Business

The Reserve Bank of India’s (RBI) revised regulatory framework governing interest rates on deposits officially comes into effect on October 1, 2026. The amended directions, notified under Section 35A of the Banking Regulation Act, introduce significant reforms to how commercial banks set, publish, and honor interest rates. Aimed at enhancing …

Indian equity benchmark indices, BSE Sensex and NSE Nifty 50, started Wednesday’s trading session on a flat-to-cautious note. Market participants remained watchful as persistent selling by Foreign Institutional Investors (FIIs) counterbalanced supportive domestic institutional participation and mixed overnight cues from global bourses. At the opening bell, the Nifty 50 hovered …

The Ministry of Finance is set to announce the interest rates for small savings schemes for the October to December quarter (Q3 FY27) today, September 30. Millions of retail depositors, salaried savers, and senior citizens are closely monitoring the upcoming circular to see whether the government maintains the ongoing status …

While the United Forum of Bank Unions (UFBU) deferred its three-day nationwide strike following eleventh-hour conciliation with the Indian Banks’ Association (IBA), the emergency contingency measures deployed to cushion the public have come with a massive price tag. To prevent an extended five-day freeze on financial services, public sector banks …

In a dramatic strategic move aimed at resolving the regulatory deadlock over public listing mandates, Tata Trusts—holding a controlling 66% stake in Tata Sons Private Limited (TSPL)—has formally proposed merging two major operating subsidiaries into the conglomerate’s apex holding company. By amalgamating Tata Electronics Systems Solutions Private Limited (TESS) and …

In a significant endorsement of India’s evolving social welfare architecture, Union Labour and Employment Secretary Chandra Bhushan Kumar termed the upward revision of the statutory wage ceiling to ₹25,000 a “win-win situation” for both employers and the working class. Speaking at the National Conference on Industrial Relations and Labour 2026 …

Amid turbulent geopolitical headwinds, volatile maritime routes, and escalating regional conflicts, India has successfully maintained an uninterrupted flow of vital energy supplies without triggering domestic shortages or extreme price spikes. Addressing industry leaders and international stakeholders, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri asserted that India’s proactive, …

India’s economic engines fired on all cylinders through August as the country’s industrial production witnessed an impressive revival, registering a sharp 8% expansion year-on-year. Driven by an aggressive rebound across core manufacturing segments and sustained domestic consumption ahead of the peak festive quarter, the latest Index of Industrial Production (IIP) …

Noted financial educator and author Monika Halan has strongly welcomed the sweeping regulatory reforms proposed by the Insurance Regulatory and Development Authority of India (IRDAI), while sounding a vital caution over its implementation timelines. Responding to the regulator’s consultation paper on “Recalibrating Economics of Insurance Distribution,” Halan emphasized that persistent …

India’s retail lending market is preparing for a significant transition as unsecured personal loans regain sharp momentum and position themselves to overtake gold loans as the fastest-growing credit category. Following a prolonged two-year consolidation driven by regulatory tightening and borrower leverage scrutiny, personal lending is staging an aggressive comeback. A …