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Birbhum (West Bengal) [India], April 1 (ANI): West Bengal Chief Minister Mamata Banerjee on Wednesday launched a scathing attack on the BJP ahead of the 2026 assembly elections, accusing the party of land grabs, deleting voter names, and indulging in divisive politics, and vowed to ensure it never regains strength in the state. Speaking to reporters, CM Mamata Banerjee said, "An attempt was made to grab the land of Amartya Sen. An attempt was made to evict him. They should be ashamed of themsel ...Read More >
Biswanath (Assam) [India], April 1 (ANI): Prime Minister Narendra Modi on Wednesday said that Assam has witnessed significant transformation over the past decade, asserting that improved connectivity and infrastructure have changed perceptions about the state. Addressing a public rally in Biswanath, the Prime Minister said that where people were once struck by backwardness, they are now pleasantly surprised by the state's development. He highlighted advancements in infrastructure, noting that h ...Read More >
New Delhi, April 1: Digital payment services faced disruption across India on Wednesday, leaving many users unable to complete transactions through UPI platforms. According to outage tracking platform Downdetector, complaints surged sharply during the day -- indicating a widespread issue. The impact appeared significant on State Bank of India, which saw over 500 outage reports, while UCO Bank recorded around 40 complaints. Overall, UPI-related downtime reports also crossed 40, with numbers cont ...Read More >
New Delhi, April 1 (SocialNews.XYZ) Digital payment services faced disruption across India on Wednesday, leaving many users unable to complete transactions through UPI platforms. According to outage tracking platform Downdetector, complaints surged sharply during the day -- indicating a widespread issue. The impact appeared significant on State Bank of India, which saw over 500 outage reports, while UCO Bank recorded around 40 complaints. Overall, UPI-related downtime reports also crossed 40, ...Read More >
Mumbai, April 1: The Income Tax (I-T) Act, 2025, and its accompanying 2026 rules officially come into force on April 1, 2026, marking the start of the 2026-27 financial year. While income tax slabs remain unchanged under both the Old and New regimes, the new legislation introduces substantial revisions to corporate perquisites, tax collection rates, and investment levies. Salaried professionals, particularly those opting for the Old Tax Regime, will see a significant recalibration of tax-exempt ...Read More >
Mumbai, April 1: In a concerning case of cyber fraud, a sitting judge of a city court in Mumbai was duped of Rs 93,000 by cybercriminals who used a malicious customer care application to gain access to his banking details. The 46-year-old judge, posted at the Small Causes Court, sought technical assistance after noticing a display issue on his mobile phone on March 30. While searching online for help, he came across a contact number claiming to be that of Samsung customer care. Upon calling the ...Read More >
Mumbai, April 1 (SocialNews.XYZ) In a concerning case of cyber fraud, a sitting judge of a city court in Mumbai was duped of Rs 93,000 by cybercriminals who used a malicious customer care application to gain access to his banking details. The 46-year-old judge, posted at the Small Causes Court, sought technical assistance after noticing a display issue on his mobile phone on March 30. While searching online for help, he came across a contact number claiming to be that of Samsung customer care. ...Read More >
NEW DELHI: India's foreign‑exchange reserves of over $700 billion are large enough to deter speculative moves and allow the Reserve Bank of India to intervene to stabilise the rupee, a report said on Tuesday. The report from SBI Research said current reserve levels are equivalent to more than 10 months of imports and that short‑term debt is below 20 per cent of reserves, providing room and time to intervene in the market to prop up the rupee if it is so desirable. The research firm, however, f ...Read More >
New Delhi, Mar 31 (PTI) Fintech firm Bachatt has raised USD 12 million, about Rs 113 crore, in a funding round led by venture capital firm Accel, the company said on Tuesday. The round also saw participation from existing investors, Lightspeed and InfoEdge Ventures. "Bachatt, an AI-led savings and wealth platform for the merchant and self-employed segment, has raised USD 12 million in its series A funding led by Accel," the company said in a statement. The company plans to use the fresh funds ...Read More >
