Business
The Reserve Bank on Wednesday proposed changes to rules governing banks’ foreign exchange positions. The amendments to net open position (NOP) were made following a comprehensive review of the existing instructions, according to an official statement. NOP refers to the difference between banks’ total foreign currency assets and liabilities, revealing their exposure to currency fluctuations…
Citigroup on Wednesday posted fourth-quarter results that topped expectations as the lender reaped more interest income and set aside less money for troubled loans than analysts had expected. Here’s what the company reported: Adjusted earnings: $1.81 per share vs. $1.67 expected, according to LSEG Adjusted revenue: $21.0 billion vs. $20.72 billion expected Citigroup said net…
India has set a target to reduce the emissions intensity of GDP by 45% by 2030 (from 2005 levels), and in 2021, India announced a long-term goal to achieve Net Zero emissions by 2070. As far as the real estate ad building sector in India, it contributes over 35% of India’s total GHG emissions, driven…
Netflix is likely to amend its offer for Warner Bros. Discovery’s assets, making an all-cash bid, CNBC’s David Faber reported on Wednesday. In December, Netflix reached a deal to purchase WBD’s streaming platform HBO Max and the Warner Bros. film studio in a transaction comprised of cash and stock. The deal is currently valued at…
Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth The Iranian government has imposed a deadly crackdown on protests in Iran, with…
The auto component industry expects the real impact of US tariffs to play out in the second half of the current financial year, with uncertainty beginning to cloud fresh export contracts even as existing supplies continue, industry body ACMA said on Wednesday.Despite global headwinds, the sector posted steady growth in the first half of FY26….
New Delhi: The recent deviation in a PSLV-C62 mission of Indian Space Research Organisation, which likely led to the loss of 16 satellites, has renewed attention on how India manages financial risk in space missions. A review of ISRO’s past practices shows that insurance decisions have varied based on the satellite’s origin and the…
The government has dropped plans requiring workers to sign up to a new digital ID system in order to prove their right to work in the UK. Instead, Labour ministers say existing checks, using documents such as biometric passports, will move fully online by 2029. The reversal is in the latest in a series of…
Starting a budget can feel overwhelming, especially if you’re new to managing your finances. The good news is, with a few simple hacks, anyone can take control of their money and build healthy financial habits. Budgeting doesn’t have to be restrictive—it’s about making smarter choices, reducing stress, and planning for the future. Track Every Expense:…
Bank of America on Wednesday posted fourth-quarter earnings that topped analysts’ expectations on gains from net interest income and equities trading. Here’s what the company reported: Earnings: 98 cents per share vs. 96 cents expected, according to LSEG Revenue: $28.53 billion vs. $27.94 billion expected The company said profit rose 12% from a year earlier…