State-owned Bank of Baroda (BoB) on Sunday said it has cut its benchmark lending rate linked to repo rate by 50 basis points in line with the RBI’s rate reduction. Illustration: Uttam Ghosh/Rediff Meanwhile, private sector HDFC Bank reduced its
HDFC Bank has denied Lilavati Trust’s allegation that the bank’s MD and CEO Sashidhar Jagdishan was involved in a series of financial frauds. IMAGE: Sashidhar Jagdishan, managing director and CEO, HDFC Bank. Photograph: Kind courtesy TERumel/wikipedia.org/Creative Commons, background image Shailesh
After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month triggered by renewed US-China trade tensions and rising US
The Director General of GST Intelligence has closed pre-show cause notice proceedings against Infosys for financial years 2018-19 to 2021-22, involving a GST amount of Rs 32,403 crore, the company said in a statutory filing. Illustration: Dado Ruvic/Reuters With the
Foreign investment in bonds issued by Indian corporates touched a 10-year high in May at Rs 20,996 crore, driven by $3.35 billion fundraise by the Shapoorji Pallonji (SP) group, which saw infusion from Deutsche Bank, BlackRock, Morgan Stanley, Davidson Kempner,
GST Network on Saturday said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. Illustration: Dominic Xavier/Rediff The July 2025 tax period
Reliance Industries chairman and managing director Mukesh Ambani announced an unconditional grant of Rs 151 crore to his alma mater the Institute of Chemical Technology, Mumbai. Ambani had graduated from ICT in the 1970s. He spent over three hours on
Markets regulator Sebi has ordered the attachment of bank accounts and shares and mutual fund holdings of absconding diamantaire Mehul Choksi to recover dues totalling Rs 2.1 crore in a case of violation of insider trading rules in the shares
India’s forex reserves dropped by $1.24 billion to $691.49 billion for the week ended May 30, the RBI said on Friday. Photograph: Dado Ruvic/Reuters The overall reserves had jumped by $6.99 billion to $692.72 billion in the previous reporting week.
The Reserve Bank of India (RBI) cut interest rates by more than expected 50 basis points on Friday, a third consecutive reduction, and unexpectedly reduced the cash reserve ratio for banks to provide a major liquidity fillip to support the
