Page 81 - Finance News

Indian Rupee gains after a one-day fall; opens 25 paise higher at 85.30/$

The domestic currency began the session 25 paise higher at 85.30 after ending at 85.55 against the greenback on Thursday

Fintechs push AI, new protocol to simplify backend tools for merchants

Cashfree and Razorpay use AI agents and a new protocol to simplify backend systems and automate payments, easing merchant operations across fintech platforms

Indian Rupee snaps three-day winning streak; ends 27 paise lower at 85.52/$

The domestic currency closed 27 paise lower at 85.52 after ending at 85.28 against the greenback on Wednesday

Indian Rupee opens 24 paise lower at 85.52/$; snaps 3-day winning streak

The domestic currency began the session 24 paise lower at 85.52 after closing at 85.28 against the greenback on Wednesday

RBI pushes lenders to revive funding market vital for monetary policy

While overall money-market turnover has risen to an average $70 billion a day, interbank trades account for just 2 per cent of that, down from 20 per cent a decade ago

India's outward FDI nearly doubles to $6.8 bn in April 2025: RBI data

Equity, loans, and guarantees led the surge in outward FDI commitments from India, which rose to $6.8 billion in April 2025, up from $3.58 billion a year earlier

State Bank of India to decide on $3 billion fundraising on May 20

The bank's Executive Committee of the Central Board will meet on May 20 to decide on the fundraising plans

SMBC's 20% stake purchase is credit positive for Yes Bank: Moody's

Moody's says SMBC's investment in Yes Bank adds a strategic partner with strong funding and governance credentials, though affiliate support not yet factored in

Indian Rupee ends slightly higher at 85.28/$ as crude oil prices fall

The domestic currency ended 6 paise higher at 85.28 after ending at 85.34 against the greenback on Tuesday, according to Bloomberg data

RBI reviews e-wallets after sudden collapse of EV taxi service BluSmart

Reserve Bank of India has begun informal consultations with EV charging-point operators and other app-based EV platforms to assess potential consumer risks

Indian Rupee trades up on strong cues; opens 21 paise higher at 85.13/$

The domestic currency opened 21 paise higher at 85.13 after ending at 85.34 against the greenback on Tuesday

Rupee gives up early gains as traders unwind long positions, bonds rally

The benchmark 10-year government bond yield fell by 5 basis points (bps) to settle at 6.33 per cent, against the previous close of 6.38 per cent

Sahara Hospitality stressed asset: 18 ARCs express interest in Sahara Star

Once the entities that have submitted EoIs complete their due diligence, binding bids for acquiring the exposure will be invited

Now hiring: Centre to fill 25 top posts in financial institutions soon

FSIB will conduct interviews and prepare the shortlist

PayU gets final RBI approval to operate as online payment aggregator

Prosus-backed PayU receives final RBI approval to act as an online payment aggregator over a year after in-principle clearance and corporate restructuring

Indian Rupee pares early gains; ends 4 paise higher at 85.34/$

The domestic currency ended 4 paise higher at 85.34 after ending at 85.38 against the greenback on Friday, according to Bloomberg data

Indian Rupee opens 71 paise stronger at 84.67/$ as border tensions ease

The domestic currency opened 71 paise higher at 84.67 after ending at 85.38 against the greenback on Friday

State-run banks cautious; target modest 11-13% credit growth in FY26

Bankers said credit growth is expected to be sluggish in FY26 owing to weaker demand across unsecured loans, mortgages

Govt bonds, rupee seen gaining as India-Pakistan border tensions ease

Bond yields may ease 3-4 bps while rupee likely to stabilise near 85 mark as ceasefire and RBI's support measures improve sentiment in bond and currency markets

Income Tax dept notifies all 7 ITR forms for assessment year 2025-26

One important change has been introduced in ITR-1 and 4, which was notified on April 29, relating to the reporting of capital gain income from listed equities