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Physical gold demand in Asia stayed soft this week, with premiums in top hub China easing further as fresh COVID-19 restrictions dimmed activity, while higher domestic prices put off most buyers in India.

Improving underwriting standards of banks together with a reduction in corporate leverage and better quality of information including data analytics hold banks in good stead as they play a supporting role in making India a $40 trillion economy, Khara said at the SBI Banking & Economics Conclave.

A bench, headed by Chief Justice D.Y. Chandrachud and comprising Justices A.S. Bopanna and J.B. Pardiwala directed the state power regulatory commissions to frame regulations for determination of tariff within three months to effectuate a balance for creating a sustainable model of electricity regulation in the states.

"We direct all State Regulatory Commissions to frame Regulations under Section 181 of the (Electricity) Act on the terms and conditions for determination of tariff within three months from the date of this judgment," the court said.

Credit Suisse is undergoing a sweeping overhaul that will see its investment bank carved up and greater focus placed on private banking after years of scandals and management missteps. It will seek approval from shareholders later Wednesday for a capital raise of about 4 billion francs and intends to reduce headcount by about 9,000 by 2025.

Stock exchanges introduced the T+1 settlement on February 25, 2022, with the bottom 100 stocks based on market capitalisation. From March, on the last Friday of every month, the next bottom 500 stocks from the list of stocks ranked are being made available for introduction to T+1 settlement.

San Francisco-headquartered TPG Capital, one of the largest private equity (PE) firms, managing more than $120 billion in assets as of August, has been doubling down on investing in India after a cool-off period between 2012-2014.

“A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,” according to minutes from their Nov. 1-2 gathering released Wednesday in Washington. At the same time, “various” officials concluded that “the ultimate level of the federal funds rate that would be necessary to achieve the committee’s goals was somewhat higher than they had previously expected.”

For 2023, it has pegged the GDP growth at 5.9% compared to projected expansion of 6.9% in 2022

For 2023, it has pegged the GDP growth at 5.9% compared to projected expansion of 6.9% in 2022