Page 59 - Finance News

Re 1 rise in UPI value trims debit card use by 14 paise: SBI Report

SBI Research report reveals that a Re 1 increase in UPI transaction value reduces debit card usage by 14 paise, reflecting UPI's growing dominance in India's digital payments landscape

Rupee sees highest single-day gain in over six weeks on tariff relief

The Rupee saw its highest single-day gain in over six weeks, rising 0.45%, on hopes of a possible easing of US tariffs and a sovereign credit rating upgrade

Datanomics: GST rate-cut move chases push akin to the Laffer curve

GST collections expanded just 1.7 per cent in July, the slowest growth rate since the Centre began publishing monthly net receipts

Low savings account interest rates fuel a rush to liquid mutual funds

Net new account openings swell to 220,000 in 2025

US tariff impact: MSME NPA classification period likely to be doubled

"The proposal to extend the loan default period for MSMEs from 90 days to 180 days is likely to be taken up by the Cabinet soon," the official said

Mobile phone makers pitch for 5% GST in rate revamp to spur demand

Industry bodies representing device makers had earlier this year petitioned the finance ministry for a shift to 12 per cent, as the government reviewed GST rate slabs

Equities, rupee sparkle on 'double Diwali' promise; bonds flicker

10-yr bond yield sees sharpest rise in nearly two years as GST rejig plan stokes fiscal fears

The matrix, decoded: How QR codes are transforming payments in India

QR code, the little pixelated square, has changed how India pays or accesses information. Its applications are only limited by imagination

Mutual fund overseas assets fall 5.6% to $8.3 billion in FY25, says RBI

At the end of FY24, Indian mutual funds held assets of over $ 8.81 billion in foreign assets, as per the central bank's annual survey of foreign assets and liabilities of mutual funds

Bond yields jump 10 bps on GST cut proposal, wipe out rating upgrade gains

The 10-year bond yield rose 10 basis points to 6.50 per cent on fiscal worries over GST cuts, reversing gains from S&P's sovereign rating upgrade earlier last week

Govt mulling further FDI regime easing, more tax benefits for startups

The government is embarking on the next 100-day agenda of transformation to take India on a fast track to developed nation

As many as 409 firms operating from IFSC GIFT City: FM informs Parliament

Finance Minister Nirmala Sitharaman stated in a written Lok Sabha reply that banking, asset management, and other financial ecosystems have now been included and enabled in GIFT IFSC

FinMin to meet CEOs of PSBs on August 20 to review Q1 performance

The review meeting on August 20 with public sector banks to assess the performance of the first quarter of 2025-26, according to sources

8th pay commission payout may trigger rate hike cycle in FY27: Report

QuantEco Research says delayed 8th CPC payouts with arrears could fuel inflation, tilt growth balance and push RBI to resume rate hikes in late FY27 or early FY28

The Karnataka Bank saga: A clash of egos and cultures in old private banks

Karnataka Bank was founded by a group of agriculturists, lawyers and businessmen, led by BR Vysaray Achar, to promote economic development in the South Canara region. It has no identified promoter

Morgan Stanley warns of NBFC earnings cuts, urges selective approach

Morgan Stanley sees more FY26 earnings downgrades for NBFCs and advises investors to focus on stocks with strong fundamentals and valuation safety amid sector volatility

GST overhaul: Most items to attract 5%, 18% tax; luxury goods may touch 40%

Nearly 99 per cent of items currently taxed at 12 per cent are expected to move to the 5 per cent slab, while most of the goods in the 28 per cent bracket would fall under the 18 per cent rate

PM Modi unveils GST reforms with tax cuts, two-slab structure plan

PM Modi announced "next generation" GST reforms to lower taxes on essentials, simplify rates to two slabs, and ease compliance, with the GST Council to take up proposals soon

Banks roll over ₹1.82 trn at RBI's 8-day VRRR auction to absorb liquidity

RBI accepts Rs 1.82 trillion at 8-day VRRR auction as banks roll over maturing funds from earlier operations amid surplus system liquidity

Authum Investment & Infra promoter divests 2.7% stake for ₹1,165 cr

According to the bulk deal data on the BSE, Mentor Capital offloaded 46.61 lakh shares, representing a 2.74 per cent stake in Mumbai-based Authum Investment & Infrastructure Ltd (AIIL)