China to pump $54 billion into state banks, insurers

China to pump $54 billion into state banks, insurers BEIJING: China’s finance ministry will lead a combined $54 billion in capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system.China Life Insurance (Group) Co, the country’s largest life insurer, … Read more

Your sugar cravings may get costlier

Your sugar cravings may get costlier (PTI photo) MUMBAI: Your next pack of cookies, chocolates or ladoos could cost you more. Under pressure because of high prices of sugar, consumer goods companies are planning to take price hikes. Bikaji Foods is already in the process of rolling out about a 2% price increase across its … Read more

VCs, celebrities bet on AI startups in media, sports

VCs, celebrities bet on AI startups in media, sports NEW DELHI: Artificial intelligence investment is widening beyond enterprise software and chip bets, and one of the areas money is increasingly flowing into is media, entertainment and sports. In India, venture capital firms, private equity investors, family offices and celebrities are backing startups using AI to … Read more

Homebuyer promised 5,069 sq ft villa by builder, but only 3,900 sq ft delivered: Telangana RERA orders Rs 20 lakh refund and Rs 98 lakh penalty

Telangana RERA found that the builder had misrepresented the villa’s total area. (Image for representative purpose only) You give down payment for a home, but at the time of the sale agreement you realise that the builder did not deliver on the promised area that was advertised. What happens then? A recent Telangana RERA ruling … Read more

Bullion markets this week: US inflation, crude and Middle East tensions to set the tone

Where are gold and silver prices headed this week Gold and silver could remain volatile this week as investors weigh US inflation data against changing expectations for interest rates, while crude oil prices and geopolitical developments in the Middle East add to the list of factors influencing bullion markets, analysts said.The focus will be on … Read more