Page 140 - Finance News

Finance secretary Tuhin Kanta Pandey takes charge as revenue secretary

A 1987-batch Indian Administrative Service (IAS) officer from the Odisha cadre, Pandey had been serving as the DIPAM secretary since October 24, 2019

Ed-tech unicorn PhysicsWallah expands offline presence to over 150 centres

PhysicsWallah offers two types of classes for students: Vidyapeeth, which are its offline centres, and Pathshala, which includes a hybrid model

Rupee's slide may continue despite higher rate cut expectations: Survey

The rupee is currently overvalued by 8 per cent compared to its trading peers, according to RBI data on the real effective exchange rate

RBI eases curbs on NBFCs as compliance improves after supervisory actions

High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth

RBI's new Guv initiates review of inflation, growth forecasting tools

Malhotra, who took charge last month, is asking the RBI's internal teams to include new datasets, analysis and projections in their inflation and growth forecasts

Rupee falls 1 paisa to record low of 85.92 against US dollar in early trade

Forex traders said the relentless outflow of foreign funds amid soaring US bond yields boosted the American currency, while subdued domestic equity markets pushed the rupee down further

Rupee hedging costs in Indian assets highest since 2022 on bearish bets

Dollar-rupee three-month offshore forward points, the cost of locking in forward dollar purchases, are hovering near the highest since November 2022 reached last week

FinMin files review petition in Supreme Court's Safari Retreats case ruling

The move follows the Goods and Services Tax (GST) Council's recommendation last month for a retrospective amendment to the Central Goods and Services Tax (CGST) Act

Rupee falls 13 paise to settle at new record low of 85.87 against dollar

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.35 per cent higher at 108.76

Expect RBI to cut rates next month, Budget must focus on job creation: CII

The Confederation of Indian Industry (CII) chief also expressed optimism that much-needed labour reforms will be taken up by the BJP-led NDA government in the third term

MFI portfolio declines 4.3%, bad assets spike in Sep quarter: Report

Loans unpaid for 1-30 days increased to 2.1 per cent from the 1.2 per cent in June, while the ones unpaid for 31-180 days witnessed a sharper rise at 4.3 per cent as against 2.7 per cent in June

SBI lowers India's FY25 GDP growth forecast to 6.3%, below NSO's 6.4%

Despite projected growth rates of 6 per cent in first half of FY25, with a pickup to 7 per cent in the second half, SBI flags weak private investment as a concern to economic growth

Rupee depreciates 9 paise to hit record low of 85.83 against US dollar

At the interbank foreign exchange, the rupee opened at 85.82 and slipped further to 85.83 against the greenback in initial deals, 9 paise lower from its previous close

RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar

Sanjay Malhotra, the new governor, hasn't spelled out his policy stance on the rupee. Yet, there are signs he may allow the currency to fluctuate more naturally

Exim Bank India raises $1 billion from overseas via 10-year bonds

Exim Bank provides financial assistance to exporters and importers

Exim Bank raises $1 bn via 10-year dollar bonds at tightest-ever spreads

Capitalising on strong demand, Exim Bank managed to tighten the final price by 30 basis points from the initial price guidance to achieve pricing of UST10+100 basis points

Rupee settles 5 paise lower at 85.73 against dollar on higher crude price

At the interbank foreign exchange, the rupee opened at 85.77, touched the day's peak of 85.65 and hit an intraday low of 85.80 against the greenback

Rupee depreciates 7 paise to 85.75 against US dollar in early trade

The Indian currency, however, capped the fall on the back of some recovery in domestic equity markets and receding crude oil prices overseas, forex traders said

Indian bond-index inflows may fall short of estimate, says Morgan Stanley

India currently has a weight of 7% in the JPMorgan gauge, and that's expected to rise to the maximum of 10% by March

More than 4 out of 10 users earn dividends, says Cred Money report

At a median level, users earn dividends about ten times annually. Banking activity includes 116 P2P banking transactions against 318 outgoing payments, Cred Money data shows