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80% Of Equity MFs Outperform Respective Benchmarks In Oct’24

PL Wealth Management: Value, Contra & Dividend Yield Funds was the best performing category, where 96% of the schemes outperformed the benchmark

2 Chinese Arrested In Case Of Digital Loan Apps

At the time of downloading of such Apps, borrowers were required to grant access to their personal data such as photos, videos, contact list etc. available in their phones. At the time of disbursal of loan, approximately 20 to 30% of the sanctioned amount was deducted upfront in the name of processing fees and other charges.

HVDC Transmission Project SPV Handed Over To PGCI

The scheme covers establishment of 2 Nos. HVDC terminal stations of 6000 MW at KPS2 and Nagpur, + 800 kV HVDC Bipole line (Hexa Lapwing) from KPS2 to Nagpur (1200 km), 6x1500 MVA, 765/400 kV ICTs at Nagpur S/s along with associated works.

Earnings Growth Likely To Moderate To 12-14% CAGR Over FY24-26: MOPW

Motilal Oswal Private Wealth: Markets have witnessed intra-year drawdowns of 10% or more in 22 out of the last 25 years, reveals report

Tide Partners With Ubuntu

The leading business financial platform for SMEs will support more than 21,000 women entrepreneurs with access to finance and skill-development in partnership

RBI Cautions Public On Deepfake Videos Of Top Management

The fake videos of the Governor, giving financial advice, circulated over social media

SBI Concludes Successful Pricing Of $500 Mn Reg S Bond

The bond is benchmarked against the 5yr US Treasury and priced at a spread of 82 bps over the benchmark. The bonds will be listed on SGX-ST and India INX.

Bain Capital Closes Global Special Situations Fund

One of the world’s leading private investment firms, creates one of the largest global special situations investment pools with $9 billion of investable capital

'Beyond Your Break' Touches 100 Hiring Milestone

The Beyond Your Break program, known for its gender-neutral approach, offers a comprehensive career re-entry solution for IT professionals across various roles.

Rs 3.79 Cr Cash Recovered; CBI Apprehends Officer Of Delhi Board

CBI laid a trap on 07.11.2024 and caught accused Legal Officer of DUSIB, GNCTD red handed while accepting bribe amount of Rs. 05 lakh from complainant

ED Acts Against Excel Vehicle In Bank Fraud Of Rs44 Cr

ED initiated investigation on the basis of FIR registered by the CBI under various sections of IPC, 1860 and Prevention of Corruption Act, 1988.

ED Seizes Foreign Currency Equivalent Of Rs4.6 Cr

Directorate of Enforcement (ED), Mumbai Zonal Office has conducted search operations in a case of suspected illegal sale and distribution of Forex by FFMCs (Full Fledged Money Changers) at premises of Kuntilaa Forex, Shagun Enterprises, Capital India Finance and MDB Tours and Forex

Penalty Of Rs59 Lakh On South Indian Bank

The action is based on deficiencies in statutory

Tickets Of ‘The Phantom Of The Opera’ Start From Rs1250

The iconic love story will be staged at The Grand Theatre starting 5th March 2025 at the Nita Mukesh Ambani Cultural Centre

BdF-MAS' Post-Quantum Cryptography Trial Will Boost COMSEC

The joint initiative of the Banque de France (BdF) and the Monetary Authority of Singapore (MAS) trialled its first use of quantum-resistant cryptographic algorithms for the signing and encryption of emails

Trump V/S Harris – The Fiscal Impact

A Trump victory is likely to create a more stringent tariff policy, especially for China; US elections: Policy and economics will determine global currency outlooks; Trump Presidency to be a bigger drag on fiscal than Harris’; Global risk aversions could continue to pose headwinds for FPI flows into India after a USD 11 bn outflow in October

Debasish Mishra Appointed As CGM, Delhi Circle, SBI

Mr. Mishra's contributions include pioneering initiatives like the establishment of Start-Up branches at IIIT Hyderabad and IIT Madras, and leading 3,245 business solutions at the Bank level

Dr. Jacqueline Of ICRISAT To Be Secretary General of WAF

Dr. Hughes has strong interests in remote sensing, digitalisation, and gender equity; Her extensive career, marked by ground breaking work in sustainable agriculture, equips her to steer the Forum towards its mission.

Benchmark Indices Started SAMVAT 2081 On +Ve Note

Finance and IT lagged; Broader Mid and Small caps posted gains

Digital Financial Services Keep Making Gains

The growth of digital financial services has also led to an increase in non-traditional access points, such as retail and mobile money agents, while traditional access methods like ATMs and bank branches have seen a decline, especially since the COVID-19 pandemic

Wipro, Microsoft, SAP Collaborate

The collaboration is to Accelerate RISE with SAP Migration at Near Zero Cost

Personal Loans Growth Moderates To 16.4%

Credit growth to industry improved to 9.1 per cent (y-o-y) in September 2024 compared with 6.0 per cent a year ago

Bumrah (18 Cr) Costlier Than Rohit, Surya, Hardik In MI

Akash Ambani, Mumbai Indians stated: "We will strive to continue playing the passionate brand of cricket everyone expects from us.”

