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News business markets RBI Rejects Tata Sons Bid To Exit Upper-Layer NBFC, Directs Firm To Go Public Last Updated:September 12, 2026, 9:57 PM IST The RBI first classified Tata Sons as an Upper Layer NBFC in September 2022, giving such entities three years to list. A man stands in front of the Reserve Bank of…
Mumbai12 minutes ago copy link The Reserve Bank of India has rejected the application of Tata Sons, the holding company of Tata Group, to voluntarily surrender its NBFC registration as a core investment company. After this decision of the Reserve Bank, now Tata Sons will have to follow all the strict rules of Upper-Layer Non-Banking…
Last Updated:September 11, 2026, 7:59 PM IST ‘Now it’s only beginning, but we see huge opportunity for digital currency for all settlements between the countries,’ says Sberbank Chief Executive Officer Herman Gref. Sberbank CEO Herman Gref said “we need to bring more Indian exports and more opportunities to the Russian market and this is our…
News explainers US-Iran War, Hormuz To Global Oil Shocks: How India Beat All Odds & Predictions To Achieve 7.8% Real GDP Growth Last Updated:August 31, 2026, 5:47 PM IST Amid US-Iran War, Hormuz To Global Oil Shocks: India’s real GDP grew 7.8 per cent in Q1 FY27. The economic outperformance rests on 3 tactical maneuvers,…
News business economy Indian Economy Showing Resilience Despite US Tariffs, Geopolitical Risks, Says RBI Last Updated:August 26, 2026, 08:29 IST RBI said momentum seen in first quarter of FY27 continued into July, with several high-frequency indicators pointing to sustained activity across manufacturing and services. Despite the external risks, the RBI said India’s “robust macroeconomic fundamentals”…
Shabnam Sinha will be the new chairperson of Airtel Payments Bank. Shabnam Sinha will hold this post of the bank from October 1, 2026. She will replace non-executive chairman Sunil Bharti Mittal, who will step down from the board on September 30, 2026, after completing his 10-year tenure. The appointment of Shabnam Sinha as Chairperson…
Last Updated:August 12, 2026, 4:45 PM IST India’s retail inflation rose to 4.45% in July from 4.38% in June, driven by higher food inflation, with onion, ginger and garlic prices seeing sharp increases. India’s retail inflation rose to 4.45 per cent in July, driven largely by higher food prices. (Photo: PTI) India’s retail inflation rose…
You probably do not remember the last time you paid a fee for a UPI transaction. That is precisely what makes the current debate around UPI so interesting. For millions of Indians, paying Rs 30 for chai, Rs 200 for groceries or sending Rs 500 to a friend has become so routine that the payment…
A few months after the Reserve Bank of India canceled its license, the Delhi High Court has now ordered the complete closure of Paytm Payments Bank Limited. RBI informed about this legal decision on Tuesday. The High Court has appointed former Chief General Manager of SBI Girikumar M Nair as the official liquidator of Paytm…
Plastic notes of ₹10 and ₹20 will soon be seen in the market. Reserve Bank will print notes made of polymer i.e. plastic worth Rs 100-100 crore i.e. total Rs 200 crore. This is a trial of plastic currency, if it is successful then more notes will be printed. The Central Government has approved this….