Financial Services

Asian shares decline amid Omicron, anti-inflation measures from Federal Reserve, Russian-Ukraine jitters

The Dow Jones Industrial Average had declined more than 1,000 points before rallying and ending higher.

Facebook Fuel for India 2020: WhatsApp to launch insurance and pension products in India by year-end

The move comes as the Facebook-owned tech giant is set to expand its services to finance, commerce, education and social welfare in 2021.

Markets close day's session on buoyant note: Sensex up 622 points, Nifty above 9,050-mark; HDFC top gainer, surges over 5%

The Sensex settled 622.44 points or 2.06 percent higher at 30,818.61, while the NSE Nifty rose 187.45 points, or 2.11 percent, to end at 9,066.55

Nirmala Sitharaman launches INR-USD futures and options contracts on BSE, NSE; economic activity, employment to rise

The launch of INR-USD contracts at the exchanges in GIFT-IFSC is a step in this direction.

Yes Bank debt writedown to hit sector capital-raising; some investors plan to challenge central bank’s move: Analysts

Yes Bank had about Rs 8,800 crore ($1.2 billion) in AT1 capital as of March 2019, its annual report showed, under the Basel III framework.

Nearly 81% employers feel new income tax regime not to benefit staff; communication with employees to become biggest challenge: Survey

They also fear the new income tax regime will deter employees from taking up voluntary benefits from their employers, and this will force those drawing higher incomes to look for other investment options.

India retail banking a 'nice oasis' for foreign lenders Deutsche, HSBC, peers; easing regulations, surge in online deals drive change

Improved performance in India and its basis in the take-up of digital retail banking services could also offer hope for other large markets with potential far greater than the profit so far delivered, such as China.

Narendra Modi likely to meet finance ministry department officials on 20 June, plans to discuss roadmap for growth

Ahead of the Budget, Prime Minister Narendra Modi is likely to meet all five departments of the finance ministry on 20 June to discuss the road map for boosting country's growth and generating jobs.

IT firms likely to face volatility in banking, financial services space in near term: Kotak report

The banking and financial services space for IT firms is expected to be volatile in the near term, and escalation of trade wars in the past weeks combined with Brexit overhang may continue to weaken modest optimism of April 2019, says the latest report by Kotak Institutional Equities

Piramal Enterprises, Canadian pension fund set up $600-mn renewable energy trust; CPPIB to hold 60% in new venture

CPPIB has committed $360 million and holding up to 60 percent while Piramal Enterprises has committed $90 million and holding 15 percent.