Bank of America’s profit declines due to reduced interest payments from customers
Bank of America Quarterly result:
In the first quarter, Bank of America experienced a decrease in profit as its consumer division weakened and it wrote...
Morgan Stanley predicts that there won’t be any rate cuts from the RBI this fiscal year.
Morgan Stanley prediction on RBI monetary policy:
Morgan Stanley's economists anticipate that the Reserve Bank of India's Monetary Policy Committee (MPC) might refrain from lowering...
The IMF has increased its GDP growth forecast for India in FY25 by 30 basis points to 6.8%.
IMF on Indian GDP
The International Monetary Fund has revised its projection for India's GDP growth in the fiscal year 2025 (FY25). The organization raised...
Jio Financial and BlackRock’s joint venture is set to introduce services in wealth management and broking
Jio Financial and BlackRock deal:
On April 15, Jio Financial Services declared that it has initiated a partnership with BlackRock, a US-based company, to delve...
Indian Stock market kept on fall 3rd day in a row. Here are some reasons.
Indian Stock Market Live update
Due to escalating tensions in the Middle East stemming from the Iran-Israel conflict in Gaza, coupled with the increase in...
Turkey’s central bank records a loss of $25 billion for the year 2023
Turkey's central bank
In 2023, the Turkish central bank experienced a loss of 818.2 billion liras ($25 billion), marking a significant shift from previous years...
China Vanke says it has plans in place amid short-term liquidity pressure:Reuters
Acording to news agency Reuters,China Vanke, a state-supported real estate developer, has acknowledged encountering short-term liquidity constraints and operational challenges. However, the company stated...
India’s foreign exchange reserves surged by $2.98 billion to reach a new pinnacle of $648.562 billion at the week’s conclusion.
foreign exchange reserves update
RBI announces a $2.98 billion surge in forex reserves, reaching a new pinnacle of $648.562 billion.In September 2021, the nation's foreign...
UCO Bank, Central Bank of India, and three additional Public Sector Banks (PSBs) have been instructed to increase their public shareholding to 25% by...
Banks news update
UCO Bank, Central Bank of India, and three additional PSBs have been instructed to increase their public shareholding to 25% by AugustThese...
The Global Trade Research Initiative (GTRI) predicts a decrease of 1.2% in the value of global merchandise trade in 2024 compared to 2023
The Global Trade Research Initiative (GTRI)
According to the report from the Global Trade Research Initiative (GTRI), there is a projected 1.2% decline in the...
The Middle East tensions on oil prices have a detrimental impact on the Indian rupee and bond yields.
The effects of Middle East tensions on oil prices
This week, developments in the Middle East tensions, particularly their impact on oil prices and various...
Stock Market update: GIFT nifty trade in green, japan’s Nikkei down 1.01% amid gobal uncertainties
Stock Market Update:
As tensions escalated in the Middle East, both gold and crude oil prices surged. Gold is currently at its highest level ever,...
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