The Reserve Bank of India cancelled the banking licence of Paytm Payments Bank Limited, on Friday, ceasing its operations as a bank, effective from April 24. “The Reserve Bank of India (RBI) has cancelled the banking licence issued to Paytm Payments Bank Limited under Section 22(4) of the Banking Regulation Act, 1949 (‘BR Act’) effective…
Rupee fell almost 5% in 2025, and has continued to weaken since then, even touching a new record low this year. However, the currency is falling not only in terms of comparision against the greenback but also against other currencies.Rupee has dropped to its weakest level in more than a decade, as compared to its…
India’s foreign exchange reserves rose by $2.362 billion to $703.308 billion in the week ended April 17, the Reserve Bank of India (RBI) said on Friday. This comes after the kitty had already gained $3.825 billion in the previous week, when the reserves stood at $700.946 billion.The reserves had earlier touched a record high of…
Indian equities are facing a more cautious outlook, with JPMorgan cutting its rating on the market to neutral from overweight. The brokerage warned that the Nifty 50 could drop to 20,500 in a worst-case scenario, which would mean a fall of around 15% from current levels. It stated that high valuations and uncertainty linked to…
India-US trade deal: India and the United States have agreed to continue their engagement on a proposed trade agreement, with the government confirming on Friday that the latest round of discussions between officials from both countries wrapped up on April 23 after three days of talks.On February 7, the two countries had issued a joint…
File photo: FM Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Thursday urged banks to strengthen cybersecurity systems and adopt a more proactive approach to tackle emerging threats linked to advanced artificial intelligence models, particularly amid concerns over Anthropic’s “Claude Mythos”.Chairing a high-level meeting with bank chiefs alongside IT minister Ashwini Vaishnaw, Sitharaman directed lenders…
Consumer goods companies in India are facing a sharp rise in input costs due to the ongoing war in the Middle East. Surging raw material prices are forcing firms to track costs on a near-daily basis, review pricing frequently, and focus on short-term decisions instead of long-term planning.As firms are struggling with volatile input costs,…
A key driver behind today’s downturn was the worsening standoff between Iran and the United States. (AI image) Stock market crash today: Nifty50 and BSE Sensex continued their downward streak on Friday, dropping on negative global cues and weak sentiment in IT stocks. The stock market is under pressure for a third straight session, with…
For the quarter ended March 31, 2026, Infosys posted a consolidated net profit of Rs 8,501 crore, up 21 per cent from Rs 7,033 crore. Infosys share price today: The stock price of India’s second largest IT services firm fell sharply on Friday despite the company’s quarterly results beating market expectations. Infosys came under significant…
File photo (Picture credit: AP) Asian markets showed a mixed and cautious trend on Friday, with investors remaining on edge as uncertainty around the Iran conflict and stalled US-Iran talks continued to cloud sentiment.MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.3% and was on track for a modest weekly gain of 0.8%.Japan’s…
