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News
FPI selling at Rs 14,474 crore this month to date, escalating Middle East tensions key trigger
4+ hour, 6+ min ago (212+ words) FPI flows turned negative in September, with Rs 14,474 crore withdrawn through exchanges by September 12, though primary-market investment remained positive.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…...
No BRICS currency proposal yet, says MEA
17+ hour, 35+ min ago (464+ words) The Ministry of External Affairs clarified that there is no proposal for a common BRICS currency at present, though discussions on trade in local currencies continue. MEA official Sudhakar Dalela highlighted that local currency settlements can reduce transaction costs and…...
BRICS can deepen AI, trade and financial cooperation, say experts
18+ 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....
RBI should hike rates by 50 bps by December, says SBI Research
1+ 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:…...
RBI, Sebi launch India’s first tokenised corporate bond pilot
2+ day, 19+ hour ago (382+ words) RBI Governor Sanjay Malhotra and Sebi Chairman Tuhin Kanta Pandey launched India’s first tokenised corporate bond pilot at Global Fintech Fest 2026. The initiative combines CBDC and blockchain technology and could eventually cover equities, mutual funds and other assets. Mumbai: Reserve…...
Editorial: UPI and India’s uniquely digital mission
3+ day, 14+ hour ago (291+ words) It may seem unusual that India, a country where hundreds of millions of citizens lacked access to formal banking as recently as 15 years ago, could build a payment infrastructure that many of the world’s wealthiest economies have yet to match…...
Fuel retailers lose Rs 5 on petrol, Rs 23 on diesel as crude tops $100
3+ day, 20+ hour ago (842+ words) India's state-owned fuel retailers are facing losses on petrol and diesel sales as crude oil prices cross USD 100 a barrel amid West Asia tensions. Higher oil prices could widen India's import bill, pressure the rupee and add to inflation New…...
Fortune plans Rs 60,000 crore AI Data Centre Park in Telangana
3+ day, 20+ hour ago (231+ words) Fortune plans a Rs 60,000-crore hyperscale AI data centre park across 170 acres in Telangana’s Kandukur. The project could eventually attract Rs 1 lakh crore in investment and use treated greywater, water-efficient cooling and renewable energy for operations. Hyderabad: Fortune plans to…...
Rupee falls 21 paise to 94.95 against US dollar amid US-Iran tensions
4+ day, 4+ hour ago (335+ words) The rupee fell 21 paise to 94.95 against the US dollar on Wednesday as crude oil prices neared $100 a barrel amid escalating US-Iran tensions. A weak dollar cushioned the decline, while domestic equities also opened sharply lower. Mumbai: The rupee depreciated 21 paise…...
India’s Russian energy imports continue to set records: Peskov
4+ day, 19+ hour ago (380+ words) Russia says India’s Russian energy imports continue to hit monthly records, while rupee payment issues are being resolved. Moscow and New Delhi are discussing rare-earth cooperation and Su-57 sales, alongside trade, economic and financial matters during Putin’s India visit Moscow:…...