Page 185 - Finance News

Rupee appreciates 4 paise to 83.57 against US dollar in early trade

At the interbank foreign exchange market, the rupee opened at 83.59 and gained ground to trade at 83.57 against the greenback in initial deals

Vedanta to raise Rs 8,500 cr via QIP at floor price of Rs 461 per share

Mining conglomerate Vedanta Ltd on Monday announced the launch of its qualified institutional placement (QIP) issue at a floor price of Rs 461.26 apiece.

SBI hikes MCLR by up to 10 bps, customer loans likely to become costlier

SBI executives said this revision is part of the process to pass on the increase in cost of funds to borrowers and protect margins

From smartphones to smart loans: Gen Z, millennials boost digital lending

The share of digital loans has increased from 1.8% of total retail loans in FY22 to around 2.5% in FY24, revealed a report by Redseer Strategy Consultants

Rupee depreciates 4 paise to 83.55 against US dollar in early trade

On Friday, the rupee settled at 83.51 against the US dollar

Bank credit-deposit ratio: Work to restore normalcy in system continues

RBI wants banks to explain how they plan to bring it down but has set no specific target

Fintechs' lending biz is growing but industry must mind the warning signals

FY24 sees record loan surge and customer growth

India's retail digital payments set to double to $7 trn by 2030: Report

Strong adoption of digital payments in online purchases has potentially led to a permanent shift in consumer behaviours, fueling offline adoption as well

Softbank exits Paytm in June quarter at loss of around $150 mn: Report

Softbank invested about $1.5 billion in One97 Communications -- the owner of Paytm brand -- in tranches in 2017

Major credit card issuers go live on Bharat Bill Payment Systems platform

Issuers live on the platform cater to 80-85% customers

India Inc files ECB intent worth $4.28 billion in May, shows RBI data

Out of this, the intent for fund raise through the automatic route amounted to $ 3.66 billion and that via approval route was $ 343.2 million, according to RBI data

Group representing NBFCs seeks approval to offer credit through UPI

Industry should be 'permitted to carry out certain activities restricted to banks', says FIDC

India's credit ratings upgrade is long overdue: RBI Guv Shaktikanta Das

Governor of the Reserve Bank of India Shaktikanta Das said that India is capable of meeting its external payment obligations and a credit ratings upgrade should happen soon

Rupee trades flat at 83.53 against US dollar during early session

At the interbank foreign exchange market, the rupee opened flat at 83.53 against the US dollar. The local unit moved in a tight range of 83.50 to 83.54 in morning deals

AIFs pin hopes on passthrough status for Category-III funds: IVCA

Industry body requests removal of 25 per cent limit for IFSC-based retail funds' investment in unlisted assets

In a relief to companies, CBIC clarifies taxability on corporate guarantee

In a separate move, CBIC has introduced enabling provisions for allowing rectification of GSTR-1 for businesses

NPCI International partners with Qatar National Bank to launch UPI

In June, NIPL inked an agreement with the central bank of Peru to develop a UPI-like payment system in the South American country

Bain Capital to buy financial software vendor Envestnet in $4.5 bn deal

Bain Capital is offering $63.15 per share in cash

RBI's decision on LRS enhances attractiveness of GIFT IFSC, says city MD

GIFT city located in Gandhinagar has been envisaged as an integrated hub for financial and technology services not just for India but for the world

FinMin notifies GSTR-1A, allows taxpayers to amend outward supply form

Last month, the GST Council had recommended providing a new optional facility by way of form GSTR-1A to facilitate the taxpayers to amend the details in form GSTR-1