Page 222 - Finance News
Amid volatile oil prices, rupee turns flat at 83.03 against US dollar
The rupee stayed flat at 83.03 against the US dollar in early trade on Tuesday amid volatile crude oil prices in the overseas market
 "Amid volatile oil prices, rupee turns flat at 83.03 against US dollar")
Paytm Payments Bank and RBI ban: What went wrong and the story so far
RBI Paytm Payments Bank news: After the ban announced on January 31, the shares of One97 Communications Ltd have fallen over 43% and are near their all-time low
 "Paytm Payments Bank and RBI ban: What went wrong and the story so far")
Four state-owned banks may be approved to raise funds in H1 of FY25
Punjab National Bank eyes FPO, Central Bank of India seeks approval for OFS; move aimed at accelerating lending business and improving public participation
 "Four state-owned banks may be approved to raise funds in H1 of FY25")
Reserve Bank's decision to freeze Paytm shows faulty understanding
Last week, the Reserve Bank of India barred the institution from any further deposit or credit transaction in customer accounts, wallets or cards after Feb. 29
 "Reserve Bank's decision to freeze Paytm shows faulty understanding")
Finance ministry asks banks to expeditiously resolve issues of exporters
Insurance related issues faced by traders were discussed with IRDAI and progress made on those issues were informed by IRDAI, the statement said
 "Finance ministry asks banks to expeditiously resolve issues of exporters")
Govt to review tax on online gaming after March: Revenue Secy Malhotra
Online gaming companies including Delta Corp. and Tiger Global-backed Dream11 have seen an increase in demands and notices from tax authorities amid a crackdown on alleged tax evasion
 "Govt to review tax on online gaming after March: Revenue Secy Malhotra")
Sales in global ESG bond market reach $150 billion in busiest January ever
Falling borrowing costs and seemingly insatiable investor demand have turbo-charged issuance in bond markets across the globe
 "Sales in global ESG bond market reach $150 billion in busiest January ever")
Asian Development Bank appoints Mio Oka as country director for India
He will succeed Takeo Konishi who has been promoted as ADB Director General for South Asia at the Manila headquarters
 "Asian Development Bank appoints Mio Oka as country director for India")
Alternative investment fund route to obtain 'QIB' status may get tough
QIBs are essentially institutional investors such as mutual funds, foreign portfolio investors (FPIs) and AIFs. They have separate quotas in initial public offerings (IPOs) and offer for sales (OFS)
 "Alternative investment fund route to obtain 'QIB' status may get tough")
GST officials detect 14,597 tax evasion cases in Apr-Dec: Govt informs LS
A maximum number of such cases was registered in Maharashtra (2,716), followed by Gujarat (2,589), Haryana (1,123) and West Bengal (1,098)
 "GST officials detect 14,597 tax evasion cases in Apr-Dec: Govt informs LS")
Gujarat state civic body accepts bids for maiden green bonds: Bankers
The city, situated in the Western state of Gujarat, has set a semi-annual coupon of 7.90%, and had invited bids from bankers and investors for the issue earlier in the day
 "Gujarat state civic body accepts bids for maiden green bonds: Bankers")
Jio Financial Services, HDFC Bank frontrunners to buy Paytm's wallets biz
Paytm has been in talks with JFSL since November last year and it reached out to HDFC Bank just before the RBI barred its Payments Bank from accepting more deposits from February 29
 "Jio Financial Services, HDFC Bank frontrunners to buy Paytm's wallets biz")
Banks pitch risky hedges to Indian firms yearning for higher forex returns
A few foreign banks have been actively pitching TARFs and increasingly more so recently, he said
 "Banks pitch risky hedges to Indian firms yearning for higher forex returns")
RBI bars Paytm Payments Bank from carrying out transactions starting Feb 29
'Persistent non-compliance' by company, says order barring it from credit transactions or top-ups in customer accounts
 "RBI bars Paytm Payments Bank from carrying out transactions starting Feb 29")
RBI Monetary Policy Committee meet: Check date, time and what to expect
RBI MPC: In a poll conducted by Business Standard, all 10 respondents said that the MPC might maintain the status quo for a sixth consecutive time
 "RBI Monetary Policy Committee meet: Check date, time and what to expect")
HDFC Bank appoints BoA, Barclays for likely dollar bond issue, say bankers
HDFC Bank's Regulation-S notes will be rated Baa3 by Moody's and BBB- by S&P
 "HDFC Bank appoints BoA, Barclays for likely dollar bond issue, say bankers")
Rupee depreciates 4 paise to 83.02 against US dollar in early trade
The rupee depreciated 4 paise to 83.02 against the US dollar in early trade on Monday, tracking a strong American currency and rising crude oil prices in the international market
 "Rupee depreciates 4 paise to 83.02 against US dollar in early trade")
Bond traders pin hopes on dovish RBI pivot to extend Budget rally
Indian bonds have rallied over the past three months, fueled by overseas inflows ahead of global index inclusion starting June
 "Bond traders pin hopes on dovish RBI pivot to extend Budget rally")
Nabard projects 16% jump in priority sector lending potential in Bengal
Nabard's Chief General Manager Usha Ramesh unveiled the West Bengal state focus paper on Saturday alongside bankers, State Chief Secretary B P Gopalika, and other officials
I-T dept collects over Rs 1,260 cr in TDS from online gaming, crypto trade
About Rs 1,080 crore in taxes (under the tax deduction at source head) has been collected from online gaming and around Rs 180 crore through TDS has been mopped up during 2023-24 fiscal
 "I-T dept collects over Rs 1,260 cr in TDS from online gaming, crypto trade")