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Real-time market updates from India's financial markets and global sources.

50 articles

banking2h ago

Game of cards: Top banking players opt for tight gambit, rivals up the ante

Since the start of the calendar year, major devaluations have hit multiple premium and super-premium cards, shocking the high spenders. No card has been spared, be it the ICICI Emeralde Private Metal (removal of some vouchers for accelerated rewards), American Express Platinum Travel (higher spend milestones for bonus rewards), or Axis Bank (removal of three popular transfer partners without advance notice). HDFC Bank, too, has asked its Infinia customers to clock in annual spends of at least Rs 18 lakh or maintain a total relationship value of at least Rs 50 lakh to retain the by-invite-only metal.

Banking/Finance-Industry-Economic Times

trending2h ago

Cong: Bill deeply flawed bid for unconstitutional delimitation

Indian National Congress has criticised the Constitution (131st Amendment) Bill, calling it ill-timed and alleging it could enable an unconstitutional and anti-federal delimitation exercise under the guise of women’s reservation. The party also raised concerns over the use of outdated 2011 census data, arguing it would disadvantage states that successfully implemented population control measures, ahead of an INDIA bloc meeting to finalise a common position.

News-Economic Times

trending3h ago

Thought of the day by Robert Frost: 'A jury consists of twelve persons chosen to decide who has the...' Life lessons on justice, honesty and success by revered American poet

Thought of the day by Robert Frost highlights how a jury works through a short quote about lawyers and decisions. The quote connects law, society, and daily life. The story explains the meaning, relevance, life lessons, and the journey of poet Robert Frost. It covers his early life, education, family, awards, and literary legacy. The article explores how his words still guide thinking and discussion today.

News-Economic Times

economy3h ago

SEBI seeks CBDT clarity on tax role of authorised representatives of FPIs

India's market regulator Sebi seeks clarity from the tax department on the duties of authorised representatives for foreign investors. Fund houses need clear guidelines as these representatives may face tax demands. Many professionals are hesitant to take on these roles without understanding their liabilities. Sebi is actively engaging with the Central Board of Direct Taxes to resolve this issue soon.

Economy-News-Economic Times

economy3h ago

Infra spend up six-fold since 2014, crosses Rs 12 lakh crore: PM Modi

Prime Minister Narendra Modi has officially launched the Delhi-Dehradun Expressway, marking a significant investment in national infrastructure. Since 2014, spending on such projects has seen a staggering six-fold increase. The expressway, at a cost of ₹12,000 crore, promises to cut down travel times and expenses significantly. It thoughtfully includes a wildlife corridor to safeguard local animals.

Economy-News-Economic Times

trending3h ago

Dubai realty shaken from West Asia conflict but holds its ground

Real estate transactions in Dubai fell 14% in early April amid the West Asia conflict, with buyer sentiment hit and rental demand sharply declining. Smaller developers offered discounts and flexible plans, while prices largely held. Though enquiries have picked up after a ceasefire, deals may take time. Experts say demand remains structurally strong, but prolonged tensions could trigger further price corrections and slower market activity.

News-Economic Times

economy5h ago

India must cut fertiliser import dependence, leverage AI and precision tech: ICAR chief

India is seeking self-reliance in fertilizers. Experts propose a multi-pronged approach using artificial intelligence and precision nutrient management. This strategy aims to reduce import dependence and optimize fertilizer use. Initiatives like the Soil Health Card scheme will be strengthened. A mission mode program will promote organic manures to replace mineral fertilizers.

Economy-News-Economic Times

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