Buisiness

MUMBAI: India’s financial system has become more robust and diverse since 2017, a five-yearly report that is is part of the Financial System Assessment Program conducted jointly by the IMF and the World Bank showed.The IMF recently released the latest India assessment report where it said non-bank lenders are better capitalized, allowing them to weather…

MUMBAI: The Payments Council of India (PCI) which represents digital payments companies has written to Prime Minister Narendra Modi, seeking introduction of merchant discount rate (MDR) on UPI transactions and RuPay debit cards. The industry body has sought an MDR of 0.3% on UPI transactions only for large merchants and a nominal MDR on RuPay…

Ajit Mishra of Religare Broking notes that the market’s renewed strength stems from FII buying. (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Tuesday. While BSE Sensex reclaimed the 78,000 level, Nifty50 was above 23,700. At 9:20 AM, BSE Sensex was trading at 78,226.72, up…

South Korea’s Hyundai has unveiled a massive $20 billion investment in US manufacturing, including a $5 billion steel plant in Louisiana, marking the company’s first steel production facility in the country. The announcement was made on Monday at the White House, alongside US President Donald Trump, Hyundai chairman Euisun Chung, and Louisiana governor Jeff Landry….

Top stocks to buy (AI image) Stock market recommendations: According to Somil Mehta, Head – Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan, RBL Bank and ACC are the top stocks to buy today:RBL Bank – Buy in the range between Rs 173 & Rs 178; Stoploss: Rs 164; Target: Rs 205RBL Bank has formed…

Mumbai: The rally in the stock market continued Monday with both the sensex and Nifty rising for the sixth consecutive session as foreign funds continued to buy domestic stocks. The BSE index has added 4,155 points, or 5.6%, in the last six sessions to its current close at 77,984 points, while Nifty has added 1,261…

US stock market (Photo-AP) Stocks rose in morning trading (US local time) as Wall Street attempts to navigate uncertainty amid an ongoing trade war. The S&P 500 jumped 1.1%, coming off its first winning week after a four-week losing streak. The Dow Jones Industrial Average rose 0.7%, while the Nasdaq composite gained 1.5%. Wall Street…

FPIs bought Indian equities in three out of five trading sessions last week. (AI image) Indian stock markets have reversed the 2025 losses in the last six trading sessions. While BSE Sensex is marginally down from its December-end closing, Nifty50 has turned positive for the calendar year 2025. Stock market investors’ wealth has risen by…

Small depositors have protection through the DICGC’s (Deposit Insurance and Credit Guarantee Corporation) deposit insurance programme. Are your bank deposits insured if your bank fails? The recent news around IndusInd Bank has raised concerns about the safety of deposits. The Reserve Bank of India (RBI) has been quick to reassure bank customers that their deposits…

Rupee vs Dollar (File photo) The Indian rupee continued its upward momentum for the seventh consecutive session, rising by 31 paise to close at 85.67 (provisional) against the US dollar on Monday. This gain wiped out all of the rupee’s losses for 2025, boosted by positive trends in domestic equity markets, fresh foreign capital inflows,…