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BUSINESS

RBI slaps Rs 26.82 lakh fine on TransUnion CIBIL
BUSINESS

RBI slaps Rs 26.82 lakh fine on TransUnion CIBIL

Mumbai, Sep 4 — The Reserve Bank of India (RBI) has imposed a penalty of Rs 26.82 lakh on TransUnion CIBIL Limited for non-compliance with certain provisions of the directions issued by it on 'Framework for compensation to customers for delayed updation and rectification of credit information',…

SEBI issues observation letter for Rs 30,000 crore NSE IPO
BUSINESS

SEBI issues observation letter for Rs 30,000 crore NSE IPO

Mumbai, Sep 4 — The Securities and Exchange Board of India (SEBI) has issued an observation letter for the proposed Rs 30,000-crore initial public offering (IPO) of the National Stock Exchange, according to a regulatory update on Friday.The market watchdog issued its observations for the IPO, which…

India's forex reserves hit all-time high of $740.803 billion
NATIONAL

India's forex reserves hit all-time high of $740.803 billion

Mumbai, Sep 4 — India's foreign exchange reserves rose by $11.475 billion to reach an all-time high of $740.803 billion in the week ended August 28, according to data released by the Reserve Bank of India (RBI) on Friday.The increase took the country's reserves up by $49.696 billion from end-March…

Pune poised to become India's GCC capital, says Maha CM
NATIONAL

Pune poised to become India's GCC capital, says Maha CM

Pune, Sep 4 — Maharashtra Chief Minister Devendra Fadnavis on Friday said Pune is rapidly emerging as the country's leading hub for Global Capability Centres (GCCs), with more than 130 centres currently operational and the number expected to cross 800 in the coming years.He reaffirmed the state…

RBI may raise repo rate to 5.75-6 pc in H2 FY27: Report
BUSINESS

RBI may raise repo rate to 5.75-6 pc in H2 FY27: Report

New Delhi, Sep 4 — The Reserve Bank of India could raise its key repo rate to 5.75-6 per cent in the second half of FY27 as it seeks to contain excess banking liquidity and rising inflation amid strong economic growth, according to a report.A report by Union Bank of India said it is expected to see…

FM Sitharaman invites global CEOs to invest in India
NATIONAL

FM Sitharaman invites global CEOs to invest in India

New Delhi, Sep 4 — Finance Minister Nirmala Sitharaman held a series of discussions with CEOs of global companies in New York on the new investment opportunities in digital infrastructure opening up in India’s fast growing economy, according to an official statement posted on X on Friday.In a…

India's non‑tech job demand in GCCs likely to hit 5 lakh by 2028
BUSINESS

India's non‑tech job demand in GCCs likely to hit 5 lakh by 2028

New Delhi, Sep 4 — The non‑tech Global Capability Centre (GCC) roles in India are likely to reach about five lakh by 2028 with digitally enabled business functions emerging as an important growth engine, a report said on Friday.The report from workforce solutions firm Quess Corp said sales…

S. Korean won climbs to fresh 14-month high
BUSINESS

S. Korean won climbs to fresh 14-month high

Seoul, Sep 4 — The South Korean won advanced to a fresh 14-month high against the US dollar on Friday, correlated with a recent strong gain of the Japanese yen.The won was quoted at 1,350.4 won per dollar at 3:30 pm (local time), up 8.9 won from the close of the previous stock trading session,…