The Indian rupee hit a new record low of 90.56 against the US dollar on Friday, depreciating by 24 paise. This decline was attributed to uncertainty surrounding the India-US trade deal and continuous foreign fund outflows, exacerbated by importers’ aggressive…
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Large banks are introducing physical checks and mandatory branch or home visits by relationship managers for customers seeking to open bank accounts online, to prevent identity theft and mule account openings, multiple bankers told ET.
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Over the last two days at the ETBFSI Converge Summit 2025, we brought together dozens of luminaries from the finance world, including Securities and Exchange Board of India chairman Tuhin Kanta Pandey, banking veteran K.V. Kamath, and the CEOs of…
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Income tax sleuths have unearthed a massive Rs 1,000 crore tax evasion and a Rs 250 crore unexplained investment in a Swiss pharma firm. Searches on Refex Group and associates revealed bogus purchases worth Rs 1,112 crore. Unaccounted income exceeding…
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Niti Aayog has proposed sweeping tax, regulatory, and market reforms to expand India’s corporate bond market into a major long-term capital source by 2030. The report urges parity in taxation, lower barriers for foreign investors, stronger market infrastructure, and coordinated…
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Samsung has completed 30 years of operations in India and the company said it is the only brand in the country with an end-to-end AI ecosystem with smartphones, tablets, refrigerators, washing machines, televisions and smart monitors together.
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