The Reserve Bank of India has announced proposed regulations concerning money mule accounts, allowing banks to implement temporary debit holds on questionable transactions for up to sixty days.
Plans to helicopter a historic inscribed tree from Wyoming
Tata Trusts controls about two-thirds of Tata Sons and has resisted the idea of a public listing. The regulator’s decision leaves the Trusts with fewer options. | India News
Mumbai: Higher-than-expected inflows through the FCNR(B) window will heighten liquidity issues and lead the Reserve Bank to deploy more tools to absorb the excess money, economists said on Thursday.In comments that come a day after the RBI announced that banks
Indian refiners face mounting crude supply disruptions from the Gulf region. Rising vessel attacks and transit bottlenecks are causing significant delivery delays
Asian markets mirrored Wall Street's upward trend, with Japanese and South Korean indices on the rise. The yen's unexpected gains caught traders' attention, signaling possible interventions
India's banking system attracted over $136 billion through a special Reserve Bank of India swap facility. Foreign currency non-resident deposits accounted for the largest portion of these substantial inflows
A Chandigarh Housing Board (CHB) flat in Sector 63 fetched Rs 1.92 crore nearly Rs 63 lakh above its reserve price of Rs 1.29 crore in an auction held on Tuesday. The bid, however, failed to translate into a wider response, with only two of the 14 freehold res
A bond-market selloff of a scale not seen in decades is creating a fresh headache for Indian investors. Yields across major economies have climbed to multi-year highs as traders grapple with three increasingly uncomfortable forces: oil-driven inflation, tighte
With India's robust economic expansion comes a pressing need to manage foreign exchange effectively. Zoho's Sridhar Vembu emphasizes that as growth accelerates, so does the reliance on imported energy and technology
Gold prices held steady as traders navigated heightened tensions in the Middle East and awaited pivotal labor data from the US. This economic data is expected to shape the market's forecast regarding Federal Reserve policy moves
Fresh rupee term deposit rates saw a slight decrease in July. Outstanding rupee deposit rates, however, remained stable during the same period
India has received $72.8 billion in dollar inflows through FCNR(B) deposits, external commercial borrowings and overseas foreign currency borrowings under the RBI s special swap facility as of August 21. US bond yield: Will it become a new pain point?
The Gauhati High Court recently upheld the termination of a CRPF constable after he was found to be colour blind in 2016, nearly two years after he joined the force, noting that he had given an undertaking at the time of joining that he would accept such a con
Reserve Bank of India s (RBI) Deputy Governor Shirish Chandra Murmu on Wednesday underlined the importance of artificial intelligence (AI) in the banking system but emphasised that human intervention remains necessary in implementing the technology and identif
Ahmedabad: The Gujarat government has increased the maximum annual family income limit for students from the unreserved category seeking assistance under its Foreign Study Loan Scheme from Rs 6 lakh to Rs 10 lakh, officials said on Wednesday.The decision is ex
A sell-off in U.S. Treasuries has pushed yields higher, raising borrowing costs for households, companies and the federal government
On Wednesday, the Indian rupee hit its lowest point since late July, primarily due to high oil prices and sustained demand for the dollar. Despite this, the Reserve Bank of India's interventions helped to temper the rupee's fall
Delhi Police Commissioner Anurag Kumar has asked the traffic wing to draw up an action plan to tackle congestion, accident-prone stretches and chronic traffic choke points, with each traffic circle being tasked with identifying at least one problem area . Thes
The last female jaguar in the United States of America was killed by a hunter in 1949. The third-largest big cat, like its feline cousin, the tiger, is a solitary, elusive hunter
The 60-day window for the US and Iran to agree on a long-term peace framework expired on Monday. On the ground, however, both sides had shut the window in late June and through July, as they traded strikes
The Reserve Bank of India shortened its zero-cost FX swap facility for banks. This action followed substantial foreign deposit inflows from non-resident Indians
The dollar remained under pressure after weak US economic data reduced bets for the Federal Reserve to raise interest rates next month.A Bloomberg gauge of the currency s strength slipped 0.1%, hovering around levels last seen in May. The dollar was weaker aga
Firefighters battled Belgium's largest wildfire, which burned 3,000 hectares of land. The blaze in the High Fens nature reserve spread towards the German border
ONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing expanded production and new agreements
India s payments ecosystem has evolved dramatically, from hundis and merchant networks that moved value across long distances to formal banking, electronic transfers and the digital infra behind UPI. Each technological leap solved the same fundamental challeng
The Indian rupee faced a challenging week, depreciating against the dollar amidst mounting tensions from the Middle East conflict. Despite this, central bank interventions and steady dollar sales by state banks helped mitigate more significant losses
A hiking review attributed to Patrick Clancy has gone viral on social media as the murder trial of his ex-wife, Lindsay Clancy, continues in Massachusetts. The post, dated February 21, 2023, shows a five-star review for the Manakin Waterfall Nature Reserve in
The 184.75-carat Jacob Diamond is one of the world s largest polished diamonds and is known for its unusual journey through Hyderabad s royal court. Believed to have originated in the Golconda region, it was acquired by jeweller Alexander Malcolm Jacob, who tr
The Reserve Bank of India (RBI) has proposed a comprehensive new framework governing interest rates on loans and advances, with tighter rules on floating-rate loans, greater transparency in pricing and safeguards for borrowers. The draft Reserve Bank of India
Gold prices have soared to a two-month peak as consumer inflation in the U.S. showed signs of cooling
Asian stocks rose after a subdued US inflation report eased concerns about imminent interest-rate hikes by the Federal Reserve. Brent snapped a six-day rally.The MSCI Asia Pacific Index rose 0.6%, with gauges in Japan and South Korea advancing
Fusion Finance plans to reduce microfinance loans to seventy percent by fiscal 2029. The company will introduce larger individual loans while focusing on small business lending
The rupee fell 8 paise to 95.38 against the US dollar in early trade on Tuesday amid no breakthrough in the ongoing West Asia crisis, which kept global markets on edge and pushed up crude oil prices overnight.A decline in domestic equity markets in early trade
BP will sell a stake in a Venezuelan gas field to Trinidad's National Gas Company. This agreement follows Venezuela granting BP a license to develop the Cocuina-Manakin field
The Indian rupee ended the day with minimal fluctuations, influenced primarily by oil market dynamics and moves from the central bank. State-owned banks reportedly intervened by supplying dollars on behalf of the Reserve Bank of India, helping to buffer the cu
Indian diaspora could be UPI s ticket to the global payments map - The Economic Times UPI Payments,National Payments Corporation of India,India Diaspora,cross-border payments,remittances,mobile payments,Reserve Bank of India,OpenAI,payment systems,real-time pa
New Delhi: India's planned expansion of nuclear power capacity could significantly increase its uranium requirement, with Pressurised Heavy Water Reactors (PHWRs) alone expected to need around 5,400 tonnes of uranium oxide annually, while domestic production c