CD
$32 billion inflows from India's forex drive yet to boost rupee
India's special measures have attracted $32 billion in foreign currency inflows, but the boost has yet to significantly strengthen the rupee or ease banking system liquidity. While borrowing costs have declined, the RBI's foreign currency assets have risen more slowly as markets await the full impact of the inflows.
Macroeconomic fundamentals of Indian economy remain strong amid global challenges
India's economy shows strong macroeconomic fundamentals and a resilient financial system. Robust domestic demand and healthy corporate balance sheets support sustained economic growth. The Indian Rupee has depreciated against the US Dollar due to global events. Regional Rural Banks and Public Sector Banks have reported record profits. Government initiatives aim to support businesses and financial inclusion across the nation.
How Oracle's 2012 court defeat became the heart of £270 million lawsuit against Microsoft
Perpetual software license resale: A 2012 European Court of Justice ruling that Oracle lost, establishing that perpetual software licences can be resold freely, has come back to define a £270 million case against Microsoft in London. Microsoft has now lost twice and is seeking Supreme Court intervention, with a separate class action potentially running into billions.
Need for balanced regulatory system to promote use of bio-tech in farm sector: ICAR DG
According to a statement by the Agriculture Ministry on Sunday, Trust for Advancement of Agricultural Sciences (TAAS), in collaboration with ICAR, and the Federation of Seed Industry of India (FSII), organised a high-level roundtable on biotech crops.
Axis Bank shares fall 5% after Q1 earnings fail to cheer D-Street. What brokerages say
Axis Bank shares fell despite reporting a 22.5% year-on-year rise in Q1FY27 standalone net profit to Rs 7,114 crore. Net interest income (NII) grew over 8% YoY to Rs 14,646 crore, beating some brokerage estimates, but mixed analyst views and concerns over margins weighed on investor sentiment.
Defamation case against Rahul Gandhi: Hearing adjourned to August 5 as presiding judge away on training
Gandhi's counsel Kashi Prasad Shukla said the matter was listed for arguments after the case records were to be returned following dismissal of a revision petition related to Gandhi's voice sample.
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Kotak Mahindra Bank Q1 Results: Net profit climbs 26% YoY to Rs 4,123 crore; NII rises 9%
Kotak Mahindra Bank Q1 Results: Kotak Mahindra Bank reported a 26% YoY rise in Q1 FY27 standalone net profit to Rs 4,123 crore, while NII increased 9%. Asset quality improved year-on-year, with gross and net NPAs declining, though margins moderated during the quarter. The bank’s deposits and advances continued to grow.
FTAs alone won’t make India a manufacturing power: GTRI’s Ajay Srivastava
Tariff concessions alone will not secure India’s long-term economic success; strengthening manufacturing competitiveness is the key, says Ajay Srivastava.
Fatty liver new treatment found: Study discovers a medicine that reverses severe fatty liver by just repairing the gut
A new experimental drug shows promise for severe fatty liver disease. This compound targets the gut, not the liver directly. It repairs a damaged intestinal barrier, reducing toxins reaching the liver. This discovery offers a fresh treatment path for a widespread condition. Human trials are needed to confirm its safety and effectiveness.
Education-loan AUM of NBFCs seen up 20 pc despite slower US biz: Report
Education loan assets for NBFCs are projected to grow steadily at twenty percent this fiscal year. Diversification across study destinations offsets demand impact from US policy uncertainties. Asset quality remains robust and is expected to stay stable during this period. US-linked disbursements declined sharply, while UK and other destinations gained traction. The US share of education loan assets fell significantly as of March 31, 2026.
AI can write code in minutes. Can it keep it secure?
AI-driven vibe coding accelerates software development significantly. This rapid pace often bypasses traditional security and review processes. Security debt accumulates through small, speed-driven decisions made without scrutiny. Organizations must adapt by integrating security into development workflows. Building fast requires fortifying defenses at the same accelerated pace.
HDFC Bank's total workforce witnesses reduction of 3,343 employees in FY26
HDFC Bank reduced its workforce by 3,343 employees during the last fiscal year. The bank's total balance sheet expanded by twelve percent to over forty-three trillion rupees. Employee attrition stood at twenty-three percent, while senior management roles saw an increase.
FCNR inflows may reduce banks' reliance on CD market in Q2 FY27: Report
Foreign currency deposits may reduce bank reliance on certificate of deposit issuances. Strong credit growth will continue to support certificate of deposit issuances in the near term. However, FCNR (B) deposit inflows will determine certificate of deposit volumes in the second quarter. Commercial paper issuances are expected to remain strong for NBFCs and corporates. Elevated refinancing needs will sustain primary market activity for commercial papers.
US Stock Market: Fed Chair Kevin Warsh unveils expert panels to overhaul US Central Bank policy framework
Federal Reserve Chairman Kevin Warsh announced a comprehensive review of monetary policy. Five taskforces comprising prominent economists will lead this extensive review. These panels include experts from academia, business, and technology sectors. The review will examine monetary policy, communication, data analysis, and operational decision-making. This broad effort signals a reassessment of key aspects of the central bank's operations.
Nifty Bank rises 400 points as HDFC Bank, IndusInd, other stocks jump up to 3% after Q1 updates
The Nifty Bank index rose over 400 points on Monday as gains in HDFC Bank, IndusInd Bank and ICICI Bank outweighed a sharp decline in Kotak Mahindra Bank. Investors reacted to first-quarter business updates, with HDFC Bank emerging as the top gainer after reporting healthy growth in advances and deposits.
