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Forex reserves jump $1.5 billion, end consecutive weeks of decline

Reach $658 bn for the week ended Nov 29

Households expect inflation to rise further: RBI survey

Indian households expect inflation to rise further while consumer confidence took a knock due to weaker sentiments, according to RBI's forward-looking surveys in November.

De-dollarisation not our objective, says RBI guv

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday that de-dollarisation was not the objective of the central bank, and that it was only a part of \"derisking\" Indian trade, as dependence on a single currency could be \"problematic\".

The underlying slowdown in growth is due to inflation

Reserve Bank of India (RBI) Governor Shaktikanta Das, along with Deputy Governors Michael Patra, M Rajeshwar Rao, Swaminathan J and T Rabi Sankar, responded to a range of questions during a post-policy media interaction. Excerpts:

Hike in FCNR(B) deposit rate may have limited impact on flows

The Reserve Bank of India's (RBI's) decision to raise the interest rate ceilings on foreign currency non-resident bank [FCNR(B)] deposits is expected to have a limited impact on attracting inflows.

AI tool MuleHunter to tackle financial fraud

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday that the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model, MuleHunter.ai, to address the growing issue of mule bank accounts that are often used for committing financial fraud.

Small finance banks can now offer pre-sanctioned credit line on UPI

The RBI on Friday allowed small finance banks to offer pre-sanctioned credit lines through Unified Payments Interface (UPI).

CRR cut to improve lenders' margins, may lift credit growth

The Reserve Bank of India's (RBI's) decision to cut the cash reserve ratio (CRR) by 50 basis points, injecting liquidity of ₹1.16 trillion into the banking system, is expected to reduce costs for banks and provide a much-needed boost to credit offtake, which has slowed in recent months.

A policy addressing market microstructure

The Monetary Policy Committee (MPC) kept the rates and policy stance unchanged.

No signs of stress across Adani group entities: JP Morgan

Global brokerage JP Morgan has assigned 'overweight' rating to four Adani group bonds and has ruled out \"any signs of stress\" across the key listed entities of the conglomerate saying most of them have leverage less than 5 times.

Tata Power eyes 40 mn customer base by 2030

Sinha was addressing the media at Tata Power's newly built 4.3 Gw solar module and cell manufacturing facility in Gangaikondan near Tirunelveli, Tamil Nadu.

LG Electronics latest to test India's IPO market

In India, LG Electronics is the largest home appliances and consumer electronics player after Samsung India Electronics.

Ceat set to acquire Camso for $225 mn

Ceat, an RPG Group company, on Friday announced that it had entered into an agreement with global tyre company Michelin to acquire the Camso brand's Off-Highway construction equipment bias tyres and tracks business.

Copper industry to see 10-13% spurt in demand in H2FY25: ICA India

India's copper demand is expected to clock a 10-13 per cent growth in the second-half of FY25, said a top executive from International Copper Association India (ICA).

Don't want to go Byju's way: Aakash to NCLAT

Aakash Educational Services told the National Company Law Appellate Tribunal (NCLAT) on Friday that its move to amend Articles of Association (AoA) was aimed at infusing funds by selling equity and save the firm from going \"down the path\" of Byju's—the debt-ridden edtech firm that owns Aakash.

Paytm parent okays PayPay stake sale

One97 Communications, the company that operates brand Paytm, on Friday said the firm's wholly-owned Singapore entity approved stake sale in Japanese fintech corporation PayPay.

Pilot rest norms likely from July: DGCA

The Directorate General of Civil Aviation (DGCA) told the Delhi High Court on Friday that the proposed norms on duty and rest timings for pilots could only be implemented from July 2025 in a phased manner.

Ixigo unlocks future of travel with AI for India's next billion

When Rajnish Kumar, co-chief executive officer of travel technology firm Ixigo, travels to his favourite destinations like Spain, Malaysia, and Singapore, artificial intelligence (AI) plays a vital role in shaping his itineraries.

CCI clears DHL, FedEx of collusion charges

An investigation by the Competition Commission of India (CCI) has concluded that there was no price collusion between the domestic units of delivery companies DHL, United Parcel Service and FedEx, according to three sources and a document seen by Reuters.

A-I Express' expansion plan ready for takeoff

Airline to induct 65 planes in 3 yrs; defers Kolkata-Dhaka direct flights

Akasa Air inks codeshare pact with Etihad

Akasa Air, the Indian low-cost carrier, has entered into a codeshare partnership with Etihad Airways, the flag carrier of the United Arab Emirates.

Tata Power plans ₹1.25 trn capex for FY26-30

Tata Power is planning to invest around ₹1.25 trillion between the next financial year (FY26) and FY30 in order to double its operational capacity to 32 gigawatts (GW) from 15.6 GW now, a senior company official said on Friday.

RBI keeps rates unchanged, cuts CRR by 50 bps to 4%

Maintains neutral stance; sets stage for Feb rate action

Year-end rush: Market recovery sets IPO Street abuzz again

THE FIZZ IS BACK IPO tally this year is already highest ever for a calendar year

Q2 GDP showing not a systemic slowdown: FM

The slow pace of gross domestic product (GDP) growth in the second quarter does not show systemic slowdown; it was impacted by a reduction in capital expenditure due to general elections in the first quarter, Finance Minister Nirmala Sitharaman said on Friday.

LG India files for IPO, may raise ₹15K cr

South Korean parent to sell 15% stake

UGC: UG, PG aspirants can seek admission in any discipline

UG and PG aspirants will now be able to seek admission in any discipline irrespective of the one studied by him or her in Class 12 or at the undergraduate programme, after qualifying in a national or university-level entrance exam, according to new norms of the University of Grants Commission (UGC).

Cricket, LS polls among top YouTube trends in 2024

There is no prize for guessing what kept Indians hooked to YouTube this year too.

EUROPEAN SPACE AGENCY'S PROBA-3 MISSION LIFTS OFF ON ISRO'S PSLV ROCKET

The European Space Agency on Thursday launched Proba-3, a cutting-edge Sun-observing mission, aboard the Indian Space Research Organisation's (Isro) flagship rocket, PSLV-C59.

Banks, matchmakers tap into self-funded marriage market

Roll out accessible, flexible loans with revolving credit lines, overdraft facilities