Experts Financial News

Reserve Bank of India (RBI) data showed that credit card transactions increased to Rs 1.7 lakh crore in January from Rs 1.3 lakh crore a year ago. In volume terms, the increase was 26%, to 330 million from 260 million, during this period. E-commerce transactions and bill payments formed more than half the total transactions, the data showed. Experts said the bulk of the online purchases were by the younger generation who also enjoyed the additional credit benefit of equated monthly instalments (EMIs) and ‘buy now, pay later’ (BNPL) schemes.

work from home (WFH) to championing work from office (WFO). Still, experts said once the dust settles, companies are likely to agree on a spectrum of working models from fully remote to hybrid to being in office. But right now, employers want to ensure that people actually show up in office, a push that's backed by changes in the job market. It's becoming an employers' market, said Arvind Usretay, senior director, commercial leader, India and South Asia, Mercer.

Credit card transactions surged 30% year-on-year in January despite regulatory restrictions on some business payments through this mode as reward points offered by banks were lucrative, as were the repayment terms, said experts. Reserve Bank of India (RBI) data showed that credit card transactions increased to ₹1.7 lakh crore in January from ₹1.3 lakh crore a year ago. In volume terms, the increase was 26%, to 330 million from 260 million, during this period. Ecommerce transactions and bill payments formed more than half the total transactions, the data showed. Experts said the bulk of the online purchases were by the younger generation who also enjoyed the additional credit benefit of equated monthly instalments (EMIs) and 'buy now, pay later' (BNPL) schemes.

Arvind Kejriwal continued as Delhi chief minister after his arrest, experts said that nothing barred him from remaining CM, though the future course of action would depend on Delhi's lieutenant-governor. Technically, Kejriwal can continue as CM till he is convicted in a case. However, there are other practicalities in administering a state from custody or jail. The jail manual lays down specifically that an undertrial is allowed meetings only twice a week. Conducting Cabinet meetings and maintaining secrecy of government files would be difficult if carried to the Tihar Central Jail. Undwrtrials are allowed only specific documents, including court applications and vakalatnamas. The practical difficulties, however, can be sorted if L-G Vinai Saxena exercises powers under the Prison Act to declare any facility as 'prison'. Former law officer of Tihar Central Jail Sunil Kumar Gupta told ET there have been at least two such precedents when earlier L-Gs exercised the power.

There can be ample roadblocks during a job hunt, including so-called «ghost» jobs.

An expert reasons that it is to do with the draining of two major lakes on the city’s eastern side — Varthur and Bellandur — that have kept the city’s underground aquifers underfed. Bangalore and its surroundings are a rainwater-fed civilisation. The nearest river, the Cauvery, is about 100 kilometres away, and can only meet the city’s water needs partially.

Vedanta Ltd are concerned about the lack of clarity on how their debt will be split among the various business units following the mining behemoth’s proposed demerger, said two bankers aware of the discussions. The lenders’ consortium, whose clearance is required for the merger to go through, is yet to schedule a meeting to decide on the matter. The bankers, who are part of the consortium, said the lead lender State Bank of India (SBI) has informed them that its subsidiary SBI Capital Markets (SBI Caps) is looking at the demerger proposal floated six months ago.

Certain Medicare patients may get help paying for the popular weight-loss drug Wegovy, as long as they also have heart disease

The Wall Street debut of Donald Trump’s Truth Social network could give him stock worth billions of dollars on paper

Reddit Inc's (NYSE:RDDT) stock price fell over 7% Friday, a day after the social media platform made its long-awaited market debut.

Cryptocurrencies are no longer on the fringe of finance, and some parents are exploring them as an investment to build their children’s future nest egg.

Arvind Kejriwal can continue as Delhi chief minister post his arrest by the Enforcement Directorate in an excise policy-linked money laundering case with legal experts on Friday saying there is no bar under the law which prohibits an arrested person from holding the post. Kejriwal was arrested by the ED on Thursday hours after the Delhi High Court refused to grant him protection from any coercive action by the central probe agency. While senior advocate Gopal Sankaranarayanan said there is no bar in law on a person continuing as chief minister once arrested, senior advocate Vikas Singh said though legally there is no bar, administratively it will be next to impossible. Kejriwal has not tender his resignation from the post of the chief minister. The Aam Aadmi Party (AAP) said he will continue as the chief minister of Delhi and if need be, he will run the government from jail.

Adani Group Founder Gautam Adani has welcomed the partnership with The Science Museum in the UK that had resulted in a new gallery, The Adani Green Energy Gallery. In a post on social media platform X on Friday, Adani said," Delighted to see the new 'Energy Revolution: The Adani Green Energy Gallery' becoming a reality in partnership with the Science Museum in London. This landmark gallery will showcase the scientific vision of a sustainable future, powered by renewables and low carbon technologies. #SustainableFuture #GreenEnergy." According to the website of the UK Science Museum, 'Energy Revolution: The Adani Green Energy Gallery' uses both recognisable and surprising objects plus interactive exhibits to highlight how we can journey to a more sustainable future--and our role in achieving that low carbon world.

By Elvira Pollina and Martin Coulter

Stock market today: Shares of the Indian Renewable Energy Development Agency (IREDA) Limited witnessed strong buying interest during early morning deals on Friday. IREDA share price today opened upside at ₹133.70 and went on to touch an intraday high of ₹136.40 apiece on NSE, logging an intraday rise of over 3 percent in the early morning session.

Also Read: EMI bounce rate improves to a five-year low indicating no material signs of risk build-up It noted that some of the banks have reduced the excess cash on the balance sheet to fund credit growth in the recent period, thereby delaying deposit growth and protecting margins. However, it believes most of these levers are now largely exhausted and, thus, banks will have to mobilize deposits to incrementally fund credit growth.

₹516.35 on BSE in morning trade on Friday, March 22 ahead of its analyst meet. Sterling and Wilson share price opened at ₹513.85 against the previous close of ₹491.80 and soon jumped 5 per cent to hit its upper circuit limit.

Stock market today: After weak guidance delivered by Accenture, the share price of the global IT major crashed over 9 percent at the New York Stock Exchange (NYSE). This led to a drop in the ADR (American Depository Receipt) shares of the Indian IT majors Wipro and Infosys. Accenture share price witnessed a sharp sell-off after the IT giant revised its full-year revenue growth expectation to 1 percent to 3 percent, which is lower than the early estimates of 3 percent to 5 percent.

Stock market today: Following strong global market sentiments after the US Fed meeting, the Indian stock market shifted into a decent follow-through upside move on Thursday and ended higher on second day in a row. The Nifty 50 index gained 172 points and closed at the 22,011 level, the BSE Sensex shot up 539 points and ended at the 72,641 mark while the Bank Nifty index finished 374 points higher at the 46,684 level.

We humans are a sceptical bunch. When new technologies emerge, we view them with apprehension, worrying about their potential negative impact on our lives and future. However, as they reveal their wonders, we often embrace them without question, placing our trust in their ‘capabilities’ without fully considering the consequences.

AI fakery is quickly becoming one of the biggest problems confronting us online