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Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
CBI conducts searches in Kolkata in PNB fraud casesThe Central Bureau of Investigation (CBI) has conducted searches on Wednesday, at 8 locations in Kolkata, West Bengal, in connection with t...
Emirates NBD completes acquisition of RBL BankThe investment was completed through a preferential allotment of 929.1 million fully paid-up equity shares of RBL Bank at Rs 280 per share,...
CBI raids 8 locations in Bengal in bank fraud casesThe Central Bureau of Investigation (CBI) has launched extensive operations throughout West Bengal, targeting bank fraud involving a stagge...
International Finance Corporation announces $371 million investment in data centre operator SifyThe International Finance Corporation is investing $371 million in Sify Technologies. This funding will develop two new data centres in Nav...
Rupee’s oil relief capped by RBI's FX book, interest payment hedges, bankers sayThe Indian rupee's upward surge encounters some obstacles. As the Reserve Bank of India gradually dissolves a hefty foreign exchange forwar...
Kitchen staples face rising price pressure as El Nino risks growExpect higher prices for essential kitchen items like spices, eggs, and dairy. Food inflation is rising, with a potential monsoon deficit a...
ED to file money laundering case over ₹95 crore foreign funds routed to Maoist areasThe Enforcement Directorate will file a money laundering case. This probe will investigate foreign funds allegedly sent into Left-Wing Extr...
FEMA probe against Apollo Hospitals, 5 directors closed after compounding order: EDA foreign exchange violation case against Apollo Hospitals and five directors has been terminated. The Reserve Bank of India issued a compo...
Axis Bank partners with BITS Pilani to establish Rs 100 crore industry research, tech and innovation parkAxis Bank has partnered with BITS Pilani to establish a Rs 100 crore Industry Research, Technology & Innovation Park at its Hyderabad campu...
Louvre museum 'running out of steam', says new directorThe Louvre museum is struggling to find funding to upgrade its ageing facilities, its new director said Wednesday, following a litany of pr...
Foreign investors may bet big on Indian stocks after regulatory clarity emergesIndia has opened its stock markets to direct investment by foreign individuals, aiming to broaden capital sources beyond FPIs. While a long...
CCI approves Kedaara Capital's Rs 750 crore stake purchase proposal in Axis FinanceIndia's competition watchdog has given the green light for Kedaara Capital to invest Rs 750 crore in Axis Finance. This marks a significant...
ED searches at 17 locations in corporate insolvency process caseThe Enforcement Directorate has launched a money laundering probe, conducting searches across 17 locations in Maharashtra and Delhi. The in...
YES Bank share price rises 3% on partnership with Northern Arc to extend lending offeringsYES Bank shares gained after the lender announced a strategic partnership with Northern Arc Capital. The collaboration aims to expand credi...
No merit in issues flagged by ex-chair of HDFC Bank: Law firmsThe reviews were prompted by former Chairman Atanu Chakraborty's dramatic March 18 resignation, a decision he had said in a letter to the e...
RHFL, RCFL bank fraud money laundering case: ED files charge sheet against Jhunjhunwala, Bapna, 52 othersThe Enforcement Directorate has filed a charge sheet against former Reliance executives Amitabh Jhunjhunwala and Amit Bapna. They were arre...