Page 142 - Finance News

60% of lenders on P2P platforms earned returns of over 20%: Report

26% of them faced partial losses to their principal amounts, says lending platform

Rupee hits new low of 84.50/$ amid equity sell-off, geopolitical tension

Uncertainty around the US Federal Reserve's future rate trajectory further weighed on the local currency

RBI, Maldives Monetary Authority sign pact to promote local currency use

The Memorandum of Understanding (MoU) was signed by Governor of Reserve Bank of India Shaktikanta Das and Governor of Maldives Monetary Authority Ahmed Munawar

Reserve Bank defends forex policy as India attempts to avert global risks

The RBI has used its nearly $700 billion forex pile to prevent wild swings in the rupee, making it one of the least volatile currencies in the world

Rupee turns flat at 84.42 against US dollar amid volatile crude prices

A weaker American currency supported the local unit, but it was weighed down by the relentless outflow of foreign funds, forex traders said

Exports not adversely impacted by rupee exchange rate policy: RBI Bulletin

Rupee's 40-currency real effective exchange rate (REER) - a measure of its competitiveness - shows the currency was overvalued by 7.21 per cent at the end of October, close to highest in 6 years

Unchecked inflation can hurt real economy prospects, says RBI report

Inflation pressure, if unchecked, could undermine prospects of real economy

RBI buys a net $8.52 billion in first half of FY25, says bulletin

The RBI had net sold $6.49 billion in the spot market in August. In the current financial and calendar year, the central bank has been a net seller of dollars in three months - April, June, and August

No evidence of exchange rate policy hurting exports: RBI report

Rupee depreciated by 7.8 per cent during FY23 and by 1.4 per cent in FY24. And so far in FY25, it has depreciated by 1.5 per cent

Inflows in NRI deposits almost doubled to $10.2 billion in H1FY25: RBI

NRO deposits also saw inflows worth $ 2.19 billion from April-September 2024, compared to $ 1.88 billion during the same period a year ago

Tamil Nadu focuses on EV revolution, ropes in World Bank to draw roadmap

This initiative coincides with the World Bank's broader efforts to support India's low-carbon transition

Axis Bank, Bank of India eyeing to raise funds through AT-I bonds

In FY25 so far, banks have raised Rs 8,000 crore through perpetual bonds. In comparison, banks raised Rs 20,706 crore in FY24 and Rs 31,394 crore in FY23

74% top corporate taxpayers favour real-time compliance monitoring: Report

Deloitte's Income Tax Digitalisation in India survey found a strong push for the use of real-time data, e-wallets, APIs, and emerging technologies like AI and blockchain in the I-T department

Rupee flat at 84.43 against USD; low crude price negates dollar strength

At the interbank foreign exchange, the rupee opened at 84.39 and stayed range-bound throughout the session. It finally settled at 84.43 (provisional) against the greenback

Govt planning to sell stakes in 4 state-run banks to comply with Sebi norms

The Securities and Exchange Board of India (SEBI) requires listed companies to maintain a 25 per cent public shareholding, but has exempted government-owned firms from meeting these norms till August

TN asks Finance Commission to consider 'income distance' for tax devolution

State also wants weightage increased for contribution to national GDP and urbanisation

Rupee rises 2 paise to 84.40 against US dollar during early trade

Forex traders said, however, sustained outflow of foreign funds and an upward movement in crude oil prices put pressure on the local unit

CM Stalin asks 50% share of Central taxes for projects of Tamil Nadu

He said the Commission's recommendation should fulfill the needs and meet the aspirations of Tamil Nadu and ensure its greater contribution towards making India an economic superpower

Banks need to make loans more affordable, says FM Nirmala Sitharaman

The Finance Minister also said that inflation is very volatile because of supply and demand constraints

Newer companies rise on UPI leaderboard, Navi now the fourth largest

The company processed 157.51 million transactions in October, overtaking Bengaluru-based Cred, which recorded 152.28 million transactions in the same month