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File photo for representational purposes only. | Photo Credit: Reuters The rupee settled on a flat note on Friday (August 7, 2026), higher by just 2 paise at 95.22 (provisional) against the U.S. dollar, on heightened risk aversion due to fragile negotiations between Iran and Oman over the Strait of Hormuz. Forex traders said risk…
Read More “Rupee settles on flat note, up 2 paise at 95.20 against U.S. dollar” »
State Bank of India core net interest income rose nearly 15% to ₹46,992 crore on the back of a 18.63% increase in gross advances, while the domestic net interest margin contracted to 3%. File | Photo Credit: The Hindu State Bank of India on Friday (August 7, 2026) reported a 13.73% increase in its June…
Read More “SBI Q1 profit rises 14% to ₹24,113 crore on better core income, lower provisions” »
MSMEs contribute 31% to India’s GDP, 36% to the country’s manufacturing and 41% to its exports. Image for representation | Photo Credit: B. Jothi Ramalingam The Lok Sabha on Friday (August 7, 2026) passed without a debate a Bill that seeks to empower and tackle the issue of delayed payments faced by micro, small and…
Read More “Lok Sabha passes MSME Development Amendment Bill without debate” »
Image used for representational purposes. File | Photo Credit: Reuters The rupee traded in a narrow range and depreciated 6 paise to 95.28 against the U.S. dollar in early trade on Friday (August 7, 2026), tracking a firmer dollar and a rise in U.S. treasury yields. Forex traders said dollar demand from importers and profit-taking…
Read More “Rupee falls 6 paise to 95.28 against U.S. dollar in early trade” »
Image used for representational purposes. File | Photo Credit: Reuters Market benchmark indices Sensex and Nifty declined in early trade on Friday (August 7, 2026), dragged down by financial stocks and rising crude oil prices. The 30-share BSE Sensex declined 235.36 points to 78,699.80 in early trade. The 50-share NSE Nifty dipped 24.30 points to…
Read More “Stock markets down in early trade dragged by rising crude oil prices” »
When urban cooperative banks (UCBs) — built on community trust — enter the public discourse, unfortunately, the first image to surface is that of Madhavpura Mercantile Cooperative Bank (MMCB) and Punjab and Maharashtra Cooperative (PMC) Bank. Poor governance, political interference, dual regulation, concentrated lending, weak capital structure and technology deficiency sum up for the failure…
Read More “RBI gives Urban Cooperative Banks new lease of life | Explained” »
Thenhi village becomes the first ‘PM Surya Ghar’ Model Village in the district under the Prime Minister’s Surya Ghar Free Electricity Scheme with the installation of a 142-kilowatt community solar plant, in Dhamtari on Wednesday | Photo Credit: ANI India’s flagship PM Surya Ghar scheme has seen daily rooftop solar installations surge more than three-fold…
Life Insurance Corporation of India’s (LIC’s) standalone net profit for the June quarter rose 22.81% year-on-year (YoY) to ₹13,492 crore on higher premium income and a surge in value of new business (VNB). Total premium income of the State-owned insurer increased 6.75% YoY to ₹1,27,250 crore. CEO and MD R.Doraiswamy said despite increasing competition in…
Read More “LIC Q1 net up 23% to ₹13,492 cr on higher premium and new biz” »
As of August 4, thermal power plants have about 34.55 million tonnes. File. | Photo Credit: Reuters India has adequate coal stocks to meet approximately 62 days of the domestic power sector’s consumption requirements, the Union Coal Ministry informed Thursday. As of August 4, thermal power plants have about 34.55 million tonnes (MT) of coal,…
Read More “India has coal stocks to meet 62 days of power demand: Coal Ministry” »
The compressed biogas plant at Brahmapuram currently processes about 50 tonnes of biodegradable waste a day | Photo Credit: The Hindu The Union cabinet on Thursday approved the National Circular Bioenergy Scheme – GOBARdhan, provisioning a ₹23,731-crore as part of efforts to catalyse the growth of compressed biogas (CBG). The GOBARdhan (Galvanising Organic Bio-Agro Resources…
Read More “Union Cabinet approves ₹23,371 crore GOBARdhan scheme to fuel CBG sector growth” »