Business

The Reserve Bank of India (RBI) has enabled interoperability between account aggregators. (Image for representative purpose only) Soon, your Consolidated Account Statement (CAS) will reflect details from your mutual funds, insurance, banks and fixed deposits.The Reserve Bank of India (RBI) has enabled interoperability between account aggregators (AAs), a move that will allow customers to share…

Centre approves Rs 10,000 crore fund for equity capital of SME as FTAs open expansion opportunities NEW DELHI: The Union Cabinet on Tuesday approved the setting up of Rs 10,000 crore SME Growth Fund (SGF), aimed at catalysing growth-oriented capital for small and medium enterprises (SMEs) to enable the emergence of champion enterprises across manufacturing,…

The Kerala High Court observed that the grandmother could not be expected to make such unreasonable demands. (Image for representative purpose only) Is a woman entitled to seek maintenance from her granddaughter and late son’s widow if she herself already receives pension? In a recent judgement, the Kerala High Court has ruled that a grandmother…

Iraq devalues its currency Iraq’s dinar has taken a step down against the US dollar, with the country officially resetting its exchange rate from around 1,300 dinars to 1,500 dinars per dollar. But in the market, the dollar is already fetching more than 1,700 dinars.The new official rate was decided at a Cabinet meeting on…

The man, a doctor in Mumbai, owns a ground-floor unit in Building No. 1 of the housing society. (Image for representative purpose only) You default on the maintenance dues for the housing society you are living in. Should you be labelled as a defaulter? In one such case a man has secured interim protection from…

Does the repo rate hike mean an automatic increase in your loan EMIs? The Reserve Bank of India has announced a repo rate hike to keep inflation under check. But already faced with higher costs of daily essentials, Indian households have to now contend with paying higher EMIs for their loans.The US-Iran war has fed…

Indian benchmark indices ended sharply higher in the previous session, extending their rally for a second straight session. The 30-share BSE Sensex gained 685.34 points, or 0.95%, to settle at 73,067.81, while the 50-share NSE Nifty climbed 220.35 points, or 0.98%, to close at 22,776.10. Buying in banking stocks and Reliance Industries, along with a…

Starlink has completed a major ground infrastructure in India, with 20 gateway sites and hundreds of antennas already in place as the satellite communications company prepares to serve the Indian market.Lauren Dreyer, vice president, Starlink business operations, SpaceX, said at India Mobile Congress 2026 that the company has also developed security controls specifically for the…

Malhotra’s comments come within days of FM Sitharaman indicating discussions having “reached a plateau”. India’s trade agreements with other countries should help mitigate the impact of possible US tariffs if a trade deal does not come through, indicated RBI governor Sanjay Malhotra on Wednesday.Asked about the possible impact on the economy if the India-US trade…

The MPC observed that geopolitical developments continue to make the global environment difficult. RBI governor Sanjay Malhotra announced the Monetary Policy Committee’s (MPC) decision to hike repo rate by 25 basis points on Wednesday. Repo rate is the rate at which RBI lends money to banks and it now stands at 5.50%. The rate hike…