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FOREIGN EXCHANGE TRANSACTIONS
Karnataka HC dismisses Genpact's plea against ED seizure of Gurugram officeThe ED alleges that the resulting entity repaid about Rs 7,800 crore, including principal and interest, to Genpact Luxembourg between 2018 ...
Draft note favours rupee payments for SEZ services provided domesticallyThe current provision under Section 2(z) of the Act mandates that proceeds from SEZ-to-DTA supplies of services must be realised in foreign...
Behind the Modi-Xi border thaw, India's dependence on Chinese imports, especially rare earths, keeps deepeningIndia faces a significant trade deficit with China, importing substantially more goods than it exports. Chinese firms offer superior price ...
NSE IPO impact on BSE explained: How the mega listing may benefit a rivalNSE is set to make its grand debut on the BSE on September 24, 2026. This significant event is anticipated to enhance BSE's market presence...
- MDR on UPI not imposed due to external pressure, say govt sources
Officials clarified that there is no separate GST levied on MDR charges. While GST will apply to MDR on UPI transactions, businesses will b...
Global Market: China broadens Yuan FX clearing in push for global currency useChina has expanded yuan foreign-exchange clearing to include the Singapore dollar, New Zealand dollar and Thai baht, as Beijing seeks to wi...
NSE IPO: IFCI, New India Assurance, other stocks rally up to 9% as Rs 22,569 crore IPO opens. How much exposure do they have?IFCI, New India Assurance and other stocks rallied after the Rs 22,569 crore NSE IPO opened for subscription. The companies have direct or ...
China may have found a way to tackle glut in car marketTwo state-owned cos, which make Toyota models, plan to combine ops in a sign that car sector is headed for consolidation.
Reliance Industries to raise Rs 12,500 crore via five-year bondsIn a significant financial maneuver, Reliance Industries aims to secure ₹12,500 crore via a five-year bond issuance, orchestrated by Indian...
From borrowed rules to a bespoke rulebook: Can IFSCA create an international market conduct regime?The IFSCA announced on August 25, 2026, the implementation of new market abuse regulations, which will replace existing SEBI guidelines for...
Making a dollar detour: Why BRICS isn’t breaking up with the dollarThe latest BRICS declaration emphasizes interoperable payment systems and local currency settlement. It explicitly avoids proposing a commo...
SEBI tightens scrutiny of Wall Street giants operating in IndiaIndia's securities regulator is increasing its oversight of foreign financial firms. Prominent players like JPMorgan Chase and Jane Street ...
RBI system liquidity surplus at record high: What it means for loans, FDs and investmentsA record Rs.10 trillion-plus surplus is lowering borrowing costs, but complicating RBI’s inflation fight.
De-dollarisation and its impact on commodities and global tradeFor decades, the US dollar has dominated global trade and commodity markets. Most commodities, including crude oil, natural gas, gold, indu...
India urges BRICS to link payment systems, encourage local currency tradeCommerce and Industry Minister Piyush Goyal urged BRICS countries to link payment systems, expand local-currency trade, open markets and si...
MobiKwik expands digital forex retail service to six currenciesMobiKwik has expanded its digital foreign exchange service to six currencies, including the UAE dirham and euro. This new multi-currency of...
RBI to expand retail forex access with five new currency pairs, plans wider global currency bouquetThe Reserve Bank of India will add five currency pairs—euro, British pound, Swiss franc, Canadian dollar and Emirati dirham—to its FX-Retai...
RBL Bank to raise up to USD 1 bn from overseas investorsRBL Bank's board has given the green light to raise up to one billion US dollars from foreign investors via a Euro Medium Term Note Program...
Global Market | South Korea’s NPS suspends FX hedging as won hits near two-year high: ReportsSouth Korea’s National Pension Service has suspended foreign exchange hedging as the won strengthened to a near two-year high against the d...
Finance Ministry notifies norms allowing e-commerce firms to maintain inventory only for exportsIndia has relaxed FDI rules for e-commerce exports, allowing foreign-funded e-commerce companies to hold inventory if the goods are made in...