Finance

Forex: Indian rupee slips to 78.68 against US dollar

The increasing global crude oil prices and inflation concern turned slippery for the Indian rupee as it went down against the US dollar on Tuesday.

Jun 28, 2022

Govt appoints IRS officer Nitin Gupta as CBDT chairman [details]

The government has appointed IRS officer Nitin Gupta as the new chairman of Central Board of Direct Taxes (CBDT).

Jun 27, 2022

SoftBank Group International CEO "Michel Combes" quits in just 5 months, Alex Clavel replacing him

In a surprise move, French businessman Michel Combes, who joined as SoftBank Group International CEO in January this year, has resigned, the company announced on Wednesday.

Jun 22, 2022

RBI extends timeline for compliance of some credit and debit card business directions

The Reserve Bank of India (RBI) on Tuesday extended the timeline for implementation of certain directions relating to credit and debit card business.

Jun 22, 2022

Cryptocurrency: Bitcoin surges past $20K, Ethereum crosses $1,100 per coin

After witnessing free fall for weeks, Bitcoin finally managed to rebound past $20,000 per digital coin on Monday, around 16 per cent gain over the weekend.

Jun 20, 2022

Global regulator for banks red-flags crypto-assets such as Bitcoin

Digital assets: End of the crypto craze? Indian investors wary as mega sell-off continues

As foreign portfolio investors continue to pull out money from the Indian equity market, the sell-off in the crypto market and the digital asset space has also accelerated in the wake of global economic meltdown.

Jun 18, 2022

Home loans: HDFC raises home loan interest rate by 50 bps, effective from today

Lending major Housing Development Finance Corporation (HDFC) has increased its Retail Prime Lending Rate (RPLR) on housing loans -- on which its Adjustable Rate Home Loans (ARHL) are benchmarked -- by 50 basis points.

Jun 10, 2022

Shaktikanta Das, Governor, Reserve Bank of India

RBI's monetary policy meet: Some expectations from the ongoing meet

Though the RBI's raising policy rates in the ongoing monetary policy committee meeting is a "no-brainer", as its Governor Shaktikanta Das said in a recent interview, investors, however, await the actual degree of percentage hike before taking fresh positions and future course of action in the financial markets.

Jun 7, 2022

Public issue application to be processed only after monies are blocked in investor's bank account

The ASBA applications in public Issues shall be processed only after the application monies are blocked in the investor's bank accounts, markets regulator announced on Monday.

May 31, 2022

GIC Re logs PAT of Rs 2,005 cr, cuts underwriting loss

The General Insurance Corporation of India (GIC Re) closed last year with a higher after tax profit and gross premium income.

May 28, 2022

May go for rate hike in June, will not allow rupee to depreciate: RBI Governor

India's central bank is mulling further rate hikes, said its Governor Shaktikanta Das.He also said the Reserve Bank of India (RBI) will not allow the rupee to depreciate and prevent volatility in the currency market.

May 23, 2022

Sitharaman gets up from seat to offer water to NSDL MD; receives praise [details]

As seen in the video, widely shared on various social media platforms, the NSDL MD paused amid her speech and apparently asked for water from the hotel staff.

May 9, 2022

Wikimedia Foundation decides to discontinue cryptocurrencies as donation

The Wikimedia Foundation (WMF) has announced to discontinue direct acceptance of cryptocurrency as donation.

May 2, 2022

GST collection touches all-time high in April; stands at Rs 1.68 lakh crore [details]

The gross GST collection has crossed the Rs 1.5 lakh crore-mark for the first time in April 2022 and Rs 1 lakh crore-mark for the 10th month in a row.

May 1, 2022

Stock Markets: Sensex, Nifty extend losses, rising inflation a concern

Indian equity benchmarks extended their losses from the previous week as the markets are worried about the rising inflation besides the likelihood of monetary policy tightening in the US.

Apr 25, 2022

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