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Business

Poonam Gupta Steps Into Role as RBI Deputy Governor: A New Era for India's Financial Leadership

Poonam Gupta has been appointed as the new Deputy Governor of the RBI, taking over from Michael Patra. She will oversee key departments including monetary policy and financial mark...

Business

Sebi Reveals Indiabulls Housing Finance Violated Regulations, Supreme Court Notified

Sebi has notified the Supreme Court about regulatory violations by Indiabulls Housing Finance, now Sammaan Capital, involving the Sebi (LODR) Regulations, 2015. An administrative w...

Business

India's Manufacturing Sector Hits 10-Month High as Export Orders Surge Amid Global Trade Shifts

India's manufacturing sector experienced its fastest growth in ten months in April 2024, driven by a significant upturn in export orders. The HSBC India Manufacturing PMI highlight...

Business

Finance Secretary Ajay Seth Advocates for Agility and Fiscal Prudence in Navigating Global Economic Challenges

Finance Secretary Ajay Seth discusses India's economic resilience, the importance of fiscal prudence, and the need for agility in navigating global challenges. With growth projecti...

Business

Vodafone Idea Strategizes to Secure Promoters' Management Rights Amid Government Stake Increase

Vodafone Idea has approved an amendment to its shareholders' agreement to allow promoters to retain management rights despite the government's increasing stake. A shareholder meeti...

Business

RBI Panel Proposes Extending Money Market Hours to 7pm for Enhanced Liquidity and Global Alignment

An RBI panel recommends extending money market hours to 7pm to enhance liquidity and align with global markets, reflecting India's growing financial complexity and digital transact...

Business

India Considers Boosting Fertilizer Imports from the US to Balance Trade and Reduce Dependence on China and Russia

India is considering increasing fertilizer imports from the US to address trade imbalances and reduce dependence on China and Russia. This move is part of a broader strategy to enh...

Business

Rupee Soars to a 6-Month High Against the Dollar: What's Driving the Surge?

The rupee briefly touched a six-month high against the dollar, attributed to strong portfolio inflows and RBI's intervention. Forex reserves hit $688.13 billion, marking the eighth...