Global financial markets experienced heightened volatility as renewed military tensions involving the United States and Iran pushed crude oil prices higher while weighing heavily on technology stocks. Investors reacted cautiously to the latest developments in the Middle East, fearing potential disruptions to global energy supplies and a prolonged period of geopolitical instability. The renewed conflict...
Indian equity markets began the trading session on a weaker note as renewed geopolitical tensions across global regions dampened investor sentiment and triggered widespread selling pressure in early trade. Benchmark indices opened in the red, reflecting cautious risk appetite among domestic as well as foreign institutional investors. Market participants reacted to heightened uncertainty in global...
Even in the age of digital banking and paperless transactions, India’s largest lender continues to spend heavily on traditional operations. State Bank of India (SBI) emerged as the country’s biggest spender on printing and stationery during FY25, shelling out a staggering ₹986 crore, highlighting how physical banking services still command enormous costs. The massive figure...
A viral claim circulating across social media platforms has sparked widespread discussion about the future of India’s currency system, with many users alleging that the Reserve Bank of India (RBI) is preparing to replace traditional paper banknotes with plastic currency. However, a detailed fact-check has revealed that the claim is misleading and lacks official confirmation....
Indian equity markets witnessed a sharp decline as investors reacted nervously to rising geopolitical tensions in the Middle East, sparking a broad-based sell-off across global financial markets. Benchmark indices suffered significant losses during the trading session, with the Sensex falling more than 1,000 points and the Nifty slipping substantially amid heightened uncertainty. The sudden downturn...
A viral claim suggesting that the Reserve Bank of India (RBI) sold gold worth nearly $12 billion to protect the country’s foreign exchange reserves has been officially rejected, with authorities clarifying that no such transaction took place. The clarification came after reports and social media posts sparked widespread speculation regarding the central bank’s gold holdings...
The Indian rupee weakened sharply in early trading on Wednesday, touching a historic low of 96.90 against the U.S. dollar, reflecting mounting pressure from global economic uncertainties, rising crude oil prices, and sustained foreign capital outflows. The decline in the domestic currency has intensified concerns among investors, traders, and policymakers about the broader implications for...
The Indian rupee came under significant pressure in early trading on Wednesday, declining by 28 paise to reach 94.77 against the US dollar in the interbank foreign exchange market. The sharp fall reflected mounting global uncertainties, persistent demand for the American currency from importers, and cautious investor sentiment in international financial markets. Currency traders indicated...
In a significant regulatory action, the Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank, marking a major development in India’s financial and fintech landscape. The decision, which came into effect on April 24, effectively bars the payments bank from carrying out banking operations under the provisions of the Banking Regulation...