Page 113 - Finance News

EPFO processes over 50.8 million claims in FY25: Mansukh Mandaviya

Auto claim settlements also doubled to 18.7 million from 8.92 million claims settled in the previous financial year

Indian govt bond yields decline on interest rate cut expectations

The benchmark 10-year yield ended at 6.6562% compared with Wednesday's close of 6.6616%

Rupee plunges 14 paise to close at record low of 87.57 against dollar

Forex traders said the Indian rupee plunged to fresh record lows amid weak domestic markets and importer demand for dollars

RBI monetary policy: Dec MPC highlights and what to expect on Feb 7

RBI prepares to announce its latest monetary policy decision on Feb 7. This will be the first meeting held under the leadership of Governor Sanjay Malhotra

RBI directs NBFCs to disclose maximum loan charges, seek board approval

The RBI has directed large NBFCs to disclose total loan charges, including interest and fees, and mandates board approval for maximum rates to enhance transparency and fair lending practices

Rupee falls 14 paise to 87.57 against US dollar in early trade today

Forex traders said the Indian rupee is trading with a negative bias as foreign banks went on a dollar-buying spree

NaBFID extends Rs 2,000 crore loan to Blackstone-backed data centre

A senior executive with a public sector lender said NaBFID, a government-owned infrastructure financier, has extended a loan (construction finance)

IBBI revises insolvency rules to support homebuyers in resolution process

These facilitators will act as intermediaries between authorized representatives and creditors, ensuring seamless communication and clarity regarding insolvency proceedings, as per the release

Ibbi proposes coordinated insolvency resolution for interconnected entities

Ibbi has noted that the current IBC process treats each entity as a standalone unit, overlooking the intricate web of interdependencies often present in modern business ecosystems

FinMin seeks proposals for 2nd supplementary demands for grants for FY25

The proposals for supplementary demand for grants may be projected within Revised Estimate 2024-25 ceiling after a thorough and objective assessment of additional requirement of funds

NPCI chief advocates for stronger legal systems to deter cyber frauds

The apex payments body head pressed on the need for economic incentivisation for firms processing UPI

Drone battery tech co Dreamfly Innovations raises $1.4 mn in seed funding

In a seed round, a startup raises funds to establish its business. The firm plans to use this fund to scale production capabilities, team expansion and research and development

Rupee falls 39 paise to close at all-time low of 87.46 against dollar

Forex traders said the rupee is trading with a negative bias over global trade war as market participants mulled the impact of tariffs being imposed by the United States and China

Apex Kidney Care secures FDI worth $9 mn from Swiss Blue Earth Capital

As for AKC, this investment was facilitated by Tata Capital Healthcare Fund, the healthcare-focused private equity fund of Tata Capital

Yono-UPI integration to give more reach for Singapore transactions to India

SBI YONO-UPI-PayNow linkage comes amidst the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announcing a plan to launch two new payments solutions

Rupee falls 9 paise to 87.16 against US dollar in early trade today

At the interbank foreign exchange, the rupee opened at 87.13 then fell further to 87.16 against the American currency, registering a decline of 9 paise over its previous close

Budget non-inflationary, focuses on fiscal prudence: Finance secy Pandey

The Secretary said the economy would reap a lot more benefits with monetary easing and keeping inflation under control

100% FDI in insurance sector to woo more foreign players: Moody's

Presenting Budget 2025-26, Finance Minister Nirmala Sitharaman proposed to raise the foreign investment limit to 100 per cent from 74 per cent in the insurance sector

Rupee ends at 87.067 against dollar, US-China trade tensions in focus

The rupee ended at 87.0675 against the US dollar, against a record closing low of 87.1850 in the previous session, when it also fell to an all-time low of 87.28

India to assess benefits of OECD's global tax deal after US quits: Fin secy

Pandey, in a post-Budget interaction of Assocham, said the tax deal is a multilateral approach where the US is much integrally needed