State-owned power financiers PFC and REC are proceeding with a merger to create a single large government-controlled institution for funding India's electricity sector, including emerging green technologies.
The Pension Fund Regulatory and Development Authority has authorized banks to sponsor pension funds under the National Pension System, promoting a level playing field and expanding retirement options.
Silver prices fell sharply by 5.03% to Rs 2.55 lakh per kg, while gold declined to Rs 1.58 lakh per 10g, according to the All India Sarafa Association.
SEBI Chairperson Madhabi Puri Buch highlights potential risks in transitioning regulatory focus from entities to their activities, emphasizing the need for careful implementation to avoid unintended consequences in India's financial markets.
India is discussing with China-linked Ant International to integrate Alipay+ with UPI, potentially easing cross-border transactions for Indian travelers and marking a thaw in India-China economic ties.
India's foreign exchange reserves have decreased by $6.71 billion to $717.06 billion for the week ending February 7, 2025, according to the latest RBI data, following a recent record high.
Stable Money is leading a significant surge in gold and silver ETF investments on the Open Network for Digital Commerce (ONDC), as investors increasingly favor safe, regulated financial products amid market volatility.
The Income Tax Department's Draft Rules 2026 propose key changes: HRA exemption extended to more cities, education and hostel allowances hiked, and PAN card limits revised. These updates aim to ease tax burdens for salaried and middle-class taxpayers.
The Reserve Bank of India has proposed updated guidelines for the Lead Bank Scheme to streamline operations, enhance credit flow to priority sectors, and strengthen financial inclusion efforts across districts.
Silver futures on the Multi Commodity Exchange (MCX) witnessed a significant rise of Rs 5,465, reaching Rs 2,41,900 per kilogram. This surge reflects strong market demand and global economic factors influencing precious metals trading in India.
A man's decision to pay 45 paise for travel insurance while booking a train ticket in 2020 resulted in his family receiving ₹10 lakh compensation after his accidental death, following a lengthy legal battle with the insurance company.
A leading textile company reports a 3.4% increase in profit for the first nine months of the fiscal year, with its quarterly results drawing significant market attention and investor interest.
India's IT sector has lost Rs 5.7 lakh crore in market value amid AI disruption fears, but JPMorgan argues firms like Infosys and TCS remain essential 'plumbers of the tech world' with limited downside risk.
A Lok Sabha committee recommends banks remove penalties for not maintaining minimum balances, suggesting incentives like reward points and fee waivers instead to encourage higher deposits.
Gold prices are struggling to hold higher levels, with technical indicators pointing to a bearish intraday structure. Analysts recommend a sell-on-rise strategy as resistance zones attract selling pressure.
Union Budget 2026 introduces key tax and policy reforms to attract global financial firms, simplifying transfer pricing and expanding safe harbour rules for GCCs in India.
Police in Tanda arrested an insurance agent and his associate for allegedly siphoning compensation money from nearly 50 villagers through fake insurance policies and fixed deposits at a nationalized bank branch.
The Bharat Bandh protest against four labour codes partially disrupted banks and government insurance companies, while most central government departments operated normally. SBI employees did not join the strike led by AIBEA.
A mob of account holders besieged a bank branch at Dr Shakuntala Mishra National Rehabilitation University, alleging unauthorized withdrawals of crores of rupees. The protest lasted over six hours, with staff held captive until police intervention.
Sebi Chairman Tuhin Kanta Pandey announced a root cause analysis of NSDL's recent technical glitch that delayed inter-depository settlements for days. Corrective steps will follow review by Sebi's technical advisory committee.
The RBI has unveiled draft KCC rules for 2026, introducing CBDC and UPI for farm credit, interest caps for small farmers, and expanded collateral options to boost digital access and safety.
The Reserve Bank of India has introduced stricter norms for loan recovery, banning harsh practices and requiring banks to resolve complaints before starting repossession. These rules take effect in July 2026.
Union Minister Shobha Karandlaje reveals that Jammu & Kashmir has added over 1.6 lakh new members to the EPFO in the last seven years, indicating significant formal employment growth in the region.
The Enforcement Directorate has provisionally attached properties worth Rs 1.2 crore linked to a Rs 2.8 crore UCO Bank fraud involving fake gold loans in Goa. Accused used counterfeit gold to secure loans across three branches.
A major fraud case involving misuse of a bank seal and duplicate challans in property tax payments has been registered at Udupi Town police station. Officials discovered discrepancies during routine checks, leading to suspicions of cheating and forgery.
Infosys and Wipro ADRs fell sharply amid a global tech sell-off, driven by AI disruption fears and strong US jobs data reducing rate cut hopes. The Nifty IT index dropped 5.5%, erasing Rs 1.3 lakh crore in market cap.
Gold prices in India dropped by Rs 400 to Rs 1.6 lakh per 10 grams, while silver remained unchanged at Rs 2.6 lakh per kilogram. The US labor market showed resilience with 1.3 lakh jobs added in January.
The Reserve Bank of India has issued draft guidelines to revise the Kisan Credit Card scheme, aiming to expand coverage, standardize crop seasons, extend loan tenure, and include tech expenses for farmers.
The Indian rupee appreciated by 17 paise to settle at 90.61 against the US dollar, supported by foreign fund inflows and ample banking system liquidity maintained by the RBI.
SEBI has issued the Phase 2 call letter for the Grade A Assistant Manager exam. Qualified candidates can download admit cards from sebi.gov.in, with details on exam pattern, streams, and instructions.