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Business / The Siasat Daily

ICICI reverses Rs 50K minimum balance, now Rs 15K for urban areas

New Delhi: Facing widespread outrage, private lender ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in Metro and urban areas. The revision came after a pushback from customers and days after the second-largest bank in the country raised the MAB requirement from Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing

13 Aug 2025 10:19 pm
RBI projected to cut repo rate by 25 basis points in Q4 2025: HSBC

New Delhi: The Reserve Bank of India (RBI) may implement a 25 basis point rate cut in the fourth quarter this year if moderate high-frequency data from June continues, a report said on Wednesday. The high one-year-ahead growth and inflation forecasts from RBI have led some market participants to believe RBI will be hesitant in Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You

13 Aug 2025 12:32 pm
India-UK trade pact to benefit domestic mineral sector

New Delhi: The India-UK Comprehensive Economic and Trade Agreement (CETA) is set to benefit the domestic mineral sector, according to the Ministry of Mines. V.L. Kantha Rao, Secretary (Mines), highlighted the opportunities for the Indian mineral sector, particularly the aluminium industry, in terms of enhanced market access and competitiveness in the FTA partner country. Towards Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on Wha

13 Aug 2025 12:27 pm
Nifty, Sensex open higher in early trade

Mumbai: The Indian benchmark indices opened higher on Wednesday, after the US inflation data raised expectations of a Federal Reserve rate cut. The BSE Sensex advanced 0.22 per cent or 179 points to 80,414 points. The Nifty 50 inched up to 24,557 advancing 70 points, or 0.29 per cent. Broader market indices outperformed the benchmark Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channel

13 Aug 2025 12:24 pm
With inflation set to top 2pc, SBI sees RBI rate cut in December as difficult

New Delhi: As August inflation print likely to top 2 per cent and be closer to 2.3 per cent, a rate cut by the Reserve Bank of India (RBI) in October looks difficult, SBI Research said on Wednesday, adding that even a rate cut in December looks a tad difficult if growth numbers for Q1 Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and i

13 Aug 2025 10:20 am
Paytm gets RBI nod to operate as online payment aggregator

New Delhi: Paytm Payments Services has received the Reserve Bank of Indias nod to operate as an online payment aggregator, its parent firm and Paytm brand owner One 97 Communications said in a filing on Tuesday. The move also removes restriction on Paytm Payments Services Limited from onboarding new merchants which was imposed on the Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channel

12 Aug 2025 9:27 pm
Nifty, Sensex open flat amid mixed global cues

Mumbai: The Indian benchmark indices opened flat on Tuesday amid mixed global cues after the US and China extended their trade truce overnight for another 90 days. The BSE Sensex advanced 0.10 per cent or 80 points to 80,684 points. The Nifty 50 inched up to 24,612 advancing 0.11 per cent. Broader market indices also Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also d

12 Aug 2025 11:51 am
Banks free to decide on minimum balance for savings accounts: RBI

Gozaria: Reserve Bank of India Governor Sanjay Malhotra on Monday said banks are free to decide the minimum balance for savings accounts and that it does not fall under the regulatory domain of the RBI. He was speaking to reporters on the sidelines of a function on Financial Inclusion Saturation Drive organized at Gozaria village Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. Y

11 Aug 2025 9:46 pm
UPI transactions surge 114 pc in 8 fiscals, digital payments up 41 pc: Minister

New Delhi: UPI transactions grew from 92 crore in FY 2017-18 to 18,587 crore in FY 2024-25, with a CAGR of 114 per cent, the Parliament was informed on Monday. During the same period, the value of transactions has grown from Rs 1.10 lakh crore to Rs 261 lakh crore. In July 2025, UPI reached Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android

11 Aug 2025 8:32 pm
Elon Musk-run Tesla set to inaugurate Delhi showroom today

New Delhi: Elon Musk-run electric car-maker Tesla was all set to enter the national capital on Monday with opening its second showroom in India. The US automaker was set to inaugurate its showroom in the upscale Worldmark 3 complex at Aerocity in the national capital. It will cater to customers in the national capital region Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You ca

11 Aug 2025 10:33 am
Sensex, Nifty inch up higher on Monday

Mumbai: Indian benchmark indices began the week higher on Monday, led by gains in the PSU bank stocks. The BSE Sensex advanced 122 points or 0.15 per cent to 79,980 while the Nifty 50 inched up to 24,405, up 42 points or 0.17 per cent. The Nifty Bank rose 0.34 per cent to 55,194. Broader Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android an

11 Aug 2025 10:18 am
Trump yet to decide on tariffs over Chinas Russian oil purchase: Vance

New York: US President Donald Trump has not yet decided on imposing levies on China for purchasing oil from Russia, as Washingtons ties with Beijing affect many things that have nothing to do with the Russian situation, Vice President J D Vance has said. Well, the President said hes thinking about it, but he hasnt Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also down

11 Aug 2025 9:42 am
RBI proposes new rules for easier claim settlements of deceased customers

New Delhi: The Reserve Bank of India (RBI) has proposed new rules to make it easier and faster to settle claims on the bank accounts and lockers of customers who have passed away. The central bank has issued a draft circular, Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Banks) Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also downloa

10 Aug 2025 9:36 pm
Air India starts widebody retrofit, speeds up narrowbody upgrades

New Delhi: Air India on Sunday began the retrofit of its widebody aircraft and is accelerating the refurbishment of its narrowbody fleet as part of a large-scale modernisation drive worth over $400 million. The initiative is aimed at improving passenger comfort, enhancing operational efficiency, and giving the airlines fleet a fresh, modern look. The retrofit Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by

