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SBI to label RCom loan account as 'fraud', to name Anil Ambani in RBI report

India, July 2 -- State Bank of India (SBI) has decided to classify the loan account of troubled telecom company Reliance Communications (RCom) as "fraud" and will report the name of its former directo... Read More


Crude oil futures rise Rs 24 to Rs 5,639/bbl on strong spot demand

India, July 2 -- Crude oil prices edged up by Rs 24 to Rs 5,639 per barrel in futures trade on Wednesday, supported by firm demand in the spot market and increased buying activity. On the Multi Commo... Read More


Silver futures dip Rs 225 to Rs 1,06,488/kg as participants trim positions

India, July 2 -- Silver prices fell by Rs 225 to Rs 1,06,488 per kilogram on Wednesday, as traders reduced their positions at prevailing levels. On the Multi Commodity Exchange (MCX), silver contract... Read More


Gold futures drop Rs 231 to Rs 97,020 per 10g on weak global cues

India, July 2 -- Gold prices declined by Rs 231 to Rs 97,020 per 10 grams in futures trade on Wednesday, weighed down by subdued demand in the spot market. On the Multi Commodity Exchange (MCX), gold... Read More


Rupee Closes 3 Paise Lower at 85.62 Against US Dollar

India, July 2 -- The rupee slipped 3 paise to settle at 85.62 against the US dollar on Wednesday, weighed down by weak domestic equity markets and rising crude oil prices. According to forex traders,... Read More


Indian Bank Lowers One-Year MCLR by 5 Basis Points to 9%

India, July 2 -- State-owned Indian Bank announced on Wednesday that it has reduced its Marginal Cost of Funds Based Lending Rate (MCLR) for one-year tenure by 5 basis points, bringing it down to 9 pe... Read More


Motilal Oswal AMC Crosses Rs 1.5 Lakh Crore in AUM

India, July 2 -- Motilal Oswal Asset Management Company Limited (MOAMC) has achieved a major milestone with its Assets Under Management (AUM) surpassing Rs 1.5 lakh crore across its offerings, which i... Read More


Aurobindo Pharma merges Dutch subsidiaries to Streamline Operations

India, July 2 -- Aurobindo Pharma has announced the merger of its wholly owned step-down subsidiary Pharmacin B.V. with its parent company Agile Pharma B.V., also a wholly owned step-down subsidiary. ... Read More


ESIC Launches SPREE 2025 to Expand Social Security Coverage

India, July 2 -- The Employees' State Insurance Corporation (ESIC) has approved SPREE 2025 (Scheme for Promotion of Registration of Employers and Employees)—during its 196th ESI Corporation Meet... Read More


KPI Green Energy forms SPV to strengthen focus on renewable energy

India, July 2 -- KPI Green Energy Limited announced on Wednesday the incorporation of a Special Purpose Vehicle (SPV) aimed at expanding its presence in the renewable energy sector. In a regulatory f... Read More