MUMBAI: Government bonds rallied on Wednesday after RBI announced fresh liquidity measures to ease tight conditions, pulling the benchmark 10-year yield down to 6.54% from 6.63% on Tuesday, its biggest single-session fall since mid-May, as prices rose on expectations of durable liquidity support. Bond dealers expect the yield on the 10-year bond to drop to…
MUMBAI: Serious Fraud Investigation Office (SFIO) has opened a formal probe into IndusInd Bank after a Dec 23, 2025 letter triggered an investigation under the Companies Act, 2013, over accounting lapses tied to internal derivative trades.In a filing, the bank said SFIO, under the MCA, seeks information after the lender flagged on June 2 issues…
MUMBAI: The National Payments Corporation of India (NPCI) is tightening control over recurring charges, aiming to curb some opaque billing practices and give consumers clearer oversight of their subscriptions.NPCI has launched a central portal-upihelp.npci.org.in-that allows users to view and manage all their UPI autopay standing instructions in one place. The move targets so-called dark patterns,…
MUMBAI: The IPO by Shyam Dhani Industries, a masala maker from Jaipur that was eyeing to raise Rs 38.5 crore from NSE’s SME platform Emerge, saw its offer subscribed an eye-popping 918 times, giving it a book size of a little over Rs 25,300 crore (except the anchor part). In the IPO, the company offered…
MUMBAI: Credit card spending slowed in Nov 2025 across India as festive demand faded after Diwali and Dussehra, with transaction values and volumes easing month-on-month once seasonal shopping normalised.Total credit card spends fell to around Rs 1.9 lakh crore in Nov, down 11.9% from Rs 2.1 lakh crore in Oct, data released this week showed….
NEW DELHI: Bharti Enterprises and Warburg Pincus on Wednesday announced a strategic investment in Haier India, a subsidiary of Chinese consumer electronics maker Haier Group, picking up a collective 49% stake in the company. This is the second major Chinese company to have sold a sizeable stake in its Indian business after MG Motor, a…
Navi Mumbai airport opens today with 30 domestic flights (Picture credit: PTI) MUMBAI: Navi Mumbai International Airport (NMIA) opens to commercial operations on Thursday after years of missed deadlines, opening a second gateway for air travel in the Mumbai region. The day will see four airlines operating about 30 domestic flights at India’s newest greenfield…
Logistics and transportation services provider Yatayat Corporation India Ltd has filed draft papers with markets regulator Sebi to raise funds through an initial public offering, as the road freight segment continues to see strong demand, PTI reported.According to the draft red herring prospectus (DRHP), the proposed IPO will comprise a fresh issue of up to…
The average interest rate on a 30-year fixed mortgage in the US edged slightly lower this week but continued to hover within a narrow range that has prevailed for nearly two months, offering only modest relief to homebuyers.The benchmark long-term mortgage rate slipped to 6.18% from 6.21% last week, mortgage buyer Freddie Mac said on…
Indian Railway Finance Corporation (IRFC) has provided a Rs 9,821 crore loan to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) to refinance its foreign currency debt taken from the World Bank for the Eastern Dedicated Freight Corridor project, PTI reported.The rupee-denominated term loan agreement was signed between Rahul Kapoor, Director (Finance), DFCCIL, and…
