Asian markets opened on a weak note on Tuesday, as most indices slipped into the red as investors reacted to trade tensions and political developments in Japan. In US, markets remained closed for the Martin Luther King Jr Day holiday.Hong Kong’s HSI was up 35 points to 26,599. Nikkei trimmed 519 points or 0.97% to…
NEW DELHI: In a significant development in the blockbuster weight loss drug space, Delhi High Court has allowed Dr Reddy’s Labs to manufacture and export semaglutide, ruling that the patent held by Novo Nordisk is prima facie invalid, legal experts told TOI.The move is expected to boost confidence among domestic companies to pursue plans to…
Multinational bank Barclays (BARC) is exploring the creation of a blockchain platform for payments and other processes, Bloomberg reported on Friday. The London-based financial services giant is consulting with prospective technology providers on the development of such a platform that would see it rival JPMorgan (JPM) and others in using decentralized technology for banking services….
NEW DELHI: Senior counsel appearing for Congress parliamentary party chairperson Sonia Gandhi on Tuesday sought time from a Delhi court to file a reply in a revision petition challenging the inclusion of her name in the electoral rolls. The panel has cited that the records in question are several decades old. The court has now…
MUMBAI: Reserve Bank of India has tightened recovery and repossession norms to curb harassment and improve borrower protection. The draft amendments require banks to first resolve borrower complaints before starting recovery. Lenders must also disclose the identity of the recovery agent before contact.The changes are part of the draft second amendment to the directions on…
NEW DELHI: India’s plan to acquire another five squadrons of the S-400 Triumf air defence systems as well as a large number of its surface-to-air missiles for already inducted systems, which performed exceedingly well during Operation Sindoor, are likely to figure in discussions during the Modi-Putin summit here on Dec 5.However, India is yet to…
Mumbai: Lending through credit cards has come under sharper scrutiny as banks turn cautious amid signs of stress in the segment along with two-wheelers, commercial vehicles and micro loans against property. However, overall retail asset quality remains stable, TransUnion Cibil’s credit data for the Sept quarter showed.“In recent quarters, credit card originations declined while delinquencies…
Bitcoin retreated to five-day lows during as repeated failures to break through $94,500 reinforced a tight trading range. Source link
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Gold’s breakout above $5,000 is beginning to look less like a spike…
In Bihar’s political theatre, irony has always been the opening act, and Nitish Kumar, the master of reinvention, once again turned contradiction into victory.With the National Democratic Alliance (NDA) sweeping the assembly elections by surging past the half-way mark, one wonders what could have been the X-factor that made the people of one of the…
