In the age of rapid technological advancement and relentless consumerism, humanity stands at a crossroads. The promise of innovation and convenience has been marred by a culture of excess, driving middle-class families into an endless cycle of debt and despair. This dual force of technology and consumerism has reshaped societal norms, fostering habits of overconsumption while deepening the financial burdens on everyday individuals.
Author: BNW News
90-hour week difficult number to clock in, work quality matters, says BharatPe CEO
The comment assumes significance as it came at a time when there is a spotlight over gruelling work hour expectations in corporate India, after L&T Chairman SN Subrahmanyan expressed regret over not being able to make staff work on Sundays.
Kotak Mahindra Bank Q3 profit rises 10% on higher lending income
Kotak’s provisions and contingencies, or funds set aside for potential bad loans, jumped 37% to 7.94 billion rupees.
First Indian startups picked for Indo-US defence programme, report
The companies include space imaging company KaleidEO, rocket makers EtherealX and AI-driven company Shyam VNL. They will participate in a programme for defence and dual-use technology and explore opportunities to work with the U.S. Defense Innovation Unit, the Department of Defense and other government agencies on satellite observation and emerging space and defence technologies.
India’s Forex Reserves Fall to 10-Month Low Amid Rupee Pressure
India’s forex reserves fell to a 10 month low as RBI sold dollars to support Rupee
RBI imposes monetary penalty on Mukkuperi Co-operative Urban Bank
This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
RBI Bulletin: India’s Economic Growth Poised for Revival as Demand Strengthens
Authored by a team led by Michael Patra, who recently stepped down as RBI Deputy Governor, the article highlights that domestic demand is strengthening across the board. “Rural demand, in particular, is gaining momentum, underpinned by resilient consumption and brighter prospects for agriculture,” it noted.
Sensex ends at 76632, down 0.53%: 5 Factors Behind the Market Slump
The benchmark indices reflected investor caution amidst global and domestic uncertainties. Here are the five key factors contributing to this market downturn:
WazirX freezes first tranche of stolen funds, approximately worth $3M USDT
Abiding by their efforts of recovery of Stolen Assets while the platform goes through restructuring proceedings, Zettai has been working in partnership with law enforcement agencies, forensic experts, investigating authorities as well as legal experts to trace and retrieve stolen assets while charting the best course of action for all of the Platform’s affected users, the company said.
IIFL Finance raises USD 325 Million Senior Secured Bond from International Markets
The proceeds from this issuance will be used for onward lending, as per the External Commercial Borrowing (ECB) Guidelines by the Reserve Bank of India (RBI).