Interviews Financial News

India's pace of economic expansion in FY24 could be close to 8%, likely topping earlier official estimates, said central bank governor Shaktikanta Das. Pointing to the latest high-frequency indicators of growth, Das said, «Now that we have numbers for three quarters… Our sense and understanding of ...the momentum of economic activity tell us this 5.9% growth in the fourth quarter could be exceeded.» He also spoke about the recent Reserve Bank of India (RBI) action in the payments sector, challenging what he termed «a narrative building up» that the regulator had taken measures against fintech companies. Das said RBI's action was against a regulated entity — Paytm Payments Bank. «Fintech companies are not regulated by RBI unless they are NBFCs,» he said.

By David Shepardson

ExxonMobil CEO Darren Woods, in a Fortune interview last week, said, 'We have opportunities to make fuels with lower carbon in it, but people aren't willing to spend the money to do that.' Ergo, the public is to blame for still showing little intention of moving away from gobbling petro dishes. This is much like blaming people, not the easy availability of guns in the US, for gun crime — 'If they moved to knives, America would indeed have had gun control.' Or, as a climate economist put it, 'It's like a drug lord blaming everyone but himself for drug problems.' But let's take Woods' claim seriously for a minute.

Israel and Hamas war has entered its fifth month. Skirmishes that inflated into a genocidal war Israel unleashed upon Gaza in retaliation has now killed over 30,000 Palestinians.

Paytm wallet users will not face any disruption because of regulatory actions, and the remaining users have been advised to link their apps to other banks, RBI Governor Shaktikanta Das said on Wednesday. The Reserve Bank of India on January 31 barred Paytm Payments Bank Ltd (PPBL) from accepting deposits, credit transactions, or top-ups in any customer accounts. The deadline for linking the wallet attached with PPBL with other banks has been fixed for March 15, the governor said, ruling out any further extension.

By Swati Bhat

ZURICH (Reuters) — The chief executive of Swiss bank UBS chastised European regulators for letting the United States get ahead in banking since the financial crisis, amid continuing debate over the future of global mega banks.

IIFL Finance, JM Financial and even Paytm Payments Bank. The central bank on March 4 had imposed an embargo on IIFL Finance’s gold loan business and then on JM Financial Products’ loan against shares & IPO financing business the next day, citing persistent regulatory non-compliance and governance issues.

Investing.com-- Bitcoin pared a bulk of its losses in Asian trade on Wednesday, remaining within sight of a record high as steady capital flows into U.S. spot exchange-traded funds and anticipation of a “halving” event kept buyers in play.

BPSC BAO 2024: The Bihar Public Service Commission (BPSC) released answer keys for various recruitment examinations held for the Bihar Agriculture Department on Tuesday, March 5. Candidates can check answer keys on the official website of the commission at bpsc.bih.nic.in. The commission has published question booklets of these examinations along with provisional answer keys.

Investing.com--Apple Inc's (NASDAQ:AAPL) recent stock rout presents a buying opportunity, Dan Ives, Managing Director at Wedbush Securities said in an interview with CNBC on Tuesday, citing upside potential from the iPhone maker’s eventual integration of artificial intelligence. 

Market Local Currency Government Index, making it the latest global index to incorporate local sovereign debt. It also paves the way for Indian debt to potentially become part of a considerably larger Bloomberg index that encompasses trillions of dollars of debt. «This step for our EM local index is very significant and will really allow investors to understand the ecosystem around Indian government bonds. Assuming India maintains its investment-grade status, we will continue to keep India on review for the (Bloomberg) Global Aggregate Index,» Nick Gendron, global head, fixed income index product, Bloomberg Index Services, told ET in a video interview. «The global aggregate is an index that is intended to measure the entirety of the investment-grade market. It's managing over $60 trillion in debt. We will stay close to our clients as to their experiences in investing in India and we will keep that dialogue open.»

