Business news

Jan 1, 1970

Banks to clear cheques within few hours starting October 4: RBI

The RBI decided to transition CTS from batch processing to continuous clearing with 'on-realisation-settlement' to improve the efficiency of cheque clearing, reduce settlement risk for participants, and enhance customer experience.

Aug 14, 2025

Bitcoin touches record high on hopes of US Fed rate cut

The development, coupled with supportive financial reforms, particularly under the pro-crypto stance of the US President Donald Trump's administration, boosted investor sentiment.

Aug 14, 2025

Sensex, Nifty trade flat after mild early losses; realty stocks gain

Nifty, Sensex open flat; IT, pharma stocks rally

In the Nifty pack, Infosys led the gainers, surging 1.29 per cent, followed by HDFC Life, Wipro, Adani Ports, and Apollo Hospitals. Among laggards, Tata Steel declined 1.22 per cent, followed by ONGC, Kotak Mahindra Bank and Hindalco.

Aug 14, 2025

India's economy continues on fast-growth track: CEA Nageswaran

In his address at an event here, Nageswaran said the consumption slowdown last year was largely due to tight credit and liquidity conditions, prompting the government to announce substantial middle-class tax cuts in the Union Budget. The Reserve Bank of India has also cut policy rates by 100 basis points and ensured a liquidity surplus to support growth, he added.

Aug 13, 2025

SBI to revise IMPS charges from August 15 for certain transactions

According to media reports, charges will apply, though, for amounts over Rs 25,000: Rs 2 + GST for transactions over Rs 25,000 and up to Rs 1 lakh, Rs 6 + GST for amounts over Rs 1 lakh and up to Rs 2 lakh, and Rs 10 + GST for transfers over Rs 2 lakh and up to Rs 5 lakh.

Aug 13, 2025

Jan 1, 1970

Pahalgam terror attack: Nirmala Sitharaman cuts short US-Peru visit

FM Sitharaman introduces IBC Amendment Bill; brings cross-border, group insolvency frameworks

The bill's statement of objects and reasons highlights its goals: reducing delays, maximizing stakeholder value, and improving governance under the Code. "The proposed amendments aim to reduce delays, maximise value for all stakeholders, and improve governance of all processes under the Code," the statement noted.

Aug 13, 2025

Indian stock market opens lower amid fresh US tariff concerns

Indian stock market settles high on lower inflation data, Sensex jumps 304 points

Sensex settled at 80,539.91, up 304 points or 0.38 per cent. The 30-share index opened with a decent gap-up at 80,492.17 against last session's closing of 80,235.59, buoyed by positive inflation data. The index remained range-bound amid buying in specific sectors, including auto and metal.

Aug 13, 2025

Indian stock market opens higher, Sensex above 83,400

Nifty, Sensex open higher in early trade; metal stocks lead gains

Broader market indices outperformed the benchmark indices, with the BSE SmallCap adding 0.65 per cent and the BSE MidCap climbing 0.64 per cent. Sectorally, Nifty Metal surged 1.57 per cent and Nifty Realty surged 0.76 per cent. The majority of other indices were mixed, showing modest gains and losses in the range of 0.10 to 0.40 per cent.

Aug 13, 2025