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State Bank of India (SBI) has reduced its savings bank account interest rate to 2.5% for all account balances, effective June 15. This change follows a 50 basis point reduction in the repo rate by the Reserve Bank of India (RBI) last week. Last time SBI cut savings bank rates was on October 15, 2022

In a bid to safeguard rare earth supplies for domestic needs amid growing crisis as a result of the Chinese supply curbs, India has asked state-run miner IREL to suspend a 13-year-old agreement on rare earth exports to Japan. Given the global uncertainty, the focus has shifted on IREL in the Indian context.  Let’s take

Indian equity markets surged in Monday’s session, shrugging off the tension between Israel and Iran. The markets started the session on a flat note, but later picked up the pace.  The Nifty 50 closed the session 228 points or 0.92% higher at 24,947, the Sensex advanced 678 points or 0.84% to end at 81,796.  The

The long-pending issue of tax relief on life and health insurance premiums is likely to be discussed in the upcoming GST Council meeting. According to reports, the Group of Ministers (GoM) constituted on insurance matters may recommend full GST exemption on life insurance and health insurance policies of senior citizens, reiterating its previous recommendations. Ahead

Capri Global Capital has raised about Rs 2000 crore through Qualified Institutions Placement. In an exchange filing, the company said that it has allotted  13,65,18,770 equity shares to Qualified Institutional Buyers. The company allotted the equity shares at an issue price of Rs 146.50 per equity share, including a premium of Rs 145.50 per equity

Indian equity markets slumped in Friday’s session after tension between Israel and Iran heated up. The markets started the session on a gap-down and continued the sell-off. However, not much relief, but markets recovered some lost ground before closing in the red.  The Nifty 50 closed the session 170 points or 0.68% lower at 24,718.60

The global uncertainty and geopolitical tension including the Operation Sindoor has led to significant investor caution across the mutual fund industry. The inflows to equity funds dropped sharply in May to Rs 19,013 crore — the lowest level since April 2024 — according to data released by the Association of Mutual Funds in India (AMFI). Additionally

Senior investment bankers in India earn significantly more than their counterparts in Singapore and Hong Kong, according to Bloomberg Intelligence. The analysis, based on a survey conducted by recruiter Michael Page, revealed that investment banking heads and directors in India’s key financial centers — such as Mumbai and GIFT City — are paid 24 per