Indian benchmark indices opened marginally lower on Tuesday, with the Sensex slipping about 4 points to 76,831.75 and the Nifty 50 falling nearly 25 points to 23,971.25, as investors stayed cautious ahead of the US Federal Reserve’s policy decision and tracked global market cues. Source link
File photo: Reserve Bank of India (RBI) Governor Sanjay Malhotra (Picture credit: Reuters) MUMBAI: The rupee strengthened sharply on Monday, closing at 95.91 against the US dollar, up 66 paise from its previous close, after RBI governor Sanjay Malhotra signalled that the domestic currency was undervalued and highlighted robust foreign currency inflows.The central bank’s supportive…
Beijing accused US artificial intelligence firms Monday of using Chinese examples to train their models, days after Washington threatened sanctions on Chinese firms for allegedly stealing American technology.“It is understood that many American artificial intelligence enterprises have distilled Chinese models during their research, development and training processes,” the Chinese commerce ministry said in a statement.Distillation…
BENGALURU: Canara Bank plans to raise $2.3-2.5 billion through foreign-currency deposits under RBI’s FCNR(B) deposit swap window, its MD and CEO Brajesh Kumar Singh told TOI.The bank has already mobilised around Rs 7,300 crore through the scheme in July. Canara Bank’s loan book grew nearly 18% in the June quarter, outpacing the 11.6% increase in…
NEW DELHI: The Centre has permitted Reserve Bank of India to print 2 billion pieces of polymer notes initially for field trials, govt informed Parliament on Monday.Minister of state for finance Pankaj Chaudhary told the Lok Sabha that the one billion pieces each of Rs 10 and Rs 20 notes, which are hard to find,…
Tata Sons posted a 22% jump in profit in FY26 MUMBAI: Tata Sons posted a 22% jump in profit in FY26, lifted by gains from the listing of Tata Capital – even as its chairman N Chandrasekaran faces a crucial annual general meeting over his future at the conglomerate.Net profit at the holding company of…
MUMBAI: Bond markets need more depth and not just scale so that more enterprises can access market-based finance as the bank-led model will not be sufficient to meet future financing needs, RBI deputy governor Rohit Jain said. He emphasised that this will require more discerning investors to assess levels of risks.“A wider range of enterprises…
MUMBAI: A recent data leak following a cyberattack reported by Bank of Baroda pertained to information in one employee’s email account and that the bank’s systems were robust and unaffected, the bank said.“The bank has robust information security protocols in place. The incident involved compromise of an employee’s email account, resulting in unauthorised access to…
The review found instances of “business overreach” but no evidence of mala fide intent or personal gain MUMBAI: HDFC Bank’s board on Monday imposed a penalty of Rs 1 lakh each on managing director & CEO Sashidhar Jagdishan, chief financial officer Srinivasan Vaidyanathan and group head of retail assets Arvind Vohra, and also issued warning…
The board also issued warning letters to the other employees involved in the case. HDFC Bank‘s board has imposed a monetary penalty of Rs 1 lakh each on its three senior-most executives – Managing Director and Chief Executive Officer Sashidhar Jagdishan, Chief Financial Officer Srinivasan Vaidyanathan and Group Head (Retail Assets) Arvind Vohra. The penalty…
