business

RBI Governor Sanjay Malhotra briefed the Parliamentary Committee on Finance, highlighting the Indian economy’s resilience amidst global challenges. He addressed concerns about the status of Rs 2,000 notes, clarifying they remain legal tender despite being out of circulation. The committee also discussed counterfeit currency and cryptocurrency regulations, with the RBI emphasizing its commitment to curbing…

The rupee edged up to 85.70 against the US dollar, buoyed by optimism surrounding a potential US-India trade agreement, despite domestic equity markets declining. A commerce ministry team is preparing for further negotiations in Washington, aiming to resolve differences in key sectors. India is also advocating for the removal of additional import duties imposed by…

Home insurance is crucial for safeguarding your most valuable asset against unforeseen disasters, both natural and man-made. Despite the relatively low cost of premiums, many Indians fail to adequately protect their homes and belongings.

Tesla’s shareholder meeting is set for November 6, following investor pressure amid concerns about compliance with Texas law. The timing raises questions as Tesla faces a stock decline partly due to Elon Musk’s political alignment and EV market competition. Musk also announced Grok’s integration into Tesla vehicles, despite controversy over the AI chatbot’s inappropriate posts.

US stocks opened cautiously despite Delta Air Lines’ strong earnings report and optimistic outlook, boosting airline shares. The S&P 500, Dow, and Nasdaq all saw slight dips. European markets were mostly positive, while Asian markets showed mixed performance, with Japan’s Nikkei falling due to a stronger yen and trade talk uncertainty.

Gold prices in the national capital surged by Rs 250, settling at Rs 98,670 per 10 grams, fueled by investor interest amid global economic uncertainties. Silver remained steady at Rs 1,04,000 per kilogram. International factors, including US trade policies and a cautious stance from the Federal Reserve, further supported the upward trend in gold prices.

Tata Consultancy Services reported a net profit of Rs 12,760 crore for Q1 FY2025-26, a 6% increase year-over-year, exceeding market expectations. Revenue saw a modest rise of 1.3% to Rs 63,437 crore,. The company declared an interim dividend of Rs 11 per share.

To safeguard users against rising digital payment frauds, the National Payments Corporation of India (NPCI) has issued crucial safety guidelines. These tips emphasize verifying payment details, using trusted apps, and protecting sensitive information like UPI PINs and OTPs. The NPCI advises users to avoid rushed transactions and to closely monitor transaction alerts for any suspicious…

The Ministry of Finance has dismissed media reports suggesting banks were instructed to close inactive Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts, clarifying no such directive exists. Instead, a nationwide campaign has been launched to promote financial inclusion through Jan Dhan accounts and associated schemes.

The government is planning to sell more shares of Life Insurance Corporation (LIC) through an Offer for Sale (OFS). DIPAM will finalize the transaction details, with the government needing to offload a 6.5% stake by May 2027 to meet the 10% public ownership requirement. Currently, the government holds a 96.5% stake in LIC.