New Delhi [India], March 31 (ANI): Amid sharp volatility in the currency markets and pressure on the Indian rupee, a report by the State Bank of India has suggested that oil marketing companies (OMCs) should be provided a special foreign exchange (FX) window to help stabilise the currency. The report noted that with the rupee witnessing sharp depreciation in a volatile global environment, the large and regular dollar demand from OMCs is adding to market pressure. It is recommended that regulato ...Read More >
New Delhi [India], March 31 (ANI): The recent depreciation in the Indian rupee after February 27 (start of the current conflict in West Asia) remains broadly in line with movements seen in other global currencies, and does not signal excessive weakness, according to a report by the State Bank of India. The report noted that the rupee's movement in the current phase reflects global uncertainty, adding that currencies which had appreciated earlier have corrected more sharply, indicating that usin ...Read More >
Mumbai: Indianequity benchmark indices ended the final trading session of fiscal year 2025-26 with sharp losses, as escalating tensions in West Asia, rising crude oil prices, and sustained foreign fund outflows weighed heavily on investor sentiment. The 30-share BSE Sensex plunged 1,635.67 points, or 2.22 per cent, to settle at 71,947.55, after falling as much as 1,809 points during intraday trade. The broader NSE Nifty 50 dropped 488.20 points, or 2.14 per cent, to close at 22,331.40. The sel ...Read More >
Mumbai: Banks, with the largest collective weighting on Nifty, slumped Monday after the RBI Friday ordered net-position curbs on lenders to underpin the rupee that in FY26 lost the most in 14 years. All 14 constituents of the Bank Nifty lost, dragging the benchmark Nifty more than 2% lower. The Bank Nifty, meanwhile, retreated 3.8% to 50,275.35 - the lowest closing since April 9, 2025 - after the central bank set a $100 million end-of-day net position threshold for lenders. The newly-introduced ...Read More >
New Delhi: The Reserve Bank should use foreign exchange reserves to prop up the rupee hit by the ongoing West Asia crisis, suggested a research report by SBI on Monday. The rupee breached the 95/USD-mark in intra-day trade on Monday and settled 7 paise higher at 94.78 (provisional) against the American currency after Iran war escalation jolted global markets, fuelling rupee volatility and risk-off sentiment. The research report from the State Bank of India's economic research department said I ...Read More >
New Delhi, Mar 30 (PTI) The Reserve Bank should use foreign exchange reserves to prop up the rupee hit by the ongoing West Asia crisis, suggested a research report by SBI on Monday. The rupee breached the 95/USD-mark in intra-day trade on Monday and settled 7 paise higher at 94.78 (provisional) against the American currency after Iran war escalation jolted global markets, fuelling rupee volatility and risk-off sentiment. The research report from the State Bank of India's economic research depa ...Read More >
New Delhi, Mar 30 (PTI) Equity investors have become poorer by Rs 18.60 lakh crore in two days of sharp decline in the stock market, where the BSE benchmark Sensex has plunged over 4 per cent, as the West Asia conflict refuses to die down leading to a steep surge in crude oil prices. Weak global trends and unabated foreign fund outflows have also rattled investors' confidence. In the last two trading sessions, the BSE benchmark Sensex has lost 3,325.9 points, or 4.41 per cent. On Monday, the ...Read More >
Indian stock market update: Indian stock markets closed sharply lower on Monday, marking a weak end to the financial year 2025-26. The decline came as rising tensions in West Asia and a surge in crude oil prices dampened investor sentiment. The 30-share BSE Sensex dropped 1,635.67 points, or 2.22 per cent, to settle at 71,947.55. During the day, it had fallen over 1,800 points. The broader NSE Nifty also slipped 488.20 points, or 2.14 per cent, to close at 22,331.40. Most of the heavy selling w ...Read More >
Mumbai: Nifty Bank has recorded its worst monthly performance in six years, with the index falling more than 16 percent in March. This is the steepest decline since March 2020, when markets had crashed during the COVID-19 outbreak. What makes this fall significant is that every single one of the 14 stocks in the index declined, and all losses were in double digits. The fall ranged between 11 percent and 22 percent, showing broad-based weakness across the banking sector. Heavy Losses in Large B ...Read More >
