Finance News

The Indian rupee and the government bond yield ended almost flat on Friday as most traders remained on the sidelines ahead of the long weekend. At th...

Kasper Knokgaard has wrapped up two notable deals for the private-equity firm in Tinseltown. First there was the acquisition of Cast & Crew, and just last month EQT became a large shareholder in talent agency UTA.

Many countries across the globe has been surreptitiously searching for non traditional payment and settlement mechanisms that points to 'Dollar Distancing' finally happening. There has been a significant jump in the demand for Yuan arising from short-circuiting the sanctions in place by corporates in select jurisdictions who have been utilizing multitude of non-dollar currencies to procure crude and other commodities viz. coal through striking deals in Renminbi/HKD/AED pairs at discounted rates, SBI Ecowrap report said.

The market capitalisation of the ICICI Bank touched Rs 6 lakh crore mark in the afternoon trade due to which shares of the bank hit record high of Rs 865.55.

Overnight funds category witnessed heavy inflows in July after registering outflows in the previous month. This is because of the rise in overnight rates which has made this category attractive for most investors.

A recent Parliament reply disclosed that scheduled commercial banks have written off loans worth about Rs 10 lakh crore in the last five financial years.

The sector is undergoing a quiet but steady revival, going by the increase in credit demand and a moderation in NPAs over the last one year. A new report has revealed that thanks to the Indian government’s ECLGS scheme, credit demand in the highest sector has surged rapidly. A closer look at the data also suggests that the micro enterprises will need more assistance and time to recover, while the medium enterprises have rebounded the most.

India is now being recognized as one of the largest fintech unicorn ecosystems, home to 21 fintech unicorns. Growing adaptat...

Net inflow into equity mutual funds have nearly halved to ₹8,898 crore in July as compared to ₹15,497 crore in the previous ...

Insiders told us the smart-glass company "burned cash and struggled with product failures for years."

The bank's tracking methods have unnerved some employees and has led to rumors and fear among the rank-and-file.

India's forex reserves rose around $2.4 billion during the week ending July 29, after falling for last four consecutive weeks, on back of positive inflows by foreign investors in the Indian equity market.

Contribution Profit grows 197% (YoY) to ₹726 cr Contribution margin increases to over 43% (YoY) from 27% Device deployment increases to 3.8 million L...

Inflation can provide a minimum threshold of returns on productive assets, said Anand Mahindra, chairman of Mahindra & Mahindra. A fall in Rupee valu...

Axed 'Robinhoodies' saw the writing on the wall before the layoffs came, Ken Griffin's Citadel is trouncing rivals, and get to know 16 lawyers benefiting from bankruptcy battles.

Home loan EMIs are all set to rise once again as the Reserve Bank of India (RBI) increased the key repo rate to 5.4% to tame the inflation rate in the country. The RBI governor Shaktikanta Das announced this increase of 50 basis points (bps) on Friday morning. The rate hike will eat into household budgets as home loans, car loans get costlier.

RBI governor Shaktikanta Das sounded a cautionary note for the global economy, underlining that globalized inflation could unravel it. The pandemic had already put immense stress on global supply chains, and now the Russia-Ukraine war has further worsened this situation, Das implied. RBI made the statement while announcing the third repo rate hike since May, taking the total to 140 basis points.

Experts expect the RBI to deliver a couple of more 50 bps rate hikes during the course of this fiscal year.

Reserve Bank of India governor Shaktikanta Das today announced the third interest rate hike, from 4.9% to 5.4%. The rate hike comes in lockstep with the US Fed, which has so far announced a 225 basis points hike over the past few months. Governor Shaktikanta Das said that the rate hike should help keep the GDP growth expectation of 7.2% “anchored”.

The rupee has depreciated 30 paise against the US dollar on Thursday as sentiments of investors dampened due to weak macroeconomic data and tensions between US-China. At the interbank foreign exchange market, the rupee opened at 79.21 and then fell to 79.46 against the US dollar. The rupee ended at 79.16 against the dollar on Wednesday.

Gold in the national capital on Thursday gained Rs 487 to Rs 52,566 per 10 grams amid a rise in international precious metal prices along with rupee depreciation, according to HDFC Securities.

Lending company U GRO Capital intends to give out small business loans worth ₹2,000 crore to MSMEs by the end of this fiscal year. It has announced a strategic alliance with debt marketplace Yubi (formerly known as CredAvenue) on Wednesday. The strategic alliance comes with two partnership deals. First, between the companies’ co-lending platforms Yubi-Co.Lend and GRO-Xstream.