Bulk deposit pricing to be more transparent, flexible
MUMBAI: RBI has proposed tighter disclosure norms for deposit interest rates while allowing banks to…
Bulk deposit pricing to be more transparent, flexible
MUMBAI: RBI has proposed tighter disclosure norms for deposit interest rates while allowing banks to price large deposits based on withdrawal risk, which will be a fourth factor for differential rates. Until now banks were allowed to offer differential rates based on tenor, size, and premature withdrawal conditions. These determine whether deposits qualify as bulk…
Retract charges or pay Rs 1,000cr: Tata Trusts
MUMBAI: Tata Trusts has demanded petitioner Suresh Tulsiram Patilkhede and his lawyer Katyayani Agarwal withdraw allegations of impropriety over a 37-year-old transfer of 833 Tata Sons shares, seeking Rs 1,000 crore in damages for reputational harm and causing distress. The charitable organisations sent notices to both, saying transfer of shares from Navajbai Ratan Tata Trust…
Over $580,000 forfeited in Australian visa fraud crackdown; man jailed for submitting false migration documents
More than $580,000 has been seized by Australian authorities following an investigation into a visa fraud scheme linked to a 61-year-old man from the New South Wales Central Coast.The case centred on the misuse of Australia’s immigration system, including the Regional Sponsored Migration Scheme. Investigators claimed the man received large sums of money for helping…
G-Secs rally as govt and RBI ease foreign investing rules
MUMBAI: Bonds rallied after govt and RBI announced measures to encourage foreign investment in govt securities on Friday. The yields on benchmark 10-year govt securities (G-Secs) softened to 6.94% in early trades, from 6.99% on Thursday, after the govt said foreign portfolio investors (FPIs) would be exempted from long-term capital gains and withholding taxes on…
Government ready to take more measures to insulate economy
NEW DELHI: The Centre is ready to take more policy measures to help insulate the economy from the adverse impact of the West Asia conflict and will phase it out instead of rushing with announcements.The focus of these steps will be to ensure that there is enough availability of goods, raw material, inputs and finished…
Sneako Marriage Announcement: Sneako says he’s getting married, but there’s more to the story behind viral clip
Recently, Sneako trended after the release of a short video clip showing that he was to get married. In the short clip, he was seen making a marriage announcement through a passionate speech in an excited voice. This information gained popularity among many people on the internet. Everyone seemed to think that the streamer was…
RBI cuts growth, hikes inflation forecast as West Asia crisis bites
MUMBAI: Caught between a slowing economy and the risk of a fresh price spiral triggered by the conflict in West Asia, the RBI on Friday left the repo rate unchanged at 5.25%, cut its growth forecast for FY27 and raised its inflation projections, while signalling that the inflation threat could broaden economy-wide beyond fuel and…
Nick Polom reaches divorce agreement with Malena Tudi following $400,000 legal battle but one settlement detail grabs attention
Nick Polom and Malena Tudi (Image Via Getty) Twitch streamer Nmplol, whose real name is Nick Polom, has officially finalized his divorce from fellow streamer Malena Tudi. The update has quickly become a major topic of discussion online after details of the settlement surfaced. According to Dexerto, the divorce was completed as a no-fault case,…
AirTrunk unveils $30bn India data centre push
BENGALURU: Australian data centre operator AirTrunk has committed $30 billion to develop 5 gigawatts (GW) of data centre capacity in India by 2030, marking one of the largest investments in the country’s digital infrastructure sector and positioning India as a key hub for global AI and cloud infrastructure spending.The investment is expected to significantly bolster…
Mutual fund houses restrict investments into gold ETFs, FoFs
MUMBAI: Mutual fund (MF) houses are restricting large inflows into gold exchange traded funds (ETFs) and fund of funds (FoFs) feeding into such schemes in order to align with govt’s recent policy of discouraging people from buying gold.Three large fund houses–HDFC MF, ICICI Prudential MF and Nippon India MF–have restricted large inflows into gold funds….
