These fake circulars and letters, featuring the unauthorized use of NSE Clearing’s logo and letterhead, have been circulating, asking individual investors to make payments concerning their allegedly frozen investment accounts.
Author: BNW News
India’s forex reserves jump $12.588 billion to hit record high of $704.885 billion
India’s forex reserves jumped by $12.588 billion to a new all-time high of $704.885 billion for the week ended September 27, the Reserve Bank said on oCtober 4.
The overall kitty had swelled by $2.838 billion to $692.296 billion in the previous reporting week.
The $12.588-billion surge would be one of the highest weekly rises ever, and this is the first time the reserves have crossed the $700-billion mark.
Sensex, Nifty Drop for Fifth Consecutive Session Amid Middle East Tension
The Sensex and Nifty closed in the red for the fifth straight session on October 4, as rising tensions in the Middle East rattled investor confidence. Fears of potential disruptions to oil…
Mumbai Airport will be closed for six hours on Oct 17
MUMBAI: Flight operations at Mumbai Airport will be closed for six hours on October 17 for carrying out post-Monsoon maintenance work on two cross runways at the facility, Mumbai International Airport Ltd…
Laddu adulteration just tip of iceberg, much more to be probed, says Andhra Dy CM Pawan Kalyan
Addressing a rally here, he said he was not blaming the YSRCP chief YS jagan Mohan Reddy personally on the laddu adulteration, but the previous board of Tirumala Tirupati Devasthanams (TTD), which was constituted during the previous regime.
Latest on Iran-Israel war: Iran fires at least 180 missiles into Israel as regional conflict escalates
Netanyahu said the missile attack was a failure and that Iran would soon learn a painful lesson just as its enemies in Gaza, Lebanon and other places have learned. “Whoever attacks us. We attack them,” he said.
Asia-Pacific Sector Outlooks Are Skewed, Report Says
“We anticipate China’s growth will slow further in 2024-2025. On the other hand, the region’s emerging markets are riding a still-solid export recovery,” said S&P Global Ratings credit analyst Eunice Tan.
Understand salary account interest rates, and maximise your savings with IDFC FIRST Bank
The bank provides a competitive interest rate on salary accounts, which ensures that your savings grow steadily. This feature, combined with the convenience of managing your salary and day-to-day transactions, makes the IDFC FIRST Bank salary account a beneficial choice for salaried individuals.
Is There a Case for Higher Deposit Insurance Coverage in India?
These institutions were rescued by takeovers or bailouts, but the failures of several smaller cooperative banks remain a persistent issue. One consequence of banking failures abroad, especially in the US, has been a shift of depositor funds from smaller banks to larger, more stable ones, driven by a trust deficit. A similar trend could emerge in India, putting smaller banks under pressure.
Mahindra Finance enters into a co-origination partnership with UGRO Capital
Mahindra Finance and UGRO Capital aim to combine their respective strengths under a co-origination structure where UGRO will leverage its data analytics, distribution network and ground presence.