Page 154 - Finance News

Rupee slips 1 paisa to 84.07 against US dollar during early trade

Foreign institutional investors (FIIs) were net sellers in the capital markets on Thursday, as they offloaded shares worth Rs 7,421.40 crore, according to exchange data

Rupee pegged back by higher US yields; hopes of RBI intervention counters

Choppy oil prices, foreign investors taking out money in lieu of the China stimulus, higher US yields and the dollar has pushed back the rupee by just 0.3 per cent month-to-date

Bank deposit growth moderates to 11.8% in early October: RBI data

Banks have calibrated credit growth, keeping in mind the challenge of raising deposits as well as RBI's concerns over the high pace of growth in the unsecured credit segment

I-T dept simplifies process under new guidelines for compounding offences

It has done away with the categorisation of offences and removed the limit for filing applications

Customer connect can help avert MUDRA loan crisis, says SBI Dy MD

In August, the Finance Minister had said that public sector banks' non-performing assets (NPA) in the MUDRA loan category stood at 3.4 per cent in FY24, compared to 4.7 per cent in FY21

NFRA chairman Pandey stresses the need to adopt global audit standards

Pandey said that NFRA is trying to educate people about the need for adherence to global standards such as ISA 600

Direct tax collections jump 182% in 10 years to over Rs 19.60 trn in FY24

The latest 'Time Series Data' released by the income tax department showed that the corporate tax collections more than doubled to over Rs 9.11 trillion in 10 years to 2023-24 fiscal

Foreigners unwinding Indian bond derivatives holdings draws RBI attention

Foreign investors still hold Indian government debt worth Rs 2.47 trillion-- either through FAR securities or through derivatives such as total return swaps (TRS)

Rupee hovers near 84 against dollar on dip in peers, tepid local equities

Meanwhile, inflows related to Hyundai Motor India's IPO undershot market expectations, with traders pointing to muted overnight dollar-rupee swap rates that signalled muted inflows

BlackRock in talks with Jio Financial to set up private credit venture

The 50-50 joint venture will lend to businesses ranging from large companies to startups, the people said, asking not to be identified as the information is not public

Banks can claim deductions for broken period interest: Supreme Court

Broken period interest is the interest paid by a bank when purchasing government securities between coupon payment dates

Yes Bank appoints Nirav Dalal as country head of financial market division

Dalal holds a master's degree in business administration (finance) from the K.J. Somaiya Institute of Management Studies & Research

RBI board reviews challenges due to geopolitical conflicts in meeting

The RBI board also passed a condolence resolution in memory of Ratan Tata, a former director of the central board

Sebi introduces liquidity window facility for investors in debt securities

The liquidity window facility allows investors holding listed debt securities to sell them back to the issuer using a put option on specific dates, ensuring liquidity

Ministers' group discusses merger of GST compensation cess into taxes

States were of the view that since the compensation cess ends in March 2026, the only way to restructure it is to merge the levy with the taxes

50 new payment apps keen on joining UPI despite zero MDR: NPCI MD & CEO

At present, most UPI debit transactions continue to remain free, with payment-processing expenses borne by fintechs and banks

Lending platform Biz2X crosses Rs 9,000 cr mark in loan disbursements

One of the company's key growth drivers is its AI-integrated digital lending platform, DigiKred, which plays a pivotal role in optimizing lending functions for Indian lenders

Rupee pinned near all-time low of 84.07 as regional currencies decline

The rupee is down by about 0.3 per cent this month, but has fared better than its regional peers

Over-reliance on AI poses financial stability risks: RBI Governor Das

Feasibility of expanding RTGS to settle transactions in USD, Euro, GBP can be explored

ITC rule: Bombay High Court seeks response from state's revenue dept

During the initial stage of developing the pharmaceutical product, the petitioner (Enzene Biosciences) had incurred a lot of expenditure