Banking And Finance
8th Pay Commission: UP employee unions seek dialogue with commission on pay revision and service conditions
The state employee organisations in Uttar Pradesh are pressing the government to hold a formal meeting to discuss the implementation of the 8th Pay Commission recommendations. The unions want their…
Dearness Allowance: Here’s the formula used to calculate your DA hike, explained
Dearness Allowance was last revised by 2% in April this year, effectively taking the component to 60% of the basic pay for central government employees and pensioners. DA for employees…
Banks seek RBI clarity on leveraged NRI FCNR deposit structures
Mumbai: Several lenders have sought clarity from the (RBI) on whether they can raise FCNR (B) deposits by extending loans to non-residents through their overseas branches, people familiar with the…
RBI mis-selling rules explained: Tricked into buying a financial product? Here’s how you can get your money back
The Reserve Bank of India (RBI) last week introduced new rules to prevent the mis-selling of financial products – such as insurance, mutual funds or loans – by banks and…
Market
Flat opening seen for Indian stocks
The new week is set to begin on positive note for domestic markets amid strong global cues. Gift Nifty at 24,164 signals the market is likely to open flat-to-positive. However,…
India bonds likely to start week on cautious note as US-Iran flip flop continues
Government bonds are likely to begin the new week on a cautious note as focus turned back to oil prices after tension marked the first round of peace talks, with…
Rupee set for boost after Iran flags progress on peace talks
Rupee may inch up on Monday, with oil prices softening after Iran highlighted progress in peace negotiations with the United States. The rupee rose 0.8% last week to settle…
Rupee to track dollar moves, oil outlook; bonds to react on foreign investor activity
Rupee’s direction this week will hinge on whether lower oil prices hold and on the dollar’s trajectory, while government bonds are likely to take cues from the pace of foreign…
Market
Indian deep-tech to see funding surge amid sovereign push: Celesta’s Viswanathan
New Delhi: Indian deep-tech startups in space and artificial intelligence (AI), many of which have struggled to secure funding, are set to attract “hundreds of millions” in investment over the…
Tata Agratas inks $530-million EV battery supply pact with JLR
Agratas, the Tata group’s electric-vehicle battery arm, has signed a seven-year supply agreement worth $530 million (about ₹5,000 crore) with group company Jaguar Land Rover, beginning this fiscal year, according…
SBI looks to monetize home loan pools to boost credit as deposits lag
India’s largest lender, State Bank of India (SBI), is “seriously considering” securitizing part of its home loan portfolio, chairman C.S. Setty said in an interview with Mint, as the bank…
India’s premium RTD story is no longer a metro phenomenon
A bottle of premium Himalayan water in the outskirts of Patna. A Thai coconut jelly drink finding its fastest-growing market in Tier-2 and Tier-3 India. These are no longer isolated…
Axis
