Global index provider FTSE Russell said it will include India's sovereign bonds in the Emerging Markets Government Bond Index from September 2025, potentially drawing billions of dollars into bonds

Process needs to be done again as company is strengthening its systems

Before taking advantage of a credit subsidy, it is important to check with your bank or lending institution regarding the conditions under which the subsidy may be revoked or reclaimed by the governme

Analysts said that the implementation of the norms will negatively impact the income of these lenders while increasing pre-payment of loans and balance transfers

The finance ministry on Wednesday said more than 34.84 lakh audit reports, including about 34.09 lakh Tax Audit Reports (TARs), have been filed for assessment year 2024-25 on the e-filing portal till October 7. The income tax department had extended the date for filing the audit report from September 30 to October 7. There is an increase in the filing of TARs for the AY 2024-25 by around 4.8 per cent compared to the filings of TARs on the due date for AY 2023-24. «To assist taxpayers, the department conducted extensive outreach programmes through emails, SMSs, webinars, social media campaigns and messages on the Income Tax portal to create and raise awareness among the taxpayers about filing TARs and other audit forms by the due date. Various user awareness videos were uploaded on the Income Tax portal to provide guidance,» the ministry said in a release. It further said that these concerted efforts have been helpful to taxpayers and tax professionals in timely compliance in filing

With new enhancements and existing exclusive features, the Platinum Card now provides a cumulative value of over Rs 450,000 annually including an incremental value of over Rs 1,40,000.

Industrial & logistics sector leads, attracting $1.7 billion in PE investments in Q3 2024

The Groww Gold ETF aims to mirror the local price of physical gold, providing investors with the opportunity to invest in gold bullion with a purity of 99.5%

Mergers and acquisitions (M&A) contributed significantly to the surge, with a 57% increase in volume and 65% in value compared to the previous quarter.

Odisha Deputy Chief Minister Pravati Parida on Tuesday said more than one crore women have registered themselves under the Subhadra Yojana, a financial assistance scheme launched by the BJP government in the state. Prime Minister Narendra Modi had inaugurated the ambitious women-centric scheme on September 17, and on that day, the first instalment of Rs 5,000 was sent directly to the bank accounts of around 25.11 lakh beneficiaries. «Over one crore women have already come forward and registered themselves to get benefits of the Subhadra Yojana, which has created a history in Odisha,» the deputy CM said. Chief Minister Mohan Charan Majhi would release the first instalment to another 35 lakh women on October 9 at Baripada in Mayurbhanj district, said Parida, who is in charge of the Women and Child Development Department. Subhadra Yojana, the financial assistance scheme named after the sister of Lord Jagannath, was one of the major promises made by the BJP for women in its election ..

Financial inclusion lowest in rural and agriculture-dependent areas where food is the main source of income, say deputy governor.

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, fell 0.06 per cent to 96.01

Canara Bank on Friday said it has raised Rs 2,500 crore by issuing Basel-III compliant bonds to a total of 10 allottees.

Gold reserves rose by $475 million to $39.183 billion in the reporting week

Central bank signals that it is no longer willing to continue with its easy money policy

Kamath recognised the great transition done by the banks over the last two years during the pandemic, however, the only issue is about how to compete.

Banks would continue to play a critical role in meeting the needs of corporations

On the emergence of the co-lending model in India, he said it is an essential mechanism which was initially meant for establishing connections with the last mile

Committee meeting kept policy stance accommodative as Jayanth Varma opposed, but the central bank later worked on raising money market rates through VRRR.

'Need to remain vigilant to incipient cost-push pressures to inflation as well as to uncertainty imparted by Omicron. Its implication for inflation, going forward, are two-fold,' says Shaktikanta Das