Mumbai, March 30: Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict. The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities. The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22,331.40. Similarly, the Sensex dropped 2.22 per cent, or 1,635.67 points, ending the session at 71,947.55. Commen ...Read More >
MUMBAI: Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict. The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities. The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22, 331.40. Similarly, the Sensex dropped 2.22 per cent, or 1, 635.67 points, ending the session at 71, 947.55. Commenting ...Read More >
Mumbai, Mar 30 (PTI) Equity benchmark indices Sensex and Nifty ended the last trading session of the 2025-26 fiscal year sharply lower on Monday as the ongoing war in West Asia and surging crude oil prices kept investors' sentiment fragile. Weak trends in Asian markets and unabated foreign fund outflows also added to the bearish trend in domestic equities. Declining for the second day in a row, the 30-share BSE Sensex tumbled 1,635.67 points or 2.22 per cent to settle at 71,947.55. During the ...Read More >
Mumbai, March 30 (SocialNews.XYZ) Indian stock markets ended the last trading session of fiscal year 2026 on a weak note, dragged down by rising global tensions due to the ongoing Middle East conflict. The prolonged war has raised concerns about economic growth and inflation, leading to heavy selling across equities. The benchmark Nifty fell sharply by 2.14 per cent, or 488.20 points, to close at 22,331.40. Similarly, the Sensex dropped 2.22 per cent, or 1,635.67 points, ending the session at ...Read More >
Mumbai, March 30 (SocialNews.XYZ) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India's (RBI) recent measures aimed at supporting the rupee came into effect. All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It ...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%. T ...Read More >
Indian Potash Limited (IPL) has announced to revive Odisha's Badamba Cooperative Sugar Mill, which was has been closed since 2010, by investing ₹360 crore. However IPL will have to face a major challenge of sourcing sugarcane in the mill's command area as many farmers have shifted to other crops. The company has signed a Memorandum of Understanding (MoU) with the Government of Odisha for modernization and expansion of Badamba Sugar Mill with an estimated investment to ₹360 crore, IPL said in a ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, NTPC, ITC, Asia ...Read More >
Mumbai, Feb 16 (PTI) Equity benchmark indices Sensex and Nifty rebounded sharply by nearly 1 per cent on Monday, driven by strong buying in power, banking, and financial stocks. Snapping its three-day decline, the 30-share BSE Sensex jumped 650.39 points, or 0.79 per cent, to close at 83,277.15. The 50-share NSE Nifty advanced 211.65 points, or 0.83 per cent, to settle at 25,682.75. PowerGrid emerged as the top gainer in the Sensex pack, rising 4.45 per cent, followed by HDFC Bank, Axis Bank, ...Read More >
Union Finance Minister Nirmala Sitharaman introduced the Sabka Bima Sabki Raksha Bill, 2025, proposing to raise FDI in the insurance sector to 100%. The bill aims to provide insurance to all by 2047, amending key insurance laws and establishing a policyholder protection fund. This move seeks to accelerate sector growth and enhance policyholder security. Union Finance Minister Nirmala Sitharaman on Tuesday introduced The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025 in Lok Sab ...Read More >
New Delhi: State Bank of India (SBI) is known for making significant decisions frequently. Now, SBI has launched YONO 2.0, a major upgrade to its digital platform. This new version includes both mobile and internet banking facilities, providing relief to customers. The new YONO app will also offer easy KYC and re-KYC facilities. This will eliminate the need for repeated verification for products and services. YONO stands for "You Only Need One," meaning you can easily make changes to your KYC a ...Read More >
New Delhi: Canara Bank has joined the growing list of lenders adjusting interest rates after the Reserve Bank of India's recent policy move. Following the RBI's 25 basis point cut in the repo rate earlier this month, the public sector bank has revised both its lending rates and fixed deposit interest rates. The decision comes after major banks like State Bank of India (SBI) and HDFC Bank had already announced similar reductions. In its Monetary Policy Committee (MPC) meeting held in the first w ...Read More >
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