Starting today, bank customers across India will face higher charges for ATM transactions exceeding their free monthly limits. The Reserve Bank of India (RBI) has approved an increase in the maximum fee for such transactions from ₹21 to ₹23, effective May 1, 2025. Under the current guidelines, customers are entitled to five free transactions per…
A new research paper released by the Reserve Bank of India (RBI) has forecast a robust 54% year-on-year increase in private corporate capital expenditure, pegging the investment at a staggering ₹2.45 lakh crore for the financial year 2024-25. The paper, titled “Corporate Investment Trends and Forecast”, attributes the projected boom to strong domestic demand, improved…
Amid global economic uncertainties, India offers strong growth prospects and stability for investors seeking long-term value, said Reserve Bank of India (RBI) Governor Sanjay Malhotra. Speaking at the US-India Economic Forum, organized by the Confederation of Indian Industry (CII) and the US-India Strategic Partnership Forum (USISPF) in Washington, D.C., Malhotra highlighted India’s monetary, financial, and…
The Indian rupee traded within a narrow range against the US dollar in early trading on Monday, depreciating slightly by 5 paise to 86.76. This limited movement occurred despite significant foreign fund outflows and a negative trend in domestic equities. Forex traders noted a negative bias on the rupee due to dollar-buying activity by foreign…
The growth in non-food credit of scheduled commercial banks slowed to 11.8% year-on-year (y-o-y) in November 2024, compared to 16.5% in the same period last year, as per data from the Reserve Bank of India (RBI). Overall bank credit, which includes food and non-food credit, expanded by 11.8%, down from 16.3% in November 2023. Notably,…
Singapore Airlines (SIA) will make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India after Vistara’s merger, scheduled for completion on November 11, 2024. Announced on November 29, 2022, this merger signifies a major consolidation in India’s rapidly expanding aviation sector and will give Singapore Airlines a 25.1% stake in the expanded…
Noel N. Tata, Chairman of Tata Trusts, has been appointed to the board of Tata Sons Ltd, the holding company of the Tata group, according to a Tata group source. Despite his recent election as Chairman of Tata Trusts following the passing of Ratan Tata last month, Noel Tata will not assume the role of…
The Indian rupee fell to a new all-time low, slipping 4 paise to 84.11 (provisional) against the US dollar on Monday. This drop was driven by weak domestic market trends and ongoing foreign capital outflows, forex traders reported. Domestic equities saw a sharp decline of 1.18%, while a rebound in crude oil prices and continued…
According to the latest report from the International Labour Organization (ILO), 53% of Indian women remain outside the labor force due to caregiving duties, underscoring a need for substantial investment in the care economy, especially in early childhood care and education (ECCE), to enhance gender equality in the workforce. Released last week, the report titled…
Retail inflation, or CPI, which eased to 3.6% in July and 3.7% in August, jumped to a nine-month high of 5.49% in September, driven by food price hikes. It is expected to remain elevated in October, with projections suggesting a moderation from the last quarter of the fiscal year, according to Reserve Bank of India…