Motilal Oswal MF Introduces 4 New Index Funds

All four NFO closes on 6th November, 2024. These index funds cater to risk-taking investors aiming for higher returns by tapping into the growth potential of mid and small-cap sectors.

KMB Unveils Presale For Maroon 5’s Concert

Get Ready to Rock for Maroon 5’s Historic Debut Concert in India

Spice Money's Campaign To Empower Rural Communities

‘Customer Ek, Bill Anek': Connect Campaign

Bank Branch Manager Given 3 Years’ RI With Rs6 Lakh Fine

CBI had registered the instant case against Shri P. K. Singh, then Branch Manager, Nabinagar Branch, SBI, Distt- Aurangabad and others on 28.06.1991 on the basis of a complaint lodged by DGM, Vigilance, SBI, LHO, Patna

MOFSL Reports Highest Ever Quarterly PAT Of Rs12.42 Bn

Robust Net worth of Rs. 11,070 cr as of September 30, 2024 up 48% YoY

Nita Ambani Pledges Free Treatment To 1,00,000 Women, Children

Treatment for 50,000 children with congenital heart disease as well as breast and cervical cancer for 50,000 women

Mahindra Finance's PAT Grows 57% To Rs369 cr

Stable Market Share in Passenger Vehicles and Tractors

Mega Corporation Launches Lendingo

It is a New Division to drive Electric Vehicle Financing

Afcons Raised Rs2967 Cr Prior To IPO

Afcons Management and other SP Group Companies, also participating in the fundraise, has collectively put in 38 Cr

Afcons Raised Rs2967 Cr Prior To IPO

Afcons Management and other SP Group Companies, also participating in the fundraise, has collectively put in 38 Cr

NPST Achieves 264% Growth In Q2 Net Profit

NPST Announces Move to Mainboard

Lakshya Powertech's IPO Opens Today

The Company has fixed the price band of RS171/- to Rs180/- per Equity Share of face value Rs10/- each for its IPO

Lakshya Powertech's IPO Opens Today

The Company has fixed the price band of RS171/- to Rs180/- per Equity Share of face value Rs10/- each for its IPO

Lakshya Powertech's IPO Opens Today

The Company has fixed the price band of RS171/- to Rs180/- per Equity Share of face value Rs10/- each for its IPO

TVS Credit’s PAT Grows 19% Y/y In H1 FY25

With the addition of over 20 Lakh new customers in H1, the Company has served over 1.6 Crore customers till date

RIL’s Q2 PAT Drops

Reliance Industries’ Gross Revenue remained stable Y-o-Y at Rs 258,027 crore ($ 30.8 billion)

4 Coop Banks, 1 NBFC Penalized: Fine Rs45 Lakh

These actions on 4 coop banks and an NBFC are based on deficiencies in regulatory compliance

AI Software Platform Provider o9 Grows 28% Y/y

o9 Continues Growth Momentum In International Markets

Aurionpro Unveils Next-Gen Platform In Saudi Arabia

The advanced capabilities are designed to improve operational efficiency while delivering a superior customer experience

Worldwide PC Shipments Declined 1.3% In Q3

Gartner Says Despite Decline, Global PC Market is Still on Recovery Track

Canara Bank Launches Online GST Payments Through Cards, UPI

This facility has been enabled in addition to the existing GST payment facilities through net banking and bank branches.

Suryoday SFB’s Q2 CASA Grows By 57% Y/Y

As of September 2024, the Inclusive Finance portfolio is ~ 56% of the Gross Advances, out of which over 95% is covered under the CGFMU Scheme

MOPW Ropes In Akash Hariani As Joint MD

Akash will be responsible to drive strategic growth for the MOPW business

Ex Banker, His Family Members Given RI With Fine of Rs 33,22,250

Searches were conducted at Bhopal and Bilaspur at residential premises of the accused which led to recovery of incriminating documents, jewelry from the residence of the accused

67 Cr Ayushman Bharat Health Accounts Created

Over 1.3 lakh facilities are ABDM-enabled, including more than 17,000 private facilities

PNB Launches QIP To Strengthen Capital Base

PNB successfully raises Rs 5000 Crore Equity Capital via Qualified Institutions Placement

Solutions Tackling Ageing Populations’ Challenges To Be Awarded By DBS Foundation

Grants of up to SGD 1 million each will be awarded to three transformative businesses in the tenth year of DBS Foundation

Mouri Tech Files Draft Papers For Rs15 Bn IPO

The IPO with a face value of Rs 10 per equity share is a mix of fresh issue and OFS.

PM Inaugurates 3 PARAM Rudra Supercomputers

High-Performance Computing (HPC) system tailored for weather and climate research

Retail Credit Growth Moderated During Q1

TransUnion CIBIL, today, launched the latest edition of the TransUnion CIBIL Credit Market Indicator (CMI) report, containing data and insights for the quarter ending June 2024.

Experts' Views On Fed Cut

Ervin Tu, Prosus Group President & Chief Investment Officer: “With cheaper access to capital, start-ups will be encouraged to invest in themselves for long-term growth and capital providers will be more prepared to take risk.”

