The Reserve Bank of India (RBI) has released a comprehensive revision to its Priority Sector Lending (PSL) guidelines, with changes set to take effect from April 1, 2025. These new measures are aimed at refining the allocation of bank credit to economically and socially significant sectors of the Indian economy. According to the central bank, …
In recent weeks, speculation around a possible change in the retirement age for central government employees resurfaced, sparking discussions across departments and public forums. However, the Ministry of Personnel has put all doubts to rest with an official clarification during a parliamentary session. No Change in Retirement Age, Says Government Union Minister Jitendra Singh, while …
The Securities and Exchange Board of India (SEBI), in its 209th board meeting held in Mumbai on March 24, 2025, approved several critical regulatory measures aimed at strengthening governance, improving transparency, and facilitating ease of doing business across various segments of the capital market ecosystem. The decisions span across Foreign Portfolio Investors (FPIs), Alternative Investment …
In a startling revelation that has gripped Mumbai’s financial and legal circles, the Economic Offences Wing (EOW) is investigating a complex embezzlement case involving the New India Co-operative Bank. The case revolves around the alleged misappropriation of ₹122 crore from the bank’s vaults and a series of fraudulent investments that followed. The latest arrest has …
The Indian Rupee (INR) weakened on Tuesday after strengthening for nine consecutive sessions, despite continued US Dollar (USD) sales from foreign banks and a resurgence in foreign inflows. The USD/INR exchange rate edged higher to 85.71, reflecting a 0.17% gain at 1:25 PM, as of March 25, 2025. The pair traded within a range of …
The 11th round of commercial coal mine auctions has concluded successfully, with strong industry participation highlighting continued interest in India’s coal sector. A total of 12 coal mines were auctioned, achieving an impressive average revenue share of 36.27%, as per the data from the ministry. These mines are expected to generate an annual revenue of …
India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), has relaxed regulations for foreign investors, alternative investment funds (AIFs), and registered investment advisors (RIAs) in response to the growing trading volumes in the cash equity market. Change in AIF Regulation The regulator has eased the rules for Category II AIFs, allowing them …
The Indian stock market saw a strong rally today, with the Sensex surging 1,078.87 points (1.40%) to close at 77,984.38, reflecting positive sentiment among investors. Similarly, the NIFTY 50 ended the session at 23,658.35, gaining 307.95 points (1.32%). Top Gainers and Losers Kotak Mahindra Bank closed at ₹2,180 after reaching a high of ₹2,184.25 and a …
March has proven to be a blockbuster month for Indian equity markets! After a 5-month dry spell, India’s market cap has bounced back sharply, rising 9.4% in dollar terms, marking the biggest monthly gain since May 2021. With this rally, India has surged ahead of other major global markets to secure the top spot among …
To protect domestic industries from the influx of cheap imports, India has imposed anti-dumping duties on 5Chinese products, including vacuum flasks and aluminium foil. These levies, based on the Directorate General of Trade Remedies’ (DGTR) recommendations, aim to ensure fair competition and safeguard local manufacturers. Anti-Dumping Measures and Their Scope The Central Board of Indirect …
