PremiumAhead of market opening read top business news, equity market precursors, and economic and banking news updates from India and across the world for 25 July, 2022
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Billionaire Uday Kotak’s brokerage eyes small-town peers for growth
The stock-broking firm controlled by Asia’s richest financier is bringing beleaguered peers from India’s small towns into its fold as the company seeks a larger share in the sector that drew record revenues of $3.5 billion last year. Read more
Dollar firm as US Fed meeting and growth risks dominate
The dollar was on a firm footing on Monday, as traders brace for a sharp U.S. interest rate hike this week and look for safety as data points to a weakening global economy. Read more
World’s key workers threaten to hit economy where it will hurt
The pandemic has put unprecedented strain on global supply chains -– and also on the workers who’ve kept those systems running under tough conditions. It looks like many of them have had enough. Read more
IT system compromised, says Policybazar; authorities informed
The parent company of Policybazaar Insurance Brokers Private Ltd, PB Fintech, on Sunday said that the IT system of the firm was hacked on July 19 and subsequent corrective action was taken. Read more
5G sale starts on Tuesday; no aggressive bids expected
Reliance Jio Infocomm Ltd, Bharti Airtel Ltd and Vodafone Idea Ltd are set to fight it out to secure bandwidths for rolling out 5G networks starting Tuesday when the government will put airwaves worth ₹4.3 trillion on sale. Read more