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credit delivery, the deputy governor of the Reserve Bank of India, Swaminathan J said on Wednesday. Speaking at a conference of Lead District Managers and District Development Managers in Hubballi, Karnataka, Swaminathan said that banks need to improve usage and quality of services to promote financial inclusion. “India has made significant strides in enhancing ‘access’ to banking and financial services, reaching even the most remote areas,” Swaminathan said. “However, there is stillconsiderable ground to cover in deepening financial inclusion. This requires greater focus on promoting ‘usage’ and improving the ‘quality’ of services.”

In October last year, when the trust's discount stood at nearly 60%, the board proposed a change to the capital allocation policy, with the aim of returning the first £100m of cumulative future realisations to shareholders, subject to it retaining a liquidity buffer.  Under the proposed changes, Chrysalis would maintain a working capital or liquidity buffer of up to £50m to ensure funds are available to support portfolio companies, if needed, as well as to cover fees and other running costs of the business. In a stock exchange notice today (25 September), the trust said the debt facil...

Canara Bank slipped 1.55 per cent to Rs 107.6 in Wednesday's trade as of 12:57PM (IST). It hit a high of Rs 109.35 and low of Rs 107.3 during the session. The stock quoted a 52-week high price of Rs 129.35 and a low of Rs 68.44. The return on equity for the stock stood at 18.4 per cent. About 635,148 shares have changed hands on the counter so far.

California avocado growers are fuming about a U.S. decision to hand over pest inspections of Mexican orchards to the Mexican government

A federal jury has determined toy maker MGA Entertainment must pay $71.5 million in damages for infringing on the name and likeliness of teen pop group OMG Girlz with one of its popular lines of dolls

Maharashtra assembly polls, Union Home Minister Amit Shah has met Chief Minister Eknath Shinde as well as Deputy CMs Devendra Fadnavis and Ajit Pawar in Chhatrapati Sambhajinagar. Though details of the meeting, which took place on Tuesday night, were not known, CM Shinde later said the meet was positive and «everything was going on smoothly.» After the meeting, when reporters asked Shinde at the city airport about seat-sharing, the CM said, «The meeting was positive and a decision will be taken soon. Talks are moving ahead positively with co-ordination.» Senior BJP leader Amit Shah is on a two-day visit to Maharashtra from Tuesday.

Subscribe to enjoy similar stories. If I had got even ₹10 for each time I was asked a version of this question, I could have a few lakhs on this account alone! And the question is: What’s the next HDFC Bank or Amazon that we can buy and forget for 25 years? Or can you tell me one stock I can buy for my infant daughter or son so that they have a huge corpus when they grow up? First the back story. First Global had a ‘Strong Buy’ on Amazon at a price of $15 (split-adjusted $0.75) back in 2001, post the tech crash.

BEIJING — China's slowing economy needs more than interest rate cuts to boost growth, analysts said.

Jaishankar highlighted India's role as co-chair of Working Group 1 in global efforts to combat the illicit manufacture and trafficking of synthetic drugs. He was addressing the Summit for the Global Coalition to Address Synthetic Drug Threats on Tuesday (local time). Taking to social media platform X, Jaishankar stated that India had faced a lot of challenges due to the nexus between terrorist organisations, narco-trafficking and cross-border rackets.

«It is important to preserve what we have made. Last two-three years the returns have been very-very good. So, maybe a little more prudent and balanced approach will ensure that we preserve these returns,» says Gurmeet Chadha, Complete Circle Consultants. Not pure play commodities, but commodity stocks definitely, and in particular metals after China talking about a slew of measures and a fair amount of rate cuts as well coming in in the remainder part of the year too, that sort of instilled a sentimental move on metals. But would you look at it from an investment point of view? Gurmeet Chadha: We got to be more tactical when it comes to metals and commodities. They have announced a host of measures which clearly tells you that now they have to resort to more stimulus to revive the economy. And also, traditionally, if you see a weak dollar in the rate cuts, I am not saying weak in like absolute sense, but a relatively weaker dollar is always positive for commodities.

Rajat Sharma, Founder & CEO, Sana Securities, says stick to largecaps, stick to stocks where you still see value, be prepared to take a 10-15% dip because even if it happens, it is going to bounce back really sharply. Further, Sharma says he likes FMCG stocks like ITC, Britannia, and Dabur where he sees a lot of value. Earlier, he used to find private banks really expensive. But right now, he thinks Axis Bank and HDFC Bank make a very compelling case to buy. What are you making of the market right now, given the global construct – not just the Fed rate cut, but the measures from China as well earlier this morning and now our stint with Peak 26,000 and then straight away an 80-point fall from there? Rajat Sharma: Compared to the way markets have gone up, 80-100 points move is just a blip. These days when I talk to clients and when I invest money, I tell them upfront that 10% to 15% correction from here should not bother you and if it does, then wait before you get into the markets because since April, the markets have run up quite aggressively. We were trading at a multiple of around 22 that time, now we are trading at a trailing multiple of 24 and this is after four years back, we changed how we calculate the price earnings from standalone to consolidated.

