Don’t put all your eggs in one basket. We’ve all heard that. This advice stems from the unfortunate scenario where, should the basket fall, all your eggs will break. This outcome is unfortunate yet entirely preventable. The key? Put your eggs in different baskets. That way, should one basket tumble, the other eggs remain safe. … Read more
Kerala Finance Minister K N Balagopal goes through the last minute preparations ahead of the presentation of the State annual budget in the state Assembly, in Thiruvananthapuram on Feb. 3, 2024. | Photo Credit: PTI Finance Minister K. N. Balagopal will present the Kerala Budget for the 2024-25 fiscal and the Vote on Account at … Read more
Credit card providers have traditionally offered perks such as airport lounge access to entice customers. However, these benefits have gradually been curtailed, leaving cardholders wondering why. For instance, after HDFC Bank, Axis Bank and SBI Card, ICICI Bank recently modified its airport lounge access benefits and reward points rules on 21 credit cards. According to … Read more
With announcement of new notification, Census to be delayed till at least October 2024 The deadline to freeze the administrative boundaries of districts, tehsils, towns, and municipal bodies, among others, has been extended till June 30, 2024, a senior government official told The Hindu. This means that the decennial Census exercise, initially scheduled to be … Read more
Vivek Joshi, Secretary, Department of Financial Services, in New Delhi. | Photo Credit: KAMAL NARANG The roadmap for 2047, includes an average growth of 7% to 7.5%; rise of domestic savings to 31% of GDP; rise in credit-to-GDP ratio to 130% among others, said Vivek Joshi, Secretary, Department of Financial Services, Ministry of Finance on … Read more
ETMarkets spoke to Sonia Dasgupta, MD & CEO, Investment Banking, JM Financial on how she keeps herself mentally fit and her journey of becoming a banker. Source link
Nipah outbreak | Number of cases rises to six in Kozhikode One more person tested positive for the Nipah infection in Kozhikode district of Kerala on Friday, taking the total number of infected persons to six now. Meanwhile, lab tests have proved that E. Mohammedali, the first patient who died on August 30, too was … Read more
The G-20 communique also “encourages tripling of renewable energy capacity by 2030”. Representational file image. | Photo Credit: AP The G-20 Leader’s Declaration for the first time formally recognises the quantum jump in finance necessary for the world to transition to a renewable energy economy. The Declaration “…noted the need for USD 5.8-5.9 trillion in … Read more
CreditAccess Grameen is all set to enter the bond market next week to raise up to Rs 1000 crore in non-convertible debentures, as it looks to diversify the liability profile. This is the second bond raising by India’s largest NBFC-MFI after raising Rs 500 crore in November last year. “The issue is in sync with … Read more
S&P Global Ratings on Thursday revised the credit outlook for Vedanta Resources Ltd to negative, citing increased funding risks. The agency has affirmed the ‘B-‘ rating for the company. It indicates a relatively higher credit risk. In a statement, it said Vedanta Resources’ weakened access to cash flow from its operating subsidiaries at a time … Read more