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Redington could gain as memory shortage reshapes ICT distribution; brokerage sees 20% upsideDAM Capital has re-initiated coverage on Redington with a Buy rating and a target price of Rs 470, implying nearly 20% upside. The brokerag...
Rupee outpaces Asian peers on fresh FX curbs, RBI interventionThe Indian rupee has strengthened against the dollar, thanks to recent initiatives by the Reserve Bank of India designed to curb dollar dem...
RBI's forex curbs lift rupee as banks reassess hedging costsThe Indian rupee has appreciated in value against the dollar following banks' compliance with recent currency derivative guidelines. The Re...
PM Modi woos global investors, says India believes in 'Power to Empower'The Prime Minister told the gathering of business leaders from India and abroad that the country has seen inclusive growth at a steady pace...
UPI MDR rollout deferred beyond Diwali; date yet to be notifiedNPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0.4% fee on eligible bank account-fu...
UPI MDR rollout deferred until after DiwaliUPI MDR charges on eligible merchant transactions above Rs 2,000 have been deferred until after Diwali, with the exact implementation date ...
SBI Research calls for abolition of LTCG tax on equities to boost foreign capital inflowsAccording to SBI Research, removing the long-term capital gains tax on equities could revitalize investment levels. The report emphasizes e...
What new US crypto oversight rules mean for the marketProposed US CFTC regulations could establish a global template for digital asset oversight. Bitget CEO Gracy Chen explains how clear federa...
Banks seek clarification on implementation of RBI forex measuresIndian lenders have requested clarification from the Reserve Bank of India regarding new currency-supporting measures. They seek guidance o...
RBI measures, intervention spark rupee's sharpest rally in six monthsOn Monday, the Indian rupee gained about 1% after the Reserve Bank of India announced measures to curb dollar demand. Oil companies' dollar...
RBI's rupee defence may drain banking liquidity, ease currency pressureRBI has introduced measures to curb rupee volatility, which could ease immediate depreciation pressures in the currency market. These measu...
UPI MDR framework needs rationalisation to protect public trust: ReportUPI, a public digital infrastructure, has generated significant convenience for users and productivity gains for the economy, with its long...
UPI MDR framework needs rationalisation to protect public trust: IIT Bombay reportThe report cautioned that public trust in UPI could be undermined if the proposed MDR framework is implemented in its present form, stressi...
Aditya Birla arm seeks $1.5 billion in rupee loans to buy Shell arm Solenergi, bankers sayAditya Birla Renewables is aiming to secure $1.5 billion in rupee-denominated loans for an acquisition. The company plans to acquire Shell ...
MDR a small fee, will not have major impact on UPI volumes: RBI Guv MalhotraSanjay Malhotra, the Governor of the Reserve Bank of India, commented on the impact of MDR fees on UPI transactions. He expressed confidenc...
Why India could become a global hub for responsible digital assets innovationIndia could emerge as a global hub for responsible digital asset innovation by combining its strong technology talent, blockchain expertise...
FCNR inflows cushion rupee, BoP; FII flows crucial for sustained external stability: ReportForeign currency non-resident inflows have significantly bolstered rupee stability and India's balance of payments. However, the current su...