Indian Equity Markets Resilient Over Last two decades Irrespective Of US Fed stance:

Rate increases are generally followed by a negative day, while decreases are generally followed by an up day.

PM Transfers Funds Into Bank Accounts Of 10 Lakh Women

Prime Minister Shri Narendra Modi launches ‘SUBHADRA’ - the largest women-centric scheme in Bhubaneswar, Odisha

INR Expected To Benefit From Renewed FPI Inflows, Weak Oil Prices

Rupee touched its record low level in last few days of the 1st fortnight of Sep’24 (83.98/$), at a time when US$ was showing some signs of strengthening

Fabtech Technologies Files DRHP For IPO

The IPO with a face value of Rs 10 per equity share is entirely a fresh issue of up to 1.20 crore equity shares.

Northern Arc Capital Raises Rs2.28 Bn From 15 Investors

Price band fixed at Rs249 to Rs263 per Equity Share of face value of Rs10 each

Reforms In Data Infrastructure A Must For Bottom-Up Policy Making

IT reduces the time-inconsistency problem of monetary policy; IT offers more flexibility, inflation targets are set as a medium-term goal; consequently, short-term deviations from the target may not harm credibility. IT also allows stabilizing output without sacrificing the inflation target

Northern Arc Capital’s IPO Opens On Sept 16

Price band fixed at Rs249 to Rs263 per Equity Share of face value of Rs10 each

Share Samadhan's IPO Opens On 9th Sept

Price Band Rs70 - Rs74 Per Equity Share

Bajaj Finserv Flexi Cap Fund Crosses Rs35 Bn AUM

Bajaj Finserv Flexi Cap Fund celebrates its first anniversary; Overall, AUM of Bajaj Finserv Mutual Fund crosses Rs17000 cr

GCCs Evolving Into Innovation Hubs For PLS Sector

In an era defined by rapid technological advancements, artificial intelligence (AI) has emerged as a transformative force for the PLS sector in reshaping research, diagnostics and patient care

Compliance Should Become A Low Hum In Background: Buch

One other important role for regulators in the fintech world in encouraging innovation has been the creation of standards

Complete List Of Global Fintech Awards 2024

Recognise, Honour and Celebrate Exemplary Achievements In the Global Fintech Landscape

HDFC Bank Unveils New UPI, CBDC Features

HDFC Bank has collaborated with various players in the fintech ecosystem to launch these new offerings at Global Fintech Fest 2024, in Mumbai. Some of these fintechs include KreditPe, ToneTag and PayU.

CJI Inaugurates BoM Branch At Supreme Court of India

Bank of Maharashtra today has marked a significant milestone in its journey towards innovation and excellence by launching its state-of-the-art branch functional within the premises of Supreme Court of India

FGII Offers GenAI Enabled WhatsApp Chatbot LEO

LEO’s advanced knowledge base will help deliver accurate and conversational responses to all service inquiries, making information easily accessible

‘WhiteOak Capital Arbitrage Fund’ Launched

The NFO opened from 28th August to 3rd September 2024

OPEN Launches Bharat BillPay For Business

OPEN is one among the first few Indian fintechs to offer Bharat Billpay for Business on the Open Money platform

Pine Labs-Visa Will Boost Digital Payments Adoption

They jointly unveil Pine Labs Mini – A soundbox-enabled device for QR, NFC, and card payments

Multilateral Organizations Will Shine At GFF'24

There are sessions of expert speakers and authorities from Multilateral Organizations, Multilateral Agencies and other entities at the GFF 2024

Supermarket Chain Patel Retail Gets Sebi Nod For IPO

The offer for sale consists of the sale of equity shares of up to 7.68 lakh by Dhanji Raghavji Patel and up to 2.34 lakh equity shares by Bechar Raghavji Patel

Speakers & Sessions On Digital Payments @ GFF 2024

The theme of this year’s Global Fintech Fest (GFF) 2024 is ‘Blueprint for the Next Decade of Finance: Responsible AI | Inclusive | Resilient’.

Founder Gaurav Kumar Invests Rs2.50 Bn In Yubi

The Board of Yubi has approved this equity round in August 2024, wherein Gaurav Kumar will invest up to INR 250 crore, marking one of the largest capital infusions by a founder in a technology company in recent times.

Nokia Will Equip Axiom’s Next-Gen Spacesuits

Nokia and Axiom Space partner to enable high-speed cellular network capabilities in next-gen lunar spacesuits

Orient Technologies Raises Rs64.43 Cr From Anchor Investors

Foreign and Domestic Institutions who participated in the anchor were Pine Oak Global, Saint Capital Fund, SB Opportunity Fund I, Elara Capital (Mauritius) Fund and Rajasthan Global Securities

Interarch Building Products Raises Rs179.49 Crore From Anchor Investors

The company informed the bourses that it allocated 19,94,288 equity shares at Rs. 900 per share on Friday, August 16, 2024, to anchor investors.

Orient Technologies’ IPO Opens On Aug 21

Price band set at Rs195 to Rs206 per Equity Share

Proceeds of Crime Of Rs 209.08 Cr Frozen In Loan Fraud By Corporate Power

As per the Complainant, Union Bank of India, the accused persons had submitted manipulated project cost statements to avail loans and also diverted the bank funds, causing wrongful loss to the tune of Rs 4,037 Crore (Rs 11,379 Crore including interest).

