In a significant overhaul of retirement withdrawal norms, exiting the National Pension System (NPS) has become more flexible for non-government subscribers. Under amended rules notified by the Pension Fund Regulatory and Development Authority (PFRDA), eligible NPS members can now withdraw up to 80 per cent of their retirement corpus as a lump sum at the…
NEW DELHI: The Centre has further extended the term of the commission of inquiry looking into the ethnic violence that broke out in Manipur in May 2023, leading to a cycle of unrest, notifying May 20, 2026 as the new deadline for it to submit its report.“The Commission shall submit its report to the Central…
Image made with help of AI The Reserve Bank of India (RBI) has already moved from monthly to 15-day credit reporting from January 1, 2025. Now, it has issued draft rules that push the system further: by July 1, 2026, banks and NBFCs will have to update your credit data with bureaus every week.Here’s what…
BNB extended gains over the past 24 hours, rising nearly 2.5% to trade at $872 amid a broader cryptocurrency market recovery that saw the CoinDesk 20 (CD20) index rise 1.4% in the same period. The token outperformed most major cryptocurrencies during the session, holding firm above the $850 support level as volatility weighed on the…
The rupee on Tuesday slid to a fresh record low, breaching the 91-per-dollar mark for the first time during intra-day trade, before recovering partially to end 15 paise weaker at 90.93 against the US dollar, amid persistent foreign fund outflows and uncertainty over India–US trade negotiations.The domestic currency initially dropped as much as 36 paise…
The Nasdaq MarketSite in New York, US, on Thursday, Nov. 20, 2025. Michael Nagle | Bloomberg | Getty Images Nasdaq is moving closer to around-the-clock stock trading, a shift that some on Wall Street are calling unnecessary — and potentially destabilizing. The exchange said it plans to submit paperwork to the Securities and Exchange Commission…
MUMBAI: Mumbai: Axis Bank expects India’s economy to grow 7.5% in real terms in FY27 and is not unduly worried about recent weakness in the rupee, arguing that macro headwinds are easing and could turn into tailwinds next year.Presenting the bank’s outlook for 2026, Neelkanth Mishra, chief economist at Axis Bank, said India would remain…
NEW DELHI: Gujarat government on Tuesday imposed an immediate ban on the storage, sale, and distribution of rolling papers and pre-rolled cones, citing health risks, the state home department said.These ultra-thin paper sheets and cones are commonly sold at grocery stores and paan shops across the state. They are mainly used by tobacco smokers to…
Representative image made with AI Global Capability Centres (GCCs) are recruiting technology professionals at a rate four times faster than IT services companies, representing the most significant employment transformation in India’s IT sector in ten years.GCCs are increasing their workforce by 18-27% annually, whilst IT services grow at 4-6%, as per TeamLease Digital’s statistics, cited…
The U.S. Federal Deposit Insurance Corp. has rolled out the first official rule proposal stemming from the new law governing stablecoin issuers, with its board voting Tuesday to open a 60-day public comment period on its system for handling applications from its regulated banks looking to issue stablecoins from subsidiaries. The agency — led by…
