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Mint in the week gone by. India's current account deficit (CAD) declined to 1% of the gross domestic product in the September quarter, down from 1.1% in the last quarter. The mutual fund industry's assets under management climbed to a new peak in 2023 as growth in folio count and unprecedented inflows from systematic investment plans (SIPs) indicate growing investor confidence.

US presidential primary election, according to Reuters reports. With this, it has become the second state to bar the former president for his role in the January 6, 2021 attack on the Capitol.

Smriti Irani was responding to a question on Gandhi's proposed yatra on the sidelines of an event in Amethi, PTI reported. Irani is on a two-day visit to her parliamentary constituency Amethi. She had defeated Rahul Gandhi in Amethi in the last Parliamentary election.

DMI Finance and Aditya Birla Finance are trying to scoop up fintech lending startup ZestMoney in a firesale, two people in the know of the matter told ET. The talks are still going on but the deal could get signed soon, they added.

Ecommerce giants Amazon and Flipkart's cumulative ad revenue rose 39% to Rs 8,705 crore in the fiscal year through March 2023, as advertisers across categories used the platforms amid growth in their user base, as per data filed by the companies with the Registrar of Companies (RoC). In FY23, Amazon Seller Services, the marketplace arm of Amazon, recorded 29% growth in ad revenue at Rs 5,380 crore, according to the RoC filings sourced from business intelligence platform Tofler. For Flipkart Internet, the marketplace arm of Flipkart, revenue from this segment rose 60% to Rs 3,325 crore.

Siddhartha Mohanty requested regulators to allow the insurance giant access to a central bank database on large firms while pushing for more assets to be made available for insurers to invest in. «It will be a little selfish to say, with regards to LIC, when multiple regulators are there, there are certain issues. Some issues will be process-related and some policy-related,» Mohanty said at an event organised by State Bank of India. «Like a small issue, suppose the CRILC (Central Repository of Information on Large Credits).

Pop star Cher has filed for a conservatorship of her son Elijah Blue Allman over claims that his life is “at risk” due to “severe mental health and substance abuse issues.”

IPO) in the world after China in 2023, according to data from Bloomberg. The world's most populous and fastest-growing economy recorded 240 IPOs during the year helped by a steady inflow from domestic investors amid a buoyant stock market.

Perpetuals trading protocol Levana has fallen victim to an oracle attack, resulting in a loss of $1.14 million.

A privacy advocate has alleged that the Ledger Live wallet software monitors its users and gathers information about them.

Covid-19 cases continued on Thursday, with 702 new infections reported across the country, according to the data from the ministry of health and family welfare. With this, the country's active caseload stands at 4,097. Six Covid-related deaths were also reported, with two deaths reported in Maharashtra and one each in Karnataka, Kerala, West Bengal, and Delhi within the last 24 hours.

Perception of riskiness of the Indian banking system has improved in relation to the global financial system, but the contagion risk has risen due to a merger in the sector though it is not a cause of worry, the RBI said without naming HDFC and HDFC Bank that merged this year. «Macro stress tests for credit risk showed that SCBs (scheduled commercial banks) have sufficient capital buffers and even under adverse stress scenarios their capital ratios will remain above the regulatory minimum,» said the RBI's 28th Financial Stability Report. «Wider adoption of technology in the financial system amidst a new wave of innovations also poses new challenges for financial stability that would require suitable risk mitigating regulatory and supervisory actions.» Indian banks are making record profits with rising income from lending and sliding provisions for bad loans.

asset-liability positions by trimming dependence on short-term borrowing and increasing preference for long-term funding sources, but in case of extreme liquidity conditions, 34 firms may face stress, the Reserve Bank of India said. «The results (of stress scenarios) indicate that the number of NBFCs, which would face negative cumulative mismatch in liquidity over the next one year in the baseline, medium and high-risk scenarios, stood at 6, 17 and 34, respectively,» the RBI said in its December 2023 Financial Stability Report. Under the RBI's stress scenario, six NBFCs represent 1.3% of the asset size of the sample, 17 non-bank firms represent 10.4% and 34 firms account for 15%, respectively. Based on five-year data, a study of the asset-liability management profile of the top 50 NBFCs showed that 76% of bonds issued by the non-bank lenders had a residual maturity of up to five years in September 2023, down from 88% in September 2018. This indicates elongation in the maturity of bonds, the RBI said.

RBI) on keeping idle funds abroad, is forcing them to close their overseas bank accounts. At least two large British banks, one Swiss lender and a leading Emirates financial institution have snapped their relationships with more than two dozen resident Indians in the past two months, according to service providers and tax practitioners advising these individuals. They had opened the bank accounts by transferring funds overseas under the RBI’s Liberalised Remittance Scheme (LRS) which allows a local person to invest up to $250,000 a year in stocks, properties, and for maintenance of relatives among other things.

China’s Supreme Procuratorate has reportedly disclosed the details behind the seven-year prison sentence given to the founder of the over-the-counter (OTC) crypto trading desk RenrenBit, Zhao Dong.

Fox News real estate contributor Katrina Campins breaks down the housing market on ‘Cavuto: Coast to Coast.’

NEW DELHI : Market regulator Securities and Exchange Board of India (Sebi) on Thursday said it might ease the proposed rumour verification norms applicable for the top 100 listed companies, after several firms raised concerns. In a fresh discussion paper on Thursday, Sebi has proposed changes to rules for verification of market rumours, tweaking of a 24-hour timeline for verification, and proposed some changes in rules regarding pricing of preferential issuances, buybacks and deals.

Mint. On 31 October, several individuals, including Congress leader Shashi Tharoor, party president Mallikarjun Kharge and Aam Aadmi Party politician Raghav Chadha, were sent a threat notification by Apple that suggested government hackers had attempted to hack their iPhones.

unemployment benefits rose last week, indicating the labour market continues to cool in the year's fourth quarter. New state unemployment benefit claims rose by 12,000 last week to 218,000, according to the Labor Department.

₹50,000 had at least one overdue personal loan. Das said the health of the financial system is steadily improving on the back of multi-year high earnings, low level of stressed assets, and strong capital and liquidity buffers at financial institutions. “We have made significant progress since the onset of the covid-19 pandemic in steering the economy and the financial system.

MUMBAI : Rajiv Jain-led GQG Partners has accounted for more than a fourth of the entire net foreign portfolio investment (FPI) inflows into India in 2023. Of that investment, more than 80% went into the Adani Group, and the rest into five other listed companies. Returns on the investments, too, were impressive.