Finance News

Dependence on cheap Russian crude oil will fall sharply: Hardeep Puri India’s consumption of Russian crude has soared since President Vladimir Putin’s invasion of Ukraine in February last year, ousting Saudi Arabia and Iraq from the top spots

Irdai approves modification on withdrawn life insurance products The alterations are introduced to give additional benefits and flexibility to existing policyholders, ensuring they are not adversely impacted

Only 30 days left! Exchange Rs 2,000 banknotes by Sept 30; check details The Reserve Bank of India (RBI) has set a maximum of Rs 20,000 on the amount that can be exchanged for a single Rs 2,000 note till September 20

Fitch affirms SBI's long term rating at 'BBB' on asset quality, loans Agency revises outlook for lender’s asset quality score from ‘stable’ to ‘positive’

Fund pick: Kotak Small Cap Fund Fund pick of Kotak Small Cap Fund

Barclays and Yes Bank raise India's inflation forecast as prices jump Surging prices of vegetables and pulses pushed up inflation to a three-month high of 4.81% last month, ending four months of moderation

$590 bn rally since March faces earning reports, retail pull back tests Key gauges in India hit records in July on bets that Asia’s third-biggest economy will stage a strong recovery even with elevated policy rates

Life insurers' Q1 new business premium collections decline 0.9%: Report Life insurers collectively witnessed a 0.9 per cent decline in the first quarter new business premium collections to Rs 73,004.9 crore, mainly due to a massive drop in group premium mop-up led by the market leader LIC, according to a report. Life insurance companies had reported a massive 39.7 per ...

Bank of India opens GIFT City branch, aims $1 bn biz by March 2024 State-owned Bank of India on Wednesday opened its branch in the GIFT City Special Economic Zone in Gandhinagar and expects to achieve a USD 1-billion business through it by March 2024, a senior official said. Bank of India also aims to touch a business of USD ...

Aye Finance allocates Rs 100 cr for credit to women micro enterprises Fintech lender Aye Finance on Wednesday said it has allocated Rs 100 crore for Shakti Loan in current financial year and targets to extend credit to 10,000 women engaged in micro enterprises. Aye said it has developed Shakti Loan in collaboration with CGAP, a global partnership of more ...