Outstanding NBFC loans against gold jewellery rose 69.3% year-on-year to Rs 3.41 lakh crore at the end of June 2026 (representative image) Loans against gold jewellery by non-banking financial companies (NBFCs) continued to expand sharply in June, growing nearly 70% year-on-year, according to Reserve Bank of India (RBI) data.Outstanding NBFC loans against gold jewellery rose…
The model treaty provisions require foreign investors to exhaust domestic legal remedies for five years before seeking international arbitration to resolve disputes. NEW DELHI: After years of discussion, government has finally got down to reviewing the model bilateral investment treaty (BIT), often cited as a roadblock to attracting investments.“The BIT is under review, and we…
The regulatory push is also being reinforced by changing consumer behaviour and a growing social media influence. NEW DELHI/BANGALORE: Atta, paneer, tea, juices, biscuits, ghee, honey, chocolates, energy drinks — the list of daily consumption items facing regulatory glare is growing, and so is the pressure on consumer goods companies. The scrutiny is not limited…
For nearly 10 years, banks, payment companies, fintechs, NPCI and RBI have collectively invested in technology, cybersecurity, fraud prevention, innovation and customer support The government’s move to lift the legal restriction on banks and platforms from imposing a charge or merchant discount rate (MDR) on UPI transactions, hitherto free, has generated a lot of debate…
India recorded 83,100 AI-related hires during the period, compared with 31,921 layoffs and attrition, according to the report released Friday. India, the world’s back office for many global companies, is emerging as a key test case for artificial intelligence’s impact on employment, with AI-related hiring outpacing job losses so far, according to Nomura Holdings Inc.The…
India faces the prospect of up to 100% Trump tariffs for its Russian crude oil purchases. The US Senate on Friday approved a bill that could allow President Donald Trump to impose tariffs of up to 100% on goods from countries such as India and China that continue to buy Russian oil and gas and…
The move will enable banks to earn a decent spread by deploying funds raised from FCNR(B) deposits where the yields are around 7%. MUMBAI: RBI has exempted advances against fresh FCNR(B) and NRE term deposits from priority sector lending calculations, completing a three-part policy push to boost foreign currency inflows and ease compliance burdens for…
In a filing dated Aug 7, Religare said RBI, in a communication dated Aug 6, informed the company that its application seeking no-objection or prior approval for the scheme “has been examined and that the request has not been acceded to” MUMBAI: Religare Enterprises’ proposed demerger of its financial services business into Religare Finvest has…
For its low-priced packs, Britannia has largely relied on shrinkflation, keeping the retail price unchanged while reducing the quantity in each pack. BENGALURU: Britannia Industries may implement another 1.5-2% price increase next quarter, largely through “shrinkflation” in its Rs 5 and Rs 10 packs, as higher sugar, palm oil and fuel costs continue to weigh…
The unemployment rate dipped to 4.1% only because Americans left the job market US employers unexpectedly cut 23,000 jobs last month, and labour department revisions shaved 1,03,000 jobs off payrolls in May and June. The unemployment rate dipped to 4.1% only because Americans left the job market. Local public schools cut 50,000 jobs in July,…
