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Foreign Exchange: RBI relaxes regulations to boost forex inflows

The Reserve Bank of India (RBI) on Wednesday announced a series of measures to boost foreign exchange inflows.

Jul 6, 2022

ED raids Vivo, other Chinese firms in money laundering case

The Enforcement Directorate (ED) on Tuesday conducted raids at nearly 40 locations in Uttar Pradesh, Madhya Pradesh, Bihar, and in southern states, in connection with a prevention of money laundering case linked to Vivo and associated Chinese firms.

Jul 6, 2022

Odisha EOW asks Google to remove 45 'illegal' loan apps from Play Store

1 in 2 Indians victims of extortion, data misuse due to instant loan apps, reveals survey

A new report by community social media platform LocalCircles released on Tuesday showed that over 54 per cent of citizens surveyed experienced extortion or data misuse during the collection process from instant loan apps

Jul 6, 2022

Indian rupee hits a low of Rs 79.36 against USD, gold touches Rs 54K

The Indian rupee on Tuesday hit a low of Rs 79.36 against the US dollar and experts expect further depreciation.

Jul 6, 2022

Pavitra Lokesh, Naresh found in hotel; Estranged wife abuses them in viral video

Naresh and Pavitra Lokesh checked out from the hotel after his estranged wife Ramya Raghupati held dharna.

Jul 5, 2022

T.Raja Kumar takes over as President of "Financial Action Task Force"

T. Raja Kumar of Singapore has been appointed as the president of Financial Action Task Force (FATF), the anti-money laundering watchdog.

Jul 2, 2022

Large borrowers' loan accounts and bad loans decline: RBI's Financial Stability Report

The share of large borrowers for scheduled commercial banks (SCB) has declined in the recent times while their share in the gross non-performing assets (GNPA) also went down, said the Reserve Bank of India (RBI).

Jul 2, 2022

RBI hits hard on Bitcoin, DeFi, crypto trading platforms

The Reserve Bank of India (RBI) has slammed unbacked crypto assets (such as Bitcoin), stablecoins and decentralised finance (DeFi) and crypto asset trading platforms, underscoring the need for regulatory guardrails to ensure financial stability and consumer and investor protection.

Jul 2, 2022

FIFA to introduce SAOT technology at Qatar World Cup to help referees

FIFA announced on Friday that semi-automated offside technology (SAOT) will be used at the 2022 World Cup in Qatar to enable referees to make faster, more accurate offside decisions at the world's biggest football gala.

Jul 2, 2022

Import duty on gold increased, may not impact demand or price of this yellow metal

The increase in customs duty on gold will not have any major impact on the precious metal's demand or the price, said a top official of Madras Jewelers and Diamond Merchants Association.

Jul 1, 2022

If banks raise interest rates on Fixed deposit to 7.5-8%, there could be a flight from mutual funds: Report

If banks raise interest rates on fixed deposits to 7.5-8%, there could be a flight to these products from mutual funds, Motilal Oswal Financial Services said in a report.

Jul 1, 2022

RBI Governor reiterates caution against cryptocurrencies, says clear danger

The RBI governor said cryptocurrencies are a sophisticated scheme in disguise

Jul 1, 2022

Best Performance: K'taka tops DPIIT's Ease of Doing Business-SBRAP 2020 rankings

Karnataka has bagged the "Top Achiever" position under the implementation of the Ease of Doing Business ranking of States/Union Territories released by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India on Thursday.

Jun 30, 2022

KGF 2 effect: Salaar and Pushpa 2 Unlikely to Arrive for Summer 2023

The release of upcoming big movies like Prabhas-starrer Salaar and Allu Arjun's Pushpa 2 will be delayed.

Jun 30, 2022

GST applicable on Curd, lassi, bank cheque books from July 18 [List of products where GST increased or decreased]

Come July 18, 18 per cent Goods and Services Tax (GST) will be applicable on bank cheque book/loose leaf cheques and 12 per cent on maps, atlas, and globes.

Jun 29, 2022

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