As Yieldstreet tries to distance itself from a rocky past with a new name and ad campaign, its customers are dealing with a present reality that is increasingly dire. The private markets investing startup, freshly rebranded as Willow Wealth, last week informed customers of new defaults on real estate projects in Houston, Texas, and Nashville,…
Silver soars to a record high, Indians rush to cash in!The India Bullion & Jewellers Association (IBJA) estimates that about 100 tonnes of old silver were sold in just one week, a volume that typically takes several months to surface. Under normal circumstances, the domestic market receives only 10–15 tonnes of old silver in an…
MUMBAI: Reserve Bank of India’s Deputy Governor, Poonam Gupta, has responded to recent International Monetary Fund (IMF) comments questioning the quality of India’s growth data and classifying the Indian rupee’s exchange rate regime as a “crawling peg” within a managed float system.On the concern regarding data quality, Gupta said that the IMF’s critique is more…
Gold prices saw a notable rise on Friday, tracking strong global trends, as investors awaited crucial US inflation data that may influence the Federal Reserve’s future interest rate decisions. On the Multi Commodity Exchange (MCX), February gold futures rose by Rs 751, or 0.58%, settling at Rs 1,30,829 per 10 grams, with a total turnover…
Netflix is one step closer to pulling off one of the biggest entertainment takeovers in recent history. The streaming giant is now in exclusive negotiations to purchase Warner Bros Discovery’s film and television studios, as well as its streaming businesses, after putting forward an offer priced at $28 per share, according to a source with…
With a 1.25% repo rate cut this calendar year, RBI has managed to put more money in your pocket. (AI image) Loan borrowers – whether home, car or personal, have been given an early New Year cheer by the Reserve Bank of India (RBI). The Monetary Policy Committee (MPC) has cut the repo rate by…
MUMBAI: Home loan rates are set to drop to levels last seen before the global financial crisis in 2008, with the RBI’s monetary policy committee reducing the repo rate by 25 basis points to 5.25%.Several banks — Union Bank, Bank of India, Bank of Maharashtra and Indian Overseas Bank — currently offer home loans at…
Kerala Chief Minister Pinarayi Vijayan on Friday said that his party, the CPI(M), will decide whether he should lead the party-led LDF in next year’s Assembly election.The veteran CPI(M) leader was speaking at the ‘Meet the Press’ programme organised by the Ernakulam Press Club ahead of next week’s local body polls, which are considered a…
Sovereign wealth funds were buying the dip in bitcoin BTC$91,392.19, according to BlackRock CEO Larry Fink. “We’re seeing more and more legitimate, long-holding investors investing in it,” Fink said Wednesday at the New York Times DealBook Summit in New York. “I can tell you there are a number of sovereign funds […] they are adding…
Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any specific price level or band for the rupee, and allows the currency to find its own “correct” value in the market, even as it hovers near the 90-per-dollar mark, PTI reported. “We don’t target any price levels or any bands….
