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Finance, Banking & Insurance

News   -   Jan 14, 2025 Rupee and Markets Rebound after Monday's Crash
Rupee and Markets Rebound after Monday's Crash

The rupee rebounded from its lowest-ever level and settled 8 paise higher at 86.62 (provisional) against the US dollar on Tuesday as the American currency retreated from record high. Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it

by PTI
News   -   Jan 13, 2025 Sensex Crashes 1.36% and Nifty 1.47%; Midcap losses ranging 20-55%
Sensex Crashes 1.36% and Nifty 1.47%; Midcap losses ranging 20-55%

Indian stock markets experienced a significant dip on Monday, with the BSE Sensex falling 1.36% to 76,330.01 and the NSE Nifty50 dropping 1.47% to 23,085.95. Retail investors' favourite small-cap stocks are leading the recent market sell-off, with the Nifty Smallcap 100 index dropping

by Publisher
News   -   Jan 13, 2025 Steepest Fall in Rupee Since February 2023, Hits 86.59/$
Steepest Fall in Rupee Since February 2023, Hits 86.59/$

The rupee logged its steepest fall in nearly two years, plunging 55 paise to hit a historic low of 86.59 against the US dollar during mid-session on Monday due to the strengthening of the American currency and surging crude oil prices. At the interbank foreign exchange, the rupee opened

by PTI
News   -   Jan 13, 2025 Rupee Downslide Continues, Breaches 86/$ Mark this Week
Rupee Downslide Continues, Breaches 86/$ Mark this Week

Driven down by a strong US currency amid uncertain global indications, the rupee's slump continued for the second consecutive session on Monday, losing 27 paise to hit a new lifetime low of 86.31 against the US dollar. According to an analysis made by The Times of India,

by Publisher
News   -   Jan 10, 2025 Vodafone Completes sale of 3% Indus Towers Stake
Vodafone Completes sale of 3% Indus Towers Stake

British telecom firm Vodafone has sold its entire 3% stake in Indus Towers for ₹2,800 crore ($337 million). The sale involved 7.92 crore shares, with ₹890 crore ($107 million) used to settle lender dues, the company said in a regulatory filing. "Vodafone Group Plc announces that it

by Publisher
News   -   Jan 10, 2025 NaBFID Eyes Largest Ever Fundraising for Q4
NaBFID Eyes Largest Ever Fundraising for Q4

To support the country's ambitious economic push, India's state-owned National Bank for Financing Infrastructure & Development (NaBFID) is aiming to raise $4.7 billion, the largest fundraising ever during the January–March timeframe. The financing would be achieved from the local debt markets through a combination

by Publisher
News   -   Jan 10, 2025 Industry Bodies and Law Firms Seek Raising FDI limits; Easier Investments from China
Industry Bodies and Law Firms Seek Raising FDI limits; Easier Investments from China

To make Indian economy more appealing, industry bodies and legal firms have proposed easing restrictions on the flow of capital from China, liberalising laws for plantations and agriculture, and raising the FDI limits for R&D and security agencies. The issues were discussed during a consultation by the Department

by Publisher
News   -   Jan 09, 2025 Decline in Microfinance Industry, Defaults Doubled
Decline in Microfinance Industry, Defaults Doubled

The microfinance industry shrank in the second quarter of FY25 as loan delinquency rates —- where instalments are overdue by 30 to 180 days — reached 4.3% in September 2024 from 2% just a year ago. The microfinance portfolio was valued at ₹4.1 lakh crore in September 2024, a

by Publisher
Rupee and Markets Rebound after Monday's Crash
News   -   Jan 14, 2025 Rupee and Markets Rebound after Monday's Crash

The rupee rebounded from its lowest-ever level and settled 8 paise higher at 86.62 (provisional) against the US dollar on Tuesday as the American currency retreated from record high. Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it

by PTI
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Finance, Banking & Insurance Articles 41 Articles
News   -   Jan 14, 2025 Rupee and Markets Rebound after Monday's Crash
Rupee and Markets Rebound after Monday's Crash

The rupee rebounded from its lowest-ever level and settled 8 paise higher at 86.62 (provisional) against the US dollar on Tuesday as the American currency retreated from record high. Some recovery in domestic equity markets after the release of macroeconomic numbers also supported the Indian currency even though it

by PTI
News   -   Jan 13, 2025 Sensex Crashes 1.36% and Nifty 1.47%; Midcap losses ranging 20-55%
Sensex Crashes 1.36% and Nifty 1.47%; Midcap losses ranging 20-55%

