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Home  Business

Business

Sebi attaches bank, share, mutual fund holdings of Mehul Choksi to recover Rs 2.1 crore dues

Sebi attaches bank, share, mutual fund holdings of Mehul Choksi to recover Rs 2.1 crore dues

  • IndusInd Bank shares rise after RBI signals stability ahead

    Shares of IndusInd Bank rose as much as 5.3 per cent on Friday, after the Reserve Bank of India (RBI) said the problems at the private sector lender are likely to settle soon
  • Ayodhya’s Ram Temple uses 45 kg gold; visitors need passes for Ram Darbar

    Ayodhya’s Ram Temple now features 45 kg of pure gold, mainly in the sanctum and throne of Lord Ram. Following the Ram Darbar consecration, entry will be restricted via free passes. Other temple complex structures are set to complete by 2025.
  • Top bankers hail Reserve Bank’s big bang measures to boost financial inclusion

    Top bankers hailed RBI's decision to reduce repo rate by 50 basis points to 5.50 per cent and CRR by 100 basis points in four tranches, saying the policy move is expected to provide the necessary drive for credit expansion in priority sectors which will enhance the financial inclusion
  • RBI cuts CRR by steep 1 per cent, to unlock Rs 2.5 lakh crore of bank funds

    RBI decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy
  • Starlink gets licence for satcom services in India

    Starlink is the third company to secure the licence from the Department of Telecom (DoT). DoT sources confirmed that Starlink has indeed received licence, and said they will be granted trial spectrum in 15-20 days of applying for it
  • Very little scope for further policy rate cut: Sanjay Malhotra

    Reserve Bank Governor Sanjay Malhotra on Friday said there is very little scope for rate cut in the current circumstances after the central bank reduced the policy rate by 50 basis points
  • FM Nirmala Sitharaman says India now has 1.76 lakh registered startups, 118 unicorns

    The number of registered startups has reached 1.76 lakh in the last 11 years, with 118 unicorns, thus fueling youth entrepreneurship: Finance Minister Nirmala Sitharaman
  • OYO plans to double hotel revenue by FY26

    OYO expects to double revenue from its company-serviced hotels by FY26, raising their contribution to 44%. With over 1,300 such hotels in India, OYO plans further expansion across cities as part of its profitability and customer experience focus.
  • RBI booster: EMIs, tenure set to come down for home loan borrowers

    RBI will directly benefit home loan borrowers, especially existing ones, by reducing their interest burden, experts said
  • RBI retains FY26 GDP forecast at 6.5 per cent; says Indian economy shows strength, stability, opportunity

    The FY26 growth projections are compared with the 6.5 per cent economic growth recorded in the 2024-25 fiscal year. The Reserve Bank of India (RBI) has projected economic growth at 6.5 per cent for the June quarter and 6.7 per cent for the September quarter
  • RBI to raise gold loan-to-value ratio to 85 per cent for small borrowers of up to Rs 2.5 lakh

    The increase in the loan-to-value ratio for small loans means that if the gold pledged is worth Rs one lakh, borrowers can get up to Rs 85,000 as a loan, up from Rs 75,000
  • Cryptocurrencies hamper financial stability: RBI Governor

    RBI Governor Sanjay Malhotra said the central bank is concerned about cryptocurrencies as it can hamper financial stability
  • Telangana’s T-Wallet marks 8 years with Rs 35,000 crore in transactions and 16 lakh users

    India’s first State-run digital wallet, T Wallet, has completed eight years with over 16 lakh users and Rs 34,991 crore in transactions. Integrated across Telangana’s service points, it enables IMPS transfers, utility payments, and seamless banking even in rural areas.
  • Repo Rate and CRR cuts: A double boost for affordable housing amid global headwinds

    While the rate cut is a strong positive for real estate, especially for affordable housing, much now depends on how well it can adapt to higher input costs and ongoing global uncertainties
  • RBI cuts repo rate by 50 bps to 5.5 pc as inflation eases to 3.2 pc

    RBI Governor Sanjay Malhotra announced a 50 bps repo rate cut to 5.5% amid falling inflation, now at 3.2%. The central bank also slashed CRR by 100 bps in phases, while shifting its policy stance from accommodative to neutral.
  • Rupee trades flat with mild volatility ahead of RBI rate decision

    The rupee moved in a narrow range in early trade on Friday, ahead of the RBI’s monetary policy announcement. Forex markets remained cautious amid expectations of a rate cut. The currency opened lower but recovered slightly against the US dollar.
  • Sensex, Nifty slip ahead of RBI policy outcome; foreign fund outflows weigh on sentiment

    Equity benchmarks Sensex and Nifty fell in early trade on Friday ahead of the RBI’s monetary policy announcement. Weak global cues and foreign fund outflows weighed on investor sentiment. Focus remains on interest rate direction and FY26 growth outlook.
  • Investors dump Tesla on bet Trump may lash out at Musk

    Shares of Elon Musk's electric vehicle maker plunged more than 14% in a stunning wipe-out as investors dumped holdings amid a bitter war of words between the President and the world's richest man
  • Hiring of staff in India’s services sector at all-time high in May

    The seasonally adjusted HSBC India Services PM Business Activity Index registered 58.8 in May, broadly in line with April's reading of 58.7
  • Hyderabad-based Dhruva Space enters strategic partnership with French Sodern ArianeGroup

    Dhruva Space has partnered with France-based Sodern ArianeGroup to deploy the HORUS star tracker on a 2026 mission. The collaboration will use Dhruva’s modular nanosatellite platform and marks a significant Indo-French advancement in satellite-based attitude determination technology.
  • Rupee weakens past 85.95 as dollar demand rises ahead of RBI policy outcome

    The rupee slipped 9 paise to 85.96 against the US dollar in early trade on Thursday amid strong dollar demand from importers and FIIs. Markets await RBI’s policy decision, while rising crude prices add pressure on India’s currency outlook.
  • Sensex, Nifty rise in early trade on Reliance buying, foreign inflows

    Benchmark indices Sensex and Nifty opened higher on Thursday, supported by gains in Reliance Industries and foreign institutional inflows. A firm trend in Asian markets also lifted investor sentiment. FIIs were net buyers, infusing Rs 1,076 crore into domestic equities.
  • Adani Group’s tax payments rise 29 per cent to Rs 75,000 crore in FY25

    The Rs 74,945 crore tax outgo in FY25 is roughly the cost of building the entire Mumbai Metro network - an infrastructure lifeline for millions of people. It's also nearly enough to host a modern-day Olympics.
  • Opinion: It’s time for de-growth

    Merely celebrating Environment Day on June 5 is not enough; what is truly needed is a commitment to systemic change while adopting sustainable practices
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