MUMBAI: The central board of Reserve Bank of India has approved a proposal to move to a risk-based pricing system for deposit insurance, marking a shift from the uniform premium currently charged to banks under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme.Announcing the banking reform measures alongside the monetary policy decision in Oct,…
The Union government has cleared a Rs 887-crore plan to develop a world-class marina in Mumbai Harbour, a move aimed at boosting coastal shipping, maritime tourism and waterfront development in India’s financial capital. The project, called the ‘Viksit Bharat Mumbai Marina’, has been approved by the ministry of ports, shipping and waterways and is aligned…
MUMBAI: The rupee staged its strongest single-day rise since May 2025 on Friday, closing at 89.27 per dollar, up 97 paise from Thursday’s 90.24. It briefly moved above the 90-per-dollar mark late in the session. The gain capped a third straight advance after a run of record lows earlier in the month.The rupee saw sharp…
NEW DELHI: Thick smog blanketed the Delhi-NCR on Saturday morning, with AQI being 380 in the ‘very poor’ category as recorded at 7am by the Central Pollution Control Board (CPCB), while large stretches of the region recorded ‘severe’ levels. Visibility remained severely impacted, affecting the residents’ commute and overall health.Several parts of Delhi continued to…
NEW DELHI: Corporation tax collections overtook the non-corporate tax mop-up, which went up 1.3%, pulling down the gross direct tax collections growth to 4.2% till mid-Dec with the overall kitty swelling past the Rs 20 lakh crore mark.Latest data released by the income tax department pegged corporation tax collections up to Dec 17 at Rs…
MUMBAI: Adani Group, India’s fifth-largest conglomerate by market value, intends to bid for nearly a dozen airports slated for privatisation as part of its Rs 1-lakh-crore investment plan for aviation infrastructure over the next five years. Earlier this year, govt announced plans to lease out 11 airports, including those in Amritsar and Varanasi.“Out of the…
MUMBAI: Billionaire Gautam Adani is checking into hospitality in a big way, with plans to build “one of the country’s largest hotel portfolios”, anchored around his group’s airports and real estate assets. The move positions the group in direct competition with Tata Group’s Taj, ITC Hotels, and the Oberoi chain (in which Reliance Industries and…
US President Donald Trump speaks during an event on prescription drug prices in the Roosevelt Room of the White House in Washington (Picture credit: AP) US President Donald Trump on Friday announced agreements with nine major pharmaceutical companies to lower prescription drug prices in the United States, marking a significant push to align domestic costs…
The U.S. Federal Reserve took a first step toward establishing a more limited version of its so-called master accounts, welcoming input on how the central bank might formulate “payment accounts” that would grant access to its payment rails without firms having to jump through the considerable hoops that would grant fuller services. The Fed said…
BJP MPs Nishikant Dubey and Sanjay Jaiswal have filed a “breach of privilege and contempt” notice against several opposition members. Source – ANI NEW DELHI: BJP MPs Nishikant Dubey and Sanjay Jaiswal have filed a “breach of privilege and contempt” notice against several opposition members and urged Speaker Om Birla for disciplinary action against them…
