MUMBAI: With the rupee under pressure, the RBI has rolled back an earlier move to give exporters more time to bring in export proceeds from Oct 2026. In Jan, the RBI had allowed exporters 15 months from the date of shipment or invoice to realise and repatriate the proceeds from Oct. The Sept amendment retains…
Chief Economic Advisor V Anantha Nageswaran India’s relationship with the US is in an “uneasy equilibrium” as trade disputes between the partners persist, a senior govt official said. “There is this issue of unsettled relationship with the US, starting from the tariff-related issues last year, which are still continuing,” chief economic adviser V Anantha Nageswaran…
Crude prices climbed as prolonged Iran tensions and disrupted Strait of Hormuz flows heightened concerns over Middle East oil supplies and refined-fuel availability. Oil prices fell over 2% as markets weighed growing hopes of a US-Iran truce against fresh concerns over oil supplies from Saudi Arabia. Talk of a possible US ban on diesel exports…
FCNR(B)-deposit boost for re eroded by oil price spike NEW DELHI: RBI on Friday said the Indian economy has performed well despite global headwinds and noted that escalation of West Asia conflict this month has resulted in a sharp increase in oil prices, reigniting fears over a build-up of inflationary pressure and further disruption in…
MUMBAI: Self-listing by stock exchanges is feasible, but the decision remains under the purview of market regulator Sebi, NSE chairperson Srinivas Injeti said Friday. A day after the country’s largest bourse got listed on rival exchange BSE, Injeti pitched for self-listing, saying that things which are not permitted today may be allowed tomorrow amid evolving…
Chief economic adviser V Anantha Nageswaran has flagged three near term headwinds for India’s growth story: unsettled relations with the US, volatile energy prices and the absence of an artificial intelligence (AI) play in the country, weighing down the country’s economic momentum, news agency Reuters reported.Earlier, speaking at the State Bank of India’s Banking and…
The builder claimed that the reference to it paying the stamp duty had been included by mistake. (Image for representative purpose only) You sign an allotment letter for a property which indicates that the stamp duty and registration costs will be borne by the builder. But, at the time of the sale agreement he backtracks….
After the bank failed to return their original property papers, the couple approached the Banking Ombudsman. (Image for representative purpose only) You take a home loan and you repay it in full, but the bank loses the property papers. What do you do and what are your rights?A Delhi-based couple faced precisely this situation. After…
The stock market’s performance of late has been marked less by a sharp collapse and more by a prolonged period of muted returns. On September 26, 2024, Sensex hit a lifetime closing high of 85,836.12. Two years later, on September 25, 2026, the 30-share index closed at 73,895.74, down 13.91% from its highest ever close.Foreign…
The proposed five-day work week would increase working hours from Monday to Friday by 40 minutes to compensate for the additional day off. The Finance Ministry has reportedly dismissed claims that it had agreed to the implementation of a five-day work week for banks, saying there was no such commitment from the ministry.The clarification comes…
