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The Economic Times Axis Bank launches digital US Dollar Fixed Deposits for NRIs at GIFT City

Axis Bank launched digital US dollar fixed deposits for NRI customers at IBU, GIFT City, offering a paperless solution, flexible tenures, attractive interest rates, and digital control over investments, including the option for partial closure.

The Economic Times Mumbai beats Beijing to emerge as the new billionaire hub of Asia, Hurun Research's list shows

Mumbai has become Asia's leading billionaire hub, surpassing Beijing for the first time, according to Hurun Research's 2024 Global Rich List. The financial capital of India now has 92 billionaires, edging past Beijing's 91. This places Mumbai third globally in terms of billionaires, with New York leading with 119 and London with 97.

The Economic Times Fulcrum Digital appoints Sathish Raghunathan as CFO

Fulcrum Digital selects Sathish Raghunathan as CFO, drawing on his diverse financial experience to lead the company's strategic financial operations.

The Economic Times Top companies back move to set up open cloud compute network

People+ai, an initiative by EkStep Foundation co-founded by Nandan Nilekani, set out last year to address increasing compute demand in the country, which is increasing with AI.

The Economic Times Rupee likely to lean on RBI help; bond yields to track US Treasuries

INDIA-WEEKAHEAD-Rupee likely to lean on RBI help; bond yields to track US Treasuries

The Economic Times Fed's Goolsbee says he sees three rate cuts this year

USA-FED/GOOLSBEE (URGENT)Fed's Goolsbee says he sees three rate cuts this year

The Economic Times 'Ready-to-eat market in India may grow 45% in 5 years'

SATS Food Solutions taps into India's growing ready-to-eat market potential with a focus on automation and IoT at its Bengaluru facility. The company aims to maintain taste consistency and develop new recipes through chef involvement.

The Economic Times RBL Bank aims to grow retail with new products, cut back on wholesale book

"We are launching multiple products in respect of assets and we want the branches to build the assets. All these products will be used for acquiring the customer. Our probability of acquiring him is limited if we don't have products lined up. If somebody wants an education loan and we don't have it, he will go to another bank and probably take deposits too. So retaining liability without a corresponding product is going to be a challenge," says RBL Bank CEO R Subramaniakumar.

The Economic Times Saluja-led Religare suffers setback as shareholders reject two proposals

Corporate watchers said the decision by shareholders is significant given that the Burmans have announced an open offer to acquire an additional 26% of Religare's equity, a move opposed by the company's management. Currently, Religare does not have founder shareholders and is owned by the public.

The Economic Times IRDAI retains existing surrender value norms after pushback from industry

The Insurance Regulatory and Development Authority of India (IRDAI) has decided to maintain existing surrender values for life insurance policies following concerns raised by insurers. The regulator has also allowed the sale of Index Linked Insurance Products tied to publicly available indexes. Initially proposed higher surrender values in draft regulations were reconsidered due to industry feedback, with IRDAI opting to retain the regulations.

The Economic Times Raise component for ETFs within cap, RBI

RBI cautious on raising overseas equity limits via mutual funds for risk management. $7bn stock limit, $1bn ETF limit. Indian mutual funds navigating tight regulations, eye international diversification.

The Economic Times Services inflation to stay muted for now; but a pickup is not far away

India's services inflation expected to remain subdued, with a potential increase later. The industry may experience a surge in various costs, reflecting the country's complex economic recovery and differing opinions on future trends.

The Economic Times Adani Ports to buy 95% of Odisha's Gopalpur Port for $162 million

Adani Ports will purchase a 56% stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group (SP Group) and a 39% stake from Orissa Stevedores.

The Economic Times CBI, banks differ over fair hearing to ‘old’ cases of ‘fraud’

CBI is reportedly insisting on what could be a retrospective application of last year’s SC ruling that a borrower must be given a hearing before the account is classified as ‘fraud’ and a “reasoned order” must follow if such an action is taken. But bankers are unwilling to go back to these past matters.

The Economic Times India pips countries like Germany, Britain in GDP (PPP) gains: Report

As countries like Germany, Japan and the UK continue to drop down in GDP (PPP) rankings over the years, India has achieved significant gains in GDP and the country's share has been significantly increasing, a latest report has revealed.