The rupee extended its gains for a second straight session on Friday, closing 7 paise higher at 94.33 against the US dollar as optimism around India-US trade negotiations supported sentiment, though a stronger dollar and lingering geopolitical uncertainties capped gains.The local currency opened at 94.30 against the greenback and traded in a range of 94.20-94.52…
Private sector banks led a broad-based deterioration in data reporting quality in the March 2026 quarter, as the latest round of the Supervisory Data Quality Index (sDQI) showed a marked decline in their scores compared with the previous quarter.The sDQI, a quarterly metric compiled by the Reserve Bank of India, tracks the quality of regulatory…
Maharashtra Chief Minister Devendra Fadnavis shakes hands with Emirates NBD Vice Chairman and Managing Director, Non-Independent Non-Executive Director, Hesham Abdulla Qassim Al Qassim MUMBAI: Emirates NBD’s Rs 26,015 crore purchase of a 60% stake in RBL Bank marks more than the largest banking cross-border deal; it signals how the India-UAE economic relationship is shifting from…
Net direct tax collections rose 14.64% to over Rs 5.21 lakh crore as of June 17 in the current financial year, driven by robust advance tax payments from companies and higher securities transaction tax (STT) collections, according to government data released on Thursday, as reported PTI.The growth keeps the Centre on track to meet its…
Accenture’s shares tumbled more than 14% on Thursday after the IT consulting giant flagged the impact of the Iran war on its business, cut its annual growth outlook. Accenture’s shares tumbled more than 14% on Thursday after the IT consulting giant flagged the impact of the Iran war on its business, cut its annual growth…
US stocks rebounded on Thursday, recovering much of the previous session’s losses as falling oil prices and easing Treasury yields lifted investor sentiment. US stocks rebounded on Thursday, recovering much of the previous session’s losses as falling oil prices and easing Treasury yields lifted investor sentiment following the US-Iran agreement to end hostilities and reopen…
The BSE Sensex rose 254.36 points, or 0.33%, to settle at 77,409.98, while the NSE Nifty50 gained 82.30 points, or 0.34%, to close at 24,168. Benchmark equity indices Sensex and Nifty closed higher for the fifth straight session on Thursday, supported by easing crude oil prices and optimism surrounding the US-Iran peace deal.The BSE Sensex…
The National Stock Exchange of India has officially set the stage for one of the biggest market events in the country’s history, filing its draft red herring prospectus (DRHP) for an initial public offering (IPO) of up to 148,905,525 equity shares. The issue, valued at an estimated Rs 30,000 crore, is poised to become the…
The National Stock Exchange (NSE) has flagged a wide range of risks to its business from regulatory changes and technology failures to cyberattacks and artificial intelligence-related challenges in its draft IPO papers, while highlighting its heavy dependence on derivatives trading for revenue, PTI reported.The disclosures, made in the draft red herring prospectus (DRHP) filed with…
India is reportedly in talks with multilateral lenders to secure around $2.5 billion through existing credit lines. The move comes as New Delhi explores fresh sources of capital after the Middle East conflict has affected the government’s ability to increase spending.The World Bank and the Asian Development Bank (ADB) are discussing loans worth $1.5 billion…