug cartel, as he is moved from a military plane to a military vehicle at the Attorney General's Office hangar in Mexico City, March 4, 2015.Eduardo Verdugo |...
Trump, Vance and Zelenskyy clash at White House Ukraine meeting
U.S. President Donald Trump meets with Ukrainian President Volodymyr Zelenskiy as U.S. Vice President JD Vance reacts at the White House in Washington, D.C., U.S., Feb. 28, 2025. Brian Snyder | ReutersPresident Donald Trump and Vice President JD Vance argued with...
Trump to sign order making English the official U.S. language
US President Donald Trump waits to greet British Prime Minister Keir Starmer at the entrance of the West Wing of the White House in Washington, DC, on February 27, 2025. Carl Court | Afp | Getty ImagesPresident Donald Trump plans to sign an executive order making...
Trump says minerals deal with Ukraine is worth billions. Is it?
Workers go about their job at a granite mine on Feb. 26, 2025 in the Zhytomyr region of Ukraine. Kostiantyn Liberov | Libkos | Getty ImagesUkraine might have turned the tide in its rocky relations with the U.S. by offering President Donald Trump's administration...
Trump, British Prime Minister Starmer press conference
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump and British Prime Minister Keir Starmer are holding a joint press conference at the White House on Thursday.Starmer and Trump...
Finance Secretary Tuhin Kanta Pandey appointed as SEBI Chairman for three years, ET BFSI
Tuhin Kanta Pandey succeeds Madhabi Puri Buch as SEBI ChairmanThe Appointments Committee of the Cabinet (ACC) on Thursday announced the appointment of Tuhin Kanta Pandey as the new Chairman of the Securities and Exchange Board of India (SEBI) for a tenure of three...
Trump signals U.S., U.K. could reach ‘real trade deal’ without tariffs
U.K. Prime Minister Keir Starmer and U.S. President Donald Trump at a joint press conference in the East Room at the White House on Feb. 27, 2025, in Washington, D.C.Carl Court | Getty Images News | Getty ImagesU.S. President Donald Trump signaled the U.K. could...
Will RBI ease risk weights on credit cards and personal loans next?, ET BFSI
The Reserve Bank of India’s (RBI) recent decision to roll back higher risk weights on bank lending to non-banking financial companies (NBFCs) and microfinance institutions (MFIs) has raised speculation about whether similar relief will be extended to credit cards and...
As Trump breaks ranks with Europe, are Asia-Pacific allies next?
With the U.S. now having a more hostile stance to NATO, what are the security implications for Asia?Zhangshuang | Moment | Getty ImagesJust over a month into the second term of Donald Trump's presidency, U.S. foreign policy has been upended, especially in Europe.The...
FM Sitharaman, EU commissioners discuss Economic Cooperation, FinTech, Trade, and Investment, ET BFSI
New Delhi [India], February 28 (ANI): Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, met with Maria Luis Albuquerque, European Commissioner of Financial Services, Savings and Investments Union, and Piotr Serafin, European Commissioner of Budget,...
Trump says Mexico, Canada tariffs will start March 4, plus additional 10% on China
U.S. President Donald Trump hosts his first cabinet meeting with Elon Musk in attendance, Washington, D.C., U.S., February 26, 2025. Brian Snyder | ReutersPresident Donald Trump on Thursday said that his proposed tariffs on Mexico and Canada will go into effect on...
Trump directs agencies to review, terminate ‘unnecessary’ contracts
U.S. President Donald Trump looks on on the day he signs an executive order in the Oval Office, at the White House in Washington, D.C., U.S. Feb. 25, 2025. Evelyn Hockstein | ReutersU.S. President Donald Trump issued an executive order on Wednesday aimed at...
Trump takes fight over foreign aid funding to U.S. Supreme Court
U.S. President Donald Trump talks to reporters from the Resolute Desk after signing an executive order to appoint the deputy administrator of the Federal Aviation Administration in the Oval Office at the White House on January 30, 2025 in Washington, DC.Chip...
Trump threatens 25% tariffs on EU, says bloc formed ‘to screw’ U.S.
