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News
Stock markets closed on September 14 for Ganesh Chaturthi
3+ hour, 46+ min ago (347+ words) Indian stock markets will remain closed on September 14 for Ganesh Chaturthi, with NSE and BSE observing a full trading holiday. MCX will resume evening trading at 5 pm. The closure follows a week of losses in Indian equities. Mumbai: The Indian…...
Hyderabad has 515 GCCs, another 50-70 expected within a year: Report
19+ hour, 39+ min ago (395+ words) Hyderabad has around 515 Global Capability Centres employing over 3 lakh people, with another 50-70 expected within a year, according to a FICCI-Anarock report. The city is emerging as a major GCC hub, supported by talent availability and cost advantages New Delhi: Hyderabad…...
FPI selling at Rs 14,474 crore this month to date, escalating Middle East tensions key trigger
1+ day, 3+ hour ago (212+ words) FPI flows turned negative in September, with Rs 14,474 crore withdrawn through exchanges by September 12, though primary-market investment remained positive. Rising crude prices, Middle East tensions and inflation concerns pressured Indian equities, while DII purchases provided some support Mumbai: Foreign portfolio…...
TN govt employees asked to declare assets, liabilities by October end
1+ day, 3+ hour ago (251+ words) The declaration must contain full particulars of houses, residential and commercial plots, agricultural land and other immovable properties owned by employees. Properties held in their names as well as those registered in the names of their family members must also…...
RBI rejects Tata Sons’ bid to surrender NBFC licence, setting stage for mandatory listing
1+ day, 14+ hour ago (816+ words) The Reserve Bank of India has rejected Tata Sons’ application to surrender its core investment company registration, effectively forcing the Tata Group’s holding company to comply with mandatory listing requirements. Mumbai: The Reserve Bank has rejected Tata Sons’ application to…...
BRICS can deepen AI, trade and financial cooperation, say experts
1+ day, 17+ hour ago (401+ words) New Delhi: BRICS’ role in fostering economic cooperation, technological innovation and financial connectivity among emerging economies, with discussions ranging from India-Russia ties and artificial intelligence to cross-border payment systems, came into focus at the summit, industry experts said on Saturday....
Bank of Baroda unveils AI-powered bob World 2.0 mobile banking app
1+ day, 19+ hour ago (238+ words) Bank of Baroda has launched bob World 2.0, an AI-powered mobile banking application featuring voice-enabled payments, personal financial management, hyper-personalisation and enhanced security. The app forms the foundation for an omnichannel digital banking ecosystem across mobile and internet platforms Hyderabad: Bank…...
RBI should hike rates by 50 bps by December, says SBI Research
2+ day, 3+ hour ago (361+ words) SBI Research has recommended two 25-basis-point RBI rate hikes by December, citing elevated global oil and commodity prices and early signs of inflation generalisation. It warned consumer inflation could approach 6.5 per cent or higher if oil remains elevated. New Delhi:…...
SEBI likely to propose changes to derivative settlement prices under CAS
2+ day, 3+ hour ago (337+ words) SEBI is likely to issue a consultation paper proposing changes to derivative settlement price calculations under the Closing Auction Session. The move comes amid concerns over expiry-day volatility, unpredictable execution and limited auction participation, according to a report Mumbai: The…...
Central Bank of India launches Bharat Connect for Business for digital B2B payments
3+ day, 13+ hour ago (176+ words) Central Bank of India has launched Bharat Connect for Business in partnership with NPCI Bharat BillPay, becoming the first public sector bank to offer the platform. The initiative enables digital invoicing, payments, collections and settlements for businesses. Hyderabad: Central Bank…...