JPMorgan Chase will allow clients access to Bitcoin ETFs, marking a major shift despite CEO Jamie Dimon’s long-standing criticism of the cryptocurrency. While Dimon remains sceptical, likening Bitcoin to illicit activity, he supports clients’ right to invest. The move signals…
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Apple is looking to import most of the iPhones it sells in the US from India by the end of next year, drawing the wrath of US President Donald Trump, who said last week he’d asked Apple CEO Tim Cook…
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Brokerage houses have flagged potential supervisory actions by the RBI, downgraded growth and profitability estimates, and questioned the bank’s internal controls and governance standards. Exposure to riskier segments like microfinance (9% of book), gems and jewellery (2.5%), and real estate…
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The Indian rupee remained steady, influenced by various factors. The Chinese yuan’s slight decline and dollar sales from foreign banks played a role. Dollar-rupee forward premiums decreased due to rising U.S. bond yields. Expectations of policy easing by the Reserve…
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Reliance Jio and Bharti Airtel are poised for substantial revenue and operating income growth in the coming years, fueled by increasing mobile broadband adoption and potential tariff hikes. Jio anticipates a 17%/21% revenue/operating income growth, driven by tariff increases and…
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India’s restriction on garment imports from Bangladesh via land routes is poised to create a substantial opportunity for the domestic textile sector, potentially worth Rs 1,000-2,000 crore. While boosting local manufacturing and curbing indirect entry of Chinese fabric, this move…
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