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RBL Bank and Bajaj Finance Ltd. have mutually decided to stop issuing new co-branded credit cards following discussions that have taken place over the past month. While the change will not affect RBL Bank’s overall credit card business, it marks the end of a significant partnership that previously accounted for a large portion of RBL Bank’s card issuances. As of September 2023, Bajaj Finserv co-branded cards represented 41% of RBL Bank’s total credit card issuances.
RBL Bank and Bajaj Finance Ltd. have mutually decided to stop issuing new co-branded credit cards following discussions that have taken place over the past month. While the change will not affect RBL Bank’s overall credit card business, it marks the end of a significant partnership that previously accounted for a large portion of RBL Bank’s card issuances. As of September 2023, Bajaj Finserv co-branded cards represented 41% of RBL Bank’s total credit card issuances.
The Indian Ministry of External Affairs (MEA) has clarified that the government has not received any communication from the United States regarding the Adani Group. In its weekly briefing, MEA spokesperson Randhir Jaiswal rejected media reports about the US summoning Adani Group Chairman Gautam Adani and other executives. He emphasized that the issue is a private legal matter involving individuals and the US Department of Justice, with no prior notification sent to the Indian government.
The Indian Ministry of External Affairs (MEA) has clarified that the government has not received any communication from the United States regarding the Adani Group. In its weekly briefing, MEA spokesperson Randhir Jaiswal rejected media reports about the US summoning Adani Group Chairman Gautam Adani and other executives. He emphasized that the issue is a private legal matter involving individuals and the US Department of Justice, with no prior notification sent to the Indian government.
A recent survey by global real estate services firm JLL reveals that Indian organisations require more office attendance compared to the global average. According to the Future of Work Survey 2024 – India Insights, 90% of Indian employers mandate at least three days of office presence per week, which is higher than the global average of 85%. Moreover, over half (54%) of Indian organisations anticipate an increase in the number of office days by 2030, surpassing the global expec
A recent survey by global real estate services firm JLL reveals that Indian organisations require more office attendance compared to the global average. According to the Future of Work Survey 2024 – India Insights, 90% of Indian employers mandate at least three days of office presence per week, which is higher than the global average of 85%. Moreover, over half (54%) of Indian organisations anticipate an increase in the number of office days by 2030, surpassing the global expec
Gold prices stood at Rs 76,140 as of 7:00 a.m., according to the India Bullion Association, marking a slight recovery of Rs 720 from the previous day's decline. November has seen significant volatility in gold prices, with a sharp drop following the festive season, followed by a rebound driven by geopolitical conflicts.
The price chart for gold has been fluctuating throughout November. Initially, demand during the festive season led to a rally, pushing prices to Rs 81,500. Howev
Gold prices stood at Rs 76,140 as of 7:00 a.m., according to the India Bullion Association, marking a slight recovery of Rs 720 from the previous day's decline. November has seen significant volatility in gold prices, with a sharp drop following the festive season, followed by a rebound driven by geopolitical conflicts.
The price chart for gold has been fluctuating throughout November. Initially, demand during the festive season led to a rally, pushing prices to Rs 81,500. Howev
The Indian rupee opened flat at 84.24 against the US dollar on Thursday, following a slight dip of 11 paise to close at 84.45 on Wednesday. On Tuesday, it had closed at 84.34. The minor decline reflects the ongoing volatility in the foreign exchange market. The rupee had also opened weaker by 5 paise at 84.39 on Wednesday morning.
Analysts predict that the rupee's range for the day will likely stay between 84.30 and 84.50. Anil Kumar Bhansali, head of treasury and executive dire
The Indian rupee opened flat at 84.24 against the US dollar on Thursday, following a slight dip of 11 paise to close at 84.45 on Wednesday. On Tuesday, it had closed at 84.34. The minor decline reflects the ongoing volatility in the foreign exchange market. The rupee had also opened weaker by 5 paise at 84.39 on Wednesday morning.
