MUMBAI: With the rupee under pressure, the RBI has rolled back an earlier move to give exporters more time to bring in export proceeds from Oct 2026. In Jan, the RBI had allowed exporters 15 months from the date of shipment or invoice to realise and repatriate the proceeds from Oct. The Sept amendment retains…
Chief Economic Advisor V Anantha Nageswaran India’s relationship with the US is in an “uneasy equilibrium” as trade disputes between the partners persist, a senior govt official said. “There is this issue of unsettled relationship with the US, starting from the tariff-related issues last year, which are still continuing,” chief economic adviser V Anantha Nageswaran…
FCNR(B)-deposit boost for re eroded by oil price spike NEW DELHI: RBI on Friday said the Indian economy has performed well despite global headwinds and noted that escalation of West Asia conflict this month has resulted in a sharp increase in oil prices, reigniting fears over a build-up of inflationary pressure and further disruption in…
MUMBAI: Self-listing by stock exchanges is feasible, but the decision remains under the purview of market regulator Sebi, NSE chairperson Srinivas Injeti said Friday. A day after the country’s largest bourse got listed on rival exchange BSE, Injeti pitched for self-listing, saying that things which are not permitted today may be allowed tomorrow amid evolving…
A host of insurance companies and insurance policy sellers slid as much as 36% on Thursday. Mumbai: A host of insurance companies and insurance policy sellers slid as much as 36% on Thursday after the industry regulator Irdai suggested new policy distribution methods that, among others, ban dark patterns and several other changes to how…
MUMBAI: The rupee weakened by 26 paise to settle at 95.99 against the US dollar on Thursday, dragged by a surge in crude oil prices and a strong greenback amid geopolitical uncertainties. According to forex traders, the domestic currency was also weighed down by heavy selling in domestic equity markets as investors moved toward risk…
finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Friday clarified that the Merchant Discount Rate (MDR) on UPI transactions is not a government charge and will not burden consumers.Sitharaman clarified that consumers will not have to pay Merchant Discount Rate (MDR) charges on UPI transactions above Rs 2,000 and, rather it will be…
After the bank failed to return their original property papers, the couple approached the Banking Ombudsman. (Image for representative purpose only) You take a home loan and you repay it in full, but the bank loses the property papers. What do you do and what are your rights?A Delhi-based couple faced precisely this situation. After…
PB Fintech shares hit multiple circuit limits during Thursday’s session before ending 36% lower at a 52-week low. PB Fintech share price today: PB Fintech, the parent company of Policybazaar, suffered its steepest-ever single-day fall on Thursday, with the stock plunging 36% and wiping out around Rs 31,430 crore from the company’s market value. The…
Oil ministry data showed that active domestic LPG customers stood at 327.7 million at the beginning of September. The US-Iran war has hit LPG imports and as a result India’s domestic LPG customer base has declined for the first time in more than a decade. Around 6.2 million households have dropped off between April and…
