MUMBAI: RBI’s Financial Stability Report has flagged a rise in early exits from life insurance policies, with surrenders and withdrawals now exceeding maturity pay-outs, signalling policyholder dissatisfaction and the risk of mis-selling. The report also said that surging distribution costs raise the risk of acquisition-cost-driven mis-selling.The report said total benefits paid by life insurers rose…
Stock market today: Dalal Street opens in green with Sensex gaining over 350 points, Nifty opens above 24,350 Stock market began the week on a positive note with benchmark indices opening 0.3% up. NSE Nifty 50 was trading at 24,355.35, up 83.80 points or 0.35% around 9:20. BSE Sensex jumped over 306 points to 78,070.22,…
AI generated image, used only for representational purpose Planning a bank visit? You might need to reschedule as banks across some parts of the country will remain closed on Monday. Knowing bank holidays in advance can help you to avoid an unnecessary trip, especially if you have time-sensitive branch work such as submitting documents, processing…
Gold prices began the week on a firm footing, holding close to a two-week high after weaker-than-expected US employment data reinforced expectations that the Federal Reserve may not rush into another interest rate increase. Spot gold traded around $4,175 per ounce on Monday after posting a gain of more than 2% last week, ending a…
Oil prices edged lower early on Monday after OPEC+ agreed to raise production targets again from August, while improving exports from the Gulf and higher Russian shipments fuelled expectations of increased global crude supplies.While Brent crude slipped 0.58% to $71.70 a barrel, WTI crude was down 0.36% at $68.44 a barrel around 7:30 am IST….
NEW DELHI: Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said.Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market…
NEW DELHI: Weekend rush in malls is not without reason as consumers splurge on fashion, entertainment, dining and electronics, resulting in nearly two-thirds of the weekly spend of urban consumers on Saturdays and Sundays.Looked another way, on an average, urban consumers spend Rs 6,700 during weekdays, while spending Rs 10,700 on weekends – resulting in…
NEW DELHI: Fresh uncertainty awaits India and several other countries, with the US Trade Representative moving ahead with just one of the two probes against American trading partners, as the deadline for phasing out the 10% additional tariff approaches.From Tuesday to Thursday, USTR will hold public hearings on the probe related to forced labour which…
NEW DELHI: Chinese artificial intelligence startup Z.ai is emerging as a fresh challenger to OpenAI and Anthropic after its latest flagship model GLM-5.2 gained traction among developers for delivering advanced coding and AI agent capabilities at a significantly lower cost.The Beijing-based company’s latest model has climbed developer rankings and drawn praise from prominent AI figures,…
MUMBAI: Titan’s CaratLane may look to tap into Dubai’s Damas Jewellery to foray into West Asia, scrapping earlier plans to launch into the region on its own, a top company executive said even though the scourge of the war on the region might prolong the entry timeline.Titan has bought a majority 67% stake in Damas…
