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RBI approves highest-ever dividend payout of Rs 2.11 lakh crore to central government!

The Reserve Bank of India, on Wednesday, approved the highest-ever dividend payout of Rs 2.11 lakh …

PTI   


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RBI announces auction sale of Govt. securities of ₹32,000 crore

The Reserve Bank of India has announced the auction for the sale of Government Securities worth Rs …

ANI   


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2 mins read

More than half of banking jobs could be automated by AI — but banks will be slow to adopt, Citi report says

A new Citi report says finance will be "at the forefront" of changes due to artificial intelligence.

Emmalyse Brownstein   


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3 mins read

FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account

The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "fai…

PTI   


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RBI to soon launch app to enable retail investors to participate in govt bonds

The Reserve Bank on Friday announced the launch of a mobile app to enable retail investors to parti…

PTI   


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Strong growth, lower fiscal deficit may lead to India rating upgrade: Deutsche Bank

Strong growth and a narrower fiscal deficit can lead to a sovereign rating upgrade for India, a Ger…

PTI   


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3 mins read

From banks to SIPs – the evolution of investment choices for Indian retail investors

In India, traditional banking institutions were once the go-to for households seeking savings and i…

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Sensex, Nifty hit fresh lifetime highs on buying in blue-chips HDFC Bank, Reliance

​Benchmark equity indices Sensex and Nifty hit their new closing lifetime highs on Friday, followin…

PTI   


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Rupee falls 6 paise to 83.54 against US dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.52 and lost further groun…

PTI   


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World Bank raises GDP projection, says India to keep its fastest-growing economy tag

The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024…

ANI   


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Markets decline in early trade on profit taking after record-breaking rally

The 30-share BSE Sensex declined 113.63 points to 76,376.45. The NSE Nifty dipped 29.6 points t…

PTI   


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1 min read

Retail inflation eases marginally to 1-year low of 4.75% in May: Govt data

Retail inflation eased to a one-year low of 4.75 per cent in May as prices of some kitchen items de…

PTI   


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After a volatile week, all eyes on RBI’s Monetary Policy meeting! But experts expect no change in repo rate

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) is gearing up to announce its mon…

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Rupee rises 1 paisa to 83.43 against US dollar in early trade

The rupee inched up 1 paisa to 83.43 against the US dollar in early trade on Thursday on the back o…

PTI   


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Economists expect big bang reforms to continue under Modi 3.0

Narendra Modi, elected leader of the National Democratic Alliance, will take oath as India's Prime …

ANI   


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Europe's central bank cuts interest rates for first time in 5 years

The European Central Bank announced it would lower its benchmark interest rate from 4% to 3.75%, ma…

Theron Mohamed   


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3 mins read

Coalition politics, weakened mandate could make passing legislations on ambitious reforms challenging: Fitch

As the NDA is all set to form the government, Fitch Ratings on Thursday said coalition politics and…

PTI   


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3 mins read

DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever

The CBI also explains that the Wadhawans had allegedly created lakhs of fake borrowers by randomly …

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3 mins read

Bloodbath in Indian stocks as trends show below par show by BJP-led NDA; Sensex slumps over 4,000 points

Indian stock indices witnessed a bloodbath on the day the Lok Sabha results are being announced, wh…

ANI   


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3 mins read

Forecast of ‘above-normal’ monsoon sparks hope for economy, but there’s a catch!

Amid ongoing impacts of climate change, scientists have been warning us that not all ‘above-normal’…