UniCredit CEO says deal with Commerzbank likely as talks resume

The rupee rose 5 paise to 96.48 against the US dollar in early trade on Thursday on possible intervention by the Reserve Bank even as heightened tensions in West Asia maintained pressure on global crude oil prices. FII outflows and sustained negative sentiments in the domestic equity markets added pressure on the local…

RIAs of all sizes are starting to grapple with the cost and implementation of AI, potentially speeding some smaller firms to consider a sale.

We Don’t Need No Education A few weeks back, I wrote about how finfluencers increasingly represent the first introduction to the world of investing for those who have grown up in the social media age. The column referenced a well-known Norwegian financial influencer who agrees that many young people come across financial ‘experts’ online and…

A father cannot legally give away his daughter’s share in ancestral property to her brother simply by signing a relinquishment deed, the Andhra Pradesh High Court has ruled, reaffirming that women have an independent legal right in coparcenary property under Hindu law.   The judgement is a reminder that many families continue to…

Mortgage application activity rebounded last week as stronger home purchase demand offset a modest decline in refinancing, even with borrowing costs climbing to their highest level since last August. The Mortgage Bankers Association (MBA) reported a 1.9% increase in total application volume on a seasonally adjusted basis for the week ending July 17. Purchase applications…

Minutes Item 1 – Welcome The Governor began the meeting by thanking attendees for joining and reminding participants of the purpose of these meetings. The Governor made clear that the MPC would be in listening mode, and that the meeting would be conducted in accordance with relevant competition and conduct laws, as per the terms…