Tata Motors to sell stake in arm to TPG, Ratan Tata foundation
MUMBAI: Tata Motors will sell a 9.9% stake in its IPO-bound arm Tata Technologies to US private equity firm TPG and Tata Trusts chairman Ratan Tata's private endowment foundation for Rs 1,614 crore.TP ...
Why is RBI spending billions fighting stronger dollar?
MUMBAI: For the most part of this year, betting against the rupee has been a fool’s errand. Traders are now contemplating one key question: why is the Reserve Bank of India steadfastly defending the c ...
South Korea household debt growth slows in September
SEOUL: South Korea's household borrowing grew in September for a sixth straight month, but by a smaller amount than the month before, central bank data showed on Thursday.Total household borrowing fro ...
RBI bars Bank of Baroda from adding app users over onboarding lapses
MUMBAI: The RBI has directed Bank of Baroda not to add customers to its mobile app following lapses in the onboarding process. The central bank's action follows complaints that some BoB employees used ...
Bank of Baroda hikes FD rates by 50 bps
MUMBAI: Bank of Baroda has increased interest rates on domestic retail term deposits, including non-resident rupee accounts, by up to 50 basis points across various tenors for up to three years. The b ...
Attack on Israel likely to boost appeal of gold, safe-haven assets
NEW YORK: The violence in Israel will likely prompt a move into safe-haven assets as investors closely watch events in the Middle East to gauge geopolitical risk to markets.Gunmen from the Palestinian ...