Stock market today: BSE Sensex tumbles over 300 points, Nifty50 opens below 24,600 Benchmark indices began the session in red, extending cautious sentiment amid mixed global cues and renewed concerns over rising crude oil prices. In early trade, BSE Sensex declined 318.74 points, or 0.40%, to 78,636.02, while NSE Nifty 50 fell 37.20 points, or…
The transaction was timed in a way that it took advantage of the current market situation NEW DELHI: A government department that has an operations room named Kurukshetra is clearly in battle mode. But, the merchant bankers for the LIC stake sale seemed to have missed the signal.While the offer-for-sale had been discussed for more…
Gold prices extended their gains for a fourth consecutive session on Thursday, touching a seven-week high as weaker oil prices, a softer US dollar and lower US Treasury yields lifted demand for the safe-haven metal amid growing optimism over the reopening of the Strait of Hormuz. The rally followed modest gains on Wednesday, when a…
The new norms will impact all non-bank lenders, including housing finance companies and microfinance providers MUMBAI: RBI’s move to harmonise interest rate frameworks across regulated entities is likely to standardise loan pricing and improve monetary transmission while reducing the pricing discretion currently available to NBFCs.The move would mark a departure from the existing structure where…
The classification has gained attention after Tata Sons sought to de-register as an NBFC to avoid mandatory listing requirements MUMBAI: RBI governor Sanjay Malhotra indicated that Tata Sons continues to be on the list of upper layer NBFCs, even as the central bank is yet to release its updated classification based on revised principle-based criteria….
RBI noted that core inflation excluding precious metals stood at 2.3% to 2.5%, while headline inflation pressures were driven largely by supply-side factors MUMBAI: RBI raised its growth projections and lowered inflation estimates while the monetary policy committee voted unanimously to keep the repo rate unchanged at 5.25% and retain a neutral stance, signalling no…
Central bank is preparing to pilot the new currency substrate after securing govt approval for large-scale field trials MUMBAI: Polymer banknotes are likely to enter circulation at the beginning of FY28, RBI governor Sanjay Malhotra said, as the central bank prepares to pilot the new currency substrate after securing govt approval for large-scale field trials….
Government is likely to permit banks and payment service providers to levy a merchant discount rate of between 0.25% and 0.4% on UPI transactions exceeding Rs 2,000. In a step closer to possibly introducing Merchant Discount Rate (MDR) on UPI transactions, the Lok Sabha on Thursday approved a Bill amending the Payment and Settlement Systems…
After beginning the week with strong gains that pushed major indexes to record levels, the market has settled over the past two sessions. US stock market today: Wall Street stocks moved mixed during Thursday morning trading as investors reacted to the latest round of corporate earnings from companies across a broad range of industries.The S&P…
The crèche allowance is generally admissible for up to two children. For many working parents, one of the biggest challenges after the birth of a child is balancing childcare responsibilities with professional commitments. While employer-provided childcare facilities have existed under labour laws for many years, the newly notified Labour Codes have brought renewed focus to…
