The Allahabad High Court has clarified that a bank cannot automatically treat a widow’s independently held funds as liable for her late husband’s debt, emphasising lawful recovery procedures and the distinction between legal heirs and co-borrowers. The Allahabad High Court…
A deepening conflict within Tata Group pits Tata Trusts against Tata Sons over control and future listing plans, prompting potential court intervention and regulatory battles. The Tata Group’s latest boardroom dispute is moving beyond corporate governance and into a potentially…
Asian gold prices hover close to $4,375 an ounce as traders assess persistent inflation, higher US borrowing costs, and the Fed’s tightening measures, with prospects of further rate hikes looming. Gold prices in Asia held close to $4,375 an ounce…
India’s recent move to impose a 0.4% merchant discount rate on high-value UPI transactions risks reconfiguring the competitive landscape between traditional credit cards and RuPay cards, potentially favouring the latter in everyday spending and challenging existing acceptance advantages. India’s move…
Employers in Jammu, Kashmir and Ladakh are called to swiftly enhance social security coverage for workers and align payroll systems with recent regulatory updates, including a significant increase in the wage ceiling for mandatory coverage under the social security code.…
Foreign portfolio investors resumed selling Indian shares in September’s first half, withdrawing nearly ₹14,116 crore amid sectoral shifts towards healthcare and defensive stocks, as concerns over inflation, crude prices, and geopolitical tensions influence global investment flows. Foreign portfolio investors turned…
A well-structured travel money strategy based on destination and itinerary details can streamline your first day abroad, avoiding stress over cash, card fees, and payment methods. A well-planned travel money strategy can make the first day of a trip noticeably…
The US Congress-backed sanctions measure targeting Russian energy buyers, including India, signals a shift in global power dynamics and challenges India’s efforts to diversify its foreign relations amidst existing tensions with Washington. Washington’s latest move against Russian energy buyers has…
Market responses to the Federal Reserve’s rate hikes often involve short-term dips, but historical patterns indicate these declines are typically temporary, with stocks usually rebounding as bond yields adjust. Current rapid increases in the 10-year Treasury yield are causing concern,…
South Korea’s financial regulator has issued warnings to borrowers about the complexities of securing lower loan rates and the importance of understanding repayment terms, amid varying lender conditions and potential rate changes upon renewal. Bank customers may assume that moving…