Analysts predict that the rupee's range for the day will likely stay between 84.30 and 84.50. Anil Kumar Bhansali, head of treasury and executive dire
Norwegian diplomat and former UN Environment Programme Executive Director Erik Solheim has strongly criticized the US government's recent report regarding the Adani Group, calling it a case of "American overreach." The report alleges that certain individuals linked to the Adani Group discussed bribes to secure solar energy contracts in India, but Solheim pointed out that the allegations lack evidence of actual bribe payments or involvement from the Adani Group’s top leader
Norwegian diplomat and former UN Environment Programme Executive Director Erik Solheim has strongly criticized the US government's recent report regarding the Adani Group, calling it a case of "American overreach." The report alleges that certain individuals linked to the Adani Group discussed bribes to secure solar energy contracts in India, but Solheim pointed out that the allegations lack evidence of actual bribe payments or involvement from the Adani Group’s top leader
The Adani Group has responded strongly to recent media reports alleging bribery and corruption charges against its top executives, including Chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain. According to the group's statement, neither Gautam Adani, Sagar Adani, nor Vneet Jaain have been charged with any violation of the US Foreign Corrupt Practices Act (FCPA), as claimed in recent news articles.
The US Department of Justice (DOJ) indictment contain
The Adani Group has responded strongly to recent media reports alleging bribery and corruption charges against its top executives, including Chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain. According to the group's statement, neither Gautam Adani, Sagar Adani, nor Vneet Jaain have been charged with any violation of the US Foreign Corrupt Practices Act (FCPA), as claimed in recent news articles.
The US Department of Justice (DOJ) indictment contain
Gold prices have dropped to Rs 75,420 as of 7:00 a.m. today, according to the India Bullion Association. This marks a decline after gold reached a high of Rs 78,000 on November 23. The yellow metal has experienced significant price volatility, largely driven by global market factors such as the US election results and geopolitical conflicts, which have directly impacted gold rates worldwide.
After a brief rally during the festive season, which saw gold prices climb to Rs 81,500 in N
Gold prices have dropped to Rs 75,420 as of 7:00 a.m. today, according to the India Bullion Association. This marks a decline after gold reached a high of Rs 78,000 on November 23. The yellow metal has experienced significant price volatility, largely driven by global market factors such as the US election results and geopolitical conflicts, which have directly impacted gold rates worldwide.
After a brief rally during the festive season, which saw gold prices climb to Rs 81,500 in N
The Indian rupee opened at 84.39 against the US dollar on Wednesday, weakening by 5 paise from its previous close of 84.34. This follows a series of declines, with the rupee slipping by six paise on Tuesday. While the rupee had shown a slight recovery on Monday, gaining 17 paise, the currency continues to face downward pressure due to persistent demand for the US dollar and global uncertainties.
Analysts had predicted a weaker outlook for the rupee, especially after a brief period o
The Indian rupee opened at 84.39 against the US dollar on Wednesday, weakening by 5 paise from its previous close of 84.34. This follows a series of declines, with the rupee slipping by six paise on Tuesday. While the rupee had shown a slight recovery on Monday, gaining 17 paise, the currency continues to face downward pressure due to persistent demand for the US dollar and global uncertainties.
Analysts had predicted a weaker outlook for the rupee, especially after a brief period o
Bitcoin recently saw its longest losing streak since the 2016 US election, as its attempt to break the $100,000 price barrier failed, cooling the initial speculative fervor sparked by Donald Trump’s embrace of cryptocurrencies. The digital asset dropped about 6% over three days, bringing its value to $94,000 by Tuesday morning in London. This was part of a broader cooling in the crypto market, which had surged by $1 trillion since Election Day, but struggled to maintain momentum.
Bitcoin recently saw its longest losing streak since the 2016 US election, as its attempt to break the $100,000 price barrier failed, cooling the initial speculative fervor sparked by Donald Trump’s embrace of cryptocurrencies. The digital asset dropped about 6% over three days, bringing its value to $94,000 by Tuesday morning in London. This was part of a broader cooling in the crypto market, which had surged by $1 trillion since Election Day, but struggled to maintain momentum.