SEBI's Point-Wise Rebuttal To Hindenburg Report

The relevant disclosures required in terms of holdings of securities and their transfers have been made by the SEBI Chairperson from time to time. Chairperson has also recused herself in matters involving potential conflicts of interest; SEBI remains committed to ensuring the integrity of India’s Capital markets and its orderly growth and development

Make Appropriate Risk Management Frameworks In IT, Cyber, Outsourcing Arrangements: Das

RBI Governor: Banking System May Be Potentially Exposed To Structural Liquidity Issues; regulatory prescriptions relating to loan to value (LTV) ratio, risk weights and monitoring of end use of funds are not being strictly adhered to by certain entities. I repeat certain entities

Chola MS and Mahindra Finance Join Hands

Through this partnership Mahindra Finance aims to offer comprehensive financial solutions to its customers

RIL’s Contribution To National Exchequer Swells To Rs1.86 Tn

RIL’s contribution is sufficient to fund 3.86% of GoI’s spends

INR Is Trading Further Weaker Today

Sensex is trading further lower today

Ola Electric Mobility Raises Rs27.63 Bn From Anchor Investors

Out of the total allocation of 36,35,56,135 equity shares to the anchor investors, 14,70,10,695 equity shares were allocated to 10 domestic mutual funds through a total of 31 schemes amounting to Rs. 1,117.28 crore (approx.) i.e. 40.43% of the Total Anchor Book Size

Ceigall India Raises Rs375.20 Cr From Anchor Investors

Out of the total allocation of 93,56,581 equity shares to the anchor investors, 50,89,727 equity shares were allocated to 9 domestic mutual funds through a total of 13 schemes amounting to Rs. 204.10 crore (approx.) i.e. 54.40% of the Total Anchor Book Size.

AI Based SEBI’s Virtual Assistant Launched

It is a conversation platform for investors

Punjab & Sind Bank's Net Profit Up By 18.95%

Gross NPA ratio improved by 208 bps and Net NPA ratio improved by 36 bps.

Standard Glass Lining Technology Files DRHP For IPO

The proceeds from its fresh issuance to the extent of Rs 10 crore will be utilized for funding of capital expenditure requirements

LIC Hits A New Life Time High Of Rs1178.60

The stock has given 38.61% return much higher than the benchmark index, Sensex and Nifty which have given a return of 11.24% and 12.86% respectively

C-DOT, IIT, Roorkee and Mandi Will Develop Cell-Free 6G Access Points

It aims to enhance connectivity, signal strength and data speeds; to contribute 6G standardization, patents and commercialization

ABSLAMC Posts Highest Ever Quarterly Profit

ABSLAMC’s PAT Up By 28% Y/Y At Rs2.4 Bn; MF QAAUM at Rs 3,525 bn, up 19% Y-o-Y

Incentives Or Modifications In Tax Slabs Likely

Key priorities include continuing capital spending to stimulate growth, ensuring prudent financial management, and creating jobs

“Risk Weight In Gold Loans Be Treated At Par With Banks Or Home Loans”

The gold loan NBFCs look forward to receiving the priority sector status which is of paramount significance

Sensex Is Trading Lower In Morning Session Today

INR is trading stronger today, while other Asian currencies are trading mixed

Sensex Is Trading Higher Today

INR is trading higher today, while other Asian currencies are trading lower

Sensex Is Trading Higher Today

India’s 10Y yield is trading flat today

Sensex Is Trading Higher Today

Fed Chair reiterated that US inflation is on track to return to the Fed’s target range but shied away from committing to a widely expected rate cut in Sep’24

Sensex Is Trading Lower Today, While Asian Stocks Are Trading Higher

INR Is Trading Flat Today

‘CFOs Must Maintain Open Communication With Auditors, Supervisors’

Chairperson, NFRA Ajay Bhushan Prasad Pandey emphasized the end-use monitoring of funds and proactive oversight over the work of branch auditors.

Sensex Is Trading Higher Today

Improvement in Kharif sowing bodes well for the inflation outlook

Sensex Is Trading Lower Today

INR Is Trading Stronger Today

Sensex Is Trading Lower Today

The household spending data in Japan declined unexpectedly by 1.8% in May’24 (much lower than anticipated)

RBI Cancels Licence Of Banaras Merchantile Co-operative Bank

The said coop bank from Varanasi does not have adequate capital and earning prospects

Sensex is trading further higher today

Barring Dow Jones and Shanghai Comp, other global indices ended higher

Indian Equities Rose To All-Time Highs

Sensex crossed 80000; Nifty settled the day at a record high of 24,286.50

INR Is Trading Further Weaker Today

Sensex is trading further higher today, while other Asian stocks are trading lower

Sensex Is Trading Higher Today

INR is trading weaker today, while other Asian currencies are trading mixed

One More Feather Added In Atul Khirwadkar's Cap

Mr Khirwadkar gets recognition certificate from FIAKS

German BEUMER Group To Invest Rs2 Bn Plant In MET City At Jhajjar

METL Welcomes its First German Company to Smart MET City

Sensex Is Trading Lower Today

INR is trading weaker today, while other Asian currencies are trading mixed.

