The Reserve Bank of India (RBI) on Friday allowed multiple entities in a bank group to undertake the same business as long as they cater to different client segments, while mandating board approval to ensure that any overlap in business
The Reliance Centre, a guesthouse and some residential assets in Mumbai, apart from 231 plots of land in Chennai, are among the fresh assets worth Rs 1,120 crore attached by the ED as part of its ongoing money-laundering probe against
Reserve Bank Governor Sanjay Malhotra on Friday said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level. Illustration: Dominic Xavier/Rediff The governor’s statement
Stock market benchmark indices Sensex and Nifty rallied on Friday after the Reserve Bank of India (RBI) cut key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a “goldilocks” economy
As of now, no firm has launched a flex-fuel vehicle in India, as these models are more expensive than comparable petrol-run vehicles. IMAGE: Union Minister for Petroleum and Natural Gas Hardeep Singh Puri launches ‘Ethanol-100’, at Indian Oil Retail Outlet.
The exemption of individual life and health insurance premiums from the Goods and Services Tax (GST) enables the insurance industry to make products affordable and attractive, said Ajay Seth, chairman of Insurance Regulatory and Development Authority of India (Irdai) at
As the new Income Tax (I-T) Act, 2025 moves towards implementation from April 1, 2026, the finance ministry is reviewing and simplifying the compliance forms used by charitable institutions. Illustration: Dominic Xavier/Rediff Debjyoti Das, principal chief commissioner of income tax
Snapping the four-day losing run, benchmark stock indices Sensex and Nifty rebounded on Thursday on buying in tech and IT shares. Photograph: Danish Siddiqui/Reuters The 30-share BSE Sensex edged higher by 158.51 points or 0.19 per cent to settle at
Fitch Ratings on Thursday raised India’s GDP growth forecast for the current fiscal to 7.4 per cent, from 6.9 per cent, on increased consumer spending and improved sentiment boosted by GST reforms. Photograph: Anushree Fadnavis/Reuters It said falling inflation gives
In this domestic and global context, calibrated depreciation will help rebalance external fundamentals, offset some of the tariff differentials with competitors, improve the competitiveness of domestic substitutes vis-à-vis Chinese imports, points out Sajjid Z Chinoy. Illustration: Dominic Xavier/Rediff Last week’s
