Insights

30 Dec u.s. debt ceiling crisis: Donald Trump comes down heavily on former Speaker Kevin McCarthy for raising the debt ceiling; what will happen this time as deadline looms, will Johnson survive?

Posted at 13:27h in Insights

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[ad_1] President-elect Donald Trump has criticized former House Speaker Kevin McCarthy for agreeing to raise the debt ceiling during the Biden administration. Trump described the move as "one of the dumbest political decisions made in years." Background on the Debt Ceiling ExtensionIn May 2023, Congress...

30 Dec Sanjiv Ranjan appointed next Secretary General of Indian Ocean Rim Association

Posted at 13:21h in Insights

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[ad_1] Senior Indian Foreign Service (IFS) officer Sanjiv Ranjan, a member of the 1993 batch, was appointed as the next Secretary General of the Indian Ocean Rim Association (IORA) on Monday. The Ministry of External Affairs confirmed the appointment, stating that Ranjan will assume the...

30 Dec Indian banks’ gross bad loan ratio may edge up by March 2026, central bank report says

Posted at 11:34h in Insights

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[ad_1] Indian banks' gross bad loan ratio may rise from a 12-year low if risks emanating from credit quality, interest rates and geopolitics play out, a report published by the central bank on Monday showed. Gross bad loan ratio is the proportion of bad assets...

30 Dec Rupee slips to record closing low on weaker yuan, broad-based dollar bids

Posted at 10:15h in Insights

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[ad_1] The Indian rupee slipped to its weakest closing level on record on Monday, pressured by a decline in the offshore Chinese yuan and broad-based dollar bids amid a prevailing bearish bias on the local currency.The rupee ended at 85.5350 against the U.S. dollar, down...

30 Dec Emerging tech skill sets to drive 1 million jobs by 2030: Quess IT Staffing report

Posted at 10:12h in Insights

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[ad_1] Emerging technologies like quantum computing and Generative AI are expected to create over 1 million jobs by 2030, a report by Quess IT Staffing said underlining just how skills in domains of artificial intelligence and machine learning (ML), cybersecurity, cloud computing, data science, and...

30 Dec NFO Update: Bandhan Mutual Fund launches index fund

Posted at 09:27h in Insights

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[ad_1] Bandhan Mutual Fund has announced the launch of Bandhan Nifty Alpha Low Volatility 30 Index Fund, an open-ended scheme tracking Nifty Alpha Low Volatility 30 Index.The new fund offer or NFO of the scheme will open for subscription on January 8 and close on...

30 Dec China increases military presence and tightens control at Larung Gar Buddhist Academy

Posted at 08:59h in Insights

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[ad_1] China has stationed around 400 military personnel at the Larung Gar Buddhist Academy in Serthar County, eastern Tibet, as part of a broader strategy to tighten control over the region, the Central Tibetan Administration (CTA) said, citing reports from Tibet. The arrival of the...

30 Dec NFO Alert: UTI Mutual Fund launches quant fund

Posted at 08:14h in Insights

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[ad_1] UTI Mutual Fund has announced the launch of UTI Quant Fund, an open-ended equity scheme following a quantitative investment theme.The new fund offer or NFO of the scheme will open for subscription on January 2 and will close on January 16. The scheme will...

30 Dec Health insurance payouts fall short: Only 71.3% of claims settled in FY24

Posted at 07:35h in Insights

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[ad_1] Health insurance companies in India paid out 71.3% of the ₹1.2 lakh crore in health insurance claims filed during the 2023-24 financial year, according to data from the Insurance Regulatory and Development Authority of India (IRDAI). Insurers received over 3 crore new claims totaling...

30 Dec Delhi polls: Arvind Kejriwal promises Rs 18,000 a month for temple, gurdwara priests

Posted at 07:08h in Insights

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[ad_1] Delhi Chief Minister Arvind Kejriwal announced a new financial assistance program for Hindu priests and Sikh granthis on Monday.The "Pujari Granthi Samman Yojana" will provide a monthly allowance of Rs 18,000 if Kejriwal's Aam Aadmi Party (AAP) wins the upcoming Delhi Assembly elections. The...