Govt bond push: Sebi eases compliance rules for G-Sec FPIs, KYC norms and disclosure timelines relaxed
SEBI has approved compliance relaxations for Foreign Portfolio Investors (FPIs) investing exclusively in Indian government securities (G-Secs) to simplify onboarding and improve ease of business. ...
Income Tax Return e-filing: Can you keep switching between new and old tax regime every year? What taxpayers should know
ITR filing FY 2024-25 (AY 2025-26): Taxpayers can choose between the old and new income tax regimes annually, provided they don’t have business income. The ...
Elon Musk’s Starlink faces new rival as Vi joins AST SpaceMobile, smartphone satcom service announced, launch date to be decided later
Vodafone Idea partners with AST SpaceMobile to bring satellite-based mobile services directly to smartphones across India, aiming to expand coverage in unconnected regions. This collaboration ...
US stock market today: Wall Street stays flat ahead of Fed policy call, oil dips on easing fears; global markets trade mixed
Wall Street remained steady as investors awaited the Federal Reserve’s policy decision, while global markets reacted to fluctuating oil prices and trade tensions. Energy markets ...
Crude surge pressures India’s FY25 CAD target, UBI says every $10 rise in oil may widen deficit by $15 billion, FY26 gap seen at 1.2% of GDP
Union Bank of India (UBI) projects India’s current account deficit (CAD) may face pressure in FY25 due to rising global crude prices. A $10 increase ...
US added over 1,000 new millionaires daily in 2024, global net worth rises 4.6% led by financial market rebound, says UBS report
The United States saw a significant increase of over 379,000 millionaires in 2024, contributing nearly 40% of the world’s millionaires. This surge, detailed in UBS’s ...
Important update for UPS subscribers! Central government employees under Unified Pension Scheme eligible for OPS retirement, death gratuity benefits
Central government employees under the Unified Pension Scheme (UPS) will now receive retirement and death gratuity benefits, previously available under the Old Pension Scheme (OPS). ...
Top banks cut savings account rates after RBI rate cut decision; SBI drops to 2.5%, HDFC and ICICI now at 2.75%
Savings account holders will earn less. State Bank of India, HDFC Bank, and ICICI Bank have reduced interest rates. This follows the Reserve Bank of ...
Currency watch: Rupee slips 13 paise to 86.47 against US dollar, crude prices and Middle East tensions weigh on sentiment
The Indian rupee weakened to 86.47 against the US dollar due to risk-off sentiment, high crude oil prices, and Middle East tensions. Despite a slight ...
India’s GDP growth to exceed 6.5% in FY26, says Icra; rural demand and tax relief seen driving momentum
ICRA projects India’s real GDP growth to exceed 6.5% in FY2025-26, with real GVA growth surpassing 6.3%. Rural demand, tax relief, and lower EMIs are ...
