Page 129 - Finance News

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

Hindenburg's Nate Anderson stands by Adani report: 'No threat behind closure'

Founded in 2017, Hindenburg Research made money by placing bets against companies it investigated, profiting from their stock price declines after exposing fraud and corporate abuses

RBI seen cutting rates for first time since May 2020, suggests poll

Over 70 per cent of respondents, 45 of 62, in a Jan. 22-30 Reuters poll forecast the RBI would cut its key repo rate by 25 basis points to 6.25 per cet at the conclusion of its Feb. 5-7 meeting

RBI may use CRR as regulatory tool, repo rate cuts likely in 2025: SBI

The report predicts that the RBI could cut the repo rate by 25 basis points in its February 2025 policy meeting, with a total reduction of at least 75 basis points over the entire easing cycle

Rupee recovers 13 paise from its all-time low of 86.98 against US dollar

Forex traders said the US dollar index, which had surged past 109.88 level, retreated to 108.74 after Trump announced the temporary pause on tariffs

Budget proposals to garner up to Rs 45,000 cr bank deposit: DFS Secy

TDS threshold for fixed deposit interest income earned by senior citizens will go up from Rs 50,000 to Rs 1 lakh from FY2025-26, Financial Services Secretary M Nagaraju said

Proposed TCS threshold hike on LRS expected to boost outbound travel

The revision, which will be effective from April 1, 2025, is expected to boost travel and foreign exchange segments, provide additional benefits to students, and improve tax compliance

Notification on One State, One RRB likely next week, says M Nagaraju

Corporate bonds face challenges in attracting subscriptions, especially if they have lower credit ratings, said DFS secy

Will actively manage cash needs amid tight liquidity, says Ajay Seth

The government on Saturday projected a slightly higher-than-expected 14.82 trillion rupees ($171 billion) of bond sales in its budget

Casa, term deposits more than double in 10 years, says Pankaj Chaudhary

The amount raised by equity issuances registered a compound annual growth rate (CAGR) of 9.2 per cent, reaching Rs 1.97 trillion at the end of FY24

IBBI updates liquidation process rules to boost transparency, efficiency

The amendments also introduce a late fee of Rs 500 per form per month for delayed filings on the IBBI portal, ensuring timely compliance by insolvency professionals