CBI Accuses Ex Bankers For Loss Of Rs8 Cr To Assam Gramin Vikash Bank

Central Bureau of Investigation (CBI) has registered a case against four accused including three then Assistant Managers and one then Office Assistant (Multi-Purpose), all working in Assam Gramin Vikash Bank, Madhapur Branch, Jorhat

Sensex Is Trading Lower Today

Flash PMI readings of other economies such as Eurozone and UK showed some strain

India: 5G Download Speeds Are Down, 5G Availability Up

5G download speed decreased from 304Mbps in Q1 2023 to 280.7Mbps in Q4 2023 as 5G data consumption increased

WebEngage & InfoAxon To Accelerate Reliance GI’s Digital Transformation

This unique partnership aims to support Reliance General Insurance with a spate of cutting edge digital tools that will significantly augment and strengthen their proposition of providing hyper personalized and unique customer experiences

Banking RoA To Dip 10-20 Bps

Continued deposit re-pricing at higher rates to compress net interest margin

Sahil Shah Appointed As CIO, Equirus

With an impressive career spanning over 17 years in the financial industry, Sahil Shah brings a wealth of expertise and a proven track record of success to Equirus.

INR Is Trading Even Stronger Today

The market is expecting the Fed to begin the easing cycle from Sep’24 onwards

MediaTek Upskills Retailers On Smartphones & Smart Device Ecosystem

The global fabless semiconductor company, powering over 2 billion connected devices a year, has announced the roll-out and completion of its annual retailer and consumer education program for 2024

Export Figures Portrays Another Positive Growth Momentum

On the back of buoyant order bookings, continued growth projection remains the key for the sector: FIEO President Ashwani Kumar

Sensex Is Trading Lower Today

INR is trading a tad stronger today

CM Patel Gives Cheques of Rs21.11 Bn For Municipal Development Works

Rs1729 crores distributed among 8 Municipal Corporations; Class 'A': Rs88 crore allocated to 22 Municipalities; Class 'B': Rs90 crore allocated to 30 municipalities; Class 'A': Rs135 crores allocated to 60 Municipalities; Class 'D': Rs69 crore allocated to 45 municipalities

Fed Indicated Possibility Of Only A Single Rate Cut In 2024

Sensex is trading higher today

Asian Stocks Are Trading Mixed

INR is trading stronger today

8th Consecutive Pause By RBI

RBI invites solutions aimed at enhancing the safety and security of digital transactions and promoting inclusivity for persons with physical disabilities

How Economists View RBI Policy?

The credit policy has quite expectedly maintained status quo on both repo rate and stance

Sensex Is Trading Higher Today

INR recovered, but it is trading weaker today, while other Asian currencies are trading mixed

Sensex Is Trading Lower Today

INR is trading weaker today

Sensex, Nifty Opened At Record Highs

Bank Nifty index opened with a big gap up and registered an all-time high of 51,133.20

RBI Imposed 281 Penalties Aggregating Rs86.1 Cr On REs

The draft scale-based enforcement framework for action against various types of REs is under finalization

DoR Will Focus On Framework For Web-Aggregation Of Loan Products

As part of the Agenda for 2024-25, the Department of Regulation (DoR) will focus on certain key deliverables

Indian Banking Community Cloud Will Set Up Multiple Data Centers

The proposed cloud platform is expected to be at par in technology with leading public cloud service providers

Sensex Is Trading Lower Today

S&P has revised India’s outlook from stable to positive with a rating of BBB- on the back of improved quality of government expenditure, political commitment to fiscal consolidation and robust economic growth

Powering Transformation through UI/UX for Digital Governance

MeitY would set-up guidelines for enhancing user experience of using websites/apps

Sensex Trading Lower Today

Barring S&P 500 and Hang Seng (flat), other global indices ended lower. Disappointing earnings results dragged down US indices

Sensex Is Trading Higher Today

The ECB officials sounded dovish and stated the likelihood of rate cut in Jun’24 in their commentary as inflation continues to fall in a ‘sustained way’

RBI’s Monthly Bulletin

May 2024 Issue Of RBI’s Bulletin includes three speeches, four articles, and current statistics

INR Is Trading Further Stronger Today

Sensex declined by 0.1%, dragged down by technology shares. However, it is trading higher today

CashFlo Acquires Logitax, Expands Finance Automation & Compliance Suite

Following this acquisition, the combined entity is poised to serve over 1200 enterprises and expand its SME network to over 300,000 companies, underscoring CashFlo's commitment to catering to a diverse range of businesses.

