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RBI proposes to raise lending limit against shares to Rs 1 cr

MUMBAI, Oct. 1 -- The Reserve Bank on Wednesday proposed to raise the lending limit for banks against shares to Rs 1 crore and for IPO financing to Rs 25 lakh per person, a move that will increase the... Read More


Business chambers file petition challenging VAT collection without refund system and abolition of SVAT

Sri Lanka, Oct. 1 -- The Free Trade Zone Manufacturers' Association (FTZMA), the National Chamber of Commerce of Sri Lanka (NCCSL) and the Sri Lanka Chamber of Small and Medium Industries have filed a... Read More


Tax on power almost doubled for commercial, industrial users

India, Oct. 1 -- The state government has almost doubled the additional tax on the sale of electricity to commercial and industrial users (additional Tose), to meet its target to provide solar pumps t... Read More


Measures to promote use of INR for int'l trade announced

MUMBAI, Oct. 1 -- In a bid to promote the use of domestic currency for cross-border settlements, the Reserve Bank on Wednesday announced a slew of measures, including allowing banks to lend in Indian ... Read More


'No proposal to levy charges on UPI transactions'

MUMBAI, Oct. 1 -- Reserve Bank Governor Sanjay Malhotra on Wednesday said there is no proposal to levy any charge on UPI transactions. The governor also said the central bank is examining a proposal ... Read More


Slew of measures announced to help exporters

Mumbai, Oct. 1 -- The Reserve Bank on Wednesday announced a host of measures to help exporters tide over challenges posed by the imposition of 50 per cent tariffs by the US administration on Indian sh... Read More


Markets rebound after 8-day slump

MUMBAI, Oct. 1 -- Market benchmarks rebounded sharply on Wednesday after an eight-session losing streak, with Sensex jumping 715 points, propelled by bargain hunting in bank and financial stocks after... Read More


Indian Rlys emerging as global exporter: Min

New Delhi, Oct. 1 -- Indian Railways is rapidly emerging as a global exporter of critical railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the 'Make in India, M... Read More


Stock market today: Trade setup for Nifty 50, RBI repo rate decision, Trump tariff pressure; 7 stocks to buy or sell

Stock market news, Oct. 1 -- The domestic benchmark indices, Sensex and Nifty 50, ended lower on Tuesday after a day of fluctuating prices, representing the eighth consecutive session of declines due ... Read More


US government shutdown: Will Donald Trump, furloughed federal workers get salaries? What we know so far

New Delhi, Oct. 1 -- Will federal workers, furloughed or not, receive salaries as the US government shuts down amid a standoff between Republicans and Democrats over the contentious funding bill? Here... Read More