Is the Reserve Bank of India supposed to make profits?RBI’s main job is not to make profits but to keep the economy stable. Its goal is to make sure that prices of everyday items don’t rise too fast, and that borrowing rates and exchange rates stay steady without wild swings, while still reflecting demand and…
MUMBAI: The RBI has proposed changes to its master direction on ‘know your customer’ norms-rules aimed at preventing money laundering-that will ease compliance for millions of bank customers, particularly low-risk individuals and beneficiaries of govt schemes. The draft circular outlines relaxed procedures for periodic KYC updates, responding to concerns over delays and customer complaints.The proposed…
US stocks fell sharply Friday after President Donald Trump threatened to impose steep new tariffs on the European Union, reigniting fears of a global trade war and rattling markets on both sides of the Atlantic.The S&P 500 slipped 0.4% in afternoon trading, positioning the benchmark index for its worst weekly performance in nearly two months….
In a fresh attack on overseas manufacturing, US President Donald Trump has warned Apple that iPhones not made in the United States could face a 25% tariff, and other smartphone makers like Samsung may not be spared either.Speaking on Truth Social and later to reporters at the White House, Trump said he expects Apple and…
With fixed deposit rates steadily declining due to Reserve Bank of India (RBI) rate cuts and abundant liquidity, risk-averse investors are turning their attention to the RBI’s floating rate savings bonds. These bonds currently offer attractive annual yields of up to 8.05% for a 7-year tenure, providing a more lucrative and safer alternative to traditional…
NEW DELHI: The Telangana Gig and Platform Workers’ Union (TGPWU) has raised concerns with the state’s Labour Department regarding alleged “exploitative practices” by Zepto. The quick commerce platform has denied these allegations.In a letter to officials and Zepto’s CEO, the union claimed workers are denied basic labour protections despite their key role in deliveries. Zepto…
Wipro Executive Chairman Rishad Premji’s remuneration more than doubled to $1.6 million (about Rs 13.7 crore) but was still less than company CEO Srinivas Pallia’s earnings of $6.2 million (about Rs 53.64 crore) in the fiscal year ended March 31, 2025, according to the company’s latest annual report.Premji, in the fiscal year 2023-24, did not…
In 2024, more than 1.65 lakh Schengen visa applications from India were denied, resulting in a financial loss of nearly Rs 136 crore in non-refundable fees. With each application costing an average of €85 (Rs 8,270), India ranked third globally in terms of money lost to visa rejections, after Algeria and Turkey, according to data…
The Indian rupee broke a three-day losing streak on Friday, appreciating by 50 paise to settle at Rs 85.45 against the US dollar, buoyed by a sharp decline in the dollar index and strong performance in domestic equities.A rise in global risk appetite also supported the local currency, despite lingering pressure from crude oil prices…
NSE maintains leadership in equity and derivative segments with over 11.3 crore registered investors. The National Stock Exchange (NSE) Initial Public Offering or IPO, one of the most anticipated IPOs in India, is expected to get a green signal from the Sebi soon. NSE dominates India’s stock market landscape as the premier exchange, commanding the…
