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Kochi, India - April 09, 2026: Gold loans in India have long been trusted for quick access to credit. The process, however, remains largely manual, time-bound and operationally intensive. Wizzmoni, a flagship brand of Wizz Financial, is now redefining that experience. Wizzmoni has introduced India's first fully Automated Gold Loan Machine, a breakthrough innovation that enables customers to complete the entire gold loan journey, from onboarding to disbursement, in real time. This is not just a ...Read More >
Mumbai, Apr 9 (PTI) The rupee depreciated 17 paise to 92.71 against US dollar in early trade on Thursday as the fragile ceasefire and Iran's threat to step out of the talks if Israel kept bombing Lebanon kept investors wary. Forex traders said markets are in a wait-and-watch mode rather than strong directional positioning as the situation in West Asia remains fragile. Geo-Political uncertainty was still high amid Iran's threat to step out of the talks if Israel kept bombing Lebanon, keeping in ...Read More >
Kolkata, Apr 8 (PTI) Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that Indian Rupee is expected to stabilise at the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. Dev said the currency had faced pressure due to global uncertainties, including the recent conflict between the United States ...Read More >
India's energy outlook improves as a ceasefire between Iran and the US brings down crude oil prices. The critical Strait of Hormuz is reopening, easing concerns over energy imports. India had faced supply disruptions for LPG and natural gas. Efforts are underway to free stranded Indian vessels. New Delhi, India's energy outlook brightened on Wednesday after a fragile ceasefire between Iran and the US triggered a sharp drop in crude prices and reopened hopes of supply normalization through the w ...Read More >
The Election Commission of India has launched a probe into allegations that Bharatiya Janata Party's Palakkad candidate Sobha Surendran distributed money for votes - an accusation that the leader has dismissed as "conspiracy". Kerala Chief Electoral Officer Dr Rathan U Kelkar said the alleged incident was reported on Wednesday, a day before the state goes to the polls. Visual media reports claimed Sobha distributed money to voters at Theruvakkurishi under Kannadi panchayat in Palakkad. Acting o ...Read More >
Kolkata: India may exceed RBI's GDP growth projection for 2026-27, the chairman of the Economic Advisory Council to the Prime Minister, S Mahendra Dev, said on Wednesday. Speaking at an interactive session with members of the Bharat Chamber of Commerce in Kolkata, he expressed confidence that the economy could achieve 7% growth against the RBI's projection of 6.9%."I am more positive about growth and hoping for 7%. Last year we achieved 7.6%, but many said it would not exceed 7%. Our economy has ...Read More >
MUMBAI: The Reserve Bank of India (RBI) said on Wednesday that its recent actions in the non-deliverable forward (NDF) market are temporary and aimed at curbing excessive currency speculation stemming from the West Asia conflict. The regulator, however, did not specify the duration of the operational curbs on lenders while indicating that the April 10 (Friday) deadline for banks to scale back their net open positions to $100 million would not be extended. "These measures are not in any sense s ...Read More >
Imphal, April 8 (SocialNews.XYZ) A day after a deadly bomb attack in Manipur's Bishnupur district claimed the lives of two young children and left their mother injured, security forces, in a joint operation, arrested three militants belonging to the United Kuki National Army (UKNA) in neighbouring Churachandpur district on Wednesday, officials said. According to a police official, the arrested militants have been identified as Jampao Kuki, Sasang, and Paulallem Vaiphai. During the operation, se ...Read More >
Global uncertainty is likely to linger in the near term, with crude oil prices emerging as a key risk factor for markets and the broader economy, according to Dhiraj Relli, MD & CEO of HDFC Securities. Speaking on the sidelines of "The Big Review" report launch in Mumbai, Relli said elevated oil prices are creating a cascading impact across inflation, interest rates, and corporate earnings, affecting economies worldwide. However, he remains hopeful that easing geopolitical tensions in West Asi ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): HDFC Securities on Wednesday released its 'The Big Review' report, stating that India's real GDP growth is expected to remain at 6-7 per cent, while nominal growth is expected to improve soon. Speaking at the event in Mumbai's St. Regis, Varun Lohchab, Chief Research Officer-Equities at HDFC Securities, said, "While the real GDP growth is expected to remain at 6-7 per cent, nominal growth will be better due to inflation improvements." Also Read | HC ...Read More >
