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RBI turns net seller of US dollar in August for the first time in FY24 The central bank bought $5 billion, while it sold $43.6 billion of foreign currency in August

IRM Energy's Rs 545 crore IPO subscribed 27 times on last day of offer The Initial Public Offering (IPO) of city gas distribution company IRM Energy was subscribed 27.05 times on the last day of subscription on Friday. The Rs 545.40 crore-initial share sale received bids for 20,62,70,910 shares against 76,24,800 shares on offer, as per NSE data. The category ...

RBI Governor Shaktikanta Das sticks to position on crypto asset ban G20 FMCBG recently adopted roadmap on such assets

GST to be paid on gold coins, white goods given as incentives, rules AAR Input tax credit can be claimed as such items are not gifts, says Telangana authority

Rupee depreciates 5 paise to 83.18 against US dollar in early trade The rupee depreciated by 5 paise to 83.18 against the US dollar in early trade on Friday due to unabated foreign fund outflow amid rising crude oil prices. Negative equity market sentiment and a strong dollar also weighed on the Indian currency, forex traders said. At the interbank ...

Here are details of new IMPS money transfer rule: How will it work? Users will soon be able to transfer money up to Rs 5 lakh through IMPS by deploying the mobile number and bank account name of the receiver

Health insurance premium drive growth of non-life insurance industry In the first half of financial year 2023, the health insurance segment had registered a growth of 18.92 per cent from the year-ago period

Fund review: SBI Magnum Income Fund Fund review: SBI Magnum Income Fund

Health Policies Beat Motor In Premium [ad_1] Mumbai: Health insurance is growing faster than motor policies after the pandemic. The share of health covers in non-life insurance premium has risen to 38% in September from 33% in March, driven by group policies. Before the pandemic struck, the share of motor insurance was 37%, as against 27% for health insurance. Motor ...

Bank of Baroda suspends employees for jacking up number of app users [ad_1] (This story originally appeared in on Oct 19, 2023) MUMBAI: Bank of Baroda is understood to have suspended over 50 employees across states, including several at the level of assistant general manager, as part of its action against irregularities in onboarding customers onto its mobile banking app ...