RUSSIAN CENTRAL BANK ASSETS

Creditors had divided FEL's assets into three clusters - insurance, textile businesses, and other residual stakes including its investments in a manufacturing unit each at Tarapur-Palghar in Maharashtra and Mahadevapura-Bengaluru in Karnataka. Centr...

Oil prices remained steady on Tuesday, balancing concerns over China's economic recovery, tensions in the Middle East, and Ukrainian attacks on Russian refineries.

Leaders of the G7 agreed at a summit in Italy last week to use interest from Russian assets frozen in the West to provide a $50 billion loan to Ukraine. Russia says the action is illegal and will rebound against the West by undermining confidence in...

Russian President Vladimir Putin criticised the freezing of Russian assets abroad as "theft" and vowed to retaliate. G7 leaders agreed on a $50 billion loan for Ukraine using profits from frozen Russian assets, prompting US President Joe Biden to em...

President Biden and European leaders have agrees to provide Ukraine with a $50 billion loan using profits from frozen Russian assets. After the Russian invasion of Ukraine, the US and Europe froze $300 billion in Russian sovereign assets. Most of th...

The Reserve Bank of India has declined the reappointment of RK Bansal as MD and CEO of Edelweiss Asset Reconstruction (ARC), citing regulatory lapses and allegations of loan evergreening. This decision follows a recent ban on Edelweiss ARC and its s...

The Group of Seven leaders have reached a historic agreement to provide a $50 billion loan to support Ukraine in its ongoing conflict with Russia. This loan will be backed by interest earned on profits from Russia's frozen central bank assets, with ...

Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. However, the Fed l...

Russia is deploying maritime and air assets in the Caribbean region. The US is not concerned at this stage but is closely monitoring the developments.

I believe that the market is going to remain positive. Investors are going to be remaining confident. Maybe these numbers are going to be forgotten after a couple of days once the ministries and the governments are formed.

"We want to ensure that one style does not get imposed on all products and there is enough diversity of styles and products," says Ashish Gupta, CIO, Axis Asset Management.

Gold prices have surged to a record high of $2,400/oz, driven by uncertainty rather than demand. Central banks have significantly increased their gold holdings, with a notable shift towards ETF investments.

The G7 froze some $300 billion of Russian assets shortly after Moscow invaded its neighbour in February 2022. "We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russia...

Gold prices have moved up sharply in recent times and outperformed the Nifty 50 over a 5-year period returning 17.39% against the Nifty's return of 15.24%. However, it trailed over a 10-year period returning 9.02%, against the Nifty 50 return of 13....

World Bank President Ajay Banga is open to managing a fund for Ukraine, disbursing a G7 loan using earnings from frozen Russian assets for non-military purposes.

Ukraine's allies are debating how to use frozen Russian assets to support Kyiv's war effort amid Russia's territorial gains. The issue of $260 billion in Russian assets frozen abroad is a key concern at the G7 meeting in Italy.

The Russian rouble reached its highest level since January against the dollar, supported by high interest rates, capital controls, and increased state forex sales. Presidential decree mandated capital controls, and the central bank's hawkish stance ...

The European Union on Tuesday formally approved using the profits from frozen Russian central bank assets to arm Ukraine, as the United States presses for a more ambitious plan. The final approval of the EU scheme, after months of legal wrangling, c...

Bank of Maharashtra, a state-owned lender, demonstrated impressive growth in total business and deposit mobilization during the last fiscal year, outperforming many public sector banks struggling to achieve double-digit growth. With a 15.94% rise in...