Nestle India board approves hike in royalty payment to parent company
New Delhi, April 5 - The Nestle India Board of Directors has approved a staggered hike of 0.15 per cent per annum in royalty payment to its parent company.
India’s hydropower capacity poised to post 50% jump by 2031-32
New Delhi, April 15 - Hydroelectric power projects with an aggregate capacity of 15 GW are under construction in the country, which will increase the hydro capacity by more than 50 per cent from 42 GW to 67 GW by 2031-32, the Ministry
India’s forex reserves surge to lifetime high of $645.58 bn
Mumbai, April 5 - India's foreign exchange reserves rose for a sixth consecutive week to hit a historic high of $645.58 billion for the week ended March 29, according to RBI data released on Friday.
India okays export of essential goods to help Maldives despite soured ties
New Delhi, April 5 - India on Friday allowed limited exports of essential goods including sugar, wheat, rice, onions and eggs to the Maldives as a goodwill gesture amid soured ties with the neighbouring country which has suddenly shown a marked tilt towards
Nifty closes flat after RBI keeps repo rate unchanged
Mumbai, April 5 - The Nifty recovered from intraday lower levels to close flat on Friday after the RBI kept the repo rate unchanged at 6.5 per cent for the seventh consecutive time, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal
RBI chief says banks, NBFCs in robust health but must stay alert
Mumbai, April 5 - RBI Governor Shaktikanta Das said on Friday that the latest data as at end-December 2023 shows that the key indicators of capital and asset quality of scheduled commercial banks continued to be healthy, and financial indicators of non-banking financial
RBI sees price of India’s crude oil imports at $85 a barrel in 2024-25
Mumbai, April 5 - The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel going ahead amid geopolitical tensions which have “imparted significant uncertainty” to the outlook.
Range-bound rupee most stable among major currencies: RBI Governor
Mumbai, April 5, - The Indian rupee (INR) has remained largely range-bound as compared to both its emerging market peers and a few advanced economies during 2023-24 and was the most stable among major currencies during this period, RBI Governor Shaktikanta Das said
RBI allows cash deposits in CDMs via UPI
Mumbai, April 5 - The RBI has decided to allow bank customers to deposit money in Cash Deposit Machines (CDMs) through UPI as part of its policy to enhance convenience in carrying out transactions.
RBI to review liquidity coverage ratio norms for banks
Mumbai, April 5 - The RBI has decided to undertake a comprehensive review of the liquidity coverage ratio (LCR) framework for banks to prevent a situation where a sudden withdrawal of money by a very large number of customers from their accounts could
RBI okays use of 3rd party UPI apps for payments from PPI wallets
Mumbai, April 5 - The RBI has decided to permit the use of third-party UPI apps for making UPI payments from PPI wallets to further enhance customer convenience and boost adoption of digital payments for small value transactions, RBI Governor Shaktikanta Das said
RBI to launch new NRI scheme for Sovereign Green Bonds in IFSC
Mumbai, April 5 - With a view to facilitating wider non-resident participation in Sovereign Green Bonds, a scheme for investment and trading in these Bonds in the IFSC will be notified shortly, RBI Governor Shaktikanta Das announced on Friday.
RBI projects GDP growth at 7 pc for 2024-25, retail inflation seen at 4.5 pc
Mumbai, April 5 - India's GDP growth for 2024-25 is projected at 7 per cent while the forecast for inflation for the year has been retained at 4.5 per cent, RBI Governor Shaktikanta Das said on Friday.
RBI leaves key repo rate unchanged, focus on keeping inflation in check
Mumbai, April 4 - The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in its monetary policy review for the seventh consecutive time, with the aim of keeping inflation in check and ensuring that
RBI retains repo rate at 6.5 pc
Chennai, April 5 - Not belying the expectations of senior economists, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) retained the repo rate at 6.50 per cent.
HDFC Bank’s ADR jumps over 6 pc post business performance update
New Delhi, April 4 - HDFC Bank's ADR jumped by more than 6 per cent on Thursday after the private lender announced its business performance for the fourth quarter.
Income Tax Dept throws open e-portal for filing ITRs
New Delhi, April 4 - Central Board of Direct Taxes (CBDT) on Thursday said that has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024-25 (relevant to Financial Year 2023-24) from 1st April, 2024 onwards.
RBI issues clarification on currency derivatives circular, defers implementation to May 3
Mumbai, April 4 - The RBI on Thursday issued a clarification on its exchange traded currency derivatives (ETCD) circular and has decided that these directions will now come into effect from May 3, 2024, instead of April 5 as was announced earlier.
Hero MotoCorp gets Income Tax Dept notice to pay up Rs 605 crore
New Delhi, April 4 - Auto giant Hero MotoCorp on Thursday said it has received a notice from the Income Tax Department to pay up Rs 605 crore as tax and interest for six assessment years.
Gold to remain in spotlight as many countries go to polls this year
New Delhi, April 4 - From the beginning of 2024, gold has been on a strong footing having risen by 6 per cent as against the broader equity market says Naveen KR, smallcase Manager & Senior Director, Windmill Capital.