Indian benchmark equity indices opened sharply higher on Wednesday, tracking positive global cues as investors reacted to easing crude oil prices, firm Asian markets, and the implementation of new U.S. tariff measures that were largely in line with market expectations.
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Fake GST registrations using forged PAN and Aadhaar fall sharply, but experts flag a shift towards more sophisticated fraud networks generating larger fraudulent credits.
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Canara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to ₹12-13,000 crore. This move will impact the capital adequacy ratio by sixty basis points. Canara Bank plans an ₹8,000 crore capital…
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India’s IPO activity has continued to stay resilient with 175 companies currently holding valid SEBI observations for their draft IPO papers and another 70 firms awaiting regulatory clearance, as per a report by Equirus.
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Kotak Mahindra Bank plans a $600 million loan from HSBC and CTBC Bank. Bank of India also secured $600 million through a dual-tranche term loan. These foreign currency facilities aim to attract dollars into India. The funds will likely support…
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The government has approved the Reserve Bank of India’s proposal for polymer banknotes. One billion pieces each of ten and twenty rupee polymer notes will undergo field trials. These new notes are expected to be more durable and have a…
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