US President Donald Trump holds a cabinet meeting at the White House in Washington, DC, on February 26, 2025. Jim Watson | Afp | Getty ImagesU.S. President Donald Trump threatened to impose 25% tariffs on imports from the European Union, claiming that the economic and...
Will RBI’s risk weight relaxation revive credit growth?, ET BFSI
RBIThe Reserve Bank of India's (RBI) decision to relax risk weights on bank lending to non-banking financial companies (NBFCs) and microfinance loans (MFIs) is expected to free up bank capital, yet policy transmission delays could slow the impact on credit growth and...
New York Mayor Eric Adams seeks criminal case dismissal
New York Mayor Eric Adams listens to questions from reporters during a press conference at NYPD's 40th Precinct on Feb. 20, 2025 in New York City.Michael M. Santiago | Getty ImagesAttorneys for New York City Mayor Eric Adams asked a federal judge Wednesday for an...
Trump administration, DOGE hit roadblocks in three court cases
U.S. President Donald Trump meets with French President Emmanuel Macron at the White House in Washington, D.C., on Feb. 24, 2025.Brian Snyder | ReutersA trio of federal judges on Tuesday dealt the Trump administration setbacks in separate court cases involving federal...
White House identifies DOGE administrator amid questions on Elon Musk’s role
Elon Musk, CEO of Tesla and SpaceX, speaks at the Conservative Political Action Conference at the Gaylord National Resort Hotel and Convention Center in Oxon Hill, Maryland, Feb. 20, 2025.Andrew Harnik | Getty ImagesThe acting administrator of President Donald Trump's...
Trump floats $5 million ‘gold card’ as a route to U.S. citizenship
U.S. President Donald Trump speaks on the day he signs an executive order in the Oval Office, at the White House in Washington, D.C., U.S., Feb. 25, 2025. Evelyn Hockstein | ReutersU.S. President Donald Trump on Tuesday floated the idea of replacing a visa program for...
U.S. lawmakers warn that China could use Musk to influence Trump
Elon Musk and U.S. President Donald Trump in the White House's Oval Office.Kevin Lamarque | ReutersThe Republican and Democratic leaders of the U.S. House of Representatives' select committee on China warned on Tuesday that Beijing may try to exert leverage with Elon...
Enable MSMEs to grow in size through right policy, ADB official tells MP govt, ET BFSI
Bhopal, Madhya Pradesh must look to frame policies for MSMEs to enable them to grow into large companies, which can compete globally, a senior official of the Asian Development Bank said on Tuesday. Speaking at the Madhya Pradesh Global Investors Summit (MP GIS) 2025,...
House Republicans advance Trump’s tax cut plan
Speaker of the House Mike Johnson, R-La., conducts a news conference in the Capitol Visitor Center on the potential budget resolution vote and other issues, after a meeting of the House Republican Conference on Tuesday, Feb. 25, 2025.Tom Williams | CQ-Roll Call, Inc....
RBI restores risk weights on bank exposures to NBFCs to pre-November 2023 levels, ET BFSI
The Reserve Bank of India (RBI) on Tuesday rolled back the 25-percentage-point increase in risk weights on bank exposures to Non-Banking Financial Companies (NBFCs), effectively restoring them to levels determined by external credit ratings. This revision, outlined in...
India’s central bank relaxes certain norms for urban co-operative banks, ET BFSI
MUMBAI - India's central bank on Monday revised certain norms for urban co-operative banks (UCBs), with a view of providing them with greater operational flexibility, while meeting regulatory objectives.UCBs are financial institutions operating in urban and semi-urban...
RBI’s $10 billion swap signals shift in liquidity strategy ahead of peak crunch in March, ET BFSI
RBIThe Reserve Bank of India (RBI) is set to conduct a $10 billion three-year dollar/rupee swap auction on February 28, aiming to inject durable liquidity into the banking system struggling with persistent cash deficits.The move reflects a strategic shift in liquidity...
