India’s retail inflation eased to 3.34% on an annual basis in March, according to government data released on Friday. In February, inflation had dropped to a seven-month low of 3.61% year-on-year, mainly due to softening food prices. A Reuters poll of 40 economists conducted from April 3 to 8 had estimated March inflation to be…
IndusInd Bank has appointed Grant Thornton to conduct a forensic review into accounting lapses detected this month and to check if there is any evidence of fraud or internal misstatements, said two people with direct knowledge of the matter. IndusInd is India’s fifth-largest private lender with a balance sheet of $63 billion. Its shares have…
Feb 01, 2025 06:49 PM IST The huge transfer of funds will help the government to narrow its fiscal deficit to 4.4 per cent of the GDP. To offset a drop in income tax revenues because of the cuts announced in the Union Budget, the Central government expects the Reserve Bank of India (RBI) and…
Rupee is likely to experience slight depreciation in 2025, driven by volatile foreign portfolio investor (FPI) flows and a potentially stronger US dollar, as per a Bank of Baroda report. Despite a 2.8 per cent depreciation in 2024, INR outperformed several global currencies, aided by the Reserve Bank of India’s (RBI) active forex market interventions…
Manmohan Singh, a soft-spoken and cerebral former Indian prime minister who was credited with far-reaching changes that propelled his country’s emergence as an economic powerhouse able to compete with China, died on Thursday in New Delhi. He was 92. His death was announced in a statement by the All India Institute of Medical Sciences, the…
The first is Fed action: All central banks say that they look at domestic conditions when framing policy. But traders and analysts always trace a link to the Federal Reserve, often in the belief that what the US central bank does drives all other policies. While central banks are steadfast in approach, bond yields are…
Last Updated:December 13, 2024, 10:40 IST The Reserve Bank of India (RBI) on Friday received the second bomb threat in less than a month. Reserve Bank Of India’s Mumbai Headquarters | File Image The Reserve Bank of India (RBI) on Friday received the second bomb threat in less than a month, which was reportedly delivered…
Mahaparinirvan Diwas bank holiday: Are banks in Maharashtra closed on December 6 for Mahaparinirvan Diwas? No, it is not a public holiday. As such, all public and private banks in the state, including the State Bank of India (SBI), will function as usual. Mahaparinirvan Diwas pays tribute to Dr Babasaheb Ambedkar on his death anniversary….
Markets regulator Sebi issued a circular on instant redemption in liquid funds in 2017, allowing investors to withdraw up to ₹50,000 or 90% of the money parked in a liquid fund per day, whichever is lower. Many fund houses such as PPFAS, Nippon, Shriram, Bajaj, ICICI, HDFC and SBI offer this facility. Liquid mutual funds…
Last Updated:November 29, 2024, 16:41 IST India’s Q2FY25 GDP Growth: Get the latest updates on India’s economic performance in the July-September 2024 quarter. Track the trends, expert analysis, and implications for FY25. India’s Q2 GDP Data. India Q2 GDP Data: India’s gross domestic product (GDP) grew 5.4 per cent during July-September 2024, according to the…