Subscribe to enjoy similar stories. “Sapne dekhna achhi baat hai", a short video of Benjamin Joby reciting an inspirational quote starting with this phrase--Hindi for ‘it’s good to dream’--has gone viral. The clip, posted from his handle @benjamin_p_joby with 185,000 followers on Instagram, has been shared by twice the number of users.

Zelenskyy this year, stressed upon India's consistent approach for reaching a peaceful resolution of the Russia-Ukraine conflict through diplomacy and dialogue as well as engagement between all stakeholders, indicating that Moscow should be part of any peace talks. Modi conveyed to Zelenskyy that India remains open to giving all support within its means to facilitate a lasting and peaceful resolution of the conflict, according to a ministry of external affairs statement issued after the two leaders met in New York on the sidelines of the UN Future Summit on Monday. India has been insisting on Russia's presence in peace talks for durable peace. Later, briefing reporters, foreign secretary Vikram Misri said, «Our prime minister recalled his visit to Kyiv, their discussions on all matters, the bilateral issues, as well as issues surrounding the Russia-Ukraine conflict. President Zelenskyy was very appreciative of India's attention to these issues and said that the prime minister's visit had been highly appreciated. And he thanked the prime minister for efforts that he was making for peace and a pathway to finding a way out of this conflict.»

Competition Commission of India (CCI) on Tuesday approved the proposed acquisition of stakes in Home Credit India Finance by TVS Holdings, STPL, Premji Invest Group as well as other related transactions. The deal includes acquisition of 80.74 per cent, 8.47 per cent and 10.79 per cent of the issued and paid-up share capital of Home Credit by each of TVS Holdings Ltd (TVSH), STPL Trading and Services Pvt Ltd (STPL), and PI Opportunities Fund-II (PIOF), respectively. The regulator also granted its nod for the acquisition of 2.6 per cent, 4.3 per cent, 2.7 per cent, and 90.4 per cent of the equity share capital of STPL by K Gopala Desikan, Anuraag Agarwal, V Ganesh, and GWCF, respectively.

The Liberal government’s latest efforts to make it easier for young Canadians to buy a home will also help fix the housing supply crunch, Finance Minister Chrystia Freeland argued Tuesday.

US consumer confidence unexpectedly dropped in September on labor market concerns, according to survey data published Tuesday, signaling dampening optimism about the economy as November's presidential election approaches. That could prove challenging for Democratic Vice President Kamala Harris given the economy remains a top issue for voters ahead of the election, in which she is running against Republican former president Donald Trump. The Conference Board's consumer confidence index fell sharply to 98.7 in September, down from a revised 105.6 last month.

Subscribe to enjoy similar stories. New Delhi: In the early days of the integration between second-tier technology services companies Larsen & Toubro Infotech (LTI) and Mindtree, the LTI team went out of its way to make the acquired company’s staff comfortable. “It appeared to be very democratic.

AAP leader Kailash Gahlot said he is former chief minister Arvind Kejriwal's 'Hanuman' and will clear all his pending works, as he took charge in the Atishi-led Delhi government on Tuesday. This comes a day after Chief Minister Atishi referred to the Hindu epic Ramayana and said her situation was like that of Lord Ram's brother Bharat who had to rule Ayodhya after Lord Ram went into exile for 14 years. «It is Tuesday today, the day of Hanumanji, and I will work like Hanuman of Arvind Kejriwal and clear all his pending works. The AAP worked well under his leadership and tried to establish Ram Rajya,» Gahlot said after taking charge as the minister for transport, home, administrative reforms and women and child development. The AAP MLA from Najafgarh has retained the same portfolios he held in the Kejriwal-led government.

A core principle of taxation is that taxpayers have the right to pay no more — and no less — than what is required by law.

NetApp president and chief executive officer, George Kurian said. “It (AI) is expected to transform and deliver 50% of the automation and efficiency improvements for large parts of the work we do. It is expected to transform the way we interact with each other. To put that in perspective, $7 trillion of annual labour productivity improvements will happen over the next decade,” Kurian, who is also a member of the board, said in his keynote address at the NetApp Insight 2024. There has been significant progress in AI’s capability to understand and analyse data over the last year, which has come a long way from the technology’s ability to understand handwriting, followed by speech, image and object recognition. However, this has transformed multi-fold over the last few years as AI can now understand without human involvement the domains in which it operates and switch domains as well, he said.

Subscribe to enjoy similar stories. The month-old bar Bombay Daak in Mumbai champions the spectacular diversity of India’s drinking culture. Its menu is inspired by local dive bars, gymkhanas as well as drinking traditions in families across communities.