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RBI instructs all banks, financial companies, and other regulated entities
Updated : 11 months ago IST
The Reserve Bank of India (RBI) has given clear instructions that from May 1, 2025, all banks, financial companies, and other regulated entities must use the PRAVAAH portal to submit any applications for authorisations, licenses, and approvals.
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SIDBI, Pentland Ventures, IIML EIC, and SIIC IIT Kanpur Invest in Pradivya
Updated : 11 months ago IST
New Delhi [India], April 28: In a major boost to India's dynamic start-up ecosystem, Pradivya Software Pvt Ltd, operating under its brand name WUS, has announced the successful closure of a strategic investment round. The round was led by reputed institutions and venture partners including t
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Youngsters in India now prefer entrepreneurship over MNC jobs, earlier, no
Updated : 11 months ago IST
Reserve Bank of India (RBI) Governor Sanjay Malhotra said that the mindset of India's young generation has changed remarkably over the years, with many now preferring to become entrepreneurs rather than seeking jobs in multinational companies (MNCs).
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India's forex reserve rises for 7th week, gradually climbing towards all-t
Updated : 11 months ago IST
India's foreign exchange reserves rose USD 8.310 billion to USD 686.145 billion in the week that ended on April 18, extending gains for the seventh straight week, official data released by the Reserve Bank of India (RBI) this week showed.
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India's Industrial growth likely surged to 4.3% in Mar from 2.9% in Feb: U
Updated : 11 months ago IST
India's Index of Industrial Production (IIP) likely grew 4.3 per cent year-on-year in March 2025, improving from 2.9 per cent in February, according to a report by Union Bank of India.
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Worried About Market Volatility? Lock in Shriram Unnati FD's High Rates Wh
Updated : 11 months ago IST
Mumbai (Maharashtra) [India], April 25: While President Trump's 90-day tariff pause has come as a welcome respite for volatile equity markets, the fact that there continues to be policy uncertainty will mean that business investment is likely to be sluggish in the near-future. This increa
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States that used funds under Smart Cities Mission witnessed sharp drop in
Updated : 11 months ago IST
States that have effectively used funds under the Smart Cities Mission (SCM) have witnessed a sharp drop in crime rates, according to a new report by the State Bank of India (SBI).
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World Bank lowers India growth forecast for 2025-26 by 40 basis points to
Updated : 11 months ago IST
The Reserve Bank of India also recently lowered the growth forecast for the current fiscal 2025-26 to 6.5 per cent from 6.7 per cent, amid uncertainties arising from trade wars following the reciprocal tariffs announced by the US.
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T. Rabi Sankar RBI Deputy Governor term extended by a year
Updated : 11 months, 1 week ago IST
The Appointments Committee of the Cabinet (ACC) has approved the reappointment of T. Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI) for a period of one year.
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Alieus Hedge Fund to Exit India Investors to Get Full Refund Amid Complian
Updated : 11 months, 1 week ago IST
New Delhi [India], April 22: Alieus Hedge Fund has announced its formal exit from the Indian market, citing severe compliance and regulatory issues, including bank account freezes, software hacks, and USDT-related fraud involving certain individuals. This step has been taken in alignment wit
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Financial markets must play crucial role to fulfil India's aspirations: RB
Updated : 11 months, 1 week ago IST
India's financial markets must play a crucial role if the country is to successfully navigate global challenges and achieve its long-term aspirations, said Reserve Bank of India (RBI) Governor Sanjay Malhotra.
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India's foreign exchange reserves climb to USD 677.84 billion, sixth weekl
Updated : 11 months, 1 week ago IST
India's foreign exchange reserves (Forex) rose USD USD 1.567 billion to USD 677.835 billion in the week that ended on April 4, extending gains for the sixth straight week, showed the official data released by Reserve Bank of India (RBI).
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