Angola central bank cuts rates to 14.75% as inflation slows
Angola central bank cuts rates to 14.75% as inflation slows
Category: Business News & Economy
Uncover the latest corporate headlines, economic policies, macro-level market updates, and industry developments shaping Indian and global markets on FinSiddhi.
Saatvik Green Energy bags order worth Rs 1042 crore from SECI
Saatvik Green Energy has clinched a substantial Rs 1,041.63 crore order from SECI to supply solar PV modules. This pivotal agreement, set to be fulfilled by December 2027, underscores a significant milestone for the renewable energy landscape. With this contract, Saatvik solidifies its position as a key player in advancing clean energy initiatives, promoting sustainable…
Mueller Water Products stock hits 52-week low at 22.73 USD
Mueller Water Products stock hits 52-week low at 22.73 USD
New charges on UPI payments: Here’s what you will be charged for stock market investments
UPI payments for capital market transactions will attract a nominal 0.02% Merchant Discount Rate, capped at Rs 300. The fee covers mutual funds, securities, brokers and dealers, with limited impact expected for long-term investors but greater sensitivity among frequent traders.
Mutual funds, stocks UPI payments to attract 0.02% MDR under new NPCI framework
New UPI rules will introduce a 0.02% merchant discount rate for capital market transactions. This special rate applies to mutual funds and investment platforms, capped at Rs 300. Standard person-to-merchant UPI payments above Rs 2,000 will attract a 0.4% charge. Other sectors like railways and telecom will see a flat Rs 5 fee. These changes…
Agartala-Delhi IndiGo flight diverted to Lucknow after cargo smoke alert; 109 safe
An IndiGo flight from Agartala to Delhi diverted to Lucknow after a cargo hold smoke alert. Emergency teams responded to the IndiGo flight which landed safely with 103 passengers and 6 crew members. This incident follows recent similar alerts involving Air India Express flights.
SBI targets Rs 2.4 lakh crore wealth management market, eyes shareholder value growth
State Bank of India is expanding its wealth management services to existing customers. The bank aims to manage significant investments for affluent clients. SBI is also developing new growth engines like acquisition financing. These initiatives are projected to enhance shareholder value over time. Analysts suggest these new ventures will take time to impact profits.
Apple takes margin hit on iPhone 17 to keep India price competitive
Apple absorbs part of the impact of taxes, import duties and retail margins on the iPhone 17 as it looks to expand its presence in the fast-growing Indian market
FPI onboarding set to get faster as Sebi’s five-day push gains ground
Citi has become the first designated depository participant to launch a five-day fast-track registration process for foreign portfolio investors
India’s current account deficit more than doubles to $7 billion in July
The merchandise trade deficit widened to $31.7 billion in July, while strong capital inflows helped push the balance of payments surplus to $20.8 billion.