Donald Trump revives threat to fire Fed Chair Jerome Powell (Picture credit: AP) US President Donald Trump on Friday again floated the possibility of firing Federal Reserve Chair Jerome Powell, reigniting a long-standing feud over interest rates he claims should be much lower. In a scathing post on Truth Social, Trump called Powell a “numbskull” and a “total and complete …
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Digital push: India Post Payments Bank bags FinMin’s 2024‑25 Digital Payments Award; tops DFS index among payments banks – Times of India
India Post Payments Bank (IPPB) has won the Union Finance Ministry’s Digital Payments Award 2024‑25 for its role in widening access to cash‑lite transactions and driving financial inclusion across the country.The trophy was presented in Delhi by Finance Minister Nirmala Sitharaman and MoS (Finance) Pankaj Chaudhary to IPPB MD & CEO R Viswesvaran and CGM G Rai Bansal. The recognition …
Read More »Report: Public Sector Banks increase market share amid slower credit growth in FY25; regain lending dominance – Times of India
This is an AI-generated image, used for representational purposes only. Public Sector Banks (PSBs) gained significant market share across lending segments and geographies in FY25 despite overall moderation in bank credit growth, a report by Union Bank of India has revealed. The shift was especially evident in working capital and demand loans, traditionally used by businesses for operational needs, as …
Read More »Net direct tax collections dip 1.39% to Rs 4.59 lakh crore despite 5% rise in gross mop-up; refunds surge 58% – Here’s why – Times of India
Representative image (Picture credit: ANI) India’s net direct tax collections for the ongoing financial year 2025-26 declined by 1.39 per cent to Rs 4.59 lakh crore as of June 19, mainly due to a sharp surge in refund issuances, according to government data released on Saturday. In the same period last year, net direct tax collections had stood at Rs …
Read More »Iran-Israel war: Exporters push for urgent shift to Chabahar port as conflict threatens trade routes – Here’s what you need to know – Times of India
This is an AI-generated image, used for representational purposes only. Amid the escalating Iran-Israel conflict, Indian exporters have suggested shifting cargo operations from Iran’s Bandar Abbas port to the India-managed Chabahar port, citing fears of a wider regional disruption that could severely impact trade with Afghanistan, Central Asia, and Russia.According to the news agency PTI, the recommendation was made during …
Read More »Big Venture Centre stepping in where ‘everyone is struggling’
Josh Sandiford BBC News, Wolverhampton BBC Jane Platt is a volunteer helping others even though she is struggling herself Jane Platt’s bright pink polo shirt marks her out as a volunteer at the Big Venture Centre. The community shop provides discounted items and other help to people living in some of the most deprived areas of Wolverhampton. Places like Bushbury, …
Read More »Sebi gears up for use of AI, machine learning on Dalal Street – Times of India
Mumbai : Markets regulator Sebi has proposed a five-point plan for adoption and use of artificial intelligence-machine learning (AI/ML)based technologies in the Indian securities market. Those are model governance, investor protection disclosure, testing framework, fairness & bias, and data privacy & cyber security measures.The regulator has come out with a consultation paper titled ‘Guidelines for responsible usage of AI/ML in …
Read More »Temporary relief? Sensex soars 1,046 points on foreign buying – Times of India
Sensex soars 1,046 points on foreign buying (Picture credit: ANI) MUMBAI: Strong foreign fund buying supported by speculators’ short covering late in the session on Friday led to a four-figure points jump in the Sensex. After opening marginally higher, the benchmark picked up gains through the session to close 1,046 points or 1.3 per cent higher above the 82,400-point mark. …
Read More »Campus to invest $100 million in student companies – Times of India
This is an AI-generated image, used for representational purposes only. BENGALURU: Campus Fund, a venture capital firm focused on student and dropout-led startups, announced a $100 million third fund, its largest to date. The fund completed its first close with more than 50% of the capital already committed and began deploying capital with two investments already made. Founded by Richa …
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