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finance ministry ordered state-run banks to review gold loan processes amid fears about risky debt given a rally in prices of the metal, said people familiar with the matter. The worry is that the surge led to lenders giving top-up loans over existing debt, said people familiar with the matter. In a February 27 letter to all PSU bank chiefs, the department of financial services (DFS), part of the finance ministry, has asked banks to review every gold loan account since January 1, 2022, assess the collateral value, analyse collection charges and check if there has been any evergreening. The concern comes amid a 17% rise in gold loans on a year-on-year basis and a 16.6% rally in the yellow metal's prices. Loans against gold jewellery stood at ₹1,01,934 crore as of January 26 and gold prices have touched a high of ₹65,140 per 10 grams on March 5. The finance ministry stated that it had noticed instances of non-compliance regarding the gold loan portfolio and had hence issued the directive.

crypto market during the fiscal year 2023-24 (FY23-24). According to Mudrex's platform data, Delhi topped among female crypto investors in FY23-24. This was followed by IT hubs Bengaluru and Mumbai. Analysis of Mudrex's data reveals insights into the geographical distribution of female investors in India. Among Indian cities, Delhi leads with 23% of female investors, followed closely by Bengaluru with 21%. Mumbai, Kolkata, and Hyderabad also contribute to the growing presence of female investors in the crypto space, demonstrating diverse participation across major metropolitan areas.

Sini Shetty, the reigning Femina Miss India World 2022, is poised to dazzle the world as she represents India at the 71st Miss World pageant, which returns to India after 28 years. So far, with her intelligence and charm, as well as her performances in the Top Model and Talent rounds, she has earned a spot in the Top 14, solidifying her status as a frontrunner in the competition. Shetty — who has a bachelor’s degree in accounting and finance — recently spoke to India’s leading business channel ETNOW, for its programme ETNOW Hangouts. Excerpts from the interview: You’ve spoken about how you’ve been through different facets of your life — being an accounting student and preparing for your Certified Financial Analysis (CFA) to become a financial analyst. How do you like to invest your money? Let me tell you how I got into accountancy.

salaried women while selecting a job, according to a study undertaken by DBS Bank and CRISIL. Salaried women seeking a stable income consider career growth as the topmost factor while picking a job, with 38 per cent choosing this option. This is followed by a competitive salary with 31 per cent of respondents choosing this option, followed by work-life balance and job security with 12 per cent and 11 per cent, respectively.

Electric vehicles promise cleaner air and less climate pollution. But a new analysis suggests that even a global all-EV fleet would perpetuate some of the most devastating impacts of cars and auto infrastructure. The modern world moves itself around in roughly 2 billion motor vehicles, 65% of which are cars. That’s 16 automobiles for every 100 people, but the rate of car ownership is much higher in richer industrialized countries, where cars give shape to cities and set the patterns of daily life. This fleet requires substantial, ongoing investment in roads and highways, car storage (or “parking,” in the jargon), oil exploration and fuel production, metals mining and manufacturing, insurance and much more. All of these activities levy regular costs in the form of fatalities and injuries as well as greenhouse gas emissions that cause climate change. A comprehensive review published last month provides a litany of what the authors call “car harm,” in estimated global totals of death, injury, disease and other miseries, over the course of automotive history. In part because the system “prioritises speed over safety,” as the authors put it, motor vehicles are responsible for one out of 34 deaths, or 1.7 million people every year, either directly or through pollution.

By Jonathan Stempel

Investor psychology can be fickle. Consider this common scenario: The stock market hits a rough patch, and skittish investors bail and park their money on the sidelines, thinking it a «safer» way to ride out the storm.

Following on from a report this week that shows rising confidence in private market investments, there’s a new analysis of the asset class from a leading investment manager in the space.

A proposal to tax high-earning Americans more as a way to address the fiscal challenges with Social Security and Medicare funding overlooks its broader impact on households and the economy.

In the dynamic landscape of cryptocurrency, where innovation drives market trends and investors seek the next big opportunity, predictions about the direction of the market hold significant weight. As anticipation builds for the anticipated 2024 bull run, a groundbreaking forecast has emerged from the realm of artificial intelligence: Cogwise AI predicts that AI projects will take the lead, with meme coins like Pepe, Floki, Shiba Inu, and Dogecoin following closely behind.

₹820 crore across multiple UCO Bank accounts. The agency had registered a case on November 21, 2023 on a complaint received from the UCO Bank. ALSO READ: UCO Bank says ₹820 crore erroneously credited to account holders, ₹649 crore recovered In the complaint It was alleged that between November 10 to November 13, 2023, IMPS inward transactions initiated from around 14,600 account holders of seven private banks were wrongfully credited in the accounts of over 41,000 UCO Bank account holders.

fuel consumption rose 5.7% year-on-year in February, government data showed on Thursday, helped by strong factory activity in the world's third-biggest oil importer and consumer. Total consumption, a proxy for oil demand, totalled 19.72 million metric tons (4.98 million barrels per day) in February, up from 18.66 million tons last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. Demand was up about 5.1% on a daily basis from the 4.74 mbpd (20.04 million metric tons) consumed in January.

stock market are increasing exposure to small- and mid-cap companies that are outperforming larger peers. The number of firms with more than 10% overseas shareholding rose to 275 on the BSE 500 Index as of December-end, versus 257 a year ago, according to a Bloomberg analysis of foreign institutional ownership data. The increase was largely fueled by minnows.

In a move towards full transparency, tech pioneers Conrad Lewis and Luke Appleton have revealed that their co-founded software development company Orbit Cosmos is the brains behind in-development blockchain game, Pikamoon.

About half of Medicare Advantage members left their plans by the end of five years, according to a study published in 2023

MUMBAI : Mumbai: Prudential Management and Services Pvt Ltd, a subsidiary of Mahindra & Mahindra's promoter group, has initiated a sale of up to 9.3 million shares, representing 0.75% of the company's stake, through block trades, according to term sheet, reviewed by Mint. According to the company's term sheet, the transaction is valued at ₹1777.7 crore ($215 million), and the shares are being offered at a price range of ₹1,911.5 to ₹1,970.65, apiece. Kotak Securities is overseeing the sale process.

Algotech (ALGT) defies expectations and makes a mark in the crypto market. In a presale frenzy, over 45 million ALGT tokens have been snapped up, leaving investors and enthusiasts in awe. Meanwhile, Cardano (ADA) grapples with its elusive $1 target.

—Name withheld on request It is always better to evaluate the corpus required for your financial goals as it can help you invest in a planned manner. One of the best ways to work on retirement corpus is to look at current expenses and add inflation to it. If we assume today that you are retiring and to maintain a lifestyle you and your spouse will need ₹75,000 every month, then after 10 years with an inflation of 6% per annum, you will need ₹1.35 lakh monthly at retirement to take care of the same expenses.

The Indian SaaS market is also expected to touch $37 billion in market size by 2028, from $12 billion presently, the analysis showed.

Investors have closely monitored electric vehicle (EV) pricing, as recent price cuts by automakers have raised concerns over demand elasticity, profitability, and how these adjustments affect EV affordability and their market share relative to internal combustion engine (ICE) and hybrid vehicles, Goldman Sachs analysts said in a Monday note to clients.