Finance News

India to remain on alert for 'hot money' after bond index inclusion The aim will be to “prevent volatility or volatile inflows” but “never” to restrict outflows, Somanathan said, adding that “all possibilities are open to keep volatility in check.

RBI likely to hold rates for a sixth straight meet; statement in focus Market participants are also hoping for some relief from the RBI on the liquidity front with the system deficit having hit a record high in January

Paytm CEO, officials meet RBI to discuss regulatory concerns: Reports The Reserve Bank of India last week ordered Paytm affiliate Paytm Payments Bank to wind down most of its business, including deposits, credit products and its popular digital wallets

Four state-owned banks may be approved to raise funds in H1 of FY25 Punjab National Bank eyes FPO, Central Bank of India seeks approval for OFS; move aimed at accelerating lending business and improving public participation

Reserve Bank's decision to freeze Paytm shows faulty understanding Last week, the Reserve Bank of India barred the institution from any further deposit or credit transaction in customer accounts, wallets or cards after Feb. 29

Rupee depreciates 4 paise to 83.02 against US dollar in early trade The rupee depreciated 4 paise to 83.02 against the US dollar in early trade on Monday, tracking a strong American currency and rising crude oil prices in the international market. However, positive cues from the domestic equity markets and inflow of foreign funds supported the Indian currency, forex ...

Govt to review tax on online gaming after March: Revenue Secy Malhotra Online gaming companies including Delta Corp. and Tiger Global-backed Dream11 have seen an increase in demands and notices from tax authorities amid a crackdown on alleged tax evasion

Asian Development Bank appoints Mio Oka as country director for India Asian Development Bank (ADB) on Monday appointed Mio Oka as its country director for India. He will succeed Takeo Konishi who has been promoted as ADB Director General for South Asia at the Manila headquarters. Oka will take charge of steering ADB operations in India and fostering relations with ...

Explained: Paytm fiasco impact on mutual fund investors Among the asset management companies (AMCs) that had exposure to the stock, none exceeded 2% of their equity AUM in any case.

RBI Monetary Policy Committee meet: Check date, time and what to expect RBI MPC: In a poll conducted by Business Standard, all 10 respondents said that the MPC might maintain the status quo for a sixth consecutive time