10 Aug 2025 8:51 pm
UK telegraph slams Trump: Tariffs on India unfair & unworkable

Moscow: US President Donald Trumps imposition of tariffs on India is both unfair and unworkable, especially when Europe remains the worlds largest importer of Russian energy in dollars and the biggest contributor to Russian revenues, a report in Britains leading newspaper has cited. Its not just Trumps hypocrisy that has the Indians up in arms Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to o

9 Aug 2025 8:22 pm
SBI General Insurance, Mutual Fund under consideration for IPO

Hyderabad: SBI Chairman C S Setty on Saturday said that SBI General Insurance and SBI Mutual Fund are under consideration for public listing, though no specific timeline has been decided. Setty made the remarks during the launch of Specialised Health Insurance branches of SBI General Insurance in Telangana and Andhra Pradesh. Also ReadFire engulfs fifth Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscr

9 Aug 2025 7:15 pm
Indian Railways introduces discounted Round Trip Package for festive season travel

New Delhi: To avoid rush by ensuring hassle-free ticket booking experience during the upcoming peak festive seasons, the Ministry of Railways on Saturday said that it has decided to formulate a Round Trip Package on discounted fare and rebates benefit. The move will facilitate passengers and redistribute the peak traffic for a larger range during Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing t

9 Aug 2025 2:11 pm
Musks Tesla set to arrive in Delhi on August 11

New Delhi: Elon Musk-run electric car maker Tesla is all set to inaugurate its second showroom in India in Delhi on August 11 after it opened the Mumbai showroom last month. In a post on social media platform X, Tesla posted, Arriving in Delhi stay tuned, along with a graphic showcasing its Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Andr

9 Aug 2025 2:05 pm
Rupee falls 5 paise to 87.63 against US dollar in early trade

Mumbai: The rupee traded in a tight range and fell 5 paise to 87.63 against the US dollar with depreciation pressures still lingering amid persistent trade uncertainty and a firm US dollar backdrop. Forex traders said the rupee is trading in a narrow range as the Reserve Bank of India is protecting it at around Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also downloa

8 Aug 2025 10:06 am
Indian stock market opens lower amid fresh US tariff concerns

Mumbai: The Indian benchmark indices opened lower on Friday amid the fresh US tariff jitters, as selling was seen in the IT and financial service sectors in the early trade. At around 9.38 am, Sensex was trading 272.30 points or 0.34 per cent down at 80,350.96 while the Nifty declined 75.60 points or 0.31 per Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download

8 Aug 2025 9:56 am
From 25pc to 50pc, US slaps penalty tariffs on India for Russian Oil

Washington: US President Donald Trump on Wednesday slapped an additional 25 per cent tariff on goods coming from India as penalty for New Delhis continued buying of Russian oil. Trump signed an executive order imposing the additional tariff less than 14 hours before his initial tariffs were to come into effect. After the order, the Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels.

6 Aug 2025 7:57 pm
Nifty, Sensex open flat on Wednesday

Mumbai: The Indian equity benchmarks opened flat on Wednesday. Sensex gained 64 points or 0.08 per cent at 80,774 while Nifty edged up 16 points or 0.07 per cent to 24,665. Broad cap indices saw higher selling pressure. The Nifty midcap 100 index was down 0.54 per cent and Nifty smallcap 100 index slipped 0.64 Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download

6 Aug 2025 11:15 am
ED questions Anil Ambani for 10 hrs in bank loan fraud case; may be called again

New Delhi: The Enforcement Directorate (ED) on Tuesday questioned Reliance Group Chairman Anil Ambani for around 10 hours in a money laundering case linked to alleged multiple bank loan fraud cases worth crores of rupees against his group companies. The businessman reached the office of the central probe agency in central Delhi in an EV Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our chan

5 Aug 2025 10:29 pm
Airtels Q1 net profit jumps 57 pc to Rs 7,421.8 cr, revenue rises 28 pc

Mumbai: Bharti Airtel Limited on Tuesday reported a strong set of numbers for the first quarter of the current financial year (Q1 FY26), with its net profit surging 57.32 per cent to Rs 7,421.80 crore. The telecom major had posted a profit of Rs 4,717.50 crore in the same quarter previous year, according to its Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also downloa

5 Aug 2025 7:23 pm
IndusInd Bank shares up after RBI approves Rajiv Anand as new MD and CEO

New Delhi: Shares of private lender IndusInd Bank went up on Tuesday, after the Reserve Bank of India (RBI) approved the appointment of Rajiv Anand as its new managing director and CEO. The private lender had suffered a dent in investor confidence after the recent Rs 2,000 crore accounting lapse. The three-year appointment of Anand Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels.

5 Aug 2025 3:16 pm
Sensex, Nifty slip amid new Trump tariff threat

New Delhi: The Indian equities witnessed a subdued opening session on Tuesday amid fresh threat from the US President Donald Trump to impose higher tariffs on India over Russian oil purchase. Sensex declined 199 points or 0.25 per cent to 80,819 (as of 9.30 am). The Nifty slipped 44.05 points or 0.18 per cent to Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also downlo

5 Aug 2025 11:17 am
US will substantially raise tariffs on India: Trump

New York/Washington: US President Donald Trump on Monday, August 4, said he will substantially raise tariffs paid by India to America, accusing the country of buying massive amounts of Russian oil and selling it for big profits. India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also

4 Aug 2025 9:09 pm
Adani Group to invest USD 10billion in Vietnam

New Delhi: The Adani Group plans a long-term investment in Vietnam of up to$10 billion, according to a report in Vietnams Tuoi Tre News. Group Chairman Gautam Adani revealed the investment plan during a meeting with Vietnamese Party General Secretary To Lam in Hanoi, as part of his business trip to Vietnam last week, the Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can al

4 Aug 2025 1:56 pm