Finance
Finance News
Richie Rich Club: How much money does one need to join India’s richest 1%?
What does it take to be part of India’s richest 1 per cent club? According to a report by Knight Frank, $175,000 (Rs 1.44 crore). The money is lesser than what is required in Monaco – which has the highest threshold at $12.4 million (Rs 102 crore)
From finance to big data, China's new structural reforms
Chinese legislators have announced sweeping structural reforms to the country's top regulatory bodies, including the reshuffle of the science and technology ministry, the establishment of a new National Data Bureau, a new centralised regulatory body for finance, and changes to the Legislation Law
US Treasury Secretary Janet Yellen says World Bank nominee's credentials will overcome selection criticism
Yellen said she was pleased so far with positive reviews from G20 finance officials for Ajay Banga, 63, an Indian-born US citizen who has won accolades for his work transforming Mastercard and working to lift people in developing countries out of poverty
What is P2P lending and does it benefit both lenders and borrowers? All you need to know
To apply for any loan on these platforms, customers will need to provide their Aadhaar cards, PAN cards, and the other required KYC documents. In addition to their CIBIL scores, the authority will assess additional criteria to evaluate loan applicants
Explained: How Twitter Blue chaos cost an insulin maker billions of dollars
While many tweets from fake 'verified' Twitter handles of Nintendo, Pepsi, Lebron James, and Donald Trump caused mirth and mayhem, perhaps none did as much damage as an account imitating Eli Lilly, the American pharma company making the life-saving drug insulin. Here’s what happened
What is financial freedom and how can you achieve it?
Financial freedom has become the norm. Of course, it is subjective and can mean different things to different women. For a working woman, it may mean the freedom to decide upon financial matters or sustain herself financially
Least Developed Countries group to demand climate justice, finance at UN summit
The LDC group negotiates as a bloc at the UN summit to champion the interests of developing countries. Issues such as who pays for poorer nations to transition to cleaner energy and boosting how well vulnerable people can adapt to climate change have long been on the bloc's agenda
Pakistan based terror groups JeM, LeT maintain training camps in Afghanistan, according to UN report
The report said that Jaish-e-Mohammed is ideologically closer to the Taliban. It further added that Lashkar-e-Taiba provided finance and training expertise to Taliban operations
India good at managing finances but surge in global price will negatively impact it’s economy, says IMF MD
During a media roundtable, on the Russian invasion of Ukraine and its global impact, Gita Gopinath, the First Deputy Managing Director of the IMF, observed that the war has posed a challenge to economies around the world, including India
Fintech allows small players to compete, rewards those that effectively address consumer needs
With real-time banking capabilities getting enhanced by Fintechs, it has led to higher visibility of cash flow making banking services more effective
Rajasthan chief minister Ashok Gehlot allocates portfolios to ministers, retains home and finance
Twelve new ministers were inducted and three ministers of state were elevated to cabinet rank at the recent cabinet reshuffle of Rajasthan government
Aryan Khan was in 'conscious possession' of drugs: Breaking down the much-debated NDPS Act
NDPS Act dispenses with 'dishonest intention' and Section 35 directs the court to presume the existence of a culpable mental state for all the offences under the Act
India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service
In its August update to 'Global Macro Outlook 2021-22', Moody's retained India's growth forecast for the 2021 calendar year at 9.6 percent and seven percent for 2022
From Gul Agha to Sadr Ibrahim, Taliban adds slew of 'familiar faces' to its Cabinet
The group appointed Gul Agha as finance minister, Mullah Abdul Qayyum Zakir as defence minister and Sadr Ibrahim as be acting interior minister
International financial body submits roadmap for mitigating climate-related risks to G20
The FSB, created in the wake of the 2008 financial crisis, said global climate-related risks are "far-reaching" and require a coordinated response.
Father's Day 2021 to be celebrated tomorrow; here are some gift ideas for a secure financial future
Fixed Deposits are a good old-fashioned savings fund that can make for a perfect gift for your dad this Father’s Day
Women run fewer than 13% of India's MSMEs; inaccessibility of credit, govt schemes and now COVID are key hurdles
The biggest challenge faced by women entrepreneurs in India is gender bias in access to finance as studies show that their loan applications are more likely to be delayed or rejected as compared to men
Unions oppose Centre's move to allow private sector banks in govt business, term it 'unfair'
The AIBEA said the move will make it more difficult for public sector banks to lend to weaker and priority sectors at concessional rates of interest
Account takeover incidents in finance industry increased 20% in 2020, says cybersecurity firm Kaspersky
As a result of the coronavirus pandemic, the importance of e-commerce and digital financial services increased in 2020 with people spending more time at home
Union Budget 2021: Sitharaman defends privatisation of PSBs in interview with News18, says India needs more efficient banks
Sitharaman also said that the government is looking at setting up a holding company for banks' bad assets to address the NPA issue.