Central bank had first issued show-cause; latest action follows company's response to the notice
The RBI allowed another window to PAs existing as of March 2020 to apply to the central bank for a license
Profit-booking comes to play, investors dump FMCG, pvt banking stocks
Between October 2021 and September 2022, gold prices rose over 9.5 per cent even as ETF inflows shrunk to a half
Central bank may have sold around $1 billion in Fx market on Thursday
Central bank's MPC has cumulatively increased the repo rate by 190 bps since May
He says that the market valuation premium over emerging market (EM) peers is around 70% versus the long-term average of nearly 40%
Asks these economies to reinstate swap lines with advanced economy central banks
India on Thursday briefed the finance ministers and central bank governors of G-20 countries about its agenda for the next year when it assumes the rotating annual presidency of the grouping. India will take over the G20 Presidency in 2023, including the finance track. The ministers and governors have been briefed about the proposed main priority agendas from the 2023 India Presidency, Indonesian Finance Minister Sri Mulyani Indrawati told reporters during a press conference held here on the sidelines of the annual meetings of the International Monetary Fund and the World Bank. Indonesia currently holds the presidency of G-20 countries. On Thursday Indrawati chaired meetings of finance ministers and central bank governors of G-20 countries, which among others was attended by Union Finance Minister Nirmala Sitharaman and Reserve Bank of India Governor Shaktikanta Das. It is during this meeting and the breakfast meeting hosted by Sitharaman earlier in the day for the finance minister
As major central banks work towards roll-outs of digital currencies, India's largest software exporter TCS on Tuesday announced a solution which will aid in their roll-outs and usage. The Tata Group company has enhanced its blockchain solutions platform Quartz to enable central and commercial banks to support the entire lifecycle of Central Bank Digital Currency (CBDC) issuance, book-keeping and transactions. The company's president for banking, financial services and insurance products and platforms, Vivekanand Ramgopal told PTI that having the capability was fundamental to TCS, which counts on the BFSI (Banking, Financial Services and Insurance) segment as its largest business vertical. Without giving a size of the opportunity, Ramgopal said having the CBDC solution is "incredibly important" strategically and added that it is already working with multiple stakeholders in the system. The company feels a wholesale CBDC has clear advantages over the retail one and may be the first o
Soaring inflation has spurred the European Central Bank and the Bank of England to do the same, though many economists still accuse all three monetary authorities of being behind the curve
Here is the best of Business Standard's opinion pieces for today
Rates raised from Britain to Indonesia after Fed's Wednesday move; investors price in bigger hikes from ECB; Japan steps in as yen plummets; emerging market currencies under pressure
Fears of uncertain inflation and growth trajectory are keeping markets volatile. Should investors look to invest in Indian markets, or it is a good time to diversify into international markets?
If fiscal policy & monetary policy worked well, next year might prove less painful. But if fiscal policy was not targeted sufficiently, it could become the enemy of monetary policy, fueling inflation
Gold slipped on Wednesday and was on track for its longest run of monthly losses since 2018, pressured by aggressive rate hikes by major central banks across the world
As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food
Asian shares slid on Monday as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields higher
According to stock exchange data, foreigners have invested $6.4 billion in Indian equities since the start of July, after dumping over $27 billion-worth over the previous six months.
The European Central Bank must keep raising interest rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023