Page 91 - Finance News
Indian Rupee ends 23 paise weaker at 85.63/$; dollar, crude trade weak
The domestic currency depreciated 23 paise to end at 85.63 after closing at 85.40 against the greenback on Monday
 "Indian Rupee ends 23 paise weaker at 85.63/$; dollar, crude trade weak")
Indian Rupee snaps two-day winning streak; opens 8 paise lower at 85.48/$
The domestic currency opened 8 paise lower at 85.48 after closing at 85.40 against the greenback on Monday
 "Indian Rupee snaps two-day winning streak; opens 8 paise lower at 85.48/$")
What role will central banks play when tokenised finance goes mainstream?
With apps like Robinhood easing investing, Millennials and Gen Z reject private banks offering unlisted unicorns to their wealthy parents but not to actual users of these startups' services
 "What role will central banks play when tokenised finance goes mainstream?")
Management buyouts have seen an uptick after Covid-19, shows data
Funding options, structural changes make increased traction likely
 "Management buyouts have seen an uptick after Covid-19, shows data")
Open market operations: The central bank's new communication policy
The approach to managing liquidity and communication policy is yet another manifestation of how the central bank has taken a fresh view on the issue
 "Open market operations: The central bank's new communication policy")
SC upholds use of input tax credit for mandatory GST appeal deposit
In the context of GST, a tax credit refers to input tax credit, or ITC, which means the credit of GST paid on purchases that a business can use to offset the GST liabilities on sales
 "SC upholds use of input tax credit for mandatory GST appeal deposit")
RBI proposes new norms for RE investments in AIFs, seeks public feedback
As part of a revised framework, RBI has proposed a 10% cap on RE contribution to AIFs, stricter provisioning rules, and is inviting stakeholder feedback by 8 June
 "RBI proposes new norms for RE investments in AIFs, seeks public feedback")
India to tighten rules on firms with indirect foreign ownership: Report
The discussions are close to being finalised, the sources, both government officials said. They declined to be identified as the discussion was not public
 "India to tighten rules on firms with indirect foreign ownership: Report")
Indian Rupee ends higher at 85.40/$ as dollar slips after Moody's downgrade
The domestic currency ended 12 paise higher at 85.40 after closing at 85.52 against the greenback on Friday
 "Indian Rupee ends higher at 85.40/$ as dollar slips after Moody's downgrade")
Indian Rupee opens 8 paise higher at 85.44/$ as oil, dollar retreat
The domestic currency opened 8 paise higher at 85.44 after ending at 85.52 against the greenback on Friday
 "Indian Rupee opens 8 paise higher at 85.44/$ as oil, dollar retreat")
RBI seeks govt nod for bigger contingent risk buffer band after ECF review
Board to meet on May 23 to decide transferable surplus based on new range
 "RBI seeks govt nod for bigger contingent risk buffer band after ECF review")
Rupee steady versus dollar, but loses ground against euro, pound in 2025
The unit was stable against the dollar with 0.01 per cent appreciation so far in 2025
Mint Road's enforcement framework shifts focus to governance premium
The woes at IndusInd Bank have put the spotlight back on a key initiative the banking regulator's Enforcement Department set rolling in FY24
 "Mint Road's enforcement framework shifts focus to governance premium")
IBC requires urgent reforms to meet demands across various sectors
Court orders and reforms do not compensate for the legislative clarity needed in IBC for sector-specific insolvency processes
 "IBC requires urgent reforms to meet demands across various sectors")
Sebi mandates e-book mechanism for private debt securities above Rs 20 cr
The move, based on recommendations from a working group and public feedback, is aimed at enhancing the efficiency of the Electronic Book Provider (EBP) platform
 "Sebi mandates e-book mechanism for private debt securities above Rs 20 cr")
Sebi eases cash flow disclosure norms in corporate bond database framework
This move is aimed at streamlining and simplifying the process of trade execution on the RFQ platform
Centre pushes CPSEs towards tech adoption, AI focus to boost efficiency
The senior official further explained that the change in traditional approach means CPSEs need to develop more core systems through the new emerging technologies such as AI
 "Centre pushes CPSEs towards tech adoption, AI focus to boost efficiency")
RBI penalises Deutsche Bank, YES Bank for breaching compliance norms
Deutsche Bank and YES Bank fined ₹50 lakh and ₹29.6 lakh respectively for violating RBI directions on credit reporting and disclosure of customer complaints
 "RBI penalises Deutsche Bank, YES Bank for breaching compliance norms")
Forex reserves hit 7-month high of $690.6 billion, gold up $4.5 billion
India's forex reserves rise by $4.5 billion to a seven-month high of $690.6 billion, driven largely by gold valuation gains amid continued rupee volatility
 "Forex reserves hit 7-month high of $690.6 billion, gold up $4.5 billion")
IRFC raises ₹3,000 crore via 5-year bonds at record 6.65% cut-off
Strong demand, easing inflation, and RBI's expected rate cuts help IRFC raise ₹3,000 crore through five-year bonds at the lowest ever cut-off yield of 6.65 per cent
 "IRFC raises ₹3,000 crore via 5-year bonds at record 6.65% cut-off")