Business news

Jan 1, 1970

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

RBI urges banks to step up efforts to return crores in unclaimed deposits

Balances in savings and current accounts that remain inoperative for ten years, or term deposits not claimed within ten years from the date of maturity, are classified as unclaimed deposits and subsequently transferred by banks to the DEA fund maintained by the central bank.

Sep 24, 2025

Sensex, Nifty open lower amid weak global cues

Investor sentiments were weighed down by comments from US Fed Chair Jerome Powell about stagflation risks and elevated asset prices. Additionally, the impact of US visa curbs, ongoing foreign outflows, and persistent valuation concerns in domestic markets acted as headwinds for the stock exchanges.

Sep 24, 2025

Jan 1, 1970

ICICI Bank to clear cheques on same day from Oct 4 following RBI's directive

The action is consistent with the Reserve Bank of India's (RBI) new cheque clearing system, which aims to expedite settlements. The previous batch-based procedure will be replaced by the new framework, which will clear cheque within hours of submission.

Sep 23, 2025

Sensex, Nifty open lower amid uncertainty around Trump tariffs

Stock market settles flat, auto and financial services stock gain

Sensex ended the session at 82,102.10, down 57.87 points or 0.07 per cent. The 30-share index started the session flat at 82,147.37 against last session's closing of 82,159.97. The index remained range-bound amid selling in IT and FMCG stocks.

Sep 23, 2025

Sensex, Nifty open with gains as potential rate cut in US boosts sentiment

Indian stock market opens marginally up, Sensex above 82,000

Nifty Bank was down 26.30 points or 0.05 per cent at 55,258.45. The Nifty Midcap 100 index was trading at 58,686.55 after dropping 12.95 points or 0.02 per cent. Nifty Smallcap 100 index was at 18,293.15 after gaining 4.25 points or 0.02 per cent.

Sep 23, 2025

Jan 1, 1970

Over 150 products may see rate cut in GST Council meet this week

New GST Rate List 2025: Around 370 items get cheaper, milk, electronics, gym, salons and more

Union Finance Minister Nirmala Sitharaman announced that the overhaul aims to inject approximately Rs 2 lakh crore into the economy by increasing the disposable income of consumers. Over 50 items, including UHT milk, khakhras, pre-packaged paneer, and breads like chapatis and parathas, will now fall under a zero-tax bracket due to the new structure.

Sep 22, 2025

Jan 1, 1970

GST rationalisation to benefit poor, middle class, entrepreneurs: FM Sitharaman

"We should all work to accelerate growth, make it easy for business to function and be attractive for investment. Such a big tax reform became possible by taking all states together, since 2017," said the finance minister, citing Prime Minister Narendra Modi's address to the nation on Sunday.

Sep 22, 2025

Rate cut in Sep best possible option for RBI amid low inflation, GST reforms: Report

The RBI Monetary Policy Committee (MPC) meeting is scheduled from September 29-October. The RBI maintained the policy rate at 5.50 per cent during its August meeting, following significant easing in the prior session.

Sep 22, 2025

Festival of taxes or festival of votes? Decoding PM Modi's GST address to nation

Prime Minister Modi's GST address is a political and economic gambit of rare audacity. It offers tangible relief to millions, simplifies a complex tax regime, and positions the government as a benefactor at a culturally resonant moment.

Sep 21, 2025

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Business news

RBI urges banks to step up efforts to return crores in unclaimed deposits

Sensex, Nifty open lower amid weak global cues

ICICI Bank to clear cheques on same day from Oct 4 following RBI's directive

Stock market settles flat, auto and financial services stock gain

Indian stock market opens marginally up, Sensex above 82,000

New GST Rate List 2025: Around 370 items get cheaper, milk, electronics, gym, salons and more

GST rationalisation to benefit poor, middle class, entrepreneurs: FM Sitharaman

Rate cut in Sep best possible option for RBI amid low inflation, GST reforms: Report

Festival of taxes or festival of votes? Decoding PM Modi's GST address to nation

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]