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The dollar approached a one-week high on Friday, poised to end a five-week losing stretch. Strong U.S. economic data cut expectations for aggressive Federal Reserve rate reductions. Meanwhile, European inflation slowed and Japan’s yen weakened. The euro and yen reacted differently to these economic shifts, affecting currency trade.

​​Film star Shah Rukh Khan made his debut on the Hurun India Rich list with a wealth of Rs 7,300 crore, fuelled by his stakes in Kolkata Knight Riders and Red Chillies Entertainment Juhi Chawla and family (Rs 4,600 crore), Hrithik Roshan (Rs 2,000 crore), Karan Johar (Rs 1,400 crore), Continue Reading

Equities in Australia and South Korea rose while those in Japan inched up. The MSCI Asia Pacific Index headed for a fourth month of gains as traders awaited a key US inflation report due Friday. Japan’s 10-year bond futures opened lower after data showed inflation in Tokyo quickened in August, Continue Reading

A senior RBI official emphasised the need for responsible lending to build consumer trust and protection in digital lending using AI/ML models. With AI’s growing role in credit assessment, banks need to focus on governance and financial literacy. Digital lending is expected to surpass $1 trillion by 2030.

Incorporated in 2013, Kolkata-based Bazaar Style Retail sells apparel for men, women and children as well as general merchandise across over 162 stores located in 146 cities in nine states. In FY24, 87% of the company’s revenues were earned from its stores in West Bengal, Odisha, Assam and Bihar.

In February 2022, Rakesh Gangwal, co-founder of India’s largest carrier, announced his decision to gradually reduce stake in the company and stepped down from the company’s board. This decision followed a two-year-long bitter battle with co-promoter Rahul Bhatia.

“We have seen longs being added to the Nifty index, and there was a spike in the last hour, showing that there is momentum on the long side of the index, which was rolled over from August to September,” said Chandan Taparia, head of technicals and derivatives at Motilal Oswal Continue Reading

Adoption of technology has helped Sebi conduct extensive consultations before coming out with new rules, said Buch. “Imagine if we had tried to do this manually (on analysing the 6,000 comments received). We would have died!,” she said

“MSCI’s August 2024 review changes for its standard and small-cap indices will be implemented on Friday, likely leading to $5.5 billion in net inflows,” said Sriram Velayudhan, head of alternative research at IIFL. “This includes adjustments to country weightings, with India expected to gain substantially post-rebalancing.”

“I have to create a balance where I am able to cater to both. Not everyone has a smartphone. Everyone is not legitimately smart. There exists both– India as well as Bharat. My technology should be such that it can work on both sides,” Shah, who was participating in a Continue Reading