U.S. judge allows Trump’s AP Oval Office ban to stand over use of Gulf of Mexico name
U.S. President Donald Trump speaks to reporters after signing a proclamation renaming the Gulf of Mexico to the Gulf of America, while flying over the gulf aboard Air Force One en route to New Orleans to attend the Super Bowl, February 9, 2025. Kevin Lamarque |...
RBI report, BFSI News, ET BFSI
MUMBAI: Corporate profits grew 15.3% in FY24, despite sluggish sales growth of around 5.5%, on the back of cost rationalisation, an RBI report said. The services sector outperformed manufacturing in both sales and profit growth, reversing the trend from FY23 when...
Trump says tariffs on Canada and Mexico ‘will go forward’
President Donald Trump said Monday that sweeping U.S. tariffs on imports from Canada and Mexico "will go forward" when a monthlong delay on their implementation expires next week."The tariffs are going forward on time, on schedule," Trump said when asked at a White...
RBI increases mortgage, loan ceilings for urban co-operative banks, ET BFSI
Reserve Bank of India (RBI) has increased the loan ceiling for urban co-operative banks (UCBs) to small value customers to 0.40% of their Tier I capital from 0.20% earlier and Rs 3 crore per borrower from Rs 1 crore earlier. These banks have also been allowed to take...
Trump, Emmanuel Macron hold press conference
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump and French President Emmanuel Macron are set to hold a joint press conference at the White House on Monday, as western Europe...
Lawsuit challenges threat to federal workers
CEO of Tesla and SpaceX Elon Musk speaks at the Conservative Political Action Conference (CPAC) at the Gaylord National Resort Hotel And Convention Center on Feb. 20, 2025 in Oxon Hill, Maryland.Andrew Harnik | Getty ImagesA newly amended lawsuit challenges a threat...
5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day:1. Rocky runInvestors hope U.S. stocks will rally after a dismal end to the last trading week. Equities tumbled Thursday and Friday, and the S&P 500 and Nasdaq Composite fell...
Voters flocked to AfD and Die Linke political extremes
Election campaign posters for (from R) the Free Democrats (FDP), the Left Party (Die Linke), The Social Democratic Part (SPD), the Green Party (Die Gruenen), and the Christian Democratic Party (CDU) line a boulevard in Berlin on January 20, 2025.John Macdougall | Afp...
The Trump administration is firing 2,000 USAID workers and putting thousands of others on leave
A flag outside of the U.S. Agency for International Development (USAID) headquarters is seen on February 03, 2025 in Washington, DC.Kevin Dietsch | Getty ImagesThe Trump administration said Sunday that it is eliminating 2,000 positions at the U.S. Agency for...
RBI curbs show effect; personal loan growth moderates in Q3, BFSI News, ET BFSI
Kolkata: Personal loan growth moderated in the quarter to December following regulatory cautioning over possible overheating. The annual growth print for the personal loan segment was recorded at 13.7% at the end of December 2024 from 15.2% at the end of September,...
Some US agencies tell workers not to reply to Musk’s email
WASHINGTON, Feb 23 (Reuters) - Multiple U.S. agencies have told employees not to respond immediately to a demand by President Donald Trump's adviser Elon Musk to list their accomplishments in the past week or be fired, as a chaotic campaign to cull the federal...
RBI proposes ban on foreclosure charges for floating rate loans to individuals, MSEs, ET BFSI
The Reserve Bank of India (RBI) has proposed banning foreclosure and prepayment charges on floating rate loans extended to individuals for non-business purposes and to micro and small enterprises (MSEs). The central bank issued a draft circular on Friday outlining the...
RBI to inject $10 billion via forex swap to curb cash crunch, BFSI News, ET BFSI
India’s central bank plans to inject $10 billion through a foreign exchange swap as it ramps up efforts to tackle a cash crunch in the banking system.The three-year swap auction will be held on Feb. 28, the Reserve Bank of India said in a statement on Friday.The swap...
Trump says Dan Bongino to be FBI deputy director
Dan Bongino in Hollywood, Florida on Nov. 17, 2022.Jason Koerner | Getty Images Entertainment | Getty ImagesPresident Donald Trump said in a post on social media Sunday that Dan Bongino, a conservative talk show host, will be deputy director of the FBI.Bongino will...
