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Above-normal monsoon rains to further ease food prices: Finance Ministry report

This comes even as high food inflation remains a challenge in several major economies across the world and the Reserve Bank of India (RBI) sees food price uncertainties weighing on the inflation outlook, it noted.

India , Production-linked-incentive , India-european-free-trade-agreement , Finance-ministry , Eserve-bank-of-india , Ood-prices , Ndia-meteorological-department-imd- , Ndian-express-business , Usiness-news , Usiness-articles , Usiness-news-stories

Kotak Mahindra shares plummet 10.85% after RBI action

While the bank reassured to its existing customers of uninterrupted services, including credit card, mobile and net banking, the market took the RBI action seriously.

Siddarth-bhamre , Shivaji-thapliyal , Kotak-mahindra-bank , Asitc-mehta-investment-interrmediates-ltd , Head-of-research , Barring-kotak-mahindra-bank , Information-security-governance , Asitc-mehta-investment-interrmediates , Lead-analyst , Kotak-mahindra-bank-shares , Eserve-bank-of-india , Otak-mahindra-bank

India needs 3 strong telecom companies: SBI Chairman Khara

Vodafone raised Rs 18,000 crore from the market earlier this week. The sector continues to flourish and continues to be the backbone of digitalisation, he said.

India , Aditya-birla , Kumar-mangalam-birla , Vodafone-group , Vodafone , Aditya-birla-group , Chairman-kumar-mangalam-birla , Vodafone-idea , State-bank-of-india , Bi-chairman-khara , Inesh-kumar-khara , Odafone-idea-fpo-listing

Payment frauds rise by 70.64% to Rs 2,604 crore in October-March period

The volume of frauds also rose to 15.51 lakh during the March 2024 period from 11.5 lakh in the previous six-month period, RBI data shows.

Central-payments-fraud-information-registry , Reserve-bank , Payment-frauds , Eserve-bank-of-india , Omestic-payment-frauds , Ndian-express-business , Usiness-news , Usiness-articles , Usiness-news-stories ,

Target is to achieve $1 trillion goods exports by 2030: Trade Ministry

EU lawmakers backed the Corporate Sustainability Due Diligence Directive (CSDDD) by 374 votes to 235 against, with 19 abstentions, Reuters reported.

India , Anant-swarup , European-union , Asian-development-bank , Director-general , Directorate-general , Foreign-trade , Trade-ministry , Oods-exports , Ommerce-ministry-infrastructure-needs , Otential-sectors , Erchandise-exports

Illegal forex trading: RBI cautions banks, customers

Asks banks to report such trading to Enforcement Directorate



India , Enforcement-directorate , Authorised-person , Alert-list- , Press-releases , Rbi-cautions-banks , Llegal-forex-trading , Eserve-bank-of-india , Anking-and-finance , Ndian-express-business , Usiness-news

RBI bars Kotak Bank from online onboarding of customers, issuing fresh credit cards

The RBI said its decision was based on significant concerns arising out of its IT examination of the bank for 2022 and 2023, and the bank’s continued failure to address these concerns in a comprehensive and timely manner.

Baroda , Gujarat , India , Core-banking-system , Banking-regulation-act , Rbi , Bi-bars-kotak-bank , Otak-bank , Eserve-bank-of-india , Otak-mahindra-bank , Ndian-express-business

HUL Q4 net drops 5.72%; hopeful of monsoon-led demand revival

The board has recommended a final dividend of Rs 24 for the financial year ended March 2024 on equity shares of Re one each. It had earlier paid an interim dividend of Rs 18 per share.

Anuradha-razdan , Rohit-jawa , Management-committee-as , Unilever , Organization-development , Managing-director , Surf-excel , Executive-director , Human-resources , Chief-people , Sustainability-officer , Whole-time-director

Saurabh Garg assigned additional charge of MoSPI Secretary

In an order last week, the Department of Personnel and Training assigned additional charge of MoSPI Secretary to Garg, who currently holds the charge of Secretary, Department of Social Justice & Empowerment.

India , National-statistical-commission , India-department-of-statistics , Consumption-expenditure-survey-periodic-labour-force , National-statistical-office , Chief-statistician , Reserve-bank , Information-management , National-statistical , Annual-survey , Saurabh-garg

Developers double down on premium housing as affordable launches stagnate

With dwindling inventory levels, the scales appear tilted towards the premium end of the market

Chennai , Tamil-nadu , India , Mumbai , Maharashtra , Delhi , Hyderabad , Andhra-pradesh , Bangalore , Karnataka , Rohan-sharma , Anarock-research