IndusInd Bank’s deputy CEO resigns after Rs 1,960 crore accounting lapse
Arun Khurana, IndusInd Bank’s deputy CEO, resigned with immediate effect following the discovery of a Rs 1,960 crore accounting discrepancy linked to internal derivative trades
29 April,2025 06:19 PM IST | Mumbai | mid-day online correspondentStock market today: Indices open flat amid weak global cues and tariff concerns
Indian equity indices opened flat on Wednesday, reflecting cautious investor sentiment amid global trade tensions and fresh US tariff concerns. Gains in banking and finance stocks balanced losses in IT and auto sectors
17 April,2025 11:10 AM IST | Mumbai | mid-day online correspondentAffordable housing stock drops 19 per cent in Q1, luxury stock up 24 per cent
A new ANAROCK report reveals a 19 per cent annual drop in unsold affordable housing across India's top seven cities by Q1 2025-end, driven by limited new supply and end-user demand. Meanwhile, unsold luxury housing stock rose 24 per cent during the same period, mainly due to increased launches and cautious investor sentiment.
14 April,2025 01:39 PM IST | Mumbai | mid-day online correspondentRBI announces six key measures to strengthen India's banking, fintech, payments
The central bank also plans to harmonise the regulations governing non-fund-based credit facilities, such as bank guarantees and letters of credit, across financial institutions
09 April,2025 01:16 PM IST | Mumbai | mid-day online correspondentRBI cuts repo rate to 6 per cent to support growth amid global uncertainties
In a move to bolster growth amid global headwinds, the Reserve Bank of India has reduced the repo rate by 25 basis points to 6 per cent. The central bank remains cautiously optimistic about domestic growth and inflation projections.
09 April,2025 11:13 AM IST | Mumbai | mid-day online correspondentStock markets remain shut for Holi, trading to resume on March 17
The holiday marks the arrival of spring and has resulted in a pause in trading activities on the domestic stock exchanges. The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) announced the closure of all market segments, including derivatives, securities lending and borrowing (SLB), equity, and currency trading
14 March,2025 11:04 AM IST | Mumbai | mid-day online correspondentIndusInd Bank stock falls 23 percent to 52-week low on derivatives discrepancies
IndusInd Bank shares dropped 23 percent, hitting a 52-week low, after revealing discrepancies in its derivatives portfolio, with an estimated impact of Rs 1,500 crore.
11 March,2025 01:24 PM IST | MumbaiMarkets rebound after five-day slump as Sensex and Nifty recover
After a five-day losing streak, Sensex and Nifty rebounded in early trade on Tuesday, driven by value buying and DII support despite continued FII selling.
25 February,2025 11:00 AM IST | MumbaiIndia can certainly achieve over 7 percent growth, says RBI Governor Malhotra
RBI Governor Sanjay Malhotra expressed confidence that India can achieve a growth rate of over 7 percent and should aspire to do so. Speaking at the post-MPC press conference, he emphasised the balance between inflation control and economic growth, highlighting RBI’s optimistic outlook on inflation and monetary policy.
07 February,2025 02:38 PM IST | New DelhiRBI forecasts 4.2 percent inflation for FY26, a decline from FY25 estimate
The Reserve Bank of India has projected a retail inflation of 4.2 percent for FY26, down from 4.8 percent in FY25, citing favourable food conditions but warning of global uncertainties and volatile energy prices.
07 February,2025 11:18 AM IST | MumbaiReduced repo rates to keep residential momentum going, Anuj Puri highlights
Anuj Puri, Chairman of ANAROCK Group, discusses the impact of the RBI's repo rate reduction on the housing sector, affordable housing buyers, and the broader real estate market.
07 February,2025 10:54 AM IST | MumbaiNifty, Sensex end flat on Budget day; FMCG and realty stocks rally
The Indian stock market ended nearly unchanged on Budget day, with Nifty and Sensex closing flat after a volatile session. While FMCG and realty stocks surged, IT, banking, and metal sectors faced selling pressure
01 February,2025 04:39 PM IST | MumbaiRupee falls 14p to 86.59 against dollar
At the interbank foreign exchange, the rupee opened on a positive note at 86.28 against the greenback
22 January,2025 08:13 AM IST | Mumbai | AgenciesUnion Budget 2024: How will budget impact your Income, Savings & Taxes?
The Union Budget 2024 was announced on 23rd July by Finance Minister Nirmala Sitharaman. While the budget touched upon varied sectors of priorities for the government, it has raised several questions for the middle class. Are the taxes simplified enough? Will the standard deductions given matter much? What should be the right approach to investing? In the episode of Money Matters, Certified Financial Planner and SEBI Registered Investment Advisor Kalpesh Ashar in conversation with Mid-day’s Katyayani Kapoor explains various aspects of personal finance related to this year’s budget. From the widening of the tax slabs, raising STT on F&O, and raising taxes on Capital Gains to the new pension scheme for minors, in this video Kalpesh Ashar busts the myth and explains how these reforms can impact you.