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Economy

Bangladesh central bank chief gives clue why India tweaked power export rules. Hint: Adani

The Indian government two weeks ago amended its power export rules to allow exporters to also sell within India, under particular conditions.

Avg housing prices up 90 pc in Bengaluru’s Bagaluru since 2020; 79 pc at Dwarka Expressway

New Delhi, Aug 26 (PTI) Housing prices in Bengaluru's Bagaluru rose highest by 90 per cent since 2020, while Dwarka Expressway in Delhi-NCR...

After UPI, RBI will now launch Unified Lending Interface or ULI for friction less credit

Banglore (Karnataka) , August 26 (ANI): The technology platform for providing "frictionless credit" launched by the Reserve Bank of India (RBI) last year as...

AI integration in finance sector unlocks new opportunities: Shaktikanta Das

Banglore (Karnataka) , August 26 (ANI): Integration of artificial intelligence (AI) into financial services brings significant opportunities for all stakeholders, the Reserve Bank of...

Stocks stutter, dollar sags; Nvidia earnings in focus

By Wayne Cole SYDNEY (Reuters) -Major share markets turned hesitant on Monday, while the dollar and bond yields sagged ahead of inflation data that could pave the way for rate cuts in the United

Decline in loan to deposits ratios in banks is because of lower money creation by RBI and substantial increase in banks profits: Nomura

New Delhi , August 26 (ANI): The decline in loan-to-deposit ratios (LDR) within the banking system has been attributed to lower money creation by...

Indians buying smaller shampoo packs, less noodles & clothes. What’s halted FMCG sector’s revival

Fast-moving consumer goods companies, most of which derive big share of earnings from rural markets, struggling to meet sales targets. Consumers buying cheaper products, smaller packs.

India’s Digital Public Infrastructure experience provides effective strategy for other central banks: RBI Gov Das

Banglore (Karnataka) , August 26 (ANI): Noting the success of Digital Public Infrastructure (DPI), the Reserve Bank of India (RBI) Governor Shaktikanta Das on...

Dollar sinks vs yen, hovers near 2-1/2-year low to sterling on dovish Fed shift

By Kevin Buckland TOKYO (Reuters) -The dollar sank to a three-week trough against the yen on Monday as Federal Reserve Chair Jerome Powell's emphatic dovish shift contrasted sharply with Bank of Japan

Asia shares hesitate and dollar dips; oil gains

By Wayne Cole SYDNEY (Reuters) - Major share markets turned hesitant in Asia on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way

On Camera

Tirupati controversy shows temples can’t run as public sector units. They must be privatised

A private temple could make crores by selling better laddus and investing in goshalas and captive production units to control quality.

After a brief surge, private investment & hiring has again turned cautious. Focus is on cutting debt

Financial year 2022-23 saw private investments & hiring surge, but since then firms are using cash to reduce debt. General elections didn’t help matters, either.

Indian envoy in Oman dons Army combat print for photo ops, sparks controversy

Ambassador Amit Narang wore combat uniform at closing ceremony of India-Oman joint military exercise. Only serving personnel can wear service uniforms, say veterans.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?