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It is advisable to verify operating hours with your local branch or consult the RBI’s official holiday calendar. April 2025 bank holidays: Banks across numerous Indian states will be closed on Thursday, April 10, 2025, for Mahavir Jayanti, a revered religious observance of the Jain community. As this holiday does not come under Reserve Bank…

NEW DELHI: After collecting a record Rs 74,000 crore in dividends from central public sector undertakings during the last financial year, govt on Wednesday encouraged private companies to provide fair dividends to their shareholders. It also asserted that it would adjust its disinvestment strategy according to the prevailing market conditions.“While market capitalisation of public sector…

MUMBAI: RBI has moved to tighten oversight of gold-backed lending. In draft guidelines released on April 3, the central bank proposed a uniform cap on the loan-to-value (LTV) ratio for gold loans, limiting it to 75% of the collateral’s worth. For NBFCs, this ceiling will apply uniformly, regardless of whether the loan is for consumption…

NEW DELHI: Amid the ongoing bilateral trade talks with the US, India on Wednesday opted to remain an observer as China led the charge against the Trump administration over reciprocal tariffs, calling it bullying and a violation of global trade rules.But India, Mexico and Argentina were among a handful of countries that did not make…

Oil prices climbed on Wednesday, bouncing back from four-year lows earlier in the session, after US President Donald Trump announced he would further increase tariffs on China but pause the tariff increases he announced last week for most other countries. Brent futures were up $1.8, or 3%, to $64.6 a barre – the contracts lost…

MUMBAI: Pratyush Sinha, a former chief vigilance officer and retired IAS officer, has been appointed to lead Sebi’s high-level committee (HLC) focusing on conflict of interest, disclosures and associated matters concerning the regulatory body’s members and officials. The other members of the committee include Injeti Srinivas, Uday Kotak, G Mahalingam, Sarit Jafa, and R Narayanaswamy,…

LONDON/ DELHI: Finance minister Nirmala Sitharaman said on Wednesday that the govt is focusing on ensuring that domestic demand stayed strong to maintain the underlying strength of the Indian economy. Her comments come amid fears that US tariffs would cause global slowdown, which also prompted RBI to lower the forecast for the current fiscal year….

Piyush Goyal (File photo) Union commerce and industry minister Piyush Goyal confirmed that India is working towards a bilateral trade agreement with the United States as agreed between Prime Minister Narendra Modi and President Donald Trump in February.His remarks came as Trump’s 26% reciprocal tariff on Indian goods came into effect.“We are keeping India’s interests…

Global markets experienced significant declines on Wednesday as the US-China trade war escalated. China retaliated to US tariffs with an announcement of new levies of 84% on US goods, causing US equity futures to fall by 1.7%. European stocks also slumped, losing more than 4%, according to Bloomberg.The selloff continued as the yield on 30-year…

Reciprocal tariffs on China were raised to 125% by Trump. US President Donald Trump on Wednesday a 90-day pause on the rollout of reciprocal tariffs on most countries, with the exception of China. US stock markets reacted positively to the news, showing remarkable gains. The S&P 500 index climbed 5.7% after recovering from a 0.7%…