NSE’s closing auction sees Rs 39,718 crore rush on first index rebalancing day The newly introduced closing auction mechanism saw its biggest test yet on Monday, with the National Stock Exchange of India Ltd (NSE) recording Rs 39,718 crore in turnover during the session as investors adjusted portfolios for the latest index changes.The turnover was…
The jewellery remained in the custody of the bank branch but was subsequently robbed, according to the bank’s submission. (Image for representative purpose only) Imagine this case: You have taken a loan against your gold. That gold is lying with the bank. Then in a bank robbery the gold is stolen. Who is responsible for…
Bank credit growth jumps to 19.1% in July, nearly doubles from year-ago level: RBI Bank lending saw a broad-based acceleration in July, with non-food bank credit growing 19.1 per cent year-on-year in the fortnight ended July 31, 2026, compared with 9.9 per cent in the same fortnight a year earlier, according to Reserve Bank of…
Gold has entered a corrective phase after failing to sustain above the recent rally highs near Rs 163,000–166,000. Gold price prediction today: The medium-term case for investment in gold remains intact, despite recent fall in prices, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Let’s take a look at his…
According to the PFRDA circular, PoPs will receive an annual charge equivalent to 0.20% of the assets under management. New NPS charges from October 1: The Pension Fund Regulatory and Development Authority (PFRDA) has updated the charges that Point of Presence (PoP) entities are permitted to levy on subscribers under the National Pension System (NPS)…
Indian IT could see AI-led growth inflection from FY27 as spending shifts to deployment The next phase of the artificial intelligence investment cycle could work in favour of Indian IT services companies, with global technology spending expected to move towards enterprise-level AI deployment after a period focused largely on building infrastructure, according to an Anand…
India has become an important source of gasoline, or petrol, for Russia. There is a strange irony to the situation. Russia, known to be one of the world’s biggest oil exports and a country among the top 10 with highest crude reserves, is being forced to import petrol. What’s even more interesting is that the…
BIRC 2026 draws 3,317 overseas buyers from 138 countries ahead of October event India’s rice exporters are set to get a wider international business platform this October, with 3,317 buyers from 138 countries registering for the Bharat International Rice Conference (BIRC) 2026.The three-day conference will be held at Bharat Mandapam in the national capital from…
The service uses a proprietary technology stack and an SMS-based architecture (representative image) Fintech major PhonePe on Monday announced the launch of PhonePe UPI 123Pay, a service that allows feature phone users to make UPI transactions without requiring an internet connection.According to news agency PTI, the service makes PhonePe the first major third-party application provider…
Railway Minister Ashwini Vaishnaw has shared a plan to expand tracks on seven high density routes, introducing four lanes or four tracks. Indian Railways, commonly called the national transporter, is now working to increase its passenger and freight carrying capacity on its highest density routes that often see demand outpace supply.Railway Minister Ashwini Vaishnaw has…