Oil prices are climbing once again, creating fresh worries for investors and oil-importing countries like India. After a brief fall in crude prices, tensions in the Middle East have pushed Brent crude back towards the $87-$88 per barrel level.
Indian Economy
PNB Q3 Results: Net Profit Jumps 13% to ₹5,100 Crore, Asset Quality Improves
PNB Q3 Results: Punjab National Bank (PNB) posted a strong set of Q3 results, reporting a 13% year-on-year jump in net profit to ₹5,100 crore. The PSU bank’s performance was supported by healthy loan growth, improved asset quality, and better recovery from bad loans.
Can Gold ETFs Help India Reduce Current Account Deficit? Explained Simply
India has a strong emotional and cultural connection with gold. Every year, Indians buy a large quantity of physical gold like jewellery, coins, and bars. Because India does not produce enough gold locally, most of it is imported, which increases the Current Account Deficit (CAD).
Japanese Investors Eye India with Big Deals in Steel, Banking and Markets
The first three weeks of December witnessed a trio of big-ticket cross-border deals involving Japanese entities, underscoring a renewed surge of interest of investors and corporations to India from the Land of the Rising Sun.
Gold Loan Market Growing Fast: Enough Space for All Players, Says Muthoot’s George Alexander
The Indian gold loan market is expanding rapidly, and Muthoot Finance MD George Alexander Muthoot says the sector has enough room for all players to grow. Read the latest insights on demand, competition and future trends in the gold loan industry.