India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi: The government on Tuesday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the seventh straight quarter beginning October 1, 2025. "The rates of interest on various small savings schemes for the third qua-rter of FY26, starting from October 1 and ending on December 31 shall remain unchanged from those notified for the second quarter (July 1 to September 30) of FY26," the finance ministry said. As per the notification, deposits under the Suka-nya Samriddhi Scheme will attract an interest rate of 8.2 per cent, while the rate on a three-year term deposit remains at 7.1 per cent prevailing in the current quarter. The interest rates for public provident fund (PPF) and post office savings deposit schemes, too, have been retained at 7.1 per cent and 4 per cent, respectively.
Mumbai: The average fresh loan spread of Indian banks increased by 17 basis points to 3.09% in May, indicating lenders' focus on protecting margins, according to data released by the Reserve Bank of India (RBI). Private sector banks led the increase, widening spreads-the difference between the average lending rate they charge on borrowers and their cost of funds-by 34 basis points to 3.86%, while public sector banks raised spreads by 6 basis points to 1.79%, RBI data showed. The data, experts said, reflects a cautious stance by banks toward aggressive credit expansion amid persistent pressur ...Read More >
MUMBAI : In the face of decadal-low savings rates, state-run banks are hoping that dropping charges for not maintaining a minimum balance will help hold customers' interest in bank deposits. The decision, said two bankers close to the matter, follows a regulatory push to address customer grievances, as well as internal surveys that estimated limited revenue loss if such minimum balances are not maintained. "The Reserve Bank of India wanted us to look into complaints, and this was one of the major areas. We therefore decided to stop minimum balance charges," said the first of the two bankers, ...Read More >
Mumbai, Oct 3 (PTI) A "structural shift" in deposit composition due to a decline in fixed deposits and lower share of current and savings accounts (Casa) balances poses challenges to banks over the medium to long term, rating agency Crisil said on Friday. This comes amid concerns in some quarters over the increased preference for capital market investments by households looking for higher yields, while others believe the shift is representative of the maturing profile of the system. "Two key trends, a decline in household contribution to term deposits and a lower Casa ratio, indicate a struc ...Read More >
Mumbai: The Nifty PSU Bank Index jumped more than 2.5% Monday after the finance ministry urged these lenders to offer more credit and monetise subsidiaries through IPOs and stake sales. They bucked the declines in the rest of the banking space. The Nifty PSU Bank Index gained 2.7%, while the Bank Nifty and benchmark Nifty lost 0.2% and 0.5%, respectively. All 12 stocks in the PSU Bank index closed higher. Bank of Maharashtra soared 5.3% while Punjab National Bank and Bank of Baroda rallied 3.9% and 3% respectively. Union Bank, Canara Bank, UCO Bank and Indian Bank gained over 2.5% each. Anal ...Read More >
New Delhi, Nov 19 (PTI) Dedicated refinance window on the lines of NHB for the NBFC sector and aligning long-term capital gains tax with fixed deposits to encourage deposit mobilisation are some of asks presented before Finance Minister Nirmala Sitharaman on Wednesday during a pre-Budget meeting with the representatives of BFSI sector here. There is a need to create a dedicated refinance window for NBFCs (non-banking financial companies) to ensure a smooth and sustainable flow of funds and resources raised through this mechanism may be exclusively used to finance MSMEs and priority sectors, F ...Read More >
New Delhi, Mar 30 (PTI) The government on Monday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the eighth straight quarter, beginning April 1, 2026. "The rates of interest on various Small Savings Schemes for the first quarter of FY 2026-27, starting from April 1, 2026, and ending on June 30, 2026, shall remain unchanged from those notified for the fourth quarter (January 1, 2026 to March 31, 2026) of FY 2025-26," the finance ministry said in a notification. As per the notification, deposits under the Sukanya Samriddhi Scheme will attract an inte ...Read More >
New Delhi, Sep 30 (PTI) The government on Tuesday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the seventh straight quarter beginning October 1, 2025. "The rates of interest on various Small Savings Schemes for the third quarter of FY 2025-26, starting from 1st October, 2025 and ending on 31st December, 2025 shall remain unchanged from those notified for the second quarter (1st July, 2025 to 30th September, 2025) of FY 2025-26," the finance ministry said in a notification. As per the notification, deposits under the Sukanya Samriddhi Scheme will ...Read More >
Mumbai: A RBI report has suggested that all banks should bring down their lending rates for speedy transmission of the policy rate, which was lowered by 50 basis points earlier this month.An article published in the Reserve Bank's June Bulletin stressed that the financial conditionsremained conducive to facilitating an efficient transmission of rate cuts. Most of the banks have already passed on the rate cuts announced in February and April to their customers.It may be mentioned here that several large banks, including SBI, Bank of Baroda, and HDFC Bank, have already passed on the benchmark l ...Read More >
