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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,…
Source: Live Mint MUMBAI (Reuters) – The Indian rupee strengthened on Friday after struggling for most of the week as global markets were jolted by fears of a trade war and foreign portfolio outflows persisted, pushing the rupee to its lifetime low past the 87 handle. The Reserve Bank of India cut its key interest…
Source: Live Mint History holds significance as it helps understand past events, which aids in making sense of the present, and taking informed decisions for the future. For financial institutions (FIs), such as banks and non-banking financial companies (NBFCs), understanding the history of a customer in terms of how he/she has managed credit in the…
Source: Live Mint MUMBAI : The Securities and Exchange Board of India (Sebi) has impounded an amount of ₹53.6 crore as illegal investment advisory fees under the garb of providing educational courses from Asmita Patel Global School Of Trading and other entities connected with financial influencer Asmita Patel, who is known as “options queen” and…
Source: Live Mint As the Reserve Bank of India’s (RBI) monetary policy committee (MPC) cut repo rate by 25 basis points on Friday, it is seen as the start of interest rate cut cycle. Typically, a cut in repo rate is followed by a similar decline in interest levied on loans as well as interest rates offered on…
Source: Live Mint To maintain optimum financial health and a respectable credit score, it is imperative for you to understand the implications of closing a credit account on the integrity of your current credit score. What is a credit score? Your credit score is a numerical representation of your creditworthiness. It ranges from 300 to…
Source: Live Mint M&M Q3 result: Mahindra & Mahindra (M&M) on Friday, February 7, reported a decent rise in its consolidated net profit and revenue for the December quarter of the current financial year (Q3FY25). The automaker reported a consolidated profit of ₹3,180.58 crore, up 19.64 per cent year-on-year (YoY) from ₹2,658.40 crore reported in…
Source: Live Mint Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, ended lower on Thursday, with the Sensex dropping by 213.12 points to close at 78,058.16, while the Nifty 50 fell 92.95 points to finish at 23,603.35. Market sentiment remained wary as investors awaited the Reserve Bank of India’s (RBI) policy announcement,…
