Page 92 - Finance News

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

MSMEs struggle with access to formal credit due to limited formalisation

Other factors such as information asymmetry, lack of comprehensive financial records, weak credit histories, and insufficient collateral contribute to this issue

Rupee rises against dollar but falls against euro, pound amid trade deals

The rupee has been caught in a swirl of trade negotiations between the US and other major economies such as the UK and China, even as the US Fed considers rate cuts later this year

Rupee ends slightly higher at 85.52/$; falls for second straight week

Rupee closed 3 paise higher at 85.52 after ending at 85.55 against the greenback on Thursday

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