Rupee records worst week since mid-March as US dollar regains strength By Sethuraman N R MUMBAI (Reuters) – The Indian rupee fell to a three-week low on Friday and registered its worst week in eight, dragged down by a broader strength in the dollar index. The rupee closed at 82.1625 per U.S. dollar compared with 82.09 in ...

How will the Reserve Bank of India’s new locker norms impact you? The Reserve Bank of India (RBI), in 2021 revised the rules on safe deposit lockers, which will come into effect on December 31, 2023. These were initially slated to come into force on January 1, 2022. Then the date was postponed to January 1, 2023, and finally to ...

A snapshot of health insurance plans offered by various firms with details 2023 may see an M&A surge in insurance sector: Shriram General Insurance MD Structure of insurance laws to be altered with proposed amendments: Experts LIC may turn into composite insurer; likely to merge 4 PSU general firms Composite insurance licence regime may trigger M&A activity: HDFC Life CFO ...

India set to announce compliance details of carbon trading market in June As world’s third-largest emitter India is on track to reach net zero by 2070 and set to launch a robust and credible domestic carbon market next month, experts say high-integrity carbon credits can attract more investment in India into technology and nature-based climate solutions.   ...

PAN-Aadhaar link to avoid restrictions on NPS A/C: Step-by-step guide here PAN-Aadhaar link status: Are your cards already linked? Learn how to check Pan-Aadhaar link online: What happens if cards are not linked by March 31? PAN-Aadhaar Link: A step by step guide to link two cards before deadline PAN-Aadhaar link: Last date to link these two cards extended to ...

Interest rate hold likely as inflation at its weakest in 18 months By Eltaf Najafizada Consumer prices in India are showing further signs of moderation, giving the central bank room to keep rates on hold after an aggressive tightening campaign dampened demand and muddled the wider outlook for the economy.   Inflation rose 4.76% last month from a year earlier, the ...

Pensioners to get 3 months to give consent for diverting additional dues Subscribers or pensioners opting for higher pension will get three months to give their consent for diverting additional contributions or dues under the Employees’ Pension Scheme (EPS) run by the Employees’ Provident Fund Organisation (EPFO), stated a circular on Thursday. Earlier in November 2022, the Supreme ...

Regulators ask if Credit Suisse bond wipeout must trigger insurance payout After Credit Suisse wipeout, AT1 bonds make a return in the global market UBS takes over Credit Suisse: Everything you need to know about the crisis Credit Suisse reports loss for fifth straight quarter, shares slump 10% UBS in talks to buy embattled Swiss rival Credit Suisse, says report ...

SoftBank Group Corp vision fund loses money mgain despite tech rebound By Min Jeong Lee and Takahiko Hyuga SoftBank Group Corp. lost money in its Vision Fund investment unit again despite a rebound in tech stocks, as the Japanese conglomerate suffered losses on unlisted startups in its portfolio.   The Vision Fund unit lost ¥297.5 billion ($2 billion) in ...

IMF warns US default would have 'serious repercussions' worldwide Potential consequences from a US default would include higher interest rates and broader instability, IMF spokeswoman Julie Kozack said in a briefing Thursday