Harry Styles and Taylor Russell emerged eight months ago, the duo has managed to keep their relationship largely under wraps. Despite being spotted together at various events and occasions, neither Styles nor Russell has publicly acknowledged their romantic involvement. However, recent media reports suggest that the Watermelon Sugar High singer might be ready to take a significant step forward.

Flair Airlines CEO Stephen Jones says he still hopes to add several Lynx Air planes to his fleet, even after their tentative deal fell through when Lynx shut down last month.

Margrethe Vestager said. Just days before the Digital Markets Act comes into force Vestager said in an interview with Bloomberg TV that she’s most concerned about smaller app stores being given fair access to operating systems run by companies that dominate the market like the likes of Apple Inc., Alphabet Inc.’s Google, and Microsoft Corp.

Finance Minister Atishi said on Tuesday, adding she expects it to translate into more women votes for the AAP in the Lok Sabha polls. Atishi presented her maiden budget with an outlay of Rs 76,000 crore in the Delhi Assembly on Monday. In an interview to PTI, Atishi said the Mukhyamantri Mahila Samman Yojana will be notified after the Model Code of Conduct for the Lok Sabha polls is lifted and expressed hope that the scheme will roll out from September-October. Another key scheme that will be rolled out in the 2024-25 fiscal is the Business Blasters scheme in Delhi government-run universities.

Justice Abhijit Gangopadhyay, has declared his decision to step down from his position, preceding his retirement later this year. Renowned for his adjudications on education-related matters, Justice Gangopadhyay revealed to a TV channel his intention to delve into politics. «I am going to resign from the post of a judge in High Court Calcutta. For the last two or more years I have been dealing with some matters, especially education matters, regarding which a huge corruption has been discovered and unearthed. A large number of important persons in the education sector of this government are now languishing in jail, under trial,» he told ANI. «Thereafter, now I am taking labour matters. There are also large scams of employers concerning provident fund gratuity, etc. I have also passed certain orders in those respects. But what I have failed while doing these matters of labour matters, labour legislation, that I have felt that my job in this duty is over. This is the call of my conscience,» Justice Gangopadhyay said.

“Shark Tank” billionaire investor Mark Cuban weighed in on Bitcoin’s recent rally, stating that he has invested in the cryptocurrency due to its strong capability as a store of value.

palm oil prices relative to other edible oils in the near term, according to veteran trader Dorab Mistry. Production in top grower Indonesia may fall by at least a million tons in 2024, while Malaysian output could remain flat, said Mistry, a director at Godrej International Ltd. The trend is likely to last at least five years, as the industry contends with aging trees, erratic weather and little improvement in farming practices, he said in an interview. “I think you have to be reasonably bullish on all oils, but particularly palm,” due to output constraints, he said on the sidelines of the Palm & Lauric Oils Price Outlook Conference in Kuala Lumpur. While production of other oilseeds is set to climb this year, “palm is unfortunately the laggard,” he said.

By Yuka Obayashi and Ritsuko Shimizu

Connie MacIntosh was working as a social service worker in Pond Inlet, a tiny hamlet in Nunavut, when her phone rang.On the line was a representative from a company operating group homes for youth in southern Ontario, more than 3,000 kilometres away.She said the caller had a request: they wanted kids from Nunavut.“They would call up and go like, ‘We’ve got three empty beds,’” said MacIntosh, who was a supervisor for Nunavut’s Department of Family Services between 2012 and 2017 and is now retired.“Well, what do you expect me to do? Go out and apprehend three kids to send them to you?”A months-long Global News investigation has found that amid a backdrop of what workers describe as aggressive targeting and recruitment efforts, Nunavut was billed 53 per cent more per day, on average, for a child to live in an Ontario group home compared with what children’s aid societies in Ontario paid.The government of Nunavut is responsible for placing kids into group or foster care arrangements. Over the last four years, it spent millions sending its youth outside the territory.Despite that, Global’s investigation found that some kids and teens received inadequate care when sent south, according to internal government emails, group home inspections, and interviews with more than 45 former group home workers, former government staff and other Inuit child-welfare experts.“It’s more money.