Business

The Reserve Bank of India cut the repo rate by 50 basis points to 5.5%, decreasing EMIs for borrowers and making new loans more affordable. This move lowers the interest rate at which RBI lends to banks, typically leading to reduced consumer loan rates. Fixed deposit holders may experience decreased returns due to banks adjusting…

Ensuring personal financial health in today’s fast-paced world is crucial but often overlooked. While many focus on budgeting and saving, lesser-known tricks can significantly enhance financial well-being. Discover five such overlooked ways to boost your financial health and achieve greater stability and peace of mind in your daily life. Automating savings through regular transfers from…

Today, silver prices in India soared to an all-time high of ₹1,04,000 per kilogram due to intense trader demand and global uncertainty, with a trading volume of 17,560 lots. Analysts note that the price surge is fueled by new positions taken by traders. Global silver prices dipped slightly despite the surge in India. In New…

Managing finances may appear daunting without professional help, but with some structure, anyone can handle their own. By taking a few steps, you can organize and make mindful financial decisions. Here are five key steps to manage your finances without needing an accountant. Start by making a comprehensive budget listing all income and expenses, including…

US President Trump postponed the 50% tariff on EU goods from June 1 to July 9, 2025. This was after a talk between Trump and EU Commission President von der Leyen where she affirmed willingness to discuss trade seriously. The delay aims to facilitate possible trade deal discussions between the US and EU. The threat…

Airtel, along with Reliance Jio and Vodafone Idea, proposed a joint plan to combat telecom fraud in India amid increasing cybercrime complaints and significant financial losses. Their aim is to enhance scam detection, prevention, and mitigation through real-time intelligence sharing and cross-network coordination. The rise in cybercrime complaints is attributed to advanced tactics like phishing…

Foreign Institutional Investors (FIIs) withdrew ₹11,591 crore from India last week due to market volatility and global factors like the US credit downgrade by Moody’s. Despite this, their net purchase in May stands at ₹13,835 crore, indicating their continued interest in Indian markets. US President Trump on Friday warned of a 25% tariff on Apple…

The RBI has formed a new six-member Payments Regulatory Board (PRB) to regulate India’s payment systems, replacing the current Board for Regulation and Supervision of Payment and Settlement Systems (BPSS). The PRB, which will have government nominees, will be overseen by the RBI Governor. The RBI Governor will chair the PRB, which will include 3…

Zomato-backed Shiprocket, specialized in D2C brand shipments, is preparing to submit a draft prospectus to SEBI for its IPO to raise ₹2,000-2,500 crore. Shiprocket’s board has approved the IPO plan and aims to file its papers within two days through SEBI’s confidential route as reported by the Economic Times. Companies utilize the confidential filing route…

Mumbai’s CSMIA raised its User Development Fee from May 16 as approved by AERA. The increase will apply to tickets issued between May 16 and March 31, 2029, causing higher costs for passengers departing from Mumbai. The updated fee structure includes added UDF charges for domestic passengers departing and arriving in Mumbai: ₹175 for departure…