New Delhi [India], March 30 (ANI): The Union government has taken various steps to support farmers, including small and marginal, through increasing access to Kisan Credit Cards (KCC), and promoting their digital issuance in all States/UT. According to a statement released by the Ministry of Finance, "the Priority Sector Guidelines of Reserve Bank of India (RBI) issued to banks, and Ground Level Agriculture Credit (GLC) Target by the Government to banks act as key policy instruments in scaling up KCC coverage and enhancing financial inclusion among farmers." Also Read | Rampur Shocker: Woman ...Read More >
New Delhi, Jun 6 (PTI) Reserve Bank monetary policy action to cut repo rate by large 50 basis points is among the most growth-oriented and borrower-centric interventions seen in recent years, and will reduce repayment burden on individuals as well as corporate, experts said. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. Also Read | How To Activate Your UAN O ...Read More >
New Delhi, Jun 30 (PTI) The government on Monday left interest rates unchanged for various small savings schemes, including PPF and NSC, for the sixth straight quarter beginning July 1, 2025. "The rates of interest on various Small Savings Schemes for the second quarter of FY 2025-26 starting from 1st July, 2025 and ending on 30th September, 2025 shall remain unchanged from those notified for the first quarter (1st April, 2025 to 30th June, 2025) of FY 2025-26," the finance ministry said in a notification. As per the notification, deposits under the Sukanya Samriddhi scheme will attract an i ...Read More >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy as the feast was organised in the month of saawan. Although Lalan Singh made separate arrangements ...Read More >
'India should look to add an extra bowler' IMAGE: Ajinkya Rahane has a piece of advice for head coach Gautam Gambhir and captain Shubman Gill- play an extra bowler in the fourth Test at Old Trafford. Photograph: BCCI/X As India gear up for the fourth Test at Old Trafford, former captain Ajinkya Rahane has raised a tactical alarm: the team's all-rounder-heavy approach might be hurting their chances. His solution? A fourth specialist bowler -- even if it comes at the cost of batting depth. Now in England, and having witnessed India's narrow defeat at Lord's, the veteran batter has a piece of ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes Taking Place Next Month. The Governor spoke to the Labour, Employment Training and Factories (LETF) ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
New Delhi: In a bid to boost climate finance, the Union ministry of new and renewable energy (MNRE) plans to urge the finance ministry to offer tax incentives to green bond buyers, according to two people familiar with the matter. The consideration aims to boost investor interest in green bonds, which is necessary to meet the financing requirements for the clean energy targets. "Though sovereign green bonds were launched a few years back, they are yet to pick up. Now the interest rate of green bonds and other bonds is largely similar. So, there is no incentive for green bond buyers when prem ...Read More >
Hyderabad: The Centre on Monday left interest rates unchanged for various small savings schemes, including Public Provident Fund (PPF) and National Savings Certificate, for the sixth straight quarter beginning July 1, 2025. "The rates of interest on various Small Savings Schemes for the second quarter of FY 2025-26 starting from 1st July, 2025 and ending on 30th September, 2025 shall remain unchanged from those notified for the first quarter (1st April, 2025 to 30th June, 2025) of FY 2025-26," the finance ministry said in a notification. As per the notification, deposits under the Sukanya Sa ...Read More >
New Delhi [India], July 4 (ANI): SpiceJet on Thursday acknowledged that some passengers are currently facing difficulties in reaching the airline's customer care helpline due to intermittent technical issues. The airline said efforts are underway to restore normal functioning as soon as possible. In an official message on X, SpiceJet stated, 'We are currently experiencing intermittent issues with our SpiceJet Customer Care helpline numbers. We assure you that our relevant teams are working to resolve this as soon as possible. In the meantime, please connect with us through our official social ...Read More >
India is pressing multilateral development banks (MDBs) to lend more in Japanese yen and Indian rupees in an attempt to reduce borrowing costs and manage exchange rate risks more effectively, two officials aware of the matter said. New Delhi has steadily expanded loans and official development assistance (ODA) in yen to gain from ultra-low interest rates and the rupee's appreciation against the Japanese currency. Many of these loans finance infrastructure and development projects. "Yen rates remain close to zero, and with the rupee having appreciated significantly against the yen since early ...Read More >
NEW DELHI (Reuters) - The Reserve Bank of India on Friday raised the interest rate ceiling that banks can offer for foreign currency non-resident (FCNR-B) deposits to boost forex inflows at a time when the currency has been regularly hitting all-time lows. A FCNR-B is a term deposit account that non-resident Indians (NRIs) can open with banks in a foreign currency. Since the account is maintained in a foreign currency, the depositor is not exposed to exchange rate risk, making it attractive for NRIs. The central bank has used this route in times of pressure on the rupee including in July 201 ...Read More >
