Business

Mumbai: Reserve Bank of India  (RBI) Governor Sanjay Malhotra announced Friday that the central bank is introducing the 'bank.in' exclusive Internet Domain for Indian banks to combat increased instances of fraud in digital payments. This initiative aims to reduce cyber security threats and malicious activities...

Mumbai: The RBI under new Governor Sanjay Malhotra Friday cut interest rate for the first time in nearly five years as the central bank pivoted the policy stance to support a shuttering economy. The 25 basis points rate cut to 6.25 per cent comes after...

Mumbai: The Reserve Bank Friday projected the retail inflation at 4.2 per cent for next financial year beginning April while retaining the forecast for 2024-25 at 4.8 per cent. Unveiling the last bi-monthly monetary policy of this fiscal year, RBI Governor Sanjay Malhotra said food...

Mumbai: Rupee plunged 15 paise to its record low level of 87.58 against US dollar Thursday, as the speculation about a potential RBI rate cut in its upcoming monetary policy meeting weighed over the local currency. The local unit has lost over 2 per cent...

Bengaluru: Fugitive businessman Vijay Mallya Wednesday claimed before the Karnataka High Court that the Rs 6,200 crore debt he owes to banks has been recovered ‘multiple times over,’ and sought a statement, detailing the amounts recovered from him, United Breweries Holdings Limited (UBHL, now in...

Bhubaneswar: The 16th Finance Commission headed by chairman Arvind Panagariya visited Puri Wednesday and held meetings with the functionaries of the municipality to address the city's urban challenges and financial requirements. The visit was part of the commission's four-day tour of Odisha, during which it...

Mumbai: Benchmark indices Sensex and Nifty ended lower in a volatile session Wednesday as investors turned cautious ahead of the RBI's monetary policy decision later this week and trade war concerns. The 30-share BSE Sensex declined 312.53 points or 0.40 per cent to settle at...

Mumbai: The rupee plunged 39 paise to close at an all-time low of 87.46 (provisional) against the US dollar on Wednesday, as global trade war concerns fuelled risk aversion among investors. Forex traders said the rupee is trading with a negative bias over global trade...

New Delhi: The Finance Ministry has asked its employees not to use artificial intelligence (AI) tools like ChatGPT and DeepSeek for official work. The advisory, issued recently, warns that these tools could pose risks to confidential government data and documents. "It has been determined that...

Mumbai: Days after the Union Budget, the Reserve Bank of India (RBI) Wednesday started deliberations on the monetary policy amid expectations of a 25 basis-points rate cut, which will be the first in five years, as inflation remains within central bank's comfort zone, though the...