MUMBAI: The surge in retail credit in India rests on a quiet infrastructural shift-the growing ability of lenders to judge creditworthiness of borrowers quickly and cheaply. What has made this possible is a dramatic fall in the cost of obtaining credit reports, aided by digital scale and the proliferation of fintech platforms that allow consumers…
NEW DELHI: Ten years later and after two attempts, govt has failed to privatise IDBI Bank, the perpetual problem child, leaving potential bidders fatigued and raising questions over the process as well as future disinvestment plans.It wasn’t the first time that the Centre tried to exit IDBI Bank, with the plan first announced by former…
MUMBAI: The conflict in West Asia is prompting both underwriters and policyholders to reassess the efficacy of travel insurance in addressing geopolitical risks, one of the more persistent uncertainties in recent years.Early signals are visible in claims behaviour. “We have received travel inconvenience claims i.e. flight cancellation, trip cancellation/ interruption, accommodation extension etc. We have…
Why Are Sirens Blaring in Bahrain? Residents Urged to Seek Shelter Amidst Escalating Iran vs US-Israel War Panic and urgency gripped Bahrain as warning sirens echoed across the country, with authorities issuing an immediate advisory urging residents to seek shelter. The alert, issued by the Interior Ministry, called on citizens and residents to remain calm…
Indian equity benchmarks continued their upward move for a third straight session on Wednesday, with the BSE Sensex adding nearly 3,000 points over the past three trading days, prompting debate on Dalal Street over whether the recent recovery marks a sustainable bottom or just a short-term bounce, according to an ET report.The NSE Nifty ended…
NEW DELHI: As the Rajya Sabha bid farewell to 59 MPs, PM Narendra Modi told retiring members there is no full stop in politics, while praising the service of senior MPs like H D Deve Gowda, Sharad Pawar and LoP Mallikarjun Kharge.Addressing the House, Modi said that on such occasions, “we rise above partisan differences,…
NEW DELHI: Failure to pay user fee because of faulty FASTag or for low balance in the tag while crossing a barrier-less plaza on NH network will cost you double, if you don’t pay the user charge within 72 hours, as per a govt notification. Similarly, if the tolling agency fails to examine and dispose…
India-flagged tanker Jag Laadki, carrying crude oil imported from the UAE, arrives at Mundra port in Gujarat on Wednesday NEW DELHI: Amid the scarcity of oil, a tanker carrying Russian crude that is likely to dock at New Mangalore Port on Saturday, according to data from ship tracking website Marine Traffic, is generating significant interest.The…
Given the current situation in the Middle East, Dubai Global Village has cancelled its annual Eid Fireworks in 2026. Eid Al Fitr in the UAE is expected to begin around March 19, 2026, depending on the sighting of the moon. It’s an important update for travellers planning to visit Dubai during the holidays. Global Village…
Jerome Powell (AP file photo) US Federal Reserve policy: Jerome Powell-led Federal Open Market Committee (FOMC) on Wednesday kept interest rates unchanged within the 3.50%-3.75% band. “In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 3‑1/2 to 3‑3/4 percent. In considering the extent and timing…