Business

May 28, 2025 7:54 AM

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India’s FDI inflows surge 14% to over $81 billion in FY 2024–25

India has received foreign direct investment (FDI) inflows worth 81.04 billion US dollars in the financial year 2024-25. It reflects a 14 per cent increase from 71.28 billion US dollars in the financial year 2023-24. The  Ministry of Commerce and Industry, in a statement, said that the services sect...

May 27, 2025 6:09 PM

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Domestic markets end with losses of around 0.7%

The benchmark domestic equity indices ended with losses of around 0.7 percent weighed down by FMCG, IT, and auto sectors and weak global cues in a volatile trade today. The 30-share index at the Bombay Stock Exchange, Sensex, dropped 625 points, or 0.76 per cent to close at 81,552. The National Stoc...

May 23, 2025 8:29 PM

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RBI Fines Union Bank ₹63.6 Lakh, Lendbox ₹40 Lakh for Regulatory Violations

The Reserve Bank of India (RBI) has levied fines on Union Bank of India and Transactree Technologies Pvt Ltd for breaching regulatory norms. Union Bank was fined 63.60 lakh rupees for failing to transfer eligible funds to the Depositor Education and Awareness Fund and collecting collateral on small ...

May 23, 2025 7:10 PM

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RBI Approves Record Rs 2.68 Lakh Crore Surplus Transfer to Centre for FY2024-25

The Central Board of Directors of the Reserve Bank of India (RBI) has approved a record transfer of over 2.68 lakh crore rupees as surplus to the Central Government for the financial year 2024-25. The decision was taken during a board meeting chaired by RBI Governor Sanjay Malhotra in Mumbai.   The ...

May 22, 2025 6:01 PM

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US markets close sharply lower

US stocks closed sharply lower on Wednesday as Treasury yields soared on concerns that the country's federal debt would swell if Congress passed President Donald Trump's proposed tax-cut bill. The Dow Jones Industrial Average shed 1.91 percent, S&P 500 lost 1.61 percent, and Nasdaq Composite dro...

May 22, 2025 4:58 PM

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Sensex down by 645 pts, Nifty dips 204 pts at close

  The benchmark domestic equity indices today slipped into negative territory, weighed down by weak global cues. The 30-share index at the Bombay Stock Exchange, Sensex, dropped 645 points, or 0.79 percent to close at 80,952. The National Stock Exchange Nifty-50 dipped 204 points, or 0.82 percent to...

May 21, 2025 8:55 PM

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FRI to detect financial fraud on mobiles

Department of Telecommunications (DoT) has introduced Financial Fraud Risk Indicator (FRI), a multi- dimensional analytical tool to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobi...

May 21, 2025 6:03 PM

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Eight core industries record 0.5% growth in April 2025

The combined Index of Eight Core Industries (ICI) expanded by 0.5 per cent in April this year compared to the same period a year ago, according to a government release on Tuesday. The index measures the production of eight core industries and constitutes about two-fifths of the country’s industrial ...

May 19, 2025 5:34 PM

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GeM emerges as largest procurement platform globally 

  Government e-Marketplace (GeM) has emerged as one of the World's largest and most efficient public e-procurement platforms, setting new benchmarks in accessibility and affordability. The Chief Executive Officer of GeM, Mihir Kumar said this while addressing a press conference in New Delhi on the o...