Page 44 - Finance News

Indian exporters lobby RBI for weaker rupee to offset Trump tariffs

Exporters are seeking a rupee exchange rate of around 103 per dollar for US earnings, Pankaj Chadha, chairman of the Engineering Export Promotion Council of India, said

Global long-dated bond selloff continues as gold prices hit record high

The 30-year Japanese government bond (JGB) yield hit an unprecedented 3.255% on Wednesday morning, following a run-up in similarly dated UK gilts and U.S. Treasuries on Tuesday

GST Council begins talks on two-rate structure, duty inversion fix

The Council, over the next two days, will discuss reducing the number of slabs in GST to just two -- 5 per cent and 18 per cent -- and removing the 12 per cent and 28 per cent slabs

Oppn-ruled states meet ahead of GST Council, seek revenue loss compensation

The 56th GST Council, chaired by FM Nirmala Sitharaman, will discuss the Centre's plan to simplify GST by merging 12% and 28% slabs into two rates of 5% and 18% over the next two days

Indian shadow banks' IPO boom falters amid mounting credit stress

TPG Inc.-backed SK Finance Ltd. and Belstar Microfinance Ltd. are the latest firms to shelve plans for initial public offerings

SBI raises $500 mn at record-tight spreads after S&P's India rating upgrade

The final pricing guidance for SBI's five-year dollar bond was set at 75 basis points above the five-year US Treasury yield, translating into a coupon rate of 4.50 per cent

IndiaBonds, Upstox join hands to offer bond investments to retail investors

Bonds are a fixed-income investment instrument offering regular, passive returns to investors looking for stability and steady growth in their portfolios

India's consumption loans rise 14.5% in Q1FY26, led by gold loans

India's consumption loans grew 14.5% YoY in Q1FY26 to Rs 105.6 trillion, driven by gold loans, while personal loan growth slowed and credit card originations dropped sharply

CCI approves SMBC's 20% stake purchase in Yes Bank for $1.6 billion

SMBC in May had inked a deal to take a 20% stake in Yes Bank for $1.6 billion, making it the largest cross-border merger and acquisition deal in India's financial sector

NCDEX raises $88 million from brokers ahead of equity foray, says CEO

The exchange, which dominates agricultural commodity trading in India, received in-principle approval from the markets regulator in July to launch equity and equity derivatives trading

Next gen GST reforms will set economy open and transparent: Sitharaman

Sitharaman urged banks to boost credit, support infrastructure, fund MSMEs, bring the unbanked into formal banking, and meet diverse financial needs for Viksit Bharat 2047

PhonePe, DSP Finance launch loans against mutual funds up to Rs 2 crore

PhonePe has introduced a loans against mutual funds product with DSP Finance, offering secured credit lines up to Rs 2 crore with flexible repayment and portfolio continuity

Limited room to buy bonds issued by states: India's biggest banks to RBI

Banks' reduced buying of state bonds could strain India's state governments, which have completed only about 26% of their planned borrowing this fiscal year

Account Aggregator ecosystem driving credit access, says Finance ministry

As on date, 112 Financial Institutions have gone live both as Financial Information Providers (FIP) and Financial Information Users (FIU), while 56 have gone live solely as FIP and 410 as FIU

UPI transactions up 3% in August to 20 bn as festive demand lifts usage

Festive season demand lifted UPI volumes in August, while IMPS declined; FASTag and AePS posted strong gains, reflecting India's deepening digital payments adoption

India to implement OECD's crypto reporting framework from April 2027

India is expected to sign the Multilateral Competent Authority Agreement (MCAA), a global framework for automatic exchange of tax information next year, he said

Rupee hits fresh intraday low of 88.33 on tariff fears, ends flat at 88.20

The local currency regained all losses by the end of the trade on likely Reserve Bank of India (RBI) intervention by dollar sales, to settle at 88.20 per dollar, flat against Friday

Bajaj Markets crosses $3 bn in disbursals, targets $1 bn more in FY26

Aims to end FY26 with an annualised run rate of close to billion dollars in disbursal

Deutsche Bank puts India retail banking business up for sale, invites bids

The Germany-based bank has pledged to make its retail business more profitable

GST 2.0 should pave way towards single nationwide tax rate: Report

The report titled 'GST 2.0: Two Slabs Today, One Rate Tomorrow', strongly recommended pegging the peak indirect tax rate, including cesses, to 18 per cent