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April 17, 2025 10:01 PM
The Reserve Bank of India (RBI) and Financial Intelligence Unit-India (FIU-IND) today signed a Memorandum of Understanding (MoU) as part of continued coordinated efforts in effective implementation of requirements of the Prevention of Money Laundering Act and Rules framed under it. The MoU was signe...
April 17, 2025 8:59 PM
The Reserve Bank of India (RBI) today said it has imposed penalties on Kotak Mahindra Bank, IDFC First Bank, and Punjab National Bank for certain deficiencies in regulatory compliance. The RBI, in a statement, said a penalty of Rs 61.4 lakh has been imposed on Kotak Mahindra Bank for non-comp...
April 17, 2025 7:37 PM
Union Finance Minister Nirmala Sitharaman today lauded the Bombay Stock Exchange’s (BSE) technological advancements and its vital role in India’s economic development. The Bombay Stock Exchange (BSE), Asia’s oldest stock exchange, marked a historic milestone as it celebrated its 150th annivers...
April 17, 2025 1:40 PM
India is expected to remain the fastest-growing major economy with a 6.5 per cent growth rate in 2025 while global growth is seen as marking a shift towards a recessionary path, according to the latest UN Trade and Development (UNCTAD) report. India has been listed among the countries that are pro...
April 17, 2025 10:59 AM
Markets opened on a slightly lower note today, following an upward trend throughout the week. The Sensex started with a dip of 76 points, while the Nifty also declined, opening at 23,401. The markets continued to slide shortly after opening, with the Sensex trading marginally down at 77,024 and th...
April 17, 2025 9:58 AM
US stocks fell sharply last night, hit by a double blow from Nvidia’s China-related warning and Federal Reserve Chair Jerome Powell’s caution over the economic impact of tariffs. The Nasdaq Composite sank 3.07 per cent, edging closer to bear market territory. The S&P 500 slid 2.24 percent,...
April 17, 2025 7:44 AM
The World Trade Organization (WTO) has released its Trade Forecast for 2025 and 2026. The report has predicted that global trade will fall this year as a result of tariffs by United States President Donald Trump. WTO Director General Ngozi Okonjo-Iweala said in a statement that China-US decoupling i...
April 16, 2025 7:22 PM
Retail inflation has dropped to 4.6 per cent in the fiscal year 2024-25, which is the lowest in six years since 2018. The Ministry of Finance, in a statement, said that as measured by the Consumer Price Index (CPI), the year-on-year inflation rate for March 2025 dropped to 3.34 per cent. This ...
April 16, 2025 6:25 PM
Global gold prices surpassed the 3,300 dollar mark for the first time today, as investors sought safe-haven assets after US President Donald Trump ordered a probe into potential new tariffs on US critical mineral imports. Spot gold price in international markets was up 2.4 percent to 3,311 an ounce...
April 16, 2025 11:13 AM
The domestic benchmark indices opened flat today amid weak global cues, as selling was seen in the IT and auto sectors in the early trade. The 30-share index at the Bombay Stock Exchange, Sensex, declined 165 points to open at 76,570. The National Stock Exchange Nifty-50 dipped 52 points to trade at...
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