RBI to close FCNR(B) swaps a month earlier

The Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows. This adjustment follows a positive uptake of the swap facility linked to these deposits, with inflows surpassing previous totals. Meanwhile, the swap schemes fo

India’s Sensex has delivered an extraordinary 8,500% gain since the 1991 economic reforms, compounding at about 14% annually. Despite scams, crises and geopolitical shocks, the benchmark has risen across decades.

Svatantra Microfin has submitted a proposal seeking approval for a ₹3,000 crore initial public offering (IPO). The plan includes a fresh issue of ₹1,500 crore alongside a ₹1,500 crore offer for sale. Notably, major investors Advent International and Multiples will diminish their stakes. The funds ra

India faced a significant balance of payments deficit in the first quarter, reaching $8.1 billion. This setback was predominantly due to capital account dollar outflows. Furthermore, the current account deficit increased to $3.1 billion, largely influenced by rising fuel import expenses which intens

Neo Wealth Partners has taken a significant step by acquiring a 9.9% stake in Keertana Finserv for Rs 230 crore, reinforcing its commitment to the expanding gold loan sector. With the entry of major players like Bain Capital and Tata Capital, Keertana is poised for growth, targeting a portfolio expa