German 2025 federal election results
The evening sun shines on the Reichstag building of the German Bundestag with the inscription "Dem Deutschen Volke.Fabian Sommer | Picture Alliance | Getty ImagesBERLIN — The Christian Democratic Union and the allied Christian Social Union secured the largest share of...
Musk orders U.S. federal workers to report on work by Monday or resign
Elon Musk, chief executive officer of Tesla Inc., in the Oval Office of the White House in Washington on Tuesday, Feb. 11, 2025.Aaron Schwartz | Bloomberg | Getty ImagesThe Trump administration sent emails on Saturday evening to U.S. federal government employees...
New FBI Director Kash Patel will also be named acting head of the ATF, official says
Kash Patel, U.S. President Donald Trump's nominee to be director of the FBI, testifies before a Senate Judiciary Committee confirmation hearing on Capitol Hill in Washington, U.S., Jan. 30, 2025.Evelyn Hockstein | ReutersNew FBI Director Kash Patel is expected to be...
What we know about Dan ‘Razin’ Caine, Trump’s pick to be the top U.S. military officer
President Donald Trump's choice to be the top U.S. military officer, retired Air Force Lt. Gen. Dan Caine, endeared himself to the commander in chief through his military call sign, "Razin," during a meeting in Iraq years ago. Officials who have served with Caine...
Trump revels in mass federal firings before adoring conservative crowd
President Donald Trump said Saturday that "nobody has ever seen anything" like his administration's sweeping effort to fire thousands of federal employees and shrink the size of government, congratulating himself for "dominating" Washington and sending bureaucrats...
Germans head to the polls in critical election with far-right gains expected
The German parliament convenes for its last regular session before the general election.Michael Kappeler | Picture Alliance | Getty ImagesGermans headed to the polls on Sunday to vote in the 2025 federal election, which is all but guaranteed to result in a new...
U.S. FDA asks fired scientists to return, including some reviewing Musk’s Neuralink
U.S. Food and Drug Administration employees reviewing Elon Musk's brain implant company Neuralink were fired over the weekend as part of a broader purge of the federal workforce, according to two sources with knowledge of the matter.Sopa Images | Lightrocket | Getty...
Former RBI Guv Shaktikanta Das appointed Principal Secretary-2 to PM Modi, ET BFSI
Shaktikanta DasFormer Governor of Reserve Bank of India, Shaktikanta Das will serve as the Principal Secretary-2 to Prime Minister Narendra Modi with effect from the date he assumes office, as announced by the Appointments Committee of the Cabinet on Saturday. "His...
Hamas frees first of Israeli hostages to be released in latest exchange
KHAN YUNIS, GAZA - FEBRUARY 20: An aerial view of as members of the Al-Qassam Brigades, the military wing of Hamas, take precautions around the cemetery in Bani Suheila municipality before the bodies of the Bibas family (three members) and Oded Lifshitz are handed...
India’s RBI must infuse Rs 1 lakh crore by March-end to ease bank liquidity gap, analysts say, ET BFSI
India's central bank will need to inject at least another Rs 1 lakh crore ($11.54 billion) into the banking system by March-end as durable liquidity remains in a deficit despite a recent cash infusion, market participants said on Friday."The need for durable liquidity...
RBI imposes Rs 46 lakh penalty on three firms for non compliace, ET BFSI
NEW DELHI: The Reserve Bank of India (RBI) has imposed a fine worth Rs 46.7 lakhs on three firms for non compliance with certain provisions of directives issued by the Reserve Bank of India. In three separate press releases issued by the apex bank on 21 February, it...
U.S. judge blocks Trump’s bid to ban DEI by federal agencies, contractors
U.S. President Donald Trump returns to the White House on February 19, 2025 in Washington, DC. Trump returned to the White House after spending the weekend and the first two days of the week in Florida. Win Mcnamee | Getty Images News | Getty ImagesA federal judge in...
