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…
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…
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…
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…
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…
India’s net direct tax collection increased 7.1 per cent to about Rs 22.8 lakh crore till March 17 in the current financial year, aided by higher corporate tax mop-up and slower refund outgo, according to official data released on Wednesday.Data shared by the Income Tax Department showed that net corporate tax collection grew by around…
The United States has eased sanctions on Venezuela’s state-owned oil sector, allowing American companies to resume limited business with Petróleos de Venezuela S.A. (PDVSA), as the Donald Trump administration seeks to expand global oil supplies during the ongoing Iran conflict, AP reported.The US Treasury Department on Wednesday issued a broad licence permitting PDVSA to sell…
US wholesale prices rose more than expected in February, reflecting mounting inflationary pressures even before the recent surge in global energy prices linked to the Iran conflict, according to data released by the Labor Department as reported news agency AP.The department reported on Wednesday that its producer price index (PPI), which measures inflation at the…
File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has temporarily waived the century-old Jones Act for 60 days in a bid to ease rising energy costs in the United States, after the US-Israeli war with Iran sent oil markets sharply higher and pushed up petrol prices.As per news agency AFP,…
NEW DELHI: India is deploying additional warships in the Arabian Sea and the Gulf of Oman to ensure safe passage for its fuel and LPG carrying vessels as tensions escalate around the Strait of Hormuz, Bloomberg reported citing sources.The Indian Navy has positioned more than half a dozen warships, including logistics vessels, as a precautionary…