Indian stock markets experienced a significant dip on Monday, with the BSE Sensex falling 1.36% to 76,330.01 and the NSE Nifty50 dropping 1.47% to 23,085.95. Retail investors' favourite small-cap stocks are leading the recent market sell-off, with the Nifty Smallcap 100 index dropping

by Publisher
News   -   Jan 13, 2025 Steepest Fall in Rupee Since February 2023, Hits 86.59/$
Steepest Fall in Rupee Since February 2023, Hits 86.59/$

The rupee logged its steepest fall in nearly two years, plunging 55 paise to hit a historic low of 86.59 against the US dollar during mid-session on Monday due to the strengthening of the American currency and surging crude oil prices. At the interbank foreign exchange, the rupee opened

by PTI
News   -   Jan 13, 2025 Rupee Downslide Continues, Breaches 86/$ Mark this Week
Rupee Downslide Continues, Breaches 86/$ Mark this Week

Driven down by a strong US currency amid uncertain global indications, the rupee's slump continued for the second consecutive session on Monday, losing 27 paise to hit a new lifetime low of 86.31 against the US dollar. According to an analysis made by The Times of India,

by Publisher
News   -   Jan 10, 2025 Vodafone Completes sale of 3% Indus Towers Stake
Vodafone Completes sale of 3% Indus Towers Stake

British telecom firm Vodafone has sold its entire 3% stake in Indus Towers for ₹2,800 crore ($337 million). The sale involved 7.92 crore shares, with ₹890 crore ($107 million) used to settle lender dues, the company said in a regulatory filing. "Vodafone Group Plc announces that it

by Publisher
News   -   Jan 10, 2025 NaBFID Eyes Largest Ever Fundraising for Q4
NaBFID Eyes Largest Ever Fundraising for Q4

To support the country's ambitious economic push, India's state-owned National Bank for Financing Infrastructure & Development (NaBFID) is aiming to raise $4.7 billion, the largest fundraising ever during the January–March timeframe. The financing would be achieved from the local debt markets through a combination

by Publisher
News   -   Jan 10, 2025 Industry Bodies and Law Firms Seek Raising FDI limits; Easier Investments from China
Industry Bodies and Law Firms Seek Raising FDI limits; Easier Investments from China

To make Indian economy more appealing, industry bodies and legal firms have proposed easing restrictions on the flow of capital from China, liberalising laws for plantations and agriculture, and raising the FDI limits for R&D and security agencies. The issues were discussed during a consultation by the Department

by Publisher
News   -   Jan 09, 2025 Decline in Microfinance Industry, Defaults Doubled
Decline in Microfinance Industry, Defaults Doubled

The microfinance industry shrank in the second quarter of FY25 as loan delinquency rates —- where instalments are overdue by 30 to 180 days — reached 4.3% in September 2024 from 2% just a year ago. The microfinance portfolio was valued at ₹4.1 lakh crore in September 2024, a

by Publisher
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News   -   Jan 15, 2025 Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX
Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1

by PTI
News   -   Jan 15, 2025 GOP Lawmaker Warns Adani Case Could Harm US-India Relations
GOP Lawmaker Warns Adani Case Could Harm US-India Relations

A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.

by PTI
News   -   Jan 15, 2025 Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal
Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal

The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money

by PTI
News   -   Jan 15, 2025 Armed Forces' Welfare a Govt Priority, says PM Modi
Armed Forces' Welfare a Govt Priority, says PM Modi

Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering

by PTI
News   -   Jan 15, 2025 Odisha Eyes Greenfield Steel Plant Deal in Keonjhar
Odisha Eyes Greenfield Steel Plant Deal in Keonjhar

Odisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the

by PTI
News   -   Jan 15, 2025 Singapore President Arrives in Delhi for Five-Day Visit
Singapore President Arrives in Delhi for Five-Day Visit

President of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as

by PTI
News   -   Jan 15, 2025 Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid
Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid

External Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official

by PTI
News   -   Jan 15, 2025 Fog Disrupts Dialy Life in the National Capital
Fog Disrupts Dialy Life in the National Capital

A thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was

by Publisher
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