Mumbai, Dec 11 (PTI) The rupee fell 2 paise to all-time low of 84.87 against the US dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank's monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor. Forex traders said markets now expect a rate cut in the upcoming monetary policy in February. While a muted tone in the domestic market and the overall strength of the US dollar index further pressurised the rupee. Also Read | Shillong Teer Results Today, December 11 2024: Winning Numbers, Result Chart for Shillong Morning Teer, S ...Read More >
New Delhi, Jun 6 (PTI) Reserve Bank monetary policy action to cut repo rate by large 50 basis points is among the most growth-oriented and borrower-centric interventions seen in recent years, and will reduce repayment burden on individuals as well as corporate, experts said. Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday, and unexpectedly reduced the cash reserve ratio for banks to make available more money to lend in a bid to boost the economy. Bandhan Bank Chief Economist Siddharth ...Read More >
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee on Friday cut the repo rate by 50 basis points (bps) to 5.50%. This is the third straight rate cut, leading to a cumulative reduction of 100 bps since the easing cycle began in February. As part of the monetary policy decision to support growth, the committee also reduced the cash reserve ratio (CRR) -- the amount of funds that banks need to park with RBI -by 100 bps. However, the rate-setting panel changed the policy stance from 'accommodative' to 'neutral', citing limited headroom for monetary policy to support growth. The ...Read More >
New Delhi: Today marks the end of the financial years 2025 and 2026. It was anticipated that there would be some significant changes to the interest rates offered on small savings schemes this time around; however,this did not materialise. The Ministry of Finance has kept the interest rates for small savings schemes unchanged for the quarter commencing April 1,2026. In other words,no modifications of any kind have been made. This decision brings relief to investors participating in schemes such as the PPF,NSC,SSY,and Post Office Deposits. According to a report,the Central Government has refra ...Read More >
New Delhi, June 28: Central government employees and pensioners are anticipating a major relief under the upcoming 8th Pay Commission, which is expected to recommend reducing the commuted pension restoration period from 15 to 12 years -- a long-standing demand of the employee unions. The issue, raised by the Staff Side of the National Council (JCM), is now likely to be included in the Terms of Reference (ToR) of the new commission, expected to be implemented from January 1, 2026. Commuted pension allows retiring government employees to take a portion of their pension as a lump sum. However, i ...Read More >
New Delhi: Amidst rising inflation, the ultimate goal of people is to earn money. People make various efforts to earn money. People consider it appropriate to earn money by investing in banks as well as post offices, for which they try their best. A few days ago, the bank shocked people by reducing the interest rates on FDs. People have now started moving towards the time deposit scheme of the post office by avoiding banks. There are some specialities of the time deposit scheme of the OST office. In this, the government also gives returns with a guarantee, and the investment here is completel ...Read More >
Mumbai: Consumers are exhibiting a preference for placing deposits in the one- to three-year category, with lenders also favouring this tenure. A breakup of the deposits by tenor for 4QFY25 showed that about 65% of the overall deposits contracted are in the one- to three-year bucket. Moreover, 80% of individual term deposits had ticket sizes between ₹1 lakh and ₹15 lakh. The fourth quarter of FY25 saw a 5-percentage-point jump in deposits in the 7-8% interest-rate bucket, with some signs of a slowdown in non-individual deposit movement. According to a study by Kotak Institutional Equities, "C ...Read More >
ITANAGAR, 6 Jun: More than 200 people without valid inner line permits (ILP) were externed from the Itanagar Capital Region on Friday, a senior police officer said. The violators were detected during an enforcement drive conducted by the Naharlagun police across Papu Hills, Naharlagun, Nirjuli, and Banderdewa, as part of the ongoing initiative to uphold the Bengal Eastern Frontier Regulation. Naharlagun Superintendent of Police (SP) Mihin Gambo said that all 219 individuals were found without valid ILPs during the operation. "Each case was verified and processed under non-FIR provisions, an ...Read More >
New Delhi: The Pension Fund Regulatory and Development Authority of India has come out with a discussion paper proposing a dual valuation approach for the securities held in scheme portfolios of National Pension System (NPS) and Atal Pension Yojana (APY). The framework aims to present pension wealth accumulation more clearly to subscribers while ensuring long-term financial stability and economic relevance, the regulator said in the discussion paper titled 'Alignment of Valuation Guidelines with ...Read More >
NEW DELHI, March 12 (Reuters) - India's retail inflation rose to 3.21% year-over-year in February, driven by higher prices of food, personal care products and precious metals, government data showed on Thursday. The key price gauge stayed below the Reserve Bank of India's target of 4% and within its tolerance band of 2%-6%, even though soaring oil prices due to the Iran war have raised risks for higher inflation in Asia's fifth-largest economy. A Reuters poll had projected inflation at 3.1%. The data was the second print under a revised series that seeks to capture changing consumption patte ...Read More >