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….
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…
NEW DELHI: In a bid to ease investor compliance and remove inconsistencies, Sebi on Wednesday doubled the monetary threshold for simplified documentation process for issuance of duplicate securities to Rs 10 lakh from Rs 5 lakh. It has also prescribed a standardised affidavit-cum-indemnity bond format for securities valued above Rs 10 lakh. Agencies Source link
MUMBAI: RBI on Wednesday postponed phase 2 of its nationwide faster cheque clearance system, citing banks’ lack of operational readiness after issues in faced by some banks in phase 1. Phase 2 of the Continuous Clearing and Settlement on Realisation in the Cheque Truncation System, due to start on Jan 3, has been deferred until…
Government has begun discussions with WhatsApp after the messaging app banned a high number of Indian accounts, raising concerns over the continued misuse of Indian mobile numbers for online fraud. According to people familiar with the matter, WhatsApp has been blocking an average of 9.8 million Indian accounts every month until October this year for…
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: 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…
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…
