RBI keeps interest rate steady to ensure stability. RBI Governor Sanjay Malhotra announced that the growth rate projection for the financial year 2025-26 (FY26) has been retained at 6.5 per cent. He emphasized that the Indian economy continues to show resilience amid global uncertainties, and the central bank remains focused on maintaining macroeconomic stability. The […]
RBI keeps interest rate steady to ensure stability. Read More »
Rupee falls 29 paise to 87.7 against dollar. On Monday, foreign institutional investors (FIIs) pulled out a significant sum from Indian equities, offloading stocks worth ₹2,566.51 crore on a net basis, according to data from the exchanges. This move signals a cautious stance by global investors amid ongoing market uncertainties and shifting global cues. Such
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
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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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