Finance News

Rupee close at 81.62 against US dollar as risk sentiments improve The rupee settled for the day 8 paise higher at 81.62 (provisional) against the American currency on Friday on broad dollar weakness and improved risk sentiments. Forex traders said positive domestic equities and foreign fund inflows supported the local unit. At the interbank foreign exchange market, the local unit ...

S-P upgrades Axis Bank's long term issuer rating from 'BB+' to 'BBB-' The upgrade reflects Indian private lender’s good asset quality and expectation that the bank will maintain it over the next one to two years

Rupee advances 14 paise to 81.65 against US dollar in early trade The rupee appreciated 14 paise to 81.65 against the US dollar in early trade on Tuesday as the American currency retreated from its elevated levels. Forex traders said foreign fund outflows and a muted trend in domestic equities weighed on the local unit and restricted the appreciation bias. ...

Old pension scheme: Is politics trumping economics? The pension reform had the backing of both BJP and Congress. Now, the political parties are using it as a tool to gain power in certain states. While this may be good politics, is it good economics?

UP govt to present supplementary FY23 budget for state on Dec 5 The Uttar Pradesh government will present its supplementary budget for the current financial year 2022-23 on the first day of the winter session of the Assembly on December 5

Rupee advances 16 paise to 81.54 against US dollar in early trade The rupee appreciated 16 paise to 81.54 against the US dollar in early trade on Friday on broad dollar weakness and in line with its Asian peers. At the interbank foreign exchange, the domestic unit opened at 81.69 against the dollar, then gained ground to touch 81.54, registering ...

Regulating NBFCs like banks to impair lending model: FIDC to FM Sitharaman According to the memorandum, if NBFCs are to be regulated like banks, then the typical NBFC model of lending will suffer which will have an impact lending to the unbanked/ underbanked segment

Bajaj Finance raises interest on FDs of up to Rs 5 crore by 25 bps Revised rates applicable on fresh deposits and renewals

HDFC Bank elevates Bharucha as Deputy MD, appoints Zaveri as ED Decision comes ahead of merger; RBI had halted move ahead of Aditya Puri’s retirement

SBI likely to raise Rs 10,000 crore through infrastructure bonds The planned issuance worth Rs 10,000 crore includes a greenshoe option of Rs 5,000 crore, the bank said