The Reserve Bank of India (RBI) has cancelled the registration certificates of two non-banking financial companies (NBFCs)—Ulhas Securities Pvt. and Sikar Investment Co.. The registration of Ulhas Securities, based in Gandhinagar, Gujarat, was granted in December 2003, while Sikar Investment, based in Bharatpur, Rajasthan, had been registered in March 1998.
The cancellation was carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which allows the RBI to
The Reserve Bank of India (RBI) has cancelled the registration certificates of two non-banking financial companies (NBFCs)—Ulhas Securities Pvt. and Sikar Investment Co.. The registration of Ulhas Securities, based in Gandhinagar, Gujarat, was granted in December 2003, while Sikar Investment, based in Bharatpur, Rajasthan, had been registered in March 1998.
The cancellation was carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which allows the RBI to
The Adani Group reported a record financial performance in the first half of the ongoing financial year and for the trailing twelve months, driven by its growing businesses in infrastructure, energy, and renewables. The group's net exposure to Indian banks stands at $11 billion, with equity now accounting for 63% of its total debt. This marks a reduction in the conglomerate's reliance on debt.
The strong growth in the first half was fueled by Adani Enterprises' solar and
The Adani Group reported a record financial performance in the first half of the ongoing financial year and for the trailing twelve months, driven by its growing businesses in infrastructure, energy, and renewables. The group's net exposure to Indian banks stands at $11 billion, with equity now accounting for 63% of its total debt. This marks a reduction in the conglomerate's reliance on debt.
The strong growth in the first half was fueled by Adani Enterprises' solar and
Indian stock markets saw a strong rally this morning, buoyed by the BJP-led NDA's massive victory in the Maharashtra assembly elections, which is home to Mumbai, the financial capital of India. The BSE Sensex opened at 80,193.47 points and surged by about 1,300 points by 11 am, while the Nifty 50 gained more than 346.30 points to open at 24,253.55 points. This follows a strong session on Friday where both indices saw their best performance since early June.
All 13 major sectors
Indian stock markets saw a strong rally this morning, buoyed by the BJP-led NDA's massive victory in the Maharashtra assembly elections, which is home to Mumbai, the financial capital of India. The BSE Sensex opened at 80,193.47 points and surged by about 1,300 points by 11 am, while the Nifty 50 gained more than 346.30 points to open at 24,253.55 points. This follows a strong session on Friday where both indices saw their best performance since early June.
All 13 major sectors
The initial public offering (IPO) of NTPC Green Energy Ltd., one of the largest IPOs of the year, is attracting strong interest due to its promising long-term growth potential. The state-run NTPC Ltd.'s green energy arm is set to raise Rs 10,000 crore through its IPO, which opens for subscription on November 19, with a price band of Rs 102 to Rs 108 per share.
Analysts are optimistic about the offering, highlighting NTPC Green Energy's solid financial backing from its parent
The initial public offering (IPO) of NTPC Green Energy Ltd., one of the largest IPOs of the year, is attracting strong interest due to its promising long-term growth potential. The state-run NTPC Ltd.'s green energy arm is set to raise Rs 10,000 crore through its IPO, which opens for subscription on November 19, with a price band of Rs 102 to Rs 108 per share.
