Credit provided by India’s capital markets could eventually surpass bank lending, Kotak Mahindra AMC managing director and CEO Nilesh Shah said on Tuesday, underscoring a structural shift in how the economy is financed.Speaking at an event in Mumbai, Shah said credit, which was traditionally dominated by banks, is increasingly being provided by capital markets and…
Check out the companies making the biggest moves midday: Gogo — The in-flight Wi-Fi provider dropped 10% after announcing an investment in satellite communications company Farcast . The terms were not disclosed in the announcement. Exxon Mobil — The oil giant jumped 2.7% after it updated its corporate plan through 2030. Exxon said it now…
Multiple factors are affecting the rupee negatively. (AI image) The Indian rupee is under pressure and has been hitting new lifetime lows – crossing the 90 mark versus the US dollar. The rupee has depreciated 4.9% against the dollar in 2025, positioning itself as the third-worst performer among 31 major currencies, surpassed only by the…
CHANDIGARH: Chief minister Bhagwant Mann on Tuesday held a meeting with representatives of Korean companies, highlighting Punjab’s transformation into a stable, transparent, and future-ready investment destination to attract foreign investment.Addressing business leaders on the concluding day of his South Korea visit, the chief minister said Punjab’s robust industrial ecosystem, reliable and cost-competitive power, peaceful labour…
US job openings showed little movement in October, signalling a cooling labour market at a time when the Federal Reserve is weighing another interest-rate cut amid mixed economic cues.Employers posted 7.67 million vacancies in October, almost unchanged from 7.66 million in September, according to the Job Openings and Labor Turnover Survey (JOLTS) released by the…
The Middle East has a chance to become “the Switzerland of the 21st century” by embracing bitcoin-backed banking, credit, and digital money, said Strategy (MSTR) Executive Chairman Michael Saylor. In a wide-ranging presentation at Bitcoin MENA, Saylor urged the region to seize what he described as a $200 trillion opportunity by enabling banks to custody…
Airlines will make less profit flying a passenger across continents than Apple earns from selling an iPhone cover, International Air Transport Association (IATA) director general Willie Walsh said on Tuesday, underlining the industry’s persistently weak margins, PTI reported.Releasing the global aviation industry’s financial outlook for 2026, IATA projected total net profits at $41 billion next…
NEW DELHI: Veteran Congress leader Sonia Gandhi on Tuesday celebrated her 78th birthday inside the Parliament complex as the House discussed electoral reforms.Congress party shared images in a post on X, in which Sonia was seen cutting a cake in the Congress Parliamentary Party office as several Members of Parliament from INDIA bloc parties joined…
Regional bank Fifth Third on Tuesday announced a deal making fintech firm Brex the provider of its commercial cards and expense management tools for business clients. The program will run on Brex’s embedded payments platform, which lets banks issue corporate cards and automate expense reporting using artificial intelligence tools, the companies said in a release….
Tempo, a payments-focused blockchain backed by Stripe and crypto investment firm Paradigm, has launched its public testnet, a key step in its effort in making stablecoin payments for mainstream use. Tempo has also unveiled a roster of new additions to the network’s partner group, including buy-now-pay-later firm Klarna, predictions market Kalshi, payments giant Mastercard and…
