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The Reserve Bank of India has begun consultations with banks on creating a uniform disclosure format for service charges and removing overlapping fees, as the regulator steps up efforts to streamline customer-facing charges, people familiar with the matter told ET.A senior bank executive said the discussions include having a standardised template that clearly itemises service…
NEW DELHI: IndiGo passengers who were stranded at airports on Dec 3, 4 & 5 will receive a travel voucher of Rs 10,000 with a validity of a year from the airline. This will be in addition to the compensation of Rs 5000 to Rs 10,000 “depending on the block time of the flight, to…
Indian corporates with inadequate foreign-exchange hedging could face rating pressure if the rupee weakens sharply, global credit rating agency Fitch Ratings cautioned in a new commentary released on Thursday. The agency said that companies in sectors with limited natural hedges remain the most vulnerable to currency swings, ANI reported.Fitch noted that “in sectors with significant…
Mexico has approved steep tariff hikes of up to 50% from the year 2026 on a wide range of imports from India, China and several other Asian countries in order to protect the national industry and producers, Reuters reported.The bill passed by the Senate on Wednesday with 76 votes in favour, 5 against and 35…
Gold prices surged to fresh highs on Thursday, after the US Federal Reserve delivered its third consecutive interest rate cut, lifting global precious metal markets even as uncertainty lingered over the pace of easing next year. With domestic prices touching new records, Indian buyers are increasingly shifting toward cheaper jewellery options.Gold has jumped sharply from…
Rupee versus dollar (AI image) The Indian rupee tanked to a fresh record low on Thursday, going past the 90 mark versus the US dollar again. The rupee has been depreciating sharply this year, influenced by ongoing challenges on the India-US trade deal front and increased corporate dollar demands.The rupee declined to 90.4675 versus the…
Gold prices surged to fresh highs on Thursday, after the US Federal Reserve delivered its third consecutive interest rate cut, lifting global precious metal markets even as uncertainty lingered over the pace of easing next year. With domestic prices touching new records, Indian buyers are increasingly shifting toward cheaper jewellery options.Gold has jumped sharply from…
MCX Gold prices are showing a firm bullish undertone, and the current market structure suggests the potential for further upside. (AI image) Gold and silver price prediction today: Gold and silver are exhibiting signs of bullish breakout, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold…
NEW DELHI: This is turning out to be a year of mega FDI announcements. Overseas companies – ranging from tech giants to chip makers, auto companies, financial services entities and energy players – have so far in 2025 lined up investments of at least $135 billion into India.While some of the investments have already begun…
MUMBAI: Since the stock market’s Covid-lows in March 2020, the top 100 stocks created wealth worth Rs 148 lakh crore. PSU stocks, long ignored as the also-rans in the race to create investor wealth, were at the forefront of this wealth creation movement during the five-year period to March 2025, the 30th annual wealth creation…
