Sources said the personal loans book may grow in the range of 30 to 40 per cent Y-o-Y on its current base The growth in personal loans for fintech major Paytm may remain muted in the future and not replicate a three-digit year-on-year (Y-o-Y) growth that it recorded in the previous years, a person familiar with the matter said. Sources […]

Asian stocks traded mixed this morning, with Chinese and Hong Kong markets rising sharply, spurred by rare fiscal measures from Beijing to address the ongoing severe liquidity crunch in the domestic property market as well as to stem the stock market’s sell-off. China’s national legislature has just approved a budgetary plan to raise the fiscal deficit ratio for 2023 to […]

The European Union is better prepared to ensure its energy security ahead of the winter season, the State of the Energy Union Report 2023 says. The 27-nation bloc’s gas storage facilities were filled to 95 percent of capacity ahead of the winter of 2022-2023 and currently stand at more than 98 percent full today. The EU Energy Platform organised three […]

Bond market participants expect an open market operation (OMO) auction in the first week of November as the banking system liquidity is expected to ease on the back of government spending and maturity of bonds. According to market participants, the Reserve Bank of India (RBI) will issue a notification on OMO sales by October 31. They speculate that the central […]

Asian stocks recovered from an early slide to end mostly higher on Tuesday as bond yields eased and reports emerged that the U.S. is pressing Israel to delay its ground offensive in the Gaza Strip to allow time for the release of hostages and shipments of aid into Gaza. The dollar fell against major currencies, helping gold prices push higher. […]

After an early move to the downside, stocks have regained ground over the course of the trading session on Monday. The major averages have bounced well off their lows of the session and into positive territory. Currently, the major averages are posting modest gains. The Nasdaq is up 55.24 points or 0.4 percent at 13,039.05, the S&P 500 is up […]

Regional and local fast-moving consumer goods (FMCG) brands are gaining momentum at the cost of national brands for the second quarter in a row. Consumer brands are now losing out on share, especially at the mass end of the market. Local brands have been able to capture market share as prices of raw materials are lower. This is making it […]

‘Within five years, we should be achieving more on the international front than what it took most airlines 15 to 20 years back.’ Low-cost carrier Akasa Air will soon fly to cities in West Asia. The airline is looking to have a mix of other international destinations in regions such as Southeast Asia and East Africa. “Our idea is to […]

Polaris Industries Inc. is recalling certain Model Year 2023 and 2024 recreational off-road vehicles or ROVs, according to the U.S. Consumer Product Safety Commission. The recall involves Model Year 2023 RZR PRO XP and PRO XP 4 and Model Year 2024 RZR XP and XP 4 vehicles. About 2,500 units were sold in the United States, and about 170 units […]