MUMBAI: In a renewed push to contain fraud and improve customer safeguards, RBI has asked banks to clear the growing backlog in KYC updates and warned against the routine rejection of applications. Lapses in KYC, the central bank said, weaken defences against fraud and exclusion, particularly in rural and semi-urban areas. Alongside fraud, RBI has…
Compared with the UAE and Saudi Arabia, Bahrain offers long-term residency with lower investment thresholds and fewer financial barriers to entry/ Representative Image For years, the UAE and Saudi Arabia have dominated conversations around long-term residency in the Gulf. But Bahrain has been moving steadily in the same direction, aligning itself with a wider regional…
US stock markets opened in red Monday, with major indices slipping despite a strong year dominated by tech companies. The S&P 500, Dow Jones, and Nasdaq fell in early trading, in a week that’ll mark the end of 2025.The S&P 500 slipped 0.2 per cent in early trading. With just three sessions remaining in 2025,…
BENGALURU: Arvind Fashions said on Monday it will acquire Flipkart Group’s stake in Arvind Youth Brands Pvt Ltd for Rs 135 crore, making the entity a wholly owned subsidiary of the company.Arvind Youth Brands houses Flying Machine, the company’s youth-focused denim and casual wear brand. Arvind Fashions said Flying Machine has re-established itself over the…
India recorded its highest-ever annual renewable energy capacity addition this year, installing 44.5 GW of new capacity till November, nearly doubling the additions seen in the same period last year, according to the Ministry of New and Renewable Energy (MNRE).With this expansion, the country’s renewable energy installed capacity has reached 253.96 GW, while overall non-fossil…
India holds the world’s third-largest reserves of rare earths at 6.9 million tonnes, yet its contribution is not even 1 per cent of the global production. A new report from Amicus Growth, cited by ANI, underlined this gap between resource potential and actual production on the part of India, while China leads in the global…
SAN FRANCISCO: India is no longer a decade behind Silicon Valley in building with artificial intelligence, Elevation Capital’s AI partner Krishna Mehra said, arguing that founders in Bengaluru and other Indian hubs are now closer to the global frontier and should aim to build category-leading companies rather than “number two or three” players.“In the SaaS…
The number of ATMs in the country declined as people shifted digital payments. The e-payments network reduced customers’ need for cash withdrawals, even as bank branches continued to expand, a Reserve Bank of India (RBI) report said.Private banks led the contraction, cutting their ATM network to 77,117 from 79,884, while public sector banks reduced their…
A defining feature of 2025 was India’s renewed emphasis on Free Trade Agreements as strategic resilience tools. (AI image) By Agneshwar SenThe year 2025 marked a decisive turning point in global trade. Slower growth in major economies, sudden tariff escalations and growing concentration of critical supply chains made international commerce more fragmented and unpredictable. Yet,…
A useful way to think about selling is to go back to your original reason for buying. (AI image) Selling is much harder than buying. Buying feels optimistic: you’re starting something new. Selling feels like admitting you were wrong, or that a journey has ended. Because it is emotionally uncomfortable, many investors either sell for…