3 Coop Banks Penalized, Total Fine Rs11 Lakh

These actions on 3 coop banks are based on deficiencies in regulatory compliance

Tourism is Back to Pre-Pandemic Levels, But Challenges Remain

Despite these strides, the TTDI warns that significant investment is needed to close gaps in enabling conditions and market share between developing and high-income countries

Challenges Require Regulatory Agility, New Analytical Tools, Tailored To The Digital Mkt

Digital markets: debate is of ex-post action, ex-ante action and the possibility of false positives/ false negatives

Sensex Is Trading Lower Today

Gold and copper prices are trading at near high levels

RBI Imposes Penalty Of Rs59 Lakh On Karnataka Bank

The action is based on deficiencies in regulatory compliance

2 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Telecom Diplomacy Brings Dividends

India Celebrates Its International Collaborations On World Telecommunication And Information Society Day

Kinara Capital's PAT Up By 51% At Rs62 Cr

The fintech NBFC records 9th consecutive year of profitability

Sensex Is Trading Further Higher Today

Other Asian stocks are trading mixed

Analysts Are Now Expecting Delayed Rate Cut By RBA In CY25

Sensex is trading lower today

INR Is Trading Stronger Today

Services activity remains solid in India (most robust growth in 14 years) and balanced in Japan

China’s Caixin Services PMI Suggests Slowdown In Activity

Sensex is trading higher today

Amendments Made In MD To Reflect Applicability Of The Provisions To SPDs

Directions on reporting of OTC foreign exchange derivative contracts and foreign currency interest rate derivative contracts to the Trade Repository of Clearing Corporation of India Ltd. have been updated

Sensex Is Trading Further Higher Today

US labour market data showed persistent tightening. Jobless claims rose less than expected by 208

3 Coop Banks From Maharashtra Penalized

These actions on the 3 coop banks are based on deficiencies in regulatory compliance

Global Indices Started The Data Heavy Week On A Positive Note

INR depreciated by 0.1% to a fresh record low, led by month-end dollar demand from importers. It is trading weaker today

Jana SFB’s PAT Up 162% To Rs6.70 Bn

GNPA improved to 2.0% as of March 31, 2024, as against 3.6% as of March 31,2023

Sensex Is However Trading Higher Today

Global currencies depreciated against a stronger dollar

RBI Brings Better Clarity On SFB 'S Eligibility To Convert Into Universal Bank

Voluntary transition of Small Finance Banks to Universal Banks

Sensex Is Trading Lower Today

Indonesia’s central bank surprised with a first rate hike since Oct’23 with 7-day rate increased to 25bps to 6.25% (highest since 2016)

Sensex Is Trading Higher Today

Global currencies ended broadly stronger against the dollar

India’s 10Y Yield Is Trading Further Lower Today

Except INR, other global currencies ended broadly weaker against the dollar

INR Is Trading Stronger Today

Investors will closely track US GDP, global PMI readings and BoJ’s guidance on rate hike this week.

INR Is Trading Further Weaker Today, In Line With Other Asian Currencies

Reports of an escalation in tensions between Israel and Iran have roiled global markets

INR Opened Stronger Today

IMF raised its global growth forecast to 3.2% in 2024 from 3.1% estimated earlier, led by better-than-expected growth outcomes in advanced economies

Reliance MET City Records 60% Growth

The total number of plots booked in the financial year were 1079 across all segments, resulting in achieving a total booking value of INR 1913 crore for the financial year, which is almost 60% higher than the previous financial year

Reliance Retail’s Tira Launches First Own Label

‘Tira Tools’: A Line of Premium, Curated Beauty Accessories

Credit Risk Category Saw 12th Straight Month Of Outflows In MFs

Interestingly in March 2024, practically all debt categories excluding Long Duration funds, and Banking & PSU funds have witnessed outflows which could be attributed to strained liquidity

Karthick: Maintain A Balanced Outlook in MFs

Jonagadla: As market conditions evolve and with potential central bank policy adjustments on the horizon, the appeal of debt instruments may be revitalized

Sensex Is Trading Higher Today

Except GBP, other global currencies ended flat

INR Is Trading Stronger Today, While Asian Peers Are Trading Mixed

Sensex is trading higher today

Kapol Coop Bank Excluded From 2nd Schedule To RBI Act, 1934

RBI communication addressed to all commercial and co-operative banks on 5th April, 2024

Optimism Towards Steady Demand For Gold- Vehicle-Home Loans

Steady pick up in investment activity and strengthening of rural demand conditions bode well for the economy

No Change Likely In Rates Or RBI's Stance

RBI to remain static

Sensex Is Trading Further Weaker Today

In the data heavy week, markets traded cautiously

Stocks In US Ended Lower As Strong PMI Data Dented Expectations Of A Jun’24 Rate Cut By The Fed

In India, equity indices started the new fiscal year on a positive note with the Sensex rising by 0.5%

Sensex Is Trading Higher Today

Fed Chair Powell, noted that Fed is not getting tolerant to higher inflation and hinted rate cuts very much remain on table

Special Clearing Operations For Government Cheques On March 30 & 31, 2024

Currency Chests operations on March 31, 2024; Special Measures for extending services to Policy Holders of LIC of India

Global Currencies Closed Mixed Against US$, With JPY And GBP Appreciating

Sensex is trading higher today

P N Gadgil Jewellers Files DRHP With SEBI

The total offer size comprises of equity shares of face value of Rs 10 each aggregating up to Rs 11,000 million

INR Is Trading Lower Today, In Line With Other Asian Currencies

India’s 10Y yield closed steady at 7.09%, as oil prices retreated. It is trading flat today as well

Sensex Traded Lower In The Morning Session Today

Swiss National Bank sprang into action as it announced a 25bps rate cut; Post the rally in US indices, the week started on a sombre note as investors tried to assess the future path of interest rate ahead of the release of key inflation figure

5 Coop Banks Penalized

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Star HFC Inks Co-lending Partnership with Tata Capital HFC

The partnership aims to service 5000 home buyers in EWS/ LIG segment in the first phase of engagement

Inclusive & Equitable Growth For A Developed India 2047

R Dinesh, President CII: "India must focus on three areas to leapfrog in the next 5 years viz - big ticket reforms, competitive federalism and inclusive and equitable growth."