Kanpur, Apr 8 (UNI) Kanpur police have arrested Parvez Saifi, a close aide and driver of absconding doctor Afzal, in connection with the ongoing kidney transplant racket. Saifi was apprehended late Tuesday night from Rawatpur after a viral video showed him and the doctor with bundles of Rs 500 notes, officials said today. According to DCP SM Qasim Abidi, Saifi had been trying to evade arrest while seeking legal help for bail. Police recovered Rs 10 lakh in cash from his possession, which he al ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 52 paise to close at 92.54 against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance. Forex traders said investor sentiment got a boost after Governor Sanjay Malhotra assured that the steps taken on forex do not constitute a structural change. Moreover, confidence was exuded in the health of ...Read More >
New Delhi [India], April 8 (ANI): The Reserve Bank of India's decision to keep the repo rate unchanged in the latest Monetary Policy Committee (MPC) meeting was appropriate, Vivek Iyer, Partner and Leader Financial Services, Grant Thornton Bharat, has said, noting that any change in rates at this stage could have adversely impacted demand and financial stability. Also Read | Assembly Elections 2026: How To Check Name in Voter List and Download Voter Slip Online? Know Everything Ahead of Vidhan ...Read More >
Mumbai, Apr 8 (PTI) Indian bond yields ended nearly 0.15 per cent lower on Wednesday, taking comfort from the conditional ceasefire in the West Asia conflict, and Reserve Bank of India (RBI) maintaining the status quo on policy rate. According to the Clearing Corporation of India (CCIL), the 10-year benchmark bond yield ended 6.8984 per cent compared to 7.0443 per cent at the previous close. Even though bond yields have eased, the central bank, in the monetary policy report, has projected 10-y ...Read More >
Mumbai: Reserve Bank Governor Sanjay Malhotra on Wednesday expressed confidence that interest rates will remain low in the medium to long term, given the benign inflationary conditions. Addressing the media, in a post-monetary policy conference, Malhotra said the Indian economy is very strong, resilient and robust. "We are in a neutral state...possibility either way, any ways cannot be ruled out that low rates (would) continue for a long time," he said. Despite shocks, he said, the RBI is pro ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. A viral footage from 2018 has resurfaced online, showing CEO Brad Garlinghouse boldly declaring that Ripple was taking over SWIFT (Society for Worldwide Interbank Financial Telecommunications). At the time, the crypto payments company was still in its early growth phase, aggressively positioning itself as a faster and more cost-effective alternative to SWIFT. Today, Ripple has evo ...Read More >
Kolkata, Apr 8 (PTI) The Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that the Indian Rupee is expected to stabilise around the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong. He also said that India must sustain 7-8 per cent growth and reforms to achieve developed nation status by 2047, ...Read More >
Palakkad (Kerala), Apr 8 (PTI) Congress alleged that Sobha Surendran, the BJP candidate of the Palakkad constituency in Kerala, was "caught red-handed distributing" cash to voters ahead of April 9 elections to the state Assembly. Surendran denied the allegations, calling them "fabricated" to defeat her. He alleged that a local Congress leader and a journalist of a TV channel were behind the allegations, and she would be filing a police case against them. The BJP leader claimed that a video ai ...Read More >
New Delhi: The Reserve Bank of India's (RBI) decision to hold rates today was widely expected, but beneath that calm surface, experts warn that monetary policy is running out of runway. With Financial Year 27 growth forecast trimmed to 6.9 per cent, and crude prices still volatile, the central bank isn't in a hurry to reverse the rate cycle. Especially when growth risks are lingering. Yet the real challenge experts argue is no longer just about rates. After 125 basis points of easing, further c ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India on Wednesday said "excessive speculation" on the rupee prompted surprise actions on the currency front in the last fortnight, but clarified that its measures will not remain forever. "In the last few weeks of March, we have witnessed heightened volatility in the foreign exchange market. These measures are reactions to the specific market movements. They are not signalling any structural changes. These are not measures going to remain forever," Malho ...Read More >
