12:10 PM
Blogger
Banks across several states will observe closures for Chhath Puja, with Bihar and Jharkhand experiencing two-day holidays and West Bengal a one-day closure. These state-specific holidays mean banking operations in other regions will proceed as usual. Digital banking services remain accessible for customers during this period.
12:10 AM
Blogger
India's foreign exchange reserves surged by $4.496 billion to $702.28 billion, primarily due to a significant increase in gold reserves. This rise offset a dip in foreign currency assets, highlighting the Reserve Bank of India's growing preference for gold over dollar-based assets.
8:10 PM
Blogger
India's central bank is strategically shifting its foreign exchange reserves, favoring gold over dollar-based assets. The RBI has significantly increased its gold holdings, now exceeding 880 tonnes, while simultaneously reducing its investments in US Treasury Securities to a seven-month low.
2:10 PM
Blogger
Blackstone is investing Rs 6,196.51 crore for a 9.99% stake in Federal Bank via warrants. This strategic move, approved by the bank's board, aims to bolster capital for retail, SME, and digital growth. Shareholder and regulatory approvals are pending for this significant private capital infusion in the Indian banking sector.
1:10 PM
Blogger
Gold prices have seen a significant 3% drop, ending a nine-week rally. This correction is attributed to profit-booking, a stronger dollar, and increased confidence in a US-China trade deal. While short-term pressure exists, experts foresee a positive long-term outlook driven by global monetary shifts and central bank buying.
9:10 AM
Blogger
Bajaj Broking Research highlights Inox Wind and Zaggle Prepaid Ocean Services as top stock picks for October 24, 2025. The Nifty and Bank Nifty are showing bullish momentum, with potential for further gains despite overbought conditions.
4:10 PM
Blogger
Good news for bank customers! From November 1, 2025, you can nominate up to four individuals for your accounts, either simultaneously or in succession. This move by the Finance Ministry aims to streamline claim settlements across banks, offering greater flexibility and clarity for depositors and their chosen beneficiaries. Specific share allocations can also be designated.
12:10 PM
Blogger
Banks in several Indian states are closed today, October 23, in observance of Bhai Dooj and other regional festivals. This follows a series of bank holidays throughout October. While in-person banking services may be affected, customers can still utilize online banking, ATMs, and mobile apps for transactions.
9:10 AM
Blogger
Top stock market recommendations: Navin Fluorine International, Lloyds Metals And Energy, and Bank of Maharashtra are recommended as top buy calls by Aakash K Hindocha. Nifty has broken out of a cup and handle formation, targeting 26200, while Bank Nifty hit fresh all-time highs, with upside potential to 58650.
12:10 AM
Blogger
India's gold reserves have crossed 880 tonnes, with the RBI adding 0.6 tonnes in the first half of 2025-26. The precious metal's value reached $95 billion by September 2025. This surge reflects global economic and geopolitical uncertainties, boosting gold's appeal as a safe haven for central banks and investors worldwide.
4:10 PM
Blogger
Gold and silver prices are experiencing a temporary correction after a significant rally, with experts predicting a strong long-term outlook. Despite recent dips, global demand, central bank buying, and geopolitical factors are expected to support further price increases for gold. Silver also saw a substantial rise and may consolidate before resuming an upward trend.
9:10 AM
Blogger
Banks in several Indian states are closed on October 22 for Diwali and its associated observances. This festive week sees multiple bank holidays across different regions. While in-person banking services are unavailable, customers can still utilize online banking, ATMs, and mobile apps for essential transactions.
6:10 AM
Blogger
11:10 PM
Blogger
Canada's inflation hit 2.4% in September, fueled by soaring grocery costs and less of a gasoline price drop. Shelter expenses also climbed significantly. Despite these pressures, economists note core inflation remains high. Prime Minister Carney is in talks with the US to ease tariffs impacting key Canadian industries and consumers, ahead of a crucial Bank of Canada meeting.
1:10 PM
Blogger
As India celebrates Samvat 2082, LKP Securities unveils its top stock picks for Muhurat Trading, anticipating up to 30% gains. The brokerage highlights Bajaj Finance, Divi's Laboratories, FSN E-Commerce Ventures, Swiggy, State Bank of India, and SBI Cards, citing strong technical indicators and bullish chart patterns for these selections.
12:10 PM
Blogger
Gold price prediction: Gold prices are expected to be volatile, with analysts advising investors to buy on dips rather than chase the rally. Despite easing trade tensions and bank concerns, gold saw a sharp rise, driven by ETF inflows and anticipation of Fed rate cuts. Silver also experienced a significant rally, with a similar 'buy the dip' strategy recommended.
2:10 AM
Blogger
11:10 PM
Blogger
Goldman Sachs sees a strong comeback for Indian banking stocks. Improving financial conditions and attractive valuations are expected to boost the sector. Low earnings expectations may lead to positive surprises. Profit growth is forecast to rebound in FY26. The Nifty Bank index is projected to outperform the broader market, offering substantial upside potential.
10:10 PM
Blogger
Argentina's central bank formalized a $20 billion currency swap with the United States to bolster economic stability and international reserves. This accord, backed by the Trump administration, arrives before crucial mid-term elections, offering vital support to President Milei amidst rising inflation and economic pressures.
6:10 PM
Blogger
Indian stock markets extended their winning streak for the fourth consecutive day, closing in the green on Monday. Benchmark indices, led by strong quarterly results from major lenders and a rebound in global risk appetite, saw the BSE Sensex and NSE Nifty50 rise. The Bank Nifty also hit a new all-time high, reflecting robust investor confidence.
12:10 AM
Blogger
US stock markets are showing signs of shakiness as investors brace for a week filled with corporate earnings and delayed inflation data. Renewed US-China trade tensions and credit concerns at regional banks have increased market volatility, with a key gauge of fear surging. Investors will closely monitor third-quarter earnings reports for insights into corporate profits and broader economic health.
2:10 PM
Blogger
India's gold market anticipates a strong year-end and early 2026, with prices expected to climb due to a weakening rupee and rising global rates. Analysts predict domestic gold to trade between Rs 1,20,000–Rs 1,35,000 per 10 grams this year, potentially reaching Rs 1,45,000 next. Strong festive demand and central bank buying are also fueling this rally.
5:10 AM
Blogger
12:10 AM
Blogger
HSBC projects gold prices could surge to $5,000 an ounce by early 2026, driven by geopolitical risks and economic uncertainty. The bank raised its 2025 and 2026 average forecasts, citing robust central bank purchases and rising ETF inflows. Other major banks share a similarly bullish outlook, anticipating sustained demand for gold's safe-haven and diversification qualities.
RSS Feed
Twitter
