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Set aside funds for likely defaults, RBI tells banks

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The Reserve Bank of India has finalised new rules requiring banks to provision for expected loan losses from April 2027, shifting to a forward-looking approach. While stricter than current practices, the norms are less stringent than initially proposed, with a wider scope including small finance banks. Banks will have until March 2030 to fully implement the changes for existing loans. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/4VTzjKy >
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Infosys slips out of top 10 valued companies in country

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Bengaluru-headquartered Infosys has fallen out of India's top 10 most valued companies, now ranking 11th, while Tata Consultancy Services has dropped to sixth. These shifts have been attributed to artificial intelligence-driven disruptions impacting the business models of major Indian software exporters. The information technology sector saw significant sell-offs on Monday. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/piXEqQY >
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India's domestic consumption strongest shield against global shocks: Sitharaman

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Amidst global supply chain disruptions, India's economic leaders are prioritizing domestic strength. Finance Minister Nirmala Sitharaman highlighted the vast Indian consumer base as a key defense, while industry titans emphasised strategic self-reliance in manufacturing and a pivot to green energy. This approach aims to leverage India's demographic dividend and workforce to navigate international volatility and accelerate national growth. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/paklG3R >
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Govt looks at relief measures for airlines as war continues

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/mVFo42E >
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Market recap: Rs 2 lakh crore wiped out from 7 of top-10 firms; TCS biggest laggard

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Indian equity markets experienced a significant downturn, with the top ten most-valued firms losing over Rs 2 lakh crore. Tata Consultancy Services and Reliance Industries bore the brunt of this decline, influenced by geopolitical tensions and weak IT sector commentary. The broader market also saw substantial drops in benchmark indices. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/Rk7yc6u >
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Sitharaman signals Covid-style relief, asks industries to make in India

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/5FGvN9f >
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One nation, one KYC need of the hour: Nirmala Sitharaman

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/LW6cq0D >
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