financial sector News

Q1 Earnings Season Kicks Off: Delta, Levi Strauss, and Major Banks in the Spotlight

The first-quarter earnings season starts with Levi Strauss, Delta Air Lines, and major US banks reporting their results. Analysts expect mixed performances amid new tariff policies...

US Job Cuts Skyrocket to 275,240 in March, Marking the Highest Since May 2020

In March, the US experienced a significant surge in job cuts, totaling 275,240, the highest since May 2020. Government positions were the most affected, with a 672% increase in cut...

Patanjali and DS Group Acquire Magma Insurance in a Landmark Rs 4,500 Crore Deal

Patanjali Ayurved and DS Group have acquired a controlling stake in Magma General Insurance in a deal valued at Rs 4,500 crore. This strategic move marks Patanjali's first major en...

Switzerland to Remove EU from Stock Exchange Protection List in Historic Move

Switzerland announces the removal of the EU from its stock exchange protection list by May 2025, a move set to benefit Swiss businesses and foster financial sector growth.

Stockholding Services Slapped with Rs 9 Lakh Fine for KYC Compliance Failures

Sebi fines Stockholding Services Rs 9 lakh for KYC compliance failures, highlighting the importance of stringent client verification processes in the financial sector.

India's Financial Sector Poised for a Robust 2025, Says RBI Governor Malhotra

RBI Governor Sanjay Malhotra forecasts a strong entry into 2025 for India's financial sector, citing robust earnings, low impaired assets, and solid capital buffers. Despite global...

South Korea's Financial Sector Braces for Political Instability Impact

South Korea's financial sector is on high alert due to the recent martial law declaration, with institutions closely monitoring liquidity levels and capital adequacy ratios. Financ...