The US government will not publish consumer inflation data for October after a 43-day federal shutdown disrupted data collection, intensifying uncertainty ahead of the Federal Reserve’s December policy meeting.The Bureau of Labor Statistics (BLS) said it “is unable to retroactively collect” consumer price data for October and will not release the report originally scheduled for…
Kotak Mahindra Bank on Friday said its board has approved a sub-division of equity shares in a 1:5 ratio to make the stock more affordable and enhance market liquidity. The decision was taken on the lender’s 40th foundation day and is subject to statutory and regulatory approvals, the private sector bank said in a regulatory…
Tata Power has signed commercial agreements with Druk Green Power Corporation to acquire a 40 per cent stake in a special purpose vehicle (SPV) to develop the 1,125 MW Dorjilung Hydroelectric Power Project in Bhutan, the company said on Friday. The equity commitment is valued at approximately Rs 1,572 crore and will be infused in…
Bitcoin and ether tumbled to multi-month lows on Friday as investors pulled back from riskier assets amid concerns over stretched tech valuations and fading expectations of near-term US rate cuts, Reuters reported. Bitcoin, the world’s largest cryptocurrency, dropped 5.5% to a seven-month low of $81,668, while ether slid more than 6% to $2,661.37, hitting a…
The Reserve Bank of India (RBI) on Friday said the process of interlinking the Unified Payments Interface (UPI) with the Eurosystem’s TARGET Instant Payment Settlement (TIPS) platform has entered the realisation phase, marking a step towards enabling cross-border instant payments between India and Europe. RBI and NPCI International Payments Limited (NIPL) have been in discussions…
India’s foreign exchange reserves rose sharply by $5.543 billion to $692.576 billion for the week ended November 14, driven largely by a surge in the valuation of gold holdings, according to data released by the Reserve Bank of India (RBI) on Friday.The rise follows a $2.699 billion decline in the previous reporting week, when total…
Sebi has barred mutual fund schemes from investing in pre-IPO share placements but will allow participation in anchor rounds of public issues, a source told PTI citing the move is intended to improve liquidity and ensure clearer valuation of companies ahead of listing.“We have asked mutual fund schemes not to invest in pre-IPO placement of…
Navi UPI links with ONDC to enable metro QR ticketing Navi UPI has partnered with the Open Network for Digital Commerce (ONDC) to offer QR-based metro ticketing through its app, expanding digital access for commuters in Delhi, Mumbai and Bengaluru. The service allows users to plan routes, book single or return journey QR tickets and…
NEW DELHI: As AI-generated videos “featuring” Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, External Affairs Minister S Jaishankar and RBI Governor Shaktikanta Das circulate online claiming to offer investment advice, the government on Friday issued a clarification through PIB Fact Check stating that the clips are fake and digitally altered.According to PIB, the videos…
The new Vande Bharat sleeper train will look to offer superior comfort to Rajdhani Express trains on long-distance overnight routes. Vande Bharat sleeper train launch: Indian Railways is looking to launch the first Vande Bharat sleeper train soon, with the first prototype rake undergoing changes after trial runs. Railway Minister Ashwini Vaishnaw has said that…