RBI Revises Norms for Bank Relief in Calamity-Hit Areas
RBI allows banks to extend relief measures to borrowers in calamity-hit areas without individual requests, effective July 1, 2026.
Category : Banking
Oil Firms Lose Rs 18/L on Diesel, Rs 14 on Petrol: ICRA
ICRA reports that oil marketing companies are facing losses of Rs 18 per litre on diesel and Rs 14 per litre on petrol due to high crude prices and unchanged retail rates.
Dhan Launches Gold Vaults for Retail Bullion Storage
Dhan introduces secure gold vaults for retail investors, offering insured storage and easy access to bullion, aiming to boost gold investment in India.
Sensex Nifty Rebound Nearly 1% on FMCG Auto Gains
Indian equity benchmarks Sensex and Nifty rebounded nearly 1% on Tuesday, driven by gains in FMCG and auto stocks, recovering from previous session's losses.
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Rupee Hits All-Time Closing Low of 94.86 Against USD
The Indian rupee settled at an all-time closing low of 94.86 against the US dollar on Tuesday, pressured by strong dollar demand from importers and foreign fund outflows.
Stock Markets Rebound: Sensex Surges 500 Points in Early Trade
Indian stock markets rebounded sharply in early trade on Tuesday, with the Sensex surging over 500 points and Nifty above 17,400, driven by buying in IT and banking stocks.
Bandhan Bank Shares Surge 10% on 686% Profit Jump
Bandhan Bank shares surged over 10% after reporting a 686% YoY rise in Q4 net profit to Rs 534 crore, driven by lower provisions and improved asset quality.
Market Opens Flat; Maruti Shares in Focus
Indian stock markets opened on a flat note on April 29, with Sensex and Nifty trading marginally lower. GIFT Nifty and US markets also showed mixed trends. Maruti Suzuki shares remain in focus amid recent developments.
Peak XV Fully Exits MobiKwik, Sells 7.7% Stake for Rs 130 Crore
Peak XV Partners sold its entire 7.7% stake in fintech MobiKwik through block deals worth over Rs 130 crore at Rs 214 per share, a 5% discount to the market price.
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Rupee hits 94.57, closes at 94.54; Sensex, Nifty fall
The rupee touched a low of 94.57 per dollar on Tuesday, its weakest since March 30, before closing at 94.54. Sensex fell 0.5% to 76,887 and Nifty declined 0.4% to 23,995, pressured by higher crude oil prices and RBI's credit-loss guidelines.
Airtel Africa's Mobile Money IPO Could Raise Up to $2B
Airtel Africa's IPO of its mobile money business, Airtel Money, may raise between $1.5 billion and $2 billion, with London as the likely listing venue, valuing the unit at up to $10 billion.
NMC Faces Rs 259 Crore Property Tax Default Crisis
Over 28,000 property owners in Nagpur have never paid property tax, leading to cumulative dues of Rs 259.48 crore, exposing systemic failures in assessment and recovery.
Centre Revives IDBI Bank Stake Sale, Fresh Valuation
The government has revived the strategic sale of its and LIC's stake in IDBI Bank after bids were rejected. A fresh valuation is being undertaken, and officials are deciding whether to limit the process to existing bidders or start anew.
Nagpur Cooperative Society Barred from Accepting Deposits
The Central Registrar of Cooperative Societies has barred Nirmal Ujjwal Credit Cooperative Society from accepting deposits due to financial impropriety and fund diversion found in a police investigation.
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MSMEs urge RBI to stop CIBIL cut for one-day delay
Micro and small industries in Coimbatore urge RBI to stop banks from reducing CIBIL scores for one-day loan delays, citing financial stress from rising costs and global crisis.
Rs 1.6 Lakh Stolen from Gurgaon Sweet Shop by New Employee
A sweet shop in Pataudi, Gurgaon, was robbed of Rs 1.6 lakh by a recently hired employee. CCTV footage revealed the theft, leading to an FIR and a police search for the absconding suspect.
Court Orders Attachment of Oriental Insurance Office Over Default
A Sasaram court ordered attachment of Oriental Insurance's local office and freezing of its bank account up to Rs 40 lakh for failing to pay compensation despite court orders.
73 Illicit Liquor Bottles Seized at Courier Godown in Gurgaon
Gurgaon police seized 73 bottles of illicit liquor hidden in electric item boxes at a courier godown. A case under the Excise Act has been registered.
PAN Mandatory for Gold Over Rs 2 Lakh Under New Tax Rules
From April 1, Form 60 is replaced by Form 97, but PAN remains compulsory for high-value purchases like gold jewellery above Rs 2 lakh, demat accounts, and more.
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Milkfed Punjab Increases Milk Procurement Price for Farmers
Milkfed Punjab announces a hike in milk procurement price to support farmers, with details on new rates and effective dates.
Star Health Q4 Net Profit Jumps to Rs 111 Cr
Star Health Insurance reported a net profit of Rs 111.34 crore in Q4 FY26, up from Rs 0.51 crore a year ago, driven by better claims experience and strong premium growth.
RBI Launches Mission SAKSHAM for Urban Cooperative Banks
RBI unveils Mission SAKSHAM, a nationwide capacity-building initiative for urban cooperative banks, aiming to train 1.40 lakh participants through in-person and e-learning modules.
RBI Launches Mission Saksham for Urban Co-operative Banks
The Reserve Bank of India has unveiled Mission Saksham, a comprehensive initiative to bolster the urban co-operative banking sector through enhanced governance and financial stability.
Indian Overseas Bank clarifies on Odisha man's exhumation incident
Indian Overseas Bank refutes claims of misconduct after a man exhumed his sister's remains to withdraw money, stating proper procedures were followed.
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Ghaziabad Stamp Dept Collects Rs 2,963 Crore in 2025-26
Ghaziabad's stamp and registration department collected Rs 2,963 crore in 2025-26, achieving 86% of its Rs 3,480 crore target, with key contributions from Modinagar and Loni SROs.
Major Airlines Seek ATF Price Relief, Warn of Operations Halt
Air India, IndiGo, and SpiceJet have urged the government for ATF price relief, warning that the airline industry is on the verge of stopping operations due to soaring fuel costs.
Psychology of Borrowing: Smart Credit Use Without Debt Traps
Explore the psychology behind borrowing and learn how smart consumers use credit wisely to avoid debt traps. Discover practical tips for financial health.
Sensex, Nifty End Lower on FII Outflows and High Oil Prices
Indian equity benchmarks Sensex and Nifty closed in the red on Tuesday, dragged by persistent selling by foreign institutional investors and elevated crude oil prices. The Sensex fell 250 points to 65,000, while Nifty slipped below 19,500.
ED Attaches Rs 3,000 Crore RCom Assets in Bank Fraud
The Enforcement Directorate has attached assets worth Rs 3,000 crore of Reliance Communications in connection with a bank fraud case involving multiple lenders.
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Indian Airlines Seek Govt Help as ATF Price Hike Threatens Ops
Air India, IndiGo, and SpiceJet have urged the government to revise ATF pricing and provide financial support, warning the airline industry is under extreme stress and close to stopping operations.
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