MUMBAI: Top private bank chiefs are taking a cautious view of RBI’s FCNR(B) deposit window, with lenders saying tax rules, overseas liquidity conditions and regulatory constraints could limit inflows below initial estimates.HDFC Bank MD & CEO Sashidhar Jagdishan said potential inflows under the scheme may be lower than initially expected because tax rules make the…
Representative generative image (created by Denny) NEW DELHI: As govt explores further decriminalisation of the Companies Act, the corporate sector has proposed changes to the amendment bill moved by the Centre, including those related to auditors. In a series of representations to the select committee looking at the amendments, a senior industry executive said: “Greater…
Punjab National Bank (File photo) NEW DELHI: State-run Punjab National bank, the second largest public sector lender, is targeting a mop up of $2.5 billion from Foreign Currency Non-Resident Bank deposits and has raked in $425 million so far.“We are getting major traction from the UK, Dubai and GIFT City. The demand is quite good,”…
MUMBAI: For local consumers, the India-UK Comprehensive Economic and Trade Agreement (CETA) means more choices on retail shelves as new British brands are expected to enter the market. In fact, initial queries and conversations have already started.But the deal may not immediately translate into steep price cuts for shoppers across the board-the depreciation of rupee…
NEW DELHI: Apple has increased subscription prices for Apple Music and Apple One in India. The price hike comes just days after AppleCare+ plans for Macs and iPads became costlier.The Apple Music Individual plan now costs Rs 139 per month, up from Rs 119 earlier, while the family plan has been increased to Rs 229…
NEW DELHI: With the fertiliser subsidy, other West Asia related spends and initiatives, such as the electronics manufacturing push through schemes for semiconductors and mobiles adding to the Centre’s expenditure, finance minister Nirmala Sitharaman may seek Parliamentary approval for additional spending, without losing sight of the overall fiscal situation.The discussion around the need for Parliamentary…
NEW DELHI: Five of India’s 10 most-valued companies collectively added Rs 1.54 lakh crore to their market capitalisation last week, with Tata Consultancy Services (TCS) emerging as the biggest gainer after strong quarterly earnings helped lift investor sentiment amid a positive run in domestic equities.The gains came as the benchmark BSE Sensex advanced 582.06 points…
Gold and silver are expected to remain under pressure this week as investors assess the impact of the escalating conflict in US-Iran, elevated crude oil prices and a series of key global economic data releases that could influence the outlook for interest rates.According to market experts, traders will closely track developments in the US-Iran conflict,…
British Prime Minister Andy Burnham (AP) India-UK partnership will remain on a strong footing under incoming British Prime Minister Andy Burnham, who was elected Labour Party leader in the same week that the Comprehensive Economic and Trade Agreement (CETA) between both the countries came into force, as per the strategic experts forecast.Burnham, 56, was elected…
India’s first undersea rail tunnel has moved a step closer to reality, with a giant Tunnel Boring Machine (TBM) beginning its journey beneath Thane Creek on Saturday for the Mumbai–Ahmedabad Bullet Train Project. The launch of the second machine marks the start of excavation on the 7-km undersea stretch, the first of its kind for…