ED Conducts Searches At Payment Aggregators' Premises At Bengaluru, Pune

During the search operations, amounts totaling to Rs16.43 Crore were frozen under the PMLA, 2002

Omnibus Framework For Recognition Of SROs For REs Of RBI

The omnibus SRO framework prescribes the broad objectives, functions, eligibility criteria and governance standards, which will be common for all SROs, irrespective of the sector

Jewellery Craftsmen & Goldsmiths To Be Recognised As Vishwakarmas

GJEPC will impart skill training to registered ‘Vishwakarmas’ under PM Vishwakarma Yojana

Except FTSE (Flat), Other Global Stock Indices Ended Higher

INR is trading stronger today

5G Data Consumption 4 Times Faster Than 4G In India

Nokia Mobile Broadband Index report reveals: Nearly 17 percent of total active 4G devices in India are 5G capable

10Y Yields In China, US, And UK Fell The Most

Sensex is trading higher today

BoJ Hiked Rates For 1st Time In 17 Years

Sensex is trading lower today

INR Expected To Trade In A Narrow Range Of 82.75-83.00/$ In Mar’24

In Mar'24 so far, global currencies have broadly appreciated against the dollar

Sensex Is Trading Higher Today

INR was marginally weaker, monitoring movement in oil prices. But it is trading stronger today, while other Asian currencies are trading lower.

AI Startups To Shine At 3 Day Mega Event In New Delhi

The event is expected to have participation from more than 1000 high-potential startups from India and the globe

Equity AUM Scales New High Of R25 Tn

Motilal Oswal Fund Folio Report: Pace of redemptions increased to INR354b (up 10.2% MoM)

RBL Bank’s 2 Debit Cards Come With A 0% Foreign Currency Mark-Up

Every $ saved is INR earned

Sensex Is Trading Further Lower Today

INR is trading stronger today

Sensex Is Trading Further Higher Today

INR is trading weaker today

Sensex Is Trading Higher Today, While Asian Stocks Are Trading Mixed

INR is trading further stronger today

INR Is Trading Stronger Today

Sensex is trading lower today

DoT Initiates Spectrum Auction Of Rs960 Bn

It is not required by the successful bidder to submit a Financial Bank Guarantee (FBG) and Performance Bank Guarantee (PBG)

Sensex Is Trading Stronger Today

Except China and UK, stocks elsewhere closed weaker

Sensex Is Trading Weaker Today

Except US and UK, stocks elsewhere ended higher

INR Is Trading Weaker Today

In UK, house price index firmed up in Feb'24, while PMI reading still trailed below the 50 mark. On domestic front, PMI data rose to its 5 month high supported by both domestic and external demand

Investment Is Expected To Broaden, Supported By Public & Private Sectors

Despite concerns regarding fiscal consolidation, India's economic trajectory appears favorable, with contained deficits and declining inflation

Sensex Opened Lower Today

In Japan and Australia, stronger than expected retail sales in Jan'24 is likely to keep pressure on their respective Central Banks to keep their policy stance unchanged

Sensex Is Trading Higher Today

Global indices closed lower. US indices retreated as the focus shifted towards upcoming macro data for more guidance on Fed's next move

Fed Officials Are Signalling That Fed May Want To Keep Rates Elevated For Longer

Germany confirmed that GDP contracted by (-) 0.3% in Q4CY23, following stagnation in Q3

Global Stocks Rallied Propelled By Robust Earnings Of A Major Tech Company

Slowdown in China's property sector continued, with new home prices falling by another 0.3% (MoM) in Jan'24

INR Is Trading Further Stronger Today

Global stocks ended mixed. Investors shifted their focus to Fed minutes which are scheduled to be released this week. Atlanta Fed President also spoke of more data related evidence before embarking on easing financial conditions

After Japan, Now The UK’s Economy Has Slipped In To Technical Recession

The recession is expected will be short lived with recovery expected in CY24, with inflation likely to moderate

INR is trading higher today, in line with other Asian currencies

Japan's economy slipped in to recession after unexpected contraction of 0.4% in Q4CY23 was noted (-3.3% in Q3CY23)

Sensex Is Trading Lower Today

According to CME Fed watch tool, rate cuts are now likely (74.4% chance) in Jun'24

  BLS E-Services’ PAT Is Rs7.95 Cr

Q3FY24 EBITDA at Rs10.31 Cr, a growth of 15.65%; EBITDA Margins at 14.4%

INR is trading stronger today, in line with other Asian currencies

Investors attention is likely to be cued on to the US inflation data to offer more guidance on possible path for interest rates

