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India may take 75 years to reach one-quarter of US income per capita, says World Bank report

Drawing on lessons of the past 50 years, the report finds that as countries grow wealthier, they us…

PTI   


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4 mins read

How gold became one of the world's hottest investments

Central banks purchased a record 483 tons of gold in the first half of the year, according to the W…

Matthew Fox   


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'Americans just work harder' than Europeans, said the CEO of Norway's $1.6 trillion oil fund

Nicolai Tangen said European companies aren't innovating as quickly as American ones, as he spoke o…

Matthew Loh   


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Sensex, Nifty tumble nearly 1.5% as bank stocks slump on weak Japanese markets

Equity benchmark indices tumbled nearly 1.5% on Monday due to heavy selling in frontline stocks Rel…

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Sensex hits 85,000 level but closes flat as FMCG, banking shares drag

Sensex scaled the 85,000 level and Nifty breached the 26,000 mark for the first time before paring …

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Sensex @ 84k: With 1,359 pts gain, benchmark index settles above historic mark

Sensex hits a record high of 84,544.31, driven by gains in bank stocks and positive global trends, …

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1 min read

European Central Bank chief says her son 'ignored me royally' and lost nearly everything he invested in crypto

"He ignored me royally, which is his privilege," Christine Lagarde said Friday. "And he lost almost…

Filip De Mott   


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Sensex, Nifty bounce back on fag-end buying; settle with gains

Benchmark equity indices Sensex and Nifty staged a dramatic rebound on Monday to settle higher foll…

PTI   


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Sensex, Nifty hit fresh record high levels

Rising for the fourth straight session, the 30-share BSE Sensex climbed 308.37 points or 0.40 per c…

PTI   


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Markets rebound sharply on buying in bank stocks firm global trends

​​​Benchmark BSE Sensex rebounded sharply by 941 points while NSE Nifty closed above the 22,600 lev…

PTI   


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Europe's central bank cuts interest rates for first time in 5 years

The European Central Bank announced it would lower its benchmark interest rate from 4% to 3.75%, ma…

Theron Mohamed   


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3 mins read

Will the historic India-EFTA trade pact make Swiss and other European products cheaper for Indians?

Swiss chocolates, Swiss watches and Mediterranean fruits have long captivated Indian consumers. The…

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India's forex reserves are at a comfortable position says Piyush Goyal

India's commerce and industry Minister Piyush Goyal has stated that the country is in a position to…

PTI   


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The West can't completely isolate Russian banks because it would be disastrous beyond Russia

The West could still block the access of all Russian banks to SWIFT — but it would come with major …

Huileng Tan   


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Some European banks are still making money in Russia. The EU is losing patience and pressuring them to exit the market ASAP.

The ECB official's comments followed headlines that some Western companies with businesses in Russi…

Huileng Tan   


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Russia is trying to help its stranded retail traders claw back frozen investments

Sanctioned Russian brokerages held around $16.5 billion in Western securities, that could be bought…

Filip De Mott   


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Credit Suisse shares tumble more than 20%, leading a plunge in European bank stocks

US-listed shares of Credit Suisse slid 21.9% to $1.96 in pre-market trading, hitting a record low o…

Zahra Tayeb   


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Richard Handler, CEO of investment bank Jefferies, reminds incoming interns that working hard is no guarantee of a job

Handler offered 15 tips for investment banking interns on Twitter. Along them was a reminder that t…

Kaja Whitehouse   


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China's biggest banks are finally getting scared by the West's sanctions against Russia

Chinese banks are tightening compliance checks with Russian businesses as they fear getting caught …

Huileng Tan   


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Stock markets in free-fall: Sensex tanks 1,628 pts on sharp losses in banking, oil shares

Key stock indices suffered their worst single-day losses in percentage terms since June 13, 2…