The banking system liquidity bounced back to surplus mode after three weeks, the Reserve Bank of India (RBI) data showed. This was due to government spending, according to dealers. The liquidity situation could further ease with the disbursement of the last tranche of incremental cash reserve ratio (I-CRR) worth Rs 50,000 crore on Saturday. As the liquidity improved, bond market […]

Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, finds itself in a bind as the Directorate General of GST Intelligence (DGGI) has issued multiple Show Cause Notices (SCNs) amounting to Rs 922.6 crore. The Hinduja acquisition is currently awaiting the Supreme Court’s approval after the Torrent group, the winner of the first round, challenged the second auction conducted […]

Airfares in the country are set to rise, with IndiGo on Thursday introducing a fuel charge of up to Rs 1,000 based on a flight’s distance, in response to the significant rise in aviation turbine fuel (ATF) prices in the last three months. The Indian aviation sector experiences its peak travel season between October and December. The inclusion of a […]

Paul Noble, a veteran executive who served co-head of global theatrical marketing at Sony Pictures Entertainment since 2019, has died. He was 51. The company confirmed to Deadline that Noble died September 9 of bulbar ALS at Ronald Reagan UCLA Medical Center in Westwood. He has been diagnosed in summer 2021. Related Stories Hollywood & Media Deaths In 2023: Photo […]

In June of 2022, the price of a barrel of West Texas Intermediate (WTI) reached an inflation-adjusted high of $120. By June of this year, the price had dropped to an inflation-adjusted price of $71 a barrel. Just three months later, the September price had jumped back to $89 a barrel. (These nine crises threaten the global economy.) The price […]

Fed Chair Jerome Powell’s speech might be the highlight on Thursday. The Weekly Jobless Claims and the Pending Home Sales report might also get attention. Early trends on the U.S. Futures Index suggest that Wall Street might open lower. Asian shares closed mostly lower, while European shares are trading down. As of 7.55 am ET, the Dow futures were declining […]

Asian stocks ended mostly lower on Thursday, as investors remained concerned about further interest rates hikes in the U.S. China’s property woes and uncertainty before a key U.S. inflation reading due on Friday also kept investors on tenterhooks. The dollar rally paused in Asian trading and bond yields took a breather, helping keep gold prices steady after a significant drop. […]

Following the sell-off seen during Tuesday’s session, stocks saw substantial volatility over the course of the trading day on Wednesday. The major averages spent the day showing wild swings back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow slipped 68.61 points or 0.2 percent to a new three-month closing low […]

After failing to sustain an initial move to the upside, stocks have moved mostly lower over the course of the trading day on Wednesday. With the downturn on the day, the major averages are adding to the steep losses posted during Tuesday’s session. Currently, the major averages are off their worst levels of the day but remain firmly negative. The […]

Arguably, the United States has the strongest and most advanced navy on the planet, albeit not the largest by sheer numbers. China and Russia have more watercraft in their navies than the U.S. with Russia actively using its navy against Ukraine. Ukraine struck at Russia’s Black Sea Fleet Headquarters to devastating effect in late September. Casualties were reported in the […]