Page 132 - Finance News

Rupee gains 6 paise to 85.07 against US dollar during early trade

Forex traders said the rupee is likely to remain in a weakening mode due to significant dollar demand

Draft Bill moots unregulated lending ban, up to 10-year imprisonment

The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs

Rupee slides past 85 vs $ to hit new low after hawkish US Fed outlook

India, US bond yield spread narrowest in nearly 20-yr; Sensex slips below 80K after 4 days of equity selloff

States' freebies crowd out resources needed for development: RBI report

RBI's 'State Finances: A Study of Budgets of 2024-25', however, said state governments have made commendable progress towards fiscal consolidation by containing their aggregate gross fiscal deficit

RBI ramps up forward dollar sales to defend stumbling rupee, say traders

In the last two trading sessions, the Reserve Bank of India (RBI) conducted buy-sell swaps of an estimated size of $3 billion-4 billion

Punjab & Sind Bank secures Rs 3,000 cr via 10 yr infra bond at 7.74%

IIFCL Rs 1,290 crore in two tranches with varying maturities

Rupee falls past 85/USD to all-time low after hawkish US Fed outlook

US central bank indicates more measured pace of rate cuts, triggering uncertainty across financial markets

Rupee hits new low of 84.96 per dollar, US Fed meet outcome in focus

RBI sold dollars via state-run banks, which avoided further depreciation, said dealers

Bain goes hostile as Fuji Soft battle with KKR intensifies: Report

The estimated $2 billion bid for just under half of the Japanese IT firm's shares likely portends a rare hostile tussle between the two global private equity giants

Expecting 20% recovery or Rs 6,000 cr dues under GST amnesty: Ajit Pawar

The amnesty scheme, introduced on November 1, is expected to receive 1.14 lakh applications for the waiver of penalty and interest accumulated from 2017-18 to 2019-20

Sebi cracks down on YouTuber for illegal investment advisory services

Sebi's investigation revealed that YouTuber Ravindra Balu Bharti and his company targeted novice investors by providing unregistered investment advice, trade recommendations, and execution services

RBI dials down use of NDFs to fight dollar, balance rupee stability

The Reserve Bank of India has recently let some short dollar positions in the overseas market expire without rolling into new contracts

Day after all-time low, rupee falls 1 paisa to 84.92 against US dollar

The rupee dropped 1 paisa to 84.92 against the US dollar in early trade on Wednesday and hovered around its all-time low level, as traders await more cues from the US FED on the interest rate front.

IBA suggests FinMin for training sessions of bankers to handle fraud

The number of frauds in the banking sector increased over four times in the past five years to 36,075

Banks mobilise Rs 8 trn via Certificates of Deposits issuance in '25 so far

In the first fortnight of December alone, issuances exceeded Rs 81,000 crore and are expected to surpass November's total of Rs 92,260 crore

RBI lifts restrictions on ECL Finance, Edelweiss ARC after compliance

RBI, in May this year, imposed business restrictions on ECL Finance and Edelweiss ARC

NPCI cautions users against digital frauds, highlights 'common tricks'

The apex payments body has cautioned citizens to identify such scams based on themes such as unexpected calls from alleged government officials

Only 6.68% of population filed income tax return in FY24: Govt tells House

He further said total number of individuals reporting zero taxable income in their ITRs is 4.90 crore in Assessment Year 2023-24, up from 4.64 lakh in 2022-23

Rupee falls 1 paisa, hits new all-time low of 84.92 against US dollar

Forex traders said the rupee is likely to remain under pressure due to dollar demand from importers and foreign banks

Labour ministry seeks to lower budget allocation for ELI schemes for FY25

The three ELI schemes announced in the Budget are yet to get approval from the Union Cabinet and have faced considerable delays