Pakistan’s struggling economy is likely to remain under sustained pressure, with double-digit inflation expected to persist if global oil prices continue to surge amid the ongoing Middle East crisis, according to a report by Dawn.Topline Securities Ltd, in its latest “Pakistan Strategy” report released Saturday, provided a grim assessment of the impact of rising energy…
Adam Back has spent weeks being asked yet again, by various people, whether he is the inventor of Bitcoin. He is not, he says. He has been saying so for years and again since the New York Times suggested in early April, after dissecting writings from the early cypherpunk era, that Adam Back was the…
A Chinese court ruled that companies cannot terminate employees just to replace them with artificial intelligence systems, as authorities juggle the need to stabilise the domestic labour market with a global race to develop AI technologies.The court decided that a tech firm in eastern China had illegally fired one of its workers after he refused…
MUMBAI: The appointments committee of the cabinet has approved the appointment of Reserve Bank of India (RBI) executive director (ED) Rohit Jain as deputy governor (DG) of the banking regulator.The appointment is for a period of three years from the date of joining the post on or after May 3, 2026, the Department of Personnel…
MUMBAI: Kotak Mahindra Bank Saturday confirmed that it is looking at Deutsche Bank’s retail business, which is on the block, while stating that it has dropped out of IDBI Bank acquisition race because of the valuation and it would be ‘difficult to swallow’.Responding to queries at an earnings press conference Ashok Vaswani, MD & CEO…
MUMBAI: RBI governor Sanjay Malhotra on Friday called for Indian banks to emerge as market-makers in offshore markets, urging a more active global role for domestic lenders as the central bank seeks to shift rupee price discovery onshore, speaking at the FIMMDA-PDAI Annual Conference in Amsterdam.Noting that Indian banks deal only with offshore market makers…
NEW DELHI: The Centre has notified two crucial changes to foreign direct investment rules — the first relating to flows from neighbouring countries such as China and the second allowing up to 100% investment in insurance business — as it seeks to step up inflows amid a weak rupee.Starting May 1, companies with up to…
.Now more and more foreign investors are urging a review of the rule. MUMBAI: In just four months this year, foreign portfolio investors (FPIs) have net sold stocks worth a little over $20.6 billion, surpassing the highest ever yearly net sales figure in the domestic market.In 2025, FPIs had net sold stocks worth $18.9 billion,…
MUMBAI: Bank credit growth in FY26 was led by services and retail segments, with non-food credit expanding by Rs 29.2 lakh crore, driven largely by lending to NBFCs, housing, and gold-backed loans, according to sectoral data.Services and personal loans together accounted for over two-thirds of incremental credit. Services saw an addition of Rs 9.7 lakh…
NEW DELHI: RBI deputy governor Poonam Gupta Friday said that India has strong macroeconomic fundamentals, which can help it sustain 7.5% growth with low inflation, and added that she was not seeing a major impact on the balance of payments situation due to the West Asia conflict.At a conference organised by the Isaac Centre for…
