The Indian IT sector anticipates subdued growth in FY26 due to weak client spending and global uncertainties, despite strong deal pipelines. However, a significant recovery is projected for FY27, driven by improving US macroeconomic conditions and accelerating enterprise-scale AI adoption,…
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Tata Capital has set its IPO price band at Rs 310–326, a 56% cut from its last unlisted share price, aiming to attract investors and create potential for a listing pop. As one of India’s largest NBFCs, the three-day IPO…
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The Reserve Bank of India unveils major reforms. Banks will now fund corporate acquisitions. Risk weights ease for NBFCs, MSMEs, and home loans. This boosts credit flow across key sectors. RBI also scraps old guidelines on large borrower exposure. These…
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The RBI has proposed expanding services for Basic Savings Bank Deposit (BSBD) accounts, including digital banking, cheque books, and unlimited free digital transactions, to promote financial inclusion. These zero-balance accounts will also see strengthened ombudsman schemes, extending to rural cooperative…
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Indian Overseas Bank waives penal charges for minimum average balance. This applies to savings accounts with immediate effect. The Chennai-based bank aims to provide relief to customers. This decision makes banking easier for account holders. It reflects a commitment to…
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According to data from NPCI, UPI processed 19.63 billion transactions in September, compared with 20.01 billion in August. The total value of transactions rose marginally to Rs 24.90 lakh crore from Rs 24.85 lakh crore a month earlier.
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