New Delhi, Apr 8 (PTI) The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday. US President Donald Trump announced a two-week suspension of military strikes against Iran. Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies. "The ceasefire an ...Read More >
Mumbai (PTI): Equity benchmark indices Sensex and Nifty were trading sharply higher on Wednesday afternoon trade in-tandem with an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,988.82 points or 4 per cent to 77,605.40. The 50-share NSE Nifty surged 890.35 points or 3.85 per cent to 24,014. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen & Toubro ...Read More >
Mumbai: The domestic bullion market in Mumbai witnessed a sharp rally on Wednesday, April 8, with gold prices rising majorly following the announcement of a two-week ceasefire between the United States and Iran. According to market data, 24-karat gold prices climbed by Rs 398 to reach Rs 15,382 per gram. Other variants also recorded gains, with 22-karat gold priced at Rs 14,100 per gram and 18-karat gold at Rs 11,537 per gram. The surge mirrors global trends, where spot gold prices jumped over ...Read More >
Mumbai, Apr 8 (PTI) The Reserve Bank of India (RBI) on Wednesday said it expects crude oil prices to average USD 85 per barrel and the rupee to be at 94 against the dollar in FY27. The central bank has made the projections in the bi-annual Monetary Policy report released on Wednesday. The crude oil price assumption has been upped to USD 85 per barrel during FY27, from USD 70 per barrel during H2FY26. It also increased exchange rate projections to 94 against the US dollar during FY27, from 88 a ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Indian rupee on Wednesday showed positivity for a fourth consecutive session against the dollar, tracking gains in global equities after the United States and Iran agreed to a two-week ceasefire, offering markets respite from turbulence driven by the West Asia conflict. The domestic currency rose 0.4 per cent to 92.61 against the dollar from its previous close of 93. This comes after US President Donald Trump announced a temporary ceasefire with Iran, ea ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday reiterated that its intervention in the foreign exchange market is aimed solely at curbing excessive volatility and not at targeting any specific level of the rupee. Speaking during the monetary policy announcement, RBI Governor, Sanjay Malhotra said, "Despite the stronger macroeconomic fundamentals, the Indian rupee in the last financial year depreciated more than average in the previous year.... our exchange r ...Read More >
New Delhi: The announcement of a ceasefire, between the US and Iran, along with the reopening of the Strait of Hormuz, will provide immediate relief to exporters by easing shipping disruptions, FIEO said on Wednesday. US President Donald Trump announced a two-week suspension of military strikes against Iran. Iran agreed to allow safe navigation through the Strait of Hormuz during the ceasefire, triggering sweeping market moves across oil, equities and currencies. "The ceasefire and reopening o ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday reiterated that its intervention in the foreign exchange market is aimed solely at curbing excessive volatility and not at targeting any specific level of the rupee. Speaking during the monetary policy announcement, RBI Governor, Sanjay Malhotra said, "Despite the stronger macroeconomic fundamentals, the Indian rupee in the last financial year depreciated more than average in the previous year.... our exchange r ...Read More >
Mumbai, Apr 8 (PTI) Stock market benchmark indices Sensex and Nifty surged in early trade on Wednesday following a sharp rally in global peers and a significant drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,775.73 points or 3.71 per cent to 77,392.31 in early trade. The 50-share NSE Nifty surged 815.2 points or 3.52 per cent to 23,938.85. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks. Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below USD 100 to USD 96 per barrel. The rupee in accordance surged to 92.56 levels, w ...Read More >
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