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NPCI's Dilip Asbe joins Swift's global supervisory board
Dilip Asbe, CEO of NPCI, has joined Swift's global supervisory board, a significant step for India's payment ambitions. This appointment, pending regulatory approval, grants India a voice in global payment standards, recognizing the success of UPI. Asbe's leadership has been pivotal in developing India's advanced payment systems, positioning the nation as a key influencer in shaping future cross-border financial infrastructure.
NPCI's Dilip Asbe joins Swift's global supervisory board
Dilip Asbe, CEO of NPCI, has joined Swift's global supervisory board, a significant step for India's payment ambitions. This appointment, pending regulatory approval, grants India a voice in global payment standards, recognizing the success of UPI. Asbe's leadership has been pivotal in developing India's advanced payment systems, positioning the nation as a key influencer in shaping future cross-border financial infrastructure.
Stock markets to track crude prices, global trends, TCS earnings this week
Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said. Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market trading, they added. "Investors will closely monitor the quarterly results of TCS on July 9, with particular focus on management commentary regarding demand trends, discretionary spending, and AI-led business opportunities," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty increased by 214.85 points, or 0.89 per cent. "Domestically, investor attention will centre on the commencement of the Q1 FY27 earnings season from July 9, with the initial batch of corporate earnings and management commentary expected to provide valuable insights int
'Not A Single Penny Lost': US Dept Of Justice Backs Dismissal Of Criminal Charges Against Adani Group
DOJ argued that the alleged victims were not retail investors but some of the world's largest financial institutions
The Habit Of Building An Ant Hill | The Week In Whys
Our financial system was designed for a younger country. As we age, we will need better annuities, long-term care insurance, reverse mortgages, retirement communities and many more products that barely exist today.
Korea’s KOSPI P/E valuation falls to lowest since global financial crisis - Investing.com India
Korea’s KOSPI P/E valuation falls to lowest since global financial crisisInvesting.com India
India-Mali Launch Inaugural Export Promotion Forum to Boost Bilateral Trade and Unlock New Investment Opportunities
India and Mali have witnessed robust growth in bilateral trade, which surpassed US$326.61 million in FY 202526, registering a 55 per cent increase over the previous financial year. Mali's principal exports to India include raw cotton, finished leather, cashew, lead, gum arabic and sesame while India's major exports comprise pharmaceuticals, cotton fabrics, two- and three-wheelers and bicycles. India's Duty-Free Tariff Preference (DFTP) Scheme has been the primary catalyst in strengthening bilateral trade. Against Mali's global exports of approximately US$4 billion, untapped export potential in the Indian market is estimated at nearly US$3.96 billion, signalling substantial room for growth.
HDFC Bank develops own AI platform, fraud monitoring system
HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape.
HDFC Bank develops own AI platform, fraud monitoring system
HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape.
RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&P
The Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financial institutions, encouraging them to increase external borrowings. This move aims to attract foreign capital, bolster reserves, and support the rupee. S&P Global Ratings highlights that these government-linked entities, crucial for strategic sectors, will benefit from cheaper funding and enhanced financial flexibility, potentially driving economic growth.
HDFC Bank shares down 20% in 2026 so far. Time to buy as the governance cloud clears up?
HDFC Bank shares have plunged 20% this year amid governance concerns, sparked by a former chairman's resignation. The bank has since appointed a new part-time chairman and key financial officers. While leadership is strengthening and operations are improving, analysts advise caution against trying to time the bottom, suggesting other banks might offer better immediate value. The stock's future hinges on the CEO's reappointment and regulatory outcomes.
FirstCry shares in focus ahead of Rs 300 crore Swara Baby stake sale via IPO
Brainbees Solutions, the parent of FirstCry, will see its shares in focus after approving a Rs 300 crore offer for sale (OFS) in its subsidiary Swara Baby's upcoming IPO. Swara Baby, a contract manufacturer of hygiene products, plans to raise up to Rs 1,000 crore.This move comes as FirstCry's financial performance shows narrowed losses and revenue growth.