Judge declines to immediately dismiss Eric Adams’ corruption case, delays trial
New York City Mayor Eric Adams attends a press conference at the 40th precinct, in the Bronx borough of New York City, New York, U.S., Feb. 20, 2025. Jeenah Moon | ReutersA New York judge on Friday said he would not immediately dismiss Eric Adams' corruption case, but...
5 things to know before the stock market opens Friday
Here are the most important news items that investors need to start their trading day:1. StallmartInvestors hope to end a lackluster week on a high note. Stocks dropped on Thursday, as the S&P 500 dipped 0.4%, the Nasdaq Composite lost 0.5% and the Dow Jones...
RBI Deputy Governor, ET BFSI
Mumbai (Maharashtra) [India] February 21 (ANI): Financial institutions must invest in digital infrastructure and adopt a data-driven, customer-centric approach to remain competitive in the evolving financial landscape, according to Deputy Governor of the Reserve Bank...
RBI to hold variable rate repo auction to infuse Rs 75,000 crore, ET BFSI
Mumbai: The Reserve Bank of India (RBI) Thursday announced a ₹75,000 crore 45-day variable rate repo (VRR) auction, which will be held on Friday. This VRR will be reversed on April 7, just two days before the central bank announces its next monetary policy.This...
Indian banks to face margin squeeze as RBI may go for more rate cuts, ET BFSI
Indian banks are facing renewed pressure on their net interest margins (NIMs) as interest rates are expected to decline following the Reserve Bank of India's (RBI) decision to cut its benchmark rate for the first time in nearly five years.According to S&P Capital...
RBI DG asks entities to guard against reckless financialisation, ET BFSI
Mumbai, Amid concerns emanating from spurt in unsecured lending and an euphoria in derivatives, Reserve Bank Deputy Governor M Rajeshwar Rao on Friday asked financial sector entities to guard against "reckless financialisation". Speaking at an event in stock exchange...
Finmin to meet heads of public sector banks on Mar 4, to review financial performance, ET BFSI
New Delhi, The finance ministry has called a meeting of heads of public sector banks (PSBs) on March 4 to review financial performance of banks and progress of financial inclusion schemes, among others. The meeting is scheduled to be chaired by Financial Services...
New York governor Hochul will not remove mayor
New York City Mayor Eric Adams arrives for a court hearing at Thurgood Marshall Courthouse on February 19, 2025 in New York City. Eduardo Munoz Alvarez | Getty ImagesNew York Governor Kathy Hochul is set to announce Thursday afternoon that she will not remove...
RBI sold a net $35 billion in November and December to curb forex volatility, ET BFSI
Kolkata: The Reserve Bank of India sold foreign currencies worth $35.4 billion on net basis in November and December to prevent excess volatility in rupee movement amid heightened dollar outflows from local equities as foreign investors started seeking safe haven for...
Pentagon orders budget revamp to redirect $50 billion toward Trump’s defense priorities
U.S. Defense Secretary Pete Hegseth prepares to welcome Australian Defence Minister and Deputy Prime Minister Richard Marles at the Pentagon in Washington, U.S., Feb. 7, 2025. Nathan Howard | ReutersThe Pentagon said on Wednesday it was directing the military to draw...
Trump expects visit from Chinese President Xi without giving timeline
Chinese President Xi Jinping and U.S. President Donald Trump.Dan Kitwoodnicholas Kamm | Afp | Getty ImagesU.S. President Donald Trump said on Wednesday he expected Chinese President Xi Jinping to visit the United States without giving a timeline for his...
Palantir plunges after Pentagon budget report, Karp sales plan
Palantir co-founder and CEO Alex Karp attends meetings at the U.S. Capitol in Washington on Oct. 18, 2023.Jonathan Ernst | ReutersThe share price of Palantir fell as much as 12.5% Wednesday after news that CEO Alex Karp had adopted a new stock trading plan, and a...
Despite growth in economic activities Fed minutes signals rate cut on hold, ET BFSI
New Delhi [India], February 20 (ANI): The Federal Open Market Committee (FOMC) remains focused on its dual mandate of maximum employment and stable inflation at 2 per cent, according to the minutes of the latest meeting.The Federal Open Market Committee (FOMC) has...
