The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹75 lakh on HDFC Bank, citing non-compliance with its Know Your Customer (KYC) guidelines. The central bank flagged deficiencies in customer risk categorisation and the issuance of multiple
Investment word of the day: Imagine you have a sum of money and you are confused about whether to use it for investment or as a measure to protect finances from unforeseen circumstances. A unit-linked insurance plan (ULIP) is a
Godrej Consumer Products (GCPL) had a disappointing third quarter (Q3FY25) with flat volumes (after 7 per cent growth H1FY25). Price hikes will be required to maintain margins to offset the cost of palm oil inflation. However, some analysts see Q3
Senior officials of India and the US will begin three-day talks on the proposed bilateral trade agreement in New Delhi on Wednesday amid threats of reciprocal tariffs from the Trump-administration, an official said. Photograph: Mike Blake/Reuters To formally start the
The government has decided to discontinue the Gold Monetisation Scheme (GMS) starting from Wednesday in view of the evolving market conditions, the finance ministry said. Photograph: Edgar Su/Reuters However, the banks may continue their short term gold deposit schemes (1-3
Benchmark indices Sensex and Nifty ended marginally higher on Tuesday, taking their gaining streak to the seventh session even as markets witnessed profit-booking after the recent sharp gains. Photograph: Francis Mascarenhas/Reuters The 30-share BSE benchmark Sensex gained 32.81 points or
Ahmedabad-based Advait Energy Transitions Ltd on Tuesday (March 25) said it has emerged as the L1 bidder for the OPGW-04 package, securing a contract for the supply and installation of optical ground wire (OPGW) and communication equipment across multiple transmission
Fertility clinic chain Indira IVF Hospital has withdrawn its draft IPO papers, which were filed through the confidential route, an update with markets regulator Sebi showed on Tuesday. The confidential pre-filing route allows the company to withhold public disclosure of
S&P Global Ratings on Tuesday cut India’s GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. Photograph:
‘The introduction of a reasonable MDR for large merchant transactions will allow the industry to continue investing in innovation, cybersecurity, grievance redressal, and merchant support, ultimately ensuring that UPI continues to thrive.’ Kindly note the image has been posted only