Analysts are optimistic about the offering, highlighting NTPC Green Energy's solid financial backing from its parent
Hero MotoCorp, one of the largest two-wheeler manufacturers in India, has announced plans to enter the electric motorcycle market, making it the second legacy brand to do so. The company, known for its popular Splendor model, has already established a presence in the electric two-wheeler space with its Vida electric scooter and is now focusing on expanding its EV portfolio. This announcement comes shortly after Royal Enfield's parent company, Eicher Motors, revealed its new EV brand '
Hero MotoCorp, one of the largest two-wheeler manufacturers in India, has announced plans to enter the electric motorcycle market, making it the second legacy brand to do so. The company, known for its popular Splendor model, has already established a presence in the electric two-wheeler space with its Vida electric scooter and is now focusing on expanding its EV portfolio. This announcement comes shortly after Royal Enfield's parent company, Eicher Motors, revealed its new EV brand '
India's Nifty 50 index has entered the correction zone, falling over 10% from its peak in late September. This decline comes as foreign investors continue their record-level selloff of domestic stocks, triggering broad market losses. On Tuesday, the Nifty 50 dropped by 1.4%
India's Nifty 50 index has entered the correction zone, falling over 10% from its peak in late September. This decline comes as foreign investors continue their record-level selloff of domestic stocks, triggering broad market losses. On Tuesday, the Nifty 50 dropped by 1.4%
The Indian rupee opened at 84.39 against the US dollar on Wednesday, remaining near its all-time low of 84.4162. The Reserve Bank of India (RBI) is continuing its efforts to stabilize the currency, with analysts Amit Pabari and Anil Kumar Bhansali suggesting that the ce
The Indian rupee opened at 84.39 against the US dollar on Wednesday, remaining near its all-time low of 84.4162. The Reserve Bank of India (RBI) is continuing its efforts to stabilize the currency, with analysts Amit Pabari and Anil Kumar Bhansali suggesting that the ce
Tesla Inc. regained a market capitalization of $1 trillion on Friday after its shares surged by 26.1% throughout the week. This surge in stock price was driven by investor optimism surrounding President-elect Donald Trump’s recent electoral victory and the potential benefits of his return to the White House for Tesla’s future growth. The company had previously crossed the $1 trillion market cap in October 2021, December 2021, and March 2022, but it had been a while since it reache
Tesla Inc. regained a market capitalization of $1 trillion on Friday after its shares surged by 26.1% throughout the week. This surge in stock price was driven by investor optimism surrounding President-elect Donald Trump’s recent electoral victory and the potential benefits of his return to the White House for Tesla’s future growth. The company had previously crossed the $1 trillion market cap in October 2021, December 2021, and March 2022, but it had been a while since it reache
Gold prices have been on a downward trend since the US presidential election, with December future contracts opening lower on MCX. The price of gold fell by 0.37% to Rs 76,369 per 10 grams, while silver prices also dropped by 0.24% to Rs 90,601 per kg. In the last two days, gold prices have plummeted by Rs 2,100 per 10 grams and silver prices by Rs 4,050 per kg.
According to the India Bullion and Jewellers Association Ltd (IBJA), the current prices for different carats of gold are a
Gold prices have been on a downward trend since the US presidential election, with December future contracts opening lower on MCX. The price of gold fell by 0.37% to Rs 76,369 per 10 grams, while silver prices also dropped by 0.24% to Rs 90,601 per kg. In the last two days, gold prices have plummeted by Rs 2,100 per 10 grams and silver prices by Rs 4,050 per kg.
According to the India Bullion and Jewellers Association Ltd (IBJA), the current prices for different carats of gold are a
Solar Energy Corporation of India Ltd. (SECI) has debarred Reliance Power Ltd. and its subsidiary Reliance NU BESS Ltd. (formerly Maharashtra Energy Generation Ltd.) from bidding in any future SECI tenders for the next three years. This decision comes after SECI discovered that the company had submitted fake bank guarantees during the bidding process for a 1 gigawatt solar power and 2 gigawatt battery energy storage system project.
The Incident: Fake Bank Guarantees in SECI Tender
Solar Energy Corporation of India Ltd. (SECI) has debarred Reliance Power Ltd. and its subsidiary Reliance NU BESS Ltd. (formerly Maharashtra Energy Generation Ltd.) from bidding in any future SECI tenders for the next three years. This decision comes after SECI discovered that the company had submitted fake bank guarantees during the bidding process for a 1 gigawatt solar power and 2 gigawatt battery energy storage system project.
The Incident: Fake Bank Guarantees in SECI Tender
