UK Finance Minister Rachel Reeves unveiled a cautious Spring Statement with increased borrowing and restrained spending. Despite a weak economic outlook, bond markets rallied due to reduced gilt issuance forecasts, offering short-term relief. Analysts warn of long-term fiscal risks ahead of the general elections.
Digital Gold allows you to buy gold online with full ownership, while Gold ETFs are traded on exchanges and represent gold-backed securities.
Jio Financial and Allianz SE are set to redefine India’s insurance market through a strategic partnership, leveraging Jio’s vast digital reach and Allianz’s global expertise to enhance insurance accessibility.
IndusInd Bank shares plunged 36% due to discrepancies in its derivatives portfolio and leadership uncertainties. Investors must assess risks carefully, as market volatility and regulatory scrutiny could impact future stability and recovery.
SBFC Holdings sold a 1.3% stake in SBFC Finance for ₹112 crore via an open market transaction, offloading 1.36 crore shares at ₹82 apiece, reflecting strategic portfolio adjustments post-listing.