‘GNPA ratio will moderate to 2.75% by FY25 end’
UCO Bank is aiming to improve asset quality and maintain margins in the current year, managing director and CEO Ashwani Kumar tells Piyush Shukla. UCO Bank is aiming to improve
Economy
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Economy
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Govt brings down windfall tax on crude oil to Rs 8,400/tonne
The government had first imposed windfall tax in July 2022 to tax the profits of crude oil producers when the crude oil prices went high globally on the back of
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Stock Market
Shell smashes forecasts with $7.7 billion quarterly profit
By Ron Bousso LONDON (Reuters) -Shell reported first-quarter profit of $7.7 billion on Thursday, sharply beating expectations after disruptions in the Red Sea and Russia lifted oil refining and trading.
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Stock Market
Stocks soothed by Fed signals, yen swings again
By Marc Jones LONDON (Reuters) – A sense of relief percolated through world markets on Thursday after the Federal Reserve shot down talk of pivoting back to interest rate hikes,
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Stock Market
European shares struggle for direction in earnings tide, Fed decision
By Ankika Biswas (Reuters) -European shares flitted in a tight range on Thursday, after falling to a one-week low in early trade, as investors returned from a mid-week holiday to
Commodities
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Sustainable living offers hope for future for Hungarian families
By Krisztina Than and Krisztina Fenyo LADANYBENE, Hungary (Reuters) – Laszlo Kemencei lives as sustainably as possible on his small farm in eastern Hungary. He believes the land is effectively
Commodities
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Oil prices rebound on hopes US will replenish strategic reserve
By Mohi Narayan and Yuka Obayashi NEW DELHI (Reuters) -Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the U.S., the
Commodities
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Column-Texas enters peak season for power output and emissions: Maguire
By Gavin Maguire LITTLETON, Colorado (Reuters) – The four-month window from May through August marks the high point for power generation and demand in the state of Texas, the largest
Cryptocurrency
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Binance Crypto Exchange Founder Changpeng Zhao Sentenced to 4 Months in Prison
Binance agreed to a $4.32 billion penalty, and Zhao paid a $50 million criminal fine plus $50 million to the US Commodity Futures Trading Commission. Prosecutors said Binance employed a
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Technology
Snapchat gets AI makeover, gains chat-editing capability
Snapchat gets an AI makeover and other features, but to experience most of these, a Snapchat+ subscription is required. Snapchat, with its latest update, has added a bunch of new