Anil Ambani summoned by ED Tuesday in loan fraud case. The Enforcement Directorate has summoned Anil Ambani for questioning on Tuesday in connection with an ongoing money laundering probe. The case involves alleged bank loan fraud worth several crores of rupees linked to his group companies. Officials said the questioning is part of efforts to […]
Anil Ambani summoned by ED Tuesday in loan fraud case. Read More »
New UPI Rules Limit Balance, Auto-Pay August 1. Starting August 1, new UPI rules will limit the number of balance checks and auto-pay request timings per app. This aims to reduce server load and improve system efficiency across the digital payment ecosystem. Mumbai: New UPI Rules from August 1 to Improve Safety, Speed, and Reduce
Rupee weakens, settles at 86.52 per dollar. Foreign institutional investors (FIIs) continued their selling streak in the Indian equity markets, offloading shares worth ₹1,979.96 crore on a net basis this Friday, according to data released by the stock exchanges. This move reflects cautious sentiment among global investors amid rising uncertainties in the financial markets. The
US stocks fall; defence shares surge amid conflict. Wall Street witnessed a sharp downturn as ten of the eleven S\&P 500 sector indices ended in the red. The financial sector led the losses with a steep 2.06% decline, while the information technology sector followed closely, falling by 1.5%. This widespread weakness reflected investor concerns amid
US stocks fall; defence shares surge amid conflict. Read More »
RBI Cuts Repo Rate by 50 bps, What It Means for Fixed Deposit Investors RBI cuts repo rate, interest rates to drop. FD investors should reconsider strategies as rates fall. RBI Cuts Repo Rate by 50 bps: What It Means for Fixed Deposit Investors The Reserve Bank of India (RBI) has slashed the repo rate
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Bangladesh removes Sheikh Mujib’s photo from currency. Bangladesh Introduces Newly Designed Banknotes Without Mujibur Rahman’s Portrait Bangladesh has unveiled newly designed banknotes that no longer feature the portrait of Sheikh Mujibur Rahman, the country’s founding leader. The decision has sparked widespread debate and public reaction, as Mujibur Rahman’s image has traditionally been a central symbol
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RBI Approves Executive Committee to Oversee IndusInd Bank Operations Amidst Controversy Background of the Crisis at IndusInd Bank The recent turmoil at IndusInd Bank can be traced back to a significant lapse in accounting practices surrounding derivatives, which prompted considerable scrutiny and led to major changes in the bank’s leadership. In September 2023, the bank’s
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RBI’s Easing Cycle and Sensex Predictions: Insights from Morgan Stanley. Introduction The recent report by Morgan Stanley offers a comprehensive look into India’s economic landscape, predicting that the Reserve Bank of India (RBI) may embark on a deeper easing cycle. This analysis surfaces amidst lower food inflation and lower oil prices, which could influence the
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India, US agree on trade deal terms. India, U.S. Finalise Terms for First Phase of Trade Deal; Talks Advance Amid Tariff Pause The development comes shortly after U.S. President Donald Trump announced a 90-day pause on most tariff hikes for key trading partners, including India. The pause, announced on Wednesday, is seen as a temporary
RBI cuts policy rate 25 bps to 6%. Mumbai: The Reserve Bank of India (RBI) on Wednesday cut the key policy interest rate by 25 basis points, reducing the repo rate from 6.25 per cent to 6 per cent. This marks the second consecutive rate cut, aimed at supporting the slowing economy amid rising global
