Business

The US administration’s move to suspend permanent labour certification processing for major IT companies, including Tata Consultancy Services (TCS), Infosys, Wipro and HCLTech, may have a limited immediate impact on India’s IT services…
Read More...

The government is reportedly considering postponing the implementation of Merchant Discount Rate (MDR) charges on large Unified Payments Interface (UPI) transactions by a few months, with the rollout potentially shifting from October 15 to…
Read More...

The Donald Trump administration has suspended Microsoft from a US programme that allows companies to seek green cards for foreign workers, citing alleged fraud and escalating its scrutiny of the H-1B visa system. The move also affects…
Read More...

The Reserve Bank of India (RBI) on Wednesday raised its benchmark repo rate by 25 basis points to 5.5%, marking its first rate hike in nearly four years as inflationary pressures increased despite resilient economic growth. The six-member…
Read More...

The Nifty50 and the Sensex were trading higher as metal and bank shares led and global equities rallied despite higher bond yields.  As of 12:00 PM, the Sensex rose 437.44 points or 0.60 per cent to 72,819.91 and the Nifty50 was up 125.65…
Read More...

The Nifty50 and the Sensex pared early gains as IT and auto shares weighed. As of 11 AM, the Sensex was up 245.98 points or 0.34 per cent at 72,155.68 and the Nifty50 rose 74.90 points or 0.33 per cent to 22,496.85. Bajaj Finance,…
Read More...

The Reserve Bank of India (RBI) could begin a fresh rate-hiking cycle this week, with a Union Bank of India report projecting that the benchmark repo rate may eventually rise to 5.75%-6% in FY27 as inflationary pressures intensify. The…
Read More...

Anup Bagchi has been appointed Managing Director and Chief Executive Officer of HDFC Bank for a three-year term, effective October 27, 2026, following approval from the Reserve Bank of India (RBI). Bagchi will succeed Sashidhar Jagdishan,…
Read More...

Indian banks incurred nearly $500 million in mark-to-market losses on their foreign exchange (FX) trading books in the first half of 2026 after regulatory changes by the Reserve Bank of India (RBI) forced lenders to unwind positions,…
Read More...

Indian equity benchmarks opened lower on Thursday as persistent foreign fund outflows weighed on investor sentiment, while easing crude oil prices below the $100-per-barrel mark provided some support. The 30-share BSE Sensex declined 215…
Read More...