Page 78 - Finance News
SC upholds ICICI Securities delisting, dismisses plea over valuation
The Supreme Court rejected investor Manu Rishi Gupta's challenge to ICICI Securities' delisting and merger with ICICI Bank, calling the valuation process fair
 "SC upholds ICICI Securities delisting, dismisses plea over valuation")
Rupee extends fall as dollar revives; opens 29 paise weaker at 85.63/$
Indian Rupee today: The domestic currency opened 29 paise weaker at 85.63 against the US dollar, after ending at 85.34 on Tuesday
 "Rupee extends fall as dollar revives; opens 29 paise weaker at 85.63/$")
Digital lending norms: NBFC loans to MSMEs likely to get dearer
Mostly loans to micro, small, and medium enterprises (MSMEs) are covered under credit guarantee schemes. Loans to these sectors that are extended by the NBFCs, as a result, could become dearer
 "Digital lending norms: NBFC loans to MSMEs likely to get dearer")
CBDT extends ITR filing deadline to September 15 amid major changes
CBDT extends ITR filing deadline to 15 September for AY 2025-26 citing major changes in forms, late TDS credits and system readiness, offering relief to taxpayers
 "CBDT extends ITR filing deadline to September 15 amid major changes")
Govt nominees in Payments Regulatory Board may help bridge RBI-FinMin gap
The top priorities for the new board could include decisions on how Unified Payments Interface (UPI) is incentivised in the future
 "Govt nominees in Payments Regulatory Board may help bridge RBI-FinMin gap")
FM Nirmala Sitharaman signals policy aid to fintechs in Pine Labs visit
Sitharaman may visit more fintech companies and global capability centres across major cities
 "FM Nirmala Sitharaman signals policy aid to fintechs in Pine Labs visit")
Jio Credit raises ₹1,030 crore through 3-year bonds at 7.08% cut-off
Jio Credit raises ₹1,030 crore via 3-year bonds at 7.08% cut-off yield, trims issue from ₹1,500 crore amid higher-than-expected rates; follows recent bond, CP issuances
 "Jio Credit raises ₹1,030 crore through 3-year bonds at 7.08% cut-off")
FM Sitharaman visits Pine Labs Noida office, lauds India's fintech sector
During her visit to Pine Labs in Noida, FM Sitharaman praised India's fintech sector for delivering secure and inclusive digital financial services to MSMEs and merchants
 "FM Sitharaman visits Pine Labs Noida office, lauds India's fintech sector")
Indian Rupee ends at 85.34/$; slips 25 paise on dollar recovery
Indian Rupee today: The domestic currency closed 25 paise weaker at 85.34 against the US dollar, after ending at 85.09 on Monday
 "Indian Rupee ends at 85.34/$; slips 25 paise on dollar recovery")
Rupee opens 6 paise lower at 85.15/$ even as dollar, oil prices slip
Indian Rupee today: The domestic currency began 6 paise weaker at 85.15 against the US dollar, after ending at 85.09 on Monday
 "Rupee opens 6 paise lower at 85.15/$ even as dollar, oil prices slip")
Signs of stress: Microfinance disbursements fell sharply by 38% in Q4FY25
According to a report by credit bureau CRIF, disbursements rose 12.2 per cent sequentially to ₹71,580 crore, but were down 38 per cent year-on-year (Y-o-Y) from ₹1.15 trillion
 "Signs of stress: Microfinance disbursements fell sharply by 38% in Q4FY25")
RBI's wider risk buffer range aimed at flexibility in times of uncertainty
RBI revises CRB range to 4.5-7.5% under updated ECF, giving it flexibility to manage surplus transfers and avoid large fiscal shocks in volatile conditions
 "RBI's wider risk buffer range aimed at flexibility in times of uncertainty")
Datanomics: Govt finances get a cushion from RBI, more needed for stability
Defence expenditure was pegged at 1.4 per cent of GDP in the Budget for 2025-26 but it may widen, depending on tensions between India and Pakistan
 "Datanomics: Govt finances get a cushion from RBI, more needed for stability")
Banks, NBFCs shift focus away from unsecured loans to loan against property
As stress continues to linger in the unsecured segment of retail lending, LAP has emerged as an attractive avenue for banks and NBFCs besides gold loans
 "Banks, NBFCs shift focus away from unsecured loans to loan against property")
Rupee appreciates beyond 85 per dollar, pares gains on RBI intervention
The rupee gained as the dollar index fell, but pared gains to close at 85.09 per dollar amid likely dollar buys by the RBI through state-run banks
 "Rupee appreciates beyond 85 per dollar, pares gains on RBI intervention")
RBI's ₹2.69 trillion dividend to govt: Where does its money come from?
RBI's record dividend this year is driven by dollar sales, rupee asset earnings, and tweaks to the Jalan panel formula, giving the govt more fiscal room
 "RBI's ₹2.69 trillion dividend to govt: Where does its money come from?")
Rupee gains 13 paise, briefly strengthens past 85/$ during session
Indian Rupee today: The domestic currency closed 13 paise stronger at 85.09 against the US dollar, after ending at 85.22 on Friday
 "Rupee gains 13 paise, briefly strengthens past 85/$ during session")
RBI plans to seek approval for overseas rupee lending to neighbours
According to Ministry of Commerce data, 90 per cent of India's exports to South Asia were to these four nations in 2024/25, amounting to nearly $25 billion
 "RBI plans to seek approval for overseas rupee lending to neighbours")
Rupee extends gains on weak Dollar; opens 17 paise higher at 85.05/$
Indian Rupee today: The domestic currency began trading 17 paise stronger at 85.05 against the US dollar, after ending at 85.22 on Friday
 "Rupee extends gains on weak Dollar; opens 17 paise higher at 85.05/$")
Bond market sees more OMO buys after RBI's surplus transfer falls short
Expectations of durable liquidity support via OMO rise after RBI's Rs 2.69-trn dividend transfer disappoints markets and currency leakage trends persist
 "Bond market sees more OMO buys after RBI's surplus transfer falls short")