Indian financial news

Retirement fund body EPFO fixed 8.15 per cent  rate of interest on employees' provident fund (EPF) deposits for 2022-23 at its  meeting on Tuesday. In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low…

While most global metal majors are up in the 2023 calendar year, every metal producer in India is down. Devangshu Datta reports. Photograph: Amit Dave/Reuters Given wild swings, investors are wondering where the metal market is going.…

Historically, March has been a volatile month for Indian equity markets. To begin with, it marks the end of a financial year, wherein there is some compulsive portfolio rebalancing trade by large funds — domestic and foreign. Retail…

Amid mass layoffs in the tech sector, the federal agency for immigration services has said it is wrong to assume that sacked workers holding the much-sought-after H-1B visas have to leave the country within 60 days, asserting they have…

Economic stagnation is the advance payment for polarisation, which extracts a terrible price. One of the most heartening and fraternal features of intergovernmental fiscal relations in India to date has been the progressivity of the…

The Supreme Court has dismissed an appeal filed the  customs department against Adani Power Maharashtra Limited (APML), Adani Power Rajasthan Limited (APRL) and others in a case pertaining to alleged over-valuation of imported goods.…

Air India Express and AirAsia India have moved to a unified reservation system, whereby passengers can make bookings for both airlines through an integrated website. Photograph: Olivia Harris/Reuters The move is part of the ongoing process…

Analysts say domestic banks' dependence on local depositors insulates them from the crisis. IMAGE: A general view of First Citizens Bank logo in Solana Beach, California, March 27, 2023. Photograph: Mike Blake/Reuters The US banking…

Markets regulator Sebi has simplified the procedural requirements for onboarding of Foreign Portfolio Investors (FPIs) in a bid to facilitate ease of doing business and to reduce the time taken for their registration. The regulator…

UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank’s India employees a glimmer of hope. Photograph: Arnd Wiegmann/Reuters The surprise deal — engineered by the Swiss government —…