A research report highlighted that even if the Reserve Bank of India (RBI) announces a rate cut, deposit costs in the banking system are expected to remain high due to the prevailing high credit-to-deposit ratio.
The IRDAI is set to implement new rules from October 2024, mandating higher surrender pay-outs for policyholders who exit their policies early. This change is expected to negatively impact insurers' margins in the second half of FY25, as per the report.
Indian bonds currently appear neutral to slightly attractive compared to the equity market, as well as their own historical performance during previous rate-cutting cycles, highlighted a report by SBI Mutual Fund.
Shafi Muhammad Burfat, founder of Jeay Sindh Muttahida Mahaz, claimed that Pakistan's armed forces and intelligence agencies are attempting to create tension between the Baloch and Pashtun communities to incite conflict and divert attention from their propaganda. This strategy undermines sol
Tata Consultancy Services (TCS) posted a 1.1 per cent quarter-on-quarter (QoQ) fall in net profit for the second quarter ended September 30 to Rs 11,909 crore, but is 5 per cent up (YoY).
The decision was made with a majority vote of 5 out of 6 MPC members. The standing deposit facility (SDF) rate remains steady at 6.25 per cent, while the marginal standing facility (MSF) rate and the bank rate are both maintained at 6.75 per cent.
As Bharatiya Janata Party edges towards a win in the Haryana assembly, Union Minister Hardeep Singh Puri welcomed the results and hailed the leadership of Prime Minister Narendra Modi for a convincing "hat-trick" win in the state elections.
Omar Abdullah won both the assembly constituencies he was contesting in Kashmir on Tuesday. He won the Budgam seat by a margin of 18,485 votes against Jammu and Kashmir Peoples Democratic Party's Aga Syed Muntazir Mehdi. In Ganderbal, he won by a margin of 10,574 votes.