New Delhi, March 2 (IANS) Gold and silver prices jumped over 3 per cent on Monday, after the US-Iran war intensified amid Israeli strikes on Iran and the US bases in the Gulf, reinforcing safe-haven demand.MCX gold April futures gained 3.12 per cent to Rs 1,67,155 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures gained 3.04 per cent to Rs 2,91,249 per kg.Israeli strikes on Tehran targeting command centres and air defences were met with retaliatory missile attacks on Israel…
Latest Bank of America News & Updates
Seoul, Feb 5 (IANS) Major global investment banks (IBs) have upgraded their forecasts for South Korea’s economic growth this year, citing an upcycle of the global semiconductor industry, a report by a financial organisation said on Thursday.The average forecast for economic growth of Asia’s fourth-largest economy by eight major global investment banks (IBs) stood at 2.1 percent as of end-January, up 0.1 percentage point from their median outlook published a month earlier, according to the report…
New Delhi, Jan 10 (IANS) ICICI Lombard General Insurance said on Saturday that a designated employee “inadvertently” uploaded draft Q3 FY26 financial figures to his personal WhatsApp status.However, the firm said that upon becoming aware of this incident within an hour, the designated person deleted the above WhatsApp Status from the phone.”We would like to inform you that a designated person of the Company inadvertently uploaded certain information pertaining to an unaudited draft financial res…
New Delhi, Jan 8 (IANS) Capital markets regulator Securities and Exchange Board of India (SEBI) has found that a Bank of America (BofA) unit improperly shared material non‑public information about a $180 million block sale and misled investigators, a report has claimed.SEBI’s November show‑cause notice alleges the bank’s deal team disclosed price‑sensitive details of a 2024 sale of Aditya Birla Sun Life AMC shares to employees outside the execution team and later provided inaccurate st…
New Delhi, Jan 5 (IANS) As the Indian economy continues to grow over robust policy reforms and strong consumption, Bank of America (BofA) has raised the country’s GDP growth projection to 7.6 per cent for current fiscal (FY26), from its earlier estimate of 7 per cent.BofA has also upgraded its India GDP estimate for fiscal year 2027 to 6.8 per cent, compared to the previous estimate of 6.5 per cent for FY27.The global brokerage firm said in its latest note that India’s incoming data “warrant…
New Delhi, Jan 2 (IANS) An Inter-Departmental Committee, headed by the Union Secretary, Financial Services, M. Nagaraju, met here on Friday to consider the proposals of foreign banks wanting to set up branches in India.The meeting was attended by officials of the member ministries, including Home Affairs and External Affairs, as well as the Department of Commerce and the Reserve Bank of India (RBI).The meeting was convened to consider proposals received from the RBI in respect of foreign banks k…