FINANCIAL STABILITY
Horoscope Today, May 11, 2025: What the stars reveal for Aries, Taurus, Gemini, Cancer, Leo, and more in love, career & money
Horoscope Today – May 11, 2025 brings powerful cosmic insights that can guide your love life, career, and finances with clarity. Whether you're an Aries chasing career goals or a Pisces navigating emotions, today's astrology reveals unique opportunities and challenges for each zodiac sign. With the Moon influencing emotional energy and Venus shaping relationships, you’ll get practical yet personal advice to make confident decisions. From financial breakthroughs to emotional connections, these predictions offer a simple, down-to-earth guide to help you move forward. Dive into your zodiac forecast and discover what the stars have in store for your sign today.
Country's legal system must evolve to govern AI technology responsibly: SC judge Manmohan
At the International Legal Conference 2025, Supreme Court judge Manmohan stressed the need for India’s legal system to evolve with emerging technologies like AI and fintech. He highlighted pressing issues around data privacy, cybersecurity, and intellectual property, urging legal reform to support innovation, international trade, and cross-border dispute resolution.
Weekly Horoscope Aquarius, 12th May 2025 to 18th May 2025: You can have opportunities in career, income, and communication, bringing exciting transitions ahead
This week can change your focus from outward action to inward reflection. The Moon will move from the Ninth House to the Twelfth House. This can bring your focus from travel to career to inner peace. Sun and Mercury in your Third House and Fourth House can activate the House of communication to the House of family. Jupiter will be transiting. Rahu-Ketu will also be transiting. This transit can shift your focus to long-term changes in creativity and relationships.
Saturn Retrograde 2025 - Aquarius: Time to recall your money discipline, family responsibilities & speech, exercise maturity and responsibility
Saturn Retrograde in the Pisces sign from 18 July 2025: Saturn will be retrograde in your Second House. This house is connected to possessions, speech, family values, and wealth saved. Saturn being retrograde in the Second House can add to the family stress. There can be a delay in finances. Your words are likely to get misinterpreted. You are requested to increase your earnings and to polish your communication. You should focus on long-term financial security rather than short-term comfort
Moody's Ratings downgrades IndusInd Bank’s standalone credit profile, changes outlook to negative
Moody's downgraded IndusInd Bank's baseline credit assessment due to concerns about management oversight and strategic uncertainty following leadership resignations. The outlook was revised to negative, reflecting potential solvency and funding impacts. While long-term ratings were affirmed, the downgrade highlights weaknesses in internal controls and governance risks, impacting the bank's standalone credit strength amid rising non-performing loans.
IL&FS Mutual Fund pays Rs 262 cr to debt infra investors; Rs 1,900 cr total payout in last 6 yrs
IL&FS Mutual Fund has redeemed Rs 262 crore to investors in its infrastructure debt fund, bringing the total payout to Rs 1,900 crore over six years. The IL&FS Infrastructure Debt Fund Series 3B redeemed on May 7, delivering an 8% annual return to investors. The government took control of IL&FS Group in October 2018 to restore financial stability.
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Pope Leo XIV net worth: Here's how much salary the new pope Robert Prevost will receive and what assets he owns
Cardinal Robert Prevost, the first American pope in Catholic Church history, has been elected and will be known as Leo XIV. Succeeding Pope Francis, the 69-year-old from Chicago is seen as a church diplomat who prefers a simple lifestyle. While the Pope doesn't receive a salary, the Vatican covers all his expenses, ensuring his needs are met.
Crisil Ratings places IndusInd Bank on rating watch with negative implications
Crisil Ratings has placed IndusInd Bank's long-term debt instruments under rating watch with negative implications, following key managerial resignations and a review of its microfinance business. Concerns over internal financial controls and the impact on profitability are being closely monitored. The agency awaits clarity on the MFI discrepancies and their potential impact on the bank's operations.
View: Pakistan’s long road to no meaningful outcome
India invoked its most potent diplomatic lever: placing the Indus Waters Treaty in abeyance. Pakistan threatened to suspend the Simla Agreement, which provides the foundational framework for bilateral dialogue and demarcates the Line of Control in J&K. These reciprocal actions have depleted the conventional bilateral diplomatic arsenal. Yet, the underlying strategic competition remains. What comes next?
FPI selling has abated but sustained buying won’t start till good earnings recovery starts: Jitendra Gohil
Kotak Alternate Asset Managers' Jitendra Gohil notes improved macro stability in India is aiding FPI sentiment, though sustained buying hinges on earnings recovery. While US tariff policy shifts impact market sentiment, large-cap IT stocks and correcting NBFCs/private banks present attractive opportunities. Gohil favors private banks and financial intermediaries over insurance due to competition concerns.
Aiming for Rs 2 crore in 5 years? Your SIP strategy may be riskier than you think
Sanjeev from Pune aims for a Rs 2 crore corpus in five years through a Rs 1.27 lakh monthly SIP. However, a financial expert flagged his portfolio's overexposure to small- and mid-cap funds, constituting 67% of his investments. The expert recommended a more balanced asset allocation, suggesting diversification into safer, diversified equity funds to mitigate risk and ensure long-term stability.
Can Pakistan fight India on borrowed money?
India-Pakistan tensions: Following the Pahalgam attack, India is employing economic pressure tactics against Pakistan, including potential opposition to IMF loans and suspension of the Indus Waters Treaty. These measures aim to destabilize Pakistan's economy, which is already vulnerable despite recent IMF bailouts and declining inflation. Escalating tensions could jeopardize Pakistan's macroeconomic stability and access to crucial external financing.
