Banking And Finance
RBI net short forward position rises to $200 b
Mumbai: The central bank’s net short forward positions increased to $200 billion in August even as some long positions were added, amid inflows from the special window for FCNR(B) hit…
RBI’s new bulk FD rules from October 1: What changes for investors? Experts explain
The Reserve Bank of India (RBI) is changing the rules governing interest rates on bulk (FDs) from October 1, bringing greater transparency to how banks disclose rates for large deposits.…
Kisan Vikas Patra: Want to transfer, pledge or prematurely close your account? Here’s what the rules say…
A post office investment scheme, the Kisan Vikas Patra (KVP) is a 115-month (9 years and seven months) investment, where you can deposit a lump sum amount to double over…
NPS Swasthya: ₹1 lakh to ₹30 lakh — Check health insurance cover, deductibles the scheme likely provides
The Pension Fund Regulatory and Development Authority’s new health-focused pension product, the NPS Swasthya, is expected to launch in October, as per reports. Speaking to reporters at an event in…
Market
Government cuts windfall tax on diesel, ATF exports; petrol duty unchanged
The government on Wednesday cut the windfall gains tax on the export of diesel and aviation turbine fuel (ATF), while retaining it at the same level for petrol for the…
Indian govt approves procurement of 7.11 lakh tonnes of soybean, moong, and tur at MSP in 3 States
The Indian government has approved procurement of 5.21 lakh tonnes (lt) of pulses and 1.90 lt of oilseeds at their minimum support prices (MSPs) in Uttar Pradesh, Telangana and Karnataka…
Centre allocates 14 lakh tonnes of sugar for sales in Oct 1-15 ahead of Dussehra
The Indian government has announced 14 lakh tonnes (lt) as the sugar quota, including 1 lt to standalone refiners, for sales in the domestic market during the October 1-15 period…
Coca-Cola India IPO on the cards: Bottling unit may file draft papers in December, says report
Coca-Cola Co is considering filing a draft prospectus in December for an initial public offering (IPO) of its Indian bottling unit, people familiar with the matter told Bloomberg. The Atlanta-based…
Market
Bankrupt Fund Founder Weiss Agrees to Auction Art at Sotheby’s
(Bloomberg) — Bankrupt hedge fund founder and prodigious art collector George Weiss has struck a deal with Sotheby’s Inc. to auction more than a dozen pieces in his collection later…
Indian entrepreneurs increasingly eye global residencies, ramp up AI investments: HSBC report
Over 70% of Indian entrepreneurs are considering relocating overseas or securing an additional residency, underlining the increasingly international approach of the country’s wealthy business owners, according to the HSBC Global…
Apple to sell 6 million iPhone Duo units this year as IDC predicts 13% growth in foldable phone sales
Apple plans to sell around 6 million iPhone Duo units this year. Counterpoint Research shared this first sales estimate to Bloomberg. This number suits niche foldable devices, not regular iPhones.…
From ₹10 crore seed funding to 17x sales growth: How a 16-year-old founder sold 1 unit every 2 minutes | Startup story
The beauty and personal care product market in India continues to grow. While it is dominated by legacy players, several India-born brands are now grabbing attention with their innovation and…
Axis
