The move will enable banks to earn a decent spread by deploying funds raised from FCNR(B) deposits where the yields are around 7%. MUMBAI: RBI has exempted advances against fresh FCNR(B) and NRE term deposits from priority sector lending calculations, completing a three-part policy push to boost foreign currency inflows and ease compliance burdens for…
In its clarification, Federal Bank said it evaluates opportunities for growth and expansion in the ordinary course of business. MUMBAI: Shares of Federal Bank closed 3% lower on Tuesday after reports that the lender was pursuing a merger with Jana Small Finance Bank, while Jana SFB fell 2% as sensex closed flat. Both banks later…
India’s biggest listed companies added Rs 2.51 lakh crore in market value last week as a rally on Dalal Street lifted nine of the top-10 most-valued firms. Bajaj Finance emerged as the biggest gainer after its June-quarter earnings, while Hindustan Unilever was the only company to end the week with a lower valuation.BSE Sensex climbed…
Academy Award-winning actor and singer Jennifer Hudson has joined the voice cast of ‘PAW Patrol: The Dino Movie’. The upcoming animated adventure takes the popular rescue pups into a prehistoric setting. The film is scheduled to arrive in Indian cinemas on August 21 in English and Hindi. Jennifer Hudson lends her voice to Lilian Ledes,…
Union finance minister Nirmala Sitharaman speaking during the Monsoon session of Parliament Finance minister Nirmala Sitharaman on Thursday pushed back Congress leader Jairam Ramesh’s claims that ordinary people could end up paying more for using the Unified Payments Interface (UPI), clarifying that any Merchant Discount Rate (MDR) on digital transactions would be levied on merchants…
Tom Holland’s ‘Spider-Man: Brand New Day’ broke another major box office record as it nears the end of its theatrical run. On Wednesday, the film that has been on a record-breaking spree, reportedly overtook 2015’s ‘Star Wars: The Force Awakens’ to become the highest-grossing film of all time at the North American box office. ‘Spider-Man:…
Top stocks to buy today (AI image) Top stock market recommendations: Chambal Fertilisers and Chemicals, Ather Energy, and KSB are the top stocks that Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group recommends buying today. He also shares his views on Nifty and Bank Nifty, let’s take a look:Index…
Kamal Haasan made headlines as he flew economy class to the sets of the ‘Kalki 2898 AD’ sequel, earning praise from makers Vyjayanthi Movies. The gesture came days after he wrote an open letter urging the film industry to cut production costs. The post received mixed reactions on social media. Kamal Haasan has rejoined the…
FM Sitharaman at Global Fintech Fest 2026 in Mumbai MUMBAI: Finance minister Nirmala Sitharaman called upon tech companies to promote a federated industry platform to give India’s technology sector a stronger collective voice in global markets and regulatory discussions.“There may be merit in considering a federated industry platform that brings together the broader Indian technology…
Neena Gupta has long stood out in Hindi cinema for her honesty about the unconventional choices she made in her personal life. Even during difficult phases, she remained steadfast, choosing to move forward with courage and self-belief. The actress fell in love with West Indies cricketer Vivian Richards and went on to have their daughter…