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A LETTER OF CREDIT
Assam CM Himanta writes to PM Modi on historic milestone, credits him for transforming state's destinyAssam Chief Minister Himanta Biswa Sarma congratulated Prime Minister Narendra Modi on his record tenure. Sarma presented a letter from Ass...- Banks raise NRI deposit rates to draw dollar inflowsIndian banks are offering higher interest rates on foreign currency deposits. This move aims to attract money from overseas residents. The ...
- From tax exemption to FCNR(B) deposits: How India is trying to attract foreign capitalIndia is taking steps to attract foreign investment and boost its economy. The Reserve Bank of India and the government have introduced new...
- Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...
- RBI offers concessional swaps, allows leverage for NRI deposits to drive forex inflowsThe Reserve Bank of India has introduced new foreign exchange measures. These include special swap facilities to encourage state-owned comp...
- Deposits under RBI's latest foreign currency non-resident bank scheme will carry one-year lock-inThe Reserve Bank of India's new FCNR-B scheme offers a one-year lock-in for deposits and mandates non-cancellable swaps for banks. This ini...
- 'Our views on Tamil Nadu don't align': Annamalai quits BJP, promises shift in politicsK Annamalai, former Tamil Nadu BJP president, has launched a new movement. This initiative is expected to evolve into a political party for...
- US Stock Market: Private credit funds face fresh redemption test as investor withdrawals remain elevatedPrivate credit funds catering to wealthy investors are coming under renewed pressure as redemption requests remain elevated in the second q...
- Central Bank of India targets over Rs 3,500 crore bad-loan recovery in FY27Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The bank will also introduce wealth manag...
- ThynkTech Pune India closure: Noida IT Firm shutdown leaves 500+ jobless after Rs 15,000 deposit over issuing laptops, 2 months' salary unpaidA Noida IT firm, ThynkTech India OPC Pvt Ltd, has suddenly closed its Pune office, leaving over 500 engineers, interns and employees are no...
- Son of IIT-BHU engineer, he once had just Rs 84 in the bank. Dhurandhar actor says how movie's success has improved his self-esteemActor Gaurav Gera recently shared his journey from fashion design aspirations to facing financial hardship. He recalled a period with only ...
- Quote of the day by Charlie Munger: 'The safest way to get what you want is to try to deserve what you want'; Warren Buffett's ex-associate shares his life lesson on how he succeededCharlie Munger advocates for earning what you want by deserving it, a philosophy he adopted early on. He emphasizes acting in a way that yo...
- Mehbooba Mufti calls for Ladakh like unity in J&K and reach out to PM and HM for dialogueMehbooba Mufti urges political parties in Jammu and Kashmir to unite. She proposes a joint outreach to Prime Minister Narendra Modi and Hom...
- EPFO: When can EPF interest be credited to your account? Check hereEPFO subscribers are awaiting their FY 2025-26 interest credit, despite the 8.25% rate announcement in March. While delays are common due t...
- HDFC Bank shares drop 25% in 2026. Buying opportunity or falling knife?HDFC Bank shares have plummeted over 25% this year, driven by governance concerns following the former chairman's resignation and an intern...
- Suzlon Energy shares crack 5% after Rs 29 crore Sebi fine for misleading financials; company clarifiesSuzlon Energy shares 5% dipped after Sebi imposed nearly Rs 29 crore in penalties on the company and former executives for misrepresenting ...
- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- West Asia heat may soon scorch banks' booksIndian banks anticipate asset quality stress from the second quarter due to the West Asia conflict. Rising fuel prices will reduce consumer...
- Banks seek easing of guarantee curbs to draw more NRI fundsIndian banks are asking the Reserve Bank of India to remove a guarantee restriction. This move aims to attract money from the Indian diaspo...
- Sebi imposes penalty on Suzlon, executives for misstating financialsThe Securities and Exchange Board of India has fined Suzlon Energy and its top executives ₹29 crore. This action follows allegations of mis...
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