Share of gold in India's forex reserves doubles in four years, central bank report shows
The Reserve Bank of India's report reveals a significant increase in gold reserves, doubling in the last four years to 11.70% of total foreign exchange reserves by March-end. The central bank held 879.59 metric tonnes of gold, with a rise in domestic holdings. This strategic move aims to diversify assets and enhance financial stability amid global market volatility.
RBI forex income expected to rise, lift payout to government
The Reserve Bank of India's FY25 dividend payout to the government is projected to increase, fueled by higher income from foreign exchange reserve deployments due to elevated US treasury yields. This boost is further supported by strong commissions from forex operations and interest income on government securities.
Share of gold in India's forex reserves doubles in four years, central bank report shows
Reserve Bank of India reports a significant increase in gold reserves. The share of gold in forex reserves has doubled since 2021. As of March-end, gold constitutes 11.70% of the total reserves. The central bank holds 879.59 metric tonnes of gold. Most of the gold is stored domestically. A portion is kept with the Bank of England and BIS.
Share of gold in India's forex reserves doubles in four years, central bank report shows
Reserve Bank of India reports a significant increase in gold reserves. The share of gold in forex reserves has doubled since 2021. As of March-end, gold constitutes 11.70% of the total reserves. The central bank holds 879.59 metric tonnes of gold. Most of the gold is stored domestically. A portion is kept with the Bank of England and BIS.
NZ central bank sees AI adoption posing risk to financial stability
The Reserve Bank of New?Zealand warns that AI adoption in finance poses risks like system errors, data issues, and market concentration, though it also offers benefits such as improved risk assessment and productivity. The central bank pledges ongoing monitoring to manage AI-related uncertainties and ensure financial stability.
ADB chief urges Asian economies to push reforms amid uncertainty
ADB President Masato Kanda urges Asian economies, including India, to proactively pursue reforms for sustained growth amidst global uncertainty. He emphasized sound economic policies, regional connectivity, and private sector development as crucial strategies. While acknowledging the impact of US tariffs, Kanda sees an opportunity for Asian economies to enhance resilience and interconnectedness through continued reforms and diversification.
Capricorn Monthly Horoscope, Tarot Reading - May 2025: Reflection, Nurturing, and Clarity
Monthly Horoscope - Capricorn, Tarot Reading: For Capricorn, May is a month of deep introspection, nurturing energy, and eventual clarity. The Hanged Man encourages you to rest and think again so that fresh ideas may materialise. While The Sun points a brilliant conclusion, with success and happiness ahead, The Queen of Pentacles emphasizes self-care, stability, and material well-being. It's a month to nurture your well-being by trusting that the clarity you seek will be revealed shortly.
RBI announces portfolios for deputy governors: Here's who handles what
Reserve Bank of India revealed the updated responsibilities for its four deputy governors. M Rajeshwar Rao will handle regulations and enforcement. T Rabi Sankar is assigned operational and tech portfolios. Swaminathan Janakiraman will focus on supervision and consumer protection. Poonam Gupta will take charge of macroeconomic policy and communication.
Bengaluru CEO who raised Rs 120 crore funding shares why investors love 'poor' founders who live like college kids
OKCredit CEO Harsh Pokharna sparked debate by revealing his past financial struggles despite raising significant funding. He criticized VCs for pressuring founders to remain poor, arguing it grants them more control. Pokharna urged founders to prioritize their financial well-being and challenged the double standard in how funds are distributed, advocating for personal liquidity.
IITian couldn’t afford Bengaluru rent even after raising Rs 120 crore. Reason: Not rent price or landlord
Harsh Pokharna, OkCredit founder, revealed a paradox. Founders often struggle financially despite raising funds. Venture capitalists prefer financially strained founders, the IIT Kanpur graduate said, narrating a personal incident when he struggled to pay rent in Bengaluru and lived like a student.
How Mark Carney’s rise will affect Canada’s crypto industry
Mark Carney's ascendance signals a potential shift in Canada's crypto landscape, prioritizing stability amid economic uncertainties. While skeptical of cryptocurrencies like Bitcoin, Carney aims to integrate the crypto industry into the mainstream financial system through stricter regulations and the development of Central Bank Digital Currencies. The industry awaits clarification on Canada's future approach, balancing innovation with financial stability.
Japan, China, South Korea, ASEAN to expand currency swap programme, Nikkei says
Japan, China, South Korea and ASEAN plan to broaden their currency swap programme. The expansion aims to include infectious disease outbreaks and natural disasters. The Chiang Mai Initiative, a $240 billion pool, supports regional financial stability. Members will likely agree on the expansion in Milan. The change is expected to take effect in May.
IndusInd Bank remains fundamentally strong despite top management exit: Ashvin Parekh
There is absolutely no question about the future of the bank. However, it is a good important lesson for all the financial institutions and the bank has certainly suffered. It suffered a huge market cap loss also. But then, of course, there is a big lesson for the institutions as well.
AE Coin set to transform UAE's financial landscape with Dirham-backed stablecoin
The UAE is set to launch AE Coin, a fully regulated, dirham-backed stablecoin under Central Bank oversight. Aimed at enhancing financial inclusion and digital payments, AE Coin supports the UAE's blockchain-driven economic goals, backed by key institutions to ensure transparency, security, and global investor confidence.
Climate change may lead to increased probability of defaults: RBI DG Rao
RBI Deputy Governor M Rajeshwar Rao highlighted that climate change increases borrowers' operational costs and default risks, impacting financial institutions and the real economy. He addressed the dichotomy of incentivizing green finance amidst inherent risks, emphasizing the need for a balanced regulatory approach.
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