Kotak Mahindra Bank shares fall over 3% after Q1 update; advances jump 15% to Rs 5.12 lakh crore
Kotak Mahindra Bank's shares dipped over 3% following its Q1 FY27 business update. While net advances saw a healthy 15% year-on-year jump to Rs 5.12 lakh crore, and total deposits grew nearly 12%, a sequential slowdown in deposit growth and a dip in current and savings account deposits may have concerned investors. The bank also recently announced the acquisition of Deutsche Bank's India retail and wealth management business.
Indian banks slash short-term debt sales on cheaper forex funding
Indian banks are significantly reducing their reliance on short-term debt sales, known as certificates of deposit (CDs). This shift is driven by the Reserve Bank of India's initiative to attract foreign-currency deposits, offering a cheaper and more stable funding alternative. Lenders anticipate this trend to continue, impacting CD rates and strengthening their balance sheets with more durable capital.
PNB shares decline 3% after Q1 business update; global business nears Rs 30 lakh crore
Punjab National Bank's Q1 FY27 business update reveals a robust 12.85% year-on-year surge in global advances, reaching Rs 12.75 lakh crore. Deposits also saw a healthy 8.52% rise. The bank's overall global business crossed Rs 30 lakh crore, marking over a 10% YoY increase. These positive trends are set to keep PNB shares in the spotlight.
NCLAT upholds ED's PMLA powers over insolvency moratorium
The National Company Law Appellate Tribunal has ruled that companies in insolvency proceedings cannot shield assets suspected of being proceeds of crime. Upholding actions by the Enforcement Directorate (ED) against Siddhi Vinayak Logistics Ltd., the tribunal stated that the Prevention of Money Laundering Act's (PMLA) adjudicatory mechanism holds exclusive jurisdiction over such attached assets.
How Pete Hegseth is destroying the Pentagon: Critics cite leadership purges, falling morale, and loyalty-driven decisions
US Defense Secretary Pete Hegseth faces intense scrutiny over allegations of damaging military morale and sidelining expertise. Critics claim his leadership style prioritizes loyalty over experience, leading to high-profile departures of senior commanders. Decisions, including a massive defense budget and controversial weapons systems, are reportedly made without adequate military counsel, sparking internal dissent and a public approval slump.
Some Indian banks poised for interest margin gains as short-term funding costs fall
Indian banks are poised for improved interest margins this quarter, thanks to the Reserve Bank of India's liquidity-boosting measures. These initiatives are driving down the cost of short-term funding, with certificate of deposit rates already seeing significant drops. Experts anticipate further easing, suggesting banks can now secure funds more affordably, directly benefiting their profitability and allowing for cheaper refinancing of existing debts.
Spain vs Uruguay: Who is Alex Baena? Midfielder's goal sends Spain into World Cup knockout stage
Spain defeated Uruguay 1-0 to finish top of Group H and qualify for the FIFA World Cup knockout stage, with Alex Baena scoring the decisive goal. The 24-year-old Atletico Madrid winger netted his first World Cup goal, continuing his rise after spells with Villarreal and Girona. The defeat knocked Uruguay out of the tournament.
Slum Rehabilitation Authority identifies 18 more clusters across Mumbai region for redevelopment
The Slum Rehabilitation Authority (SRA) has identified 18 more slum clusters across the Mumbai Metropolitan Region for redevelopment under Maharashtra’s Slum Cluster Area Redevelopment Scheme, buoyed by strong investor interest in its pilot project in Andheri (West).
White House says Trump to meet PM Modi in France; no word from Indian side yet
President Trump and Prime Minister Modi are set to meet in France. This meeting comes as US forces have attacked merchant ships carrying Indian nationals in the Gulf of Oman. An Indian dhow sank off Oman, but all 14 crew members were rescued. The US Navy assisted in the rescue.
Inside Samsung's strategy to own every tier of the Smart appliance market
Samsung's new Bespoke AI refrigerator range targets India's growing premium appliance market with a three-tiered strategy. From practical Double Door models for everyday households to advanced French Door units acting as kitchen hubs, each segment integrates AI, SmartThings connectivity, and energy intelligence.
CD rates may fall up to 100 bps as banks tap overseas deposits, loans
Interest rates on short-term financial instruments like Certificates of Deposit are poised to decrease across India. This anticipated drop, estimated at 75-100 basis points by July, follows large public sector units and banks tapping overseas loans and deposits. This influx of foreign funds is expected to cool domestic yields and ease borrowing costs for businesses and the government.
After Lalit Modi's 'diamond digger' remark on Sushmita Sen, director Vikram Bhatt recalls dating Miss Universe while being broke: 'I didn't have money to even buy poison'
Filmmaker Vikram Bhatt recently revealed he was financially struggling while dating Sushmita Sen, even struggling to afford basic items. He worked on major film projects and dated the famous actress during this difficult period. The director's comments echo Lalit Modi's recent defence of Sushmita, suggesting she was financially independent. Read on!
ICICI Bank shares fall 10% in 6 months. Here’s why Motilal Oswal sees 41% upside potential
Motilal Oswal Financial Services maintains a 'Buy' rating on ICICI Bank, projecting a 16% loan CAGR and sustained profitability despite recent stock underperformance. The brokerage highlights the bank's robust asset quality, strong liability franchise, and cost leadership, anticipating a significant upside potential of 41% with a target price of Rs 1,750.
Witcher 3 expansion: New story expansion title for The Witcher 3 revealed, release window, console platforms announced
Witcher 3 expansion pack, titled "Songs of the Past", will be available on PC, PlayStation 5, and Xbox Series X|S consoles.
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