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The Tata Group, one of India’s largest and most respected business conglomerates, is facing growing internal differences over whether its parent company, Tata Sons, should be listed on the stock market. The disagreement is between the group’s two major shareholders — Tata Trusts, which owns about 66%, and the Shapoorji Pallonji (SP) Group, which holds…
Last Updated:October 23, 2025, 10:17 IST Sovereign Gold Bonds: The redemption has been permitted today, and the price has been fixed at Rs 12,704 per unit, which is a 325.3% gain over the issue price of Rs 2,987. The Sovereign Gold Bonds (SGBs) under the 2017-18 Series IV were issued on October 23, 2017. The…
Last Updated:October 21, 2025, 5:36 PM IST The net dollar sale in August stood at $7.69 billion, almost three times higher than in July, marking an aggressive intervention amid pressure on the domestic currency. The rupee weakened by 1.6% against the US dollar in August. The Reserve Bank of India (RBI) offloaded $7.7 billion in…
New Delhi: The Indian economy continues to exhibit resilience amid an uncertain external environment, and remains poised to register high growth, The RBI’s October Bulletin said on Monday. Indicators of capacity utilisation and domestic demand signalled improvement. Lead indicators of manufacturing and services continued to show a robust expansion. Inflation remained benign, well below the…
New Delhi: The Reserve Bank of India (RBI) has announced the premature redemption date and price for the Sovereign Gold Bond (SGB) 2020–21 Series-VII, giving investors an impressive 153 per cent return over five years. According to the central bank’s notification, investors in this tranche can opt for early redemption on October 20 — exactly…
New Delhi: The Premature redemption of Sovereign Gold Bond (SGB) Scheme 2020-21 Series-VII is due today (20 October, 2025), the Reserve Bank of India has said. The Premature redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of…
New Delhi: The Reserve Bank of India (RBI) on Friday announced the results of the auction of two Government of India securities (G-Secs), the 6.01 per cent GS 2030 and the 7.09 per cent GS 2074. According to the RBI statement, the total notified amount for the 6.01 per cent Government Security 2030 was Rs…
Banks have become an essential part of our daily lives. Whether it’s withdrawing cash, depositing funds, or making payments, most of us interact with banks regularly. Cheques remain a common method of payment, and if you’ve ever issued or received one, you’ll know that the amount must be written in both words and figures. But…
New Delhi: The Reserve Bank of India (RBI) on Thursday said that all-India House Price Index (HPI) based on transaction-level data of 18 major cities increased by 3.6 per cent (on-year) in the first quarter of the current fiscal (Q1 FY26). The value of house price index registered a marginal increase in Q1 2025-26, with…
Mumbai: The Reserve Bank of India (RBI) on Thursday announced the appointment of Sanjay Kumar Hansda as Executive Director (ED), effective March 3, 2025. Hansda recently returned to the central bank on October 6, after completing his deputation as Senior Advisor to the Executive Director (India) at the International Monetary Fund (IMF). As Executive Director,…