IMF, Managing Director Kristalina Georgieva (Photo-AP) The global economy is proving more resilient than expected despite major shocks such as President Donald Trump’s sweeping tariffs, but International Monetary Fund Managing Director Kristalina Georgieva has warned that this strength may not last.“Buckle up,” Georgieva said during a speech at the Milken Institute on Wednesday, AP reported….
India’s physically backed gold exchange-traded funds (ETFs) recorded their biggest-ever monthly inflow in September, pushing total assets under management to a record $10 billion, according to World Gold Council (WGC) data cited by Reuters. The surge came as investors turned to gold amid weak stock market returns and persistent geopolitical uncertainty.Gold ETFs saw inflows of…
Tata Motors’ shares fell 6.8% over the past four sessions to touch Rs 689.3 on the BSE on Wednesday, slipping below the Rs 700 mark as investors awaited the record date for the company’s upcoming demerger. The decline comes amid market anticipation of the separation of its commercial and passenger vehicle businesses, alongside the phased…
File photo: Chairman C S Setty MUMBAI: The country’s largest lender SBI is engaging with regulators to simplify its ‘know your customer’ (KYC) process, chairman C S Setty said, underlining the bank’s efforts to improve access and quality of financial services. “Simplifying KYC and re-KYC processes is critical for both customers and banks. We are…
PM Modi with communications minister Jyotiraditya Scindia, his deputy Chandra Sekhar Pemmasani, chairman of Reliance Jio Infocomm Akash Ambani, and Bharti Group chairman Sunil Bharti Mittal at the inauguration of the India Mobile Congress NEW DELHI: Prime Minister Narendra Modi on Wednesday made a pitch to boost investments in manufacturing in the country, saying, it…
BENGALURU: Infosys chairman Nandan Nilekani said India’s “Finternet” initiative, which is a digital infrastructure framework that integrates tokenisation, AI, and regulated finance, is set to expand across 20 ecosystems in four continents and see live implementations by 2026.Speaking at the Global Fintech Fest (GFF) 2025 in Mumbai, Nilekani described Finternet as India’s vision to build…
RBI Governor Sanjay Malhotra (Photo-PTI) Reserve Bank of India Governor Sanjay Malhotra on Wednesday urged the country’s fast-growing fintech ecosystem to prioritise financial inclusion and build products for the underserved, instead of focusing only on the privileged segments that promise higher profits.Speaking at the Global Fintech Fest, Malhotra acknowledged that catering to affluent consumers can…
(AI image generated using ChatGPT) International Monetary Fund (IMF) Managing Director Kristalina Georgieva has hailed India as a “key growth engine” of the global economy. Her remarks come as the global economy is battling trade tariffs imposed by US President Donald Trump on April 2. “Global growth patterns have been changing over the years, notably…
Silver rate today: Silver prices surged for the third consecutive day on Wednesday, gaining Rs 3,000 to trade near a record high of Rs 1,57,000 per kilogram in the national capital amid global uncertainties and the prolonged US government shutdown.The white metal had closed at Rs 1,54,000 per kg on Tuesday and touched Rs 1,57,400…
The German government on Wednesday raised its growth projections, saying Europe’s largest economy is now expected to narrowly avoid stagnation in 2025 before accelerating to 1.3% in 2026. The previous forecast in April had predicted zero growth for 2025 this had been upgraded to 0.2%,, while the estimate for next year has been upgraded from…