1. Business & Economy

Business & Economy

Banks raise $72.8 billion in forex inflows till Aug 21, FCNR(B) deposits reach $65.4 billion: RBI

New Delhi: The Reserve Bank of India (RBI) on Saturday said that authorised dealer banks have raised a massive $72.848 billion in forex inflows till August 21, and a major chuck came from FCNR (B)…

5 FBOs withdraw ‘100 pc’ claims following regulatory intervention: FSSAI

New Delhi: The Food Safety and Standards Authority of India (FSSAI) on Wednesday said that five food business operators (FBOs) have taken corrective action and withdrawn misleading “100 per cent” claims from their products, packaging,…

CPI(M)-backed Islamic Bank depositors in fix as plaints mount; Kerala CM Satheesan promises probe

Kannur: A financial headache is brewing for depositors of a Sharia-compliant cooperative society promoted by CPI(M) leaders in Kannur, with complaints surfacing that depositors have been unable to withdraw their money. Chief Minister V.D. Satheesan…

Tata Sons Chairman N Chandrasekaran resigns ahead of AGM; will not seek reappointment

New Delhi: Tata Sons Chairman N Chandrasekaran has resigned from his position and will not seek re-appointment when his current tenure ends in February 2027, according to a report by NDTV Profit citing sources. The…

Oil PSUs’ losses on LPG sales below market price cross Rs 59,000 crore

New Delhi: The cumulative under-recoveries of the government-owned oil marketing companies — Indian Oil, Bharat Petroleum and Hindustan Petroleum — on the sale of domestic LPG below the market price due to the West Asia…

No charges on UPI transactions for users, limited merchant MDR possible: Govt

New Delhi: The government on Saturday clarified that consumers will not be charged for making payments through the Unified Payments Interface (UPI), while any future merchant discount rate (MDR) will be limited to select transactions…

India faces tariff risk as US Senate passes sweeping Russia sanctions bill

Washington:The US Senate passed a sweeping Russia sanctions bill that does not name India but could expose it and other major buyers of Russian energy to tariffs of up to 100 per cent. Passed by…

RBI projects 5 pc inflation for FY27, seen rising in near term

Mumbai: The Reserve Bank of India (RBI) on Wednesday projected consumer price inflation at 5 per cent for FY27, while expecting it to rise further in the near term. Announcing the Monetary Policy Committee’s (MPC)…

RBI projects GDP growth at 6.7 pc for FY27 as India remains fastest-growing economy

New Delhi: Terming India as the fastest-growing economy amid persistent global uncertainties, the Reserve Bank of India (RBI) on Wednesday projected real GDP growth at 6.7 per cent for FY27, 10 bps higher than its…

RBI holds repo rate at 5.25 pc, maintains neutral instance as global tensions linger

New Delhi:The Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 5.25 per cent, while maintaining the status quo in its latest Monetary Policy Committee (MPC) meeting amid the ongoing geopolitical…

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