LIC’s Q3 Net Profit Up 49% At Rs94.44 Bn

Board approved an interim dividend of Rs4 Per Share; Total Individual Business Premium for the 9 months period, ended December 31st 2023, increased to Rs2,09,719 crore

Except Japan, Stocks Elsewhere Ended In Green

Except INR (flat), other global currencies appreciated against the dollar

Sensex Is Trading Further Higher Today, Other Asian Stocks Are Mostly Trading Lower

Global market indices reacted differently to different outcomes

E-Cell IIT Bombay Organizes ‘E-Summit: Nexus Of ingenuity’ On 3rd-4th Feb

E-Summit has made a name for itself over the years owing to the speakers that come and share their wisdom, insights and experiences

Strengthen Fintech, Enhance Digital Skills: Reduce GST On Insurance Products

This budget should lay emphasis on offering liquidity assistance to galvanize the lending ecosystem

Increase Tax Deduction Limit In 80D For Health Insurance

GST rate cut from 18% to 5% on the health insurance premiums will be a huge respite especially for senior citizens who are struggling to meet the rising healthcare costs

Except UK And Germany, Other Global Yields Closed Lower

Sensex ended in red and was dragged down by losses in consumer durable and capital good stocks. It is trading lower today in line with other Asian indices

Impact Of Budget On Equity Market Has Reduced Notably

Automobiles and FMCG are likely to get a boost from higher rural spending

Sensex Is Trading Lower Today

Barring FSTE (flat) and Shanghai Comp (lower), other global indices closed higher

India Incubating Innovations: Ascent Of A Colossal Knowledge Based Economy 

IPR applications have grown at CAGR of 60% for the 9-year ended 2022, driven by a surge in Patents and Industrial Designs

Amit Shah Will Inaugurate UCBs’ Conference In Nashik

About 3,000 Representatives From 350 UCBs Are Likely To Participate

In The US, Traders Have Trimmed Down Rate Cut Expectation In Mar’24

Sensex is trading higher today

Centre of Excellence In Intelligent Internet Of Things Sensors Launched

Secretary, MeitY launches "India Innovation Centre for Graphene" in Kerala

AIBI Unveils 9 Game-Changing Initiatives

Association of Investment Bankers of India eyes Investor awareness, Merchant Banker’s capacity building and ease of capital formation in India

Sensex is trading higher today in line with other Asian stocks

Barring EUR (lower) and GBP (higher), other global currencies ended flat

HDFC NIFTY PSU Bank ETF Will Close On January 23

An Open-ended scheme replicating/tracking the NIFTY PSU Bank Index (TRI)

Better Than Expected Retail Sales Print In US Eroded Bets Of Rate Cut In Mar’24

UK's inflation came in higher than expected at 4% (3.9% in Nov'23) led by higher prices of alcohol and tobacco, which in turn has dented rate cut expectations from BoE

Sensex is trading lower today in line with other Asian stocks 5

Investors monitored comments by Fed Waller on lowering rates 'carefully' as inflation is nearing the Fed's target goal

WhiteOak Capital MF Launches 2 Thematic Fund Offers

Both the two funds by are open-ended equity schemes

Investors In US Monitored Quarterly Earnings And Better Than Expected PPI Report

Sensex is trading further higher today while other Asian stocks are trading lower

On Macro Front, US Consumer Credit Data Has Picked Up

Sensex is trading lower today, in line with other Asian stock

INR is trading further stronger today

On domestic front, Rabi sowing data remained a cause of concern.

Securitisation volume up 20% to Rs 1.4 Tn

Regulatory changes, wider participation, and innovative structures to nudge further growth

Sensex is trading higher today in line with other Asian indices

Markit PMI data shows that services sector activity continued to expand in Dec'23 at faster pace in the US and UK, while it remained in contraction in Eurozone (led by France and Germany)

Govt’s Infra Initiatives, Expansion In Core Industries & Sustained Growth In E-Commerce Are Positives For CV Industry

PV wholesales are expected to grow in single digits on an aggregate level due to waning demand trends and a comparably elevated baseline

Rays Power Infra Files DRHP For IPO

The IPO with a face value of Rs 10 comprises of fresh issue of equity shares up to Rs300 crore and an offer for sale (OFS) of up to 2.99 million shares by Promoter Selling Shareholders

Sensex is trading lower today

China’s official PMI data reflects that contraction in manufacturing activity deepened in Dec’23, while non-manufacturing activity improved

No-code platforms provide data integration through APIs & live data streaming

Modern early warning systems need to be configurable, parameterizable and flexible to adapt to new indicators and data flows

No-code platforms provide data integration through APIs & live data streaming

Modern early warning systems need to be configurable, parameterizable and flexible to adapt to new indicators and data flows

RBI Penalizes 5 Coop Banks

These actions on the 5 entities are based on deficiencies in regulatory compliance

Fintechs should invest heavily to protect cyberthreats: FM

Fintechs in India are driving more inclusion and influencing India’s financial ecosystem. “Today, fintech has become a robust and dynamic financial inclusion tool.

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