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SBI presents Rs 8,813 crore dividend cheque to centre for FY26

India's largest lender, SBI, has presented a dividend cheque of ₹8,813 crore to the Central government for FY26. The cheque was handed over by SBI Chairman C S Setty to Finance Minister Nirmala Sitharaman, reflecting the bank's strong financial performance and contributing significantly to the government's non-tax revenue.

1 day ago

Gold declines 1.36% this week on dollar strength, Fed outlook

Gold, silver prices fall up to 4 pc amid geopolitical tensions

Gold futures dropped nearly 2 per cent to an intraday low of ₹1,52,712 per 10 grams, while silver futures fell as much as 3.8 per cent to ₹2,39,064 per kg. Internationally, COMEX gold and silver also traded lower.

1 day ago

India stays world's fastest-growing economy recording 6.4 pc rise despite Iran war fallout

Economic reforms boost India's global standing: Govt

India's business environment has improved significantly over the past 12 years due to reforms aimed at reducing compliance burdens and promoting ease of doing business, according to a government factsheet.

1 day ago

Gautam Adani is richest in Asia with net worth at $89.2 billion: Forbes

Adani's wealth increased following a rally in Adani Group stocks, including gains in Adani Power, Adani Ports, Adani Enterprises, Adani Green Energy and Adani Energy Solutions. The combined market value of six listed Adani Group companies reached about $191 billion.

2 days ago

Rupee Strengthens to 95.20 Against Dollar Amid US-Iran Peace Hopes; Panagariya Says 'Don't Panic' Over Rs 100 Mark

Rupee Strengthens To 94 Per Dollar As RBI Moves To Ease External Pressures

RBI introduced incentives for FCNR(B) deposits, eased norms for foreign investments, and expanded access to government securities. The measures helped the rupee recover from recent record lows driven by rising crude oil prices, foreign fund outflows, and geopolitical tensions in West Asia.

4 days ago

RBI's Cautious Hold: Can India Sustain Great-Power Economic Ambitions Amid Structural Headwinds and Geopolitical Shocks?

While India retains strong macroeconomic buffers such as large forex reserves, a healthy banking system, and robust digital infrastructure, economists warn that structural challenges—including weak private investment, declining net FDI, regulatory uncertainty, and sluggish job creation—could limit growth.

4 days ago

Who Is Neelkanth Mishra? Axis Bank Economist Appointed India's Executive Director at the World Bank

Who Is Neelkanth Mishra? From Axis Bank to the World Bank, IIT Kanpur Alumnus Named India's Representative

Economist Neelkanth Mishra has been appointed India's Executive Director at the World Bank for a three-year term. Currently Chief Economist at Axis Bank and Head of Global Research at Axis Capital, he will represent India on the World Bank Board, overseeing key decisions on development financing and economic growth.

4 days ago

RBI MPC Meeting 2026: Why the central bank is likely to keep the repo rate unchanged at 5.25%;3 things to know

RBI keeps repo rate unchanged at 5.25 pc, maintains 'Neutral' stance

RBI is set to announce its monetary policy decision after the three-day Monetary Policy Committee (MPC) meeting chaired by RBI Governor Sanjay Malhotra. Most economists expect the central bank to keep the repo rate unchanged amid rising crude oil prices and heightened geopolitical tensions in West Asia.

4 days ago

RBI MPC Meeting 2026: Why the central bank is likely to keep repo rate unchanged at 5.25%; 3 things to know

As the Reserve Bank of India prepares to announce its latest monetary policy decision, expectations of another rate cut appear to be fading. Most experts now believe the central bank will keep the repo rate unchanged and continue with a wait-and-watch approach. Here are three reasons why.

5 days ago

SEBI Flags 1.33 Lakh Manipulative Social Media Posts On Securities Market: Govt

ICICI Bank Gets SEBI Warning Letter, FPI Rule Breach Linked To Early Fund Repatriation

ICICI Bank has received a warning letter from SEBI for allowing an FPI to repatriate funds before completing the mandatory retention period under the Voluntary Retention Route. The bank said the issue has no material impact on its financials, operations, or business activities.

5 days ago

Gold and silver surge up to 1 pc amid geopolitical uncertainty

Gold, silver trade higher amid weaker dollar, geopolitical uncertainty

August gold futures rose 0.35% to ₹1,59,052 per 10 grams, while July silver futures touched an intraday high of ₹2,64,324 per kg before turning volatile.

5 days ago

Global crude oil prices rally up to 3 pc as US-Iran tensions escalate

Crude Oil Falls Over 1% as Israel-Lebanon Ceasefire Boosts Hopes of Regional Calm

Global crude oil prices fell more than 1 per cent on Thursday after Israel and Lebanon agreed to implement a ceasefire, boosting hopes of easing tensions in West Asia. Brent crude dropped to $96.50 per barrel, while WTI crude slipped to $94.76 per barrel.

5 days ago

Trump outlines different options for destroying Iran's enriched uranium

US Proposes 12.5% Tariff on India, 59 Others Over Forced Labour Import Concerns

Economies with existing or committed forced-labour import bans may face a lower 10% tariff, while others could face the full 12.5% duty. The proposal also includes a special textile mechanism for certain apparel and textile imports. Public hearings on the proposal are scheduled for July 7, 2026.

6 days ago

Why Australia's shrinking wheat harvest could push up food and fertiliser costs in India

Australia's wheat harvest set to fall 26% as fertiliser prices surge; implications for India

For India, the development highlights the vulnerability of agricultural supply chains to geopolitical disruptions. Rising global fertiliser prices could increase India's subsidy burden and farming costs, while higher wheat prices may add to food inflation pressures.

7 days ago

RBI Data Shows Bank Frauds Tripled to Around $4.2 Billion in One Recent Year

RBI Data Shows Bank Frauds Tripled to Around $4.2 Billion in One Year

India's banking sector witnessed a sharp rise in the value of frauds during FY 2024–25, with reported cases increasing nearly threefold to ₹36,014 crore, according to the Reserve Bank of India's annual report. While the number of fraud cases declined, the average size of frauds rose significantly.

8 days ago

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