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Source: Live Mint The US Federal Reserve and the Office of the Comptroller of the Currency – the nation’s top banking regulators — will soon loosen their tough stance when it comes to digital assets now that President Trump has fully embraced the industry, On The Money has learned. Officials at the nation’s top banks,…
Source: Live Mint When used judiciously, credit cards can offer several benefits like instant discounts/cashbacks, up to 50 days interest-free credit period, complimentary airport lounge access, reward points, etc. However, if the monthly bill is not paid by the due date, the cardholder has to pay finance charges and monthly interest of up to 3.75%…
Source: Live Mint Oil India Dividend: State-owned energy giant Oil India Limited, on Friday, February 7, declared its second interim dividend issue of ₹7 per equity share for the financial year ended 2024-25, according to the exchange filing. The company declared a “Second lnterim Dividend of Rs. 7 per share (70% of paid-up capital) for…
Source: Live Mint India’s central bank, the Reserve Bank of India (RBI), concluded the monetary policy committee on Friday, February 8, and announced a 25-basis-point rate cut to 6.25 per cent for the first time in five years. RBI also lowered its growth forecast for the Indian economy to 6.7 per cent, citing the headwinds…
Source: Live Mint With the Reserve Bank of India (RBI) slashing the repo rate by 25 basis points to 6.25 per cent, interest rates on fresh loans are likely to decline. Notably, today’s repo rate cut was the first in nearly five years. With short-term funding available cheaply to banks, personal loans to retail borrowers…
Source: Live Mint LIC Q3 Results: Life Insurance Corporation of India (LIC) announced its October to December quarter results on February 7. The company recorded a rise in net profit of 17% YoY to ₹11,056 crore in the third quarter, compared to ₹9.444.42 crore in the same quarter a year ago. Read Full Article
Source: Live Mint The Securities and Exchange Board of India’s (Sebi) move follows an expert committee’s recommendations to the market regulator for well-governed entities that are expected to perform better in the long run. Compliance with laws is the baseline indicator of responsible governance. Sebi’s changes focus both on external assurance exercises on compliance as…
Source: Live Mint The long-awaited policy rate easing by the Reserve Bank of India (RBI) is finally here. With inflation cooling from recent peaks, GDP growth dipping marginally, and global central banks shifting to accommodative policies, expectations were high ahead of the latest monetary policy review. The announcement did not disappoint—RBI has cut the repo…
Source: Live Mint By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK, – A fresh look at the pace of inflation will test the U.S. stock market in the coming week, as investors worry that President Donald Trump’s tariff plans are endangering Wall Street’s hopes for interest rate cuts this year. The benchmark S&P 500…
Source: Live Mint The need for money may arise anytime, forcing individuals to borrow from financial institutions in the form of loans. Every loan has to be repaid in the future, and interest rates are charged as well. In order to deal with multiple financial requirements, borrowers may seek multiple loans with overlapping tenure. However,…
