Young voters in Bangladesh dream of a future free from political chaos as the nation votes on January 7 January 4th, 2024 09:27
For decades, political battles in Bangladesh have been fought on the streets, often with violence, by parties led by two powerful women. But there are signs of a generational change as the country of 169 million heads into another general election Sunday.

Fed minutes cite lower inflation risks, concern about #39;overly restrictive#39; policy January 4th, 2024 07:30
Fed Chair Jerome Powell had laid out the broad contours of the meeting at a press conference held at its conclusion, noting that the central bank was likely done raising interest rates and expected to begin reducing borrowing costs by the end of 2024.

Confidential Jeffrey Epstein documents unsealed by New York court January 4th, 2024 07:30
The first of what are expected to be hundreds of documents identifying more than 150 individuals were unsealed Wednesday following an order last month by US District Judge Loretta A. Preska.

Markets see Fed’s exit from quantitative tightening nearing January 4th, 2024 07:30
Participants remarked the Committee’s plans indicated it would slow and then stop shrinking its balance sheet when reserve balances are “somewhat above the level judged consistent with ample reserves.”

SBI likely to raise up to Rs 5,000 cr more, via AT-1 bonds this month January 4th, 2024 07:27
“Bidding for the debt sale is likely on January 17th. It will be an AT-1 issuance with a call option after 10 years and every year thereafter,” a source aware of the development said.

Ujjivan Small Finance Bank's share of secured portfolio rises to 28.5% January 4th, 2024 07:27
The bank, which has a lineage of unsecured microfinance business, has seen its secured book inching up to 28.5% at the end of December against 27.5% a year back. A gradual pick-up in other secured businesses like loans to micro and small enterprises and micro mortgage loans also helped, the bank said Wednesday.

India's no longer 'fragile', can weather global market volatility January 4th, 2024 07:27
In the face of global financial market turbulence, India's rupee appears more resilient due to a narrowed current account deficit (CAD) and bolstered forex reserves. Increased exports post-pandemic buffered the CAD, keeping it manageable at 2% in FY23 despite soaring commodity prices. Forex reserves, standing at over $600 billion, fortify the RBI's ability to stabilize the rupee, marking a significant contrast to a decade ago when India was tagged among the 'Fragile Five' economies. Forecasts project a reduced CAD and stable rupee for the upcoming fiscal years.

Future enterprises' lenders appoint PwC as sale advisor January 4th, 2024 07:27
Lenders have divided FEL into three clusters. The first is the company's stakes in its life and general insurance ventures with Italian partner Assicurazioni Generali S.p.A. Banks are hoping for some recovery from FEL's remaining 26% stake in Future Generali India Insurance Co and also its residual stake in Future Generali India Life after Generali hiked its stake to above 70% in 2021.

'Metros drive consumption in H1, rural and semi-urban areas closing in' January 4th, 2024 07:27
Metro cities had grown the fastest from Q2 of last fiscal to Q1 of FY24. The aviation sector saw the highest growth of 29.7%, along with the hospitality sector at 12.8% in Q2 of FY24, reflecting an increased demand for travel, said the report. These travels may have been triggered by events such as the World Cup.

GMR Airports raises Rs 800 cr from Standard Chartered, Aditya Birla Fund & Varde Partners January 4th, 2024 07:27
GMR Airports secures a ₹800 crore debt facility from a consortium involving Standard Chartered Bank, Varde Partners, and Aditya Birla Special Situation Fund. This funding marks a part of the ongoing capital raising efforts by GMR Airports and its subsidiaries, totaling over ₹8,400 crore since November. The proceeds will be utilized for refinancing existing debt and investments across various airport-related ventures. The consortium investments aim to support GMR's strategic airport development initiatives across India and other international locations.