Giri world

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Tuhin Kanta Pandey has been named the new chairman of Sebi, succeeding Madhabi Puri Buch. Pandey, a 1987-batch IAS officer with extensive experience in finance, is known for his adherence to rules and clean image. He will face the challenge of addressing staff issues at Sebi and maintaining confidence among stakeholders. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jorvELV >

A weak rupee is increasing costs for Indian students studying abroad, exacerbated by tighter post-education work visa norms in the UK and Canada. This could lead to longer loan repayment periods or higher EMIs. Experts suggest locking in foreign exchange rates early and seeking scholarships to reduce financial burden, while recommending students to focus on emerging fields for better job prospects. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/MG0Kc8b >

The rupee fell 51 paise, closing at 87.2 per US dollar, marking its sharpest decline in three weeks. Regional currency weakness, importer hedging, and dollar demand pressured the currency. The fall is linked to the expiry of NDF contracts and weak sentiment in Asian markets. Analysts expect the rupee to depreciate further with the pace depending on RBI's interventions and foreign outflows. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pg4BXEa >

Foreign funds have sold over Rs 2 lakh crore worth of Indian stocks since October last year, driven by weak earnings growth, falling rupee returns, and US market resilience. Market players note that India is not currently attractive enough for foreign investments, and higher US bond yields are also affecting their decisions. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PWpZUoc >

Tata Capital's board has approved plans for an IPO to list by September, comprising fresh shares and stake-sale, potentially valued at $1.7 billion. This move complies with RBI's mandate for 'upper-layer' NBFCs. Tata Sons, holding 93% of Tata Capital, plans to sell shares to support other ventures, while maintaining a significant stake post-listing. A rights offering worth Rs 1,504 crore has also been approved. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5Q4VmOW >

The RBI has eased restrictions on lending to non-bank finance companies and microfinance institutions by lowering risk weights for bank credit. This move aims to boost lending capacity and support economic growth, reversing the slowdown observed after previous regulatory measures. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hNsonz7 >

The Sensex dropped for the fifth consecutive session, closing at an eight-month low of 74,454 points. Weak global sentiment and substantial foreign fund outflows affected the market. IT, telecom, and metal stocks led the decline, while the broader Nifty also fell significantly. Despite the selloff, optimistic forecasts suggest potential recovery. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i5PKo7w >

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The Reserve Bank of India (RBI) fined Citibank NA, JM Financial, and Asirvad Micro Finance for regulatory non-compliance. Citibank was penalized Rs 39 lakh for credit data breaches, JM Financial fined Rs 1.5 lakh for non-disclosure of interest rate rationale, and Asirvad Micro Finance fined Rs 6.2 lakh for failing to report borrower income and other omissions. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/utoNrzn >

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Elon Musk may be finally moving forward with launching Tesla's electric cars in India, following recent discussions with Prime Minister Narendra Modi. Tesla has advertised for retail positions in Mumbai and is expected to import cars initially, encouraged by recent government policies and incentives. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PB0oNuq >

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India's deposit insurance fund of nearly Rs 2 lakh crore ranks third globally but covers only 46.3% of deposits due to a Rs 5 lakh coverage limit. Calls for higher coverage have been reignited, particularly for senior citizens and small depositors, following recent banking issues. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/T8l1D9c >

A Mumbai court has remanded Hitesh Mehta, a former general manager of New India Cooperative Bank, and Dharmesh Paun in police custody until February 21 for allegedly misappropriating Rs 122 crore. The Reserve Bank of India has taken control of the bank's board and imposed withdrawal restrictions amid ongoing investigations. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Ynu4B69 >

Labour and employment minister Mansukh Mandaviya emphasized the Modi government's priority on industry and trade to elevate India to a developed nation by 2047. Highlighting initiatives like 'Make in India' and 'Startup India', he noted the increase from four to 118 unicorns over the last decade. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/oayEdUg >

Foreign funds have withdrawn over Rs 1 lakh crore from the Indian stock market in 2025, impacting investor sentiment and causing the rupee to weaken. This outflow, combined with a strong dollar and rising US bond yields, has led to an ongoing market decline and increased volatility. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0xWXcC7 >

Finance minister Nirmala Sitharaman expressed confidence in moderating inflation while emphasizing that the government and RBI are monitoring the price situation. She addressed concerns regarding the fluctuating rupee and defended Budget calculations against criticism. Sitharaman highlighted the measures taken to manage food inflation and assured that the steps taken are realistic despite global economic uncertainties. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/syleaOZ >

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On Tuesday, the sensex and Nifty closed lower for the fifth straight session due to weak global and domestic cues. Trump’s tariffs and ongoing US trade policy uncertainty, along with a weak rupee and continuous foreign fund outflows, impacted market sentiment. Sensex dropped by 1,018 points, Nifty by 310, and mid- and small-cap indices saw significant losses. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/WlwjSJZ >

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Bajaj Auto plans to enter the domestic e-rickshaw market by the end of this fiscal, anticipating a significant opportunity in the 45,000 units-per-month segment. The company aims to launch a modern e-rickshaw, enhancing satisfaction for owners and passengers. Additionally, Bajaj Auto seeks to boost its electric scooter market share with its newly introduced '35 platform'. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ykV7aCE >

Finance minister Nirmala Sitharaman emphasized that coordinated fiscal and monetary efforts by the government and RBI will boost consumption. She noted early signs of strong orders for the next fiscal, indicating a recovery in consumption and potential private investment. Her remarks followed income tax relief measures and an RBI rate cut, highlighting collaboration with the RBI to maintain economic stability. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ak2GQZU >

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Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real estate companies. This amendment overturns a Supreme Court judgment favoring ITC on leased buildings. Experts suggest investors' confidence may be affected and legal challenges are expected from taxpayers. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/mhvYgsW >

Prime Minister Modi invoked Goddess Lakshmi on Budget-eve, later Indian taxpayers received significant tax relief. Finance Minister announced revised tax slabs where the biggest benefit is for those earning up to Rs 12.75 lakh, making their tax liability nil. Changes include rebates up to Rs 60,000 and altered tax rates for various income brackets. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/o48wO5h >

DGCA fined Air India Rs 30 lakh for allowing a first officer to fly without fulfilling the mandatory recency requirement of three take-offs and landings. The violation occurred on July 7, and multiple alerts were ignored by rostering controllers. Air India has been ordered to take action against three senior rostering officials and inform DGCA within 15 days. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RsCKduk >

High electricity markups for industrial users in India reduce their global competitiveness, as highlighted by the Economic Survey. Rationalizing tariffs is complex due to the financial health of distribution utilities and political risks. Increased generation capacity and reduced demand-supply gap have marginally improved power supply. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/q1ne9RP >

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