The government is gearing up for a comprehensive review of digital banking units with the goal of amplifying financial inclusion and simplifying customer interactions. These innovative units will aid in efforts such as regular customer verification and reclaiming unclaimed assets.Read More
Brookfield Asset Management will invest twelve billion dollars in Andhra Pradesh’s renewable energy sector over the next three years. This is the largest overseas commitment to India’s green energy sector. The global firm also plans to establish a township and multiple hotels under its Leela brand.Read More
Public sector banks are performing strongly. Their September quarter earnings have boosted investor confidence. Bank of Baroda and Indian Bank saw significant gains. Analysts note improved valuations and declining NPAs. This resilience makes PSU banks an attractive investment. Their performance outshines private banks and the broader market over the last six months.Read More
Warburg Pincus is in advanced talks to sell its 26% stake in IndiaFirst Life Insurance for approximately ₹10,000 crore. The private equity firm is approaching global strategic investors and PE funds for the exit, with bids expected in early December. Barclays is managing the deal, aiming for a March 2026 signing.Read More
Indian government bonds saw little movement on Monday. The benchmark 10-year yield stayed within a tight range. However, demand for longer-term bonds weakened, causing their yields to rise. Traders noted that the Rupee’s performance and liquidity are now key factors influencing the market. The focus is on the Rupee’s potential impact on the Reserve Bank...Read More
Groww, a leading online investment platform, is set to launch its IPO, aiming to raise over ₹6,600 crore. Funds will bolster subsidiaries, enhance cloud infrastructure, and support brand building. The company boasts strong user growth and a young demographic, positioning it for future wealth creation.Read More
Fresh rupee term deposit costs have risen for the first time in six months, signaling a potential bottoming out of deposit rates. This uptick, a four basis point increase to 5.60% in September, suggests tighter liquidity as credit growth accelerates and banks compete for funds.Read More
The US economy faces unprecedented uncertainty due to a prolonged government shutdown, halting crucial economic data. This data blackout, the longest in history, leaves economists and policymakers like the Federal Reserve struggling to assess the labor market’s health and inflation trends, akin to driving in heavy fog.Read More
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