State-owned Engineers India and MECON as well as four private entities are in the fray for the project to comprehensively revamp RBI's currency management infrastructure in order to cater to future cash needs of the country's fast growing economy. The four private entities are: Accenture Solutions; Colliers International (India) Property Services; PricewaterhouseCoopers and The Boston Consulting Group (India).
The Reserve Bank of India (RBI) announced that it processed 99.9 per cent of applications within the prescribed timeline under its Citizen's Charter in May 2026. The central bank handled 18,763 applications, showcasing efficient processing across various functions.
The Indian rupee is highly vulnerable among Asian currencies, with Barclays and MUFG warning of a potential depreciation towards 100/$ if the West Asia conflict persists, driven by widening current account deficits and elevated crude oil prices.
'The MPC is likely to prioritise the key mandate, which is inflation, while relying on other instruments to stabilise the currency and bond markets.'
Hamirpur Police arrested two individuals involved in a counterfeit currency racket after a shopkeeper was defrauded. The suspects, using fake Rs 200 notes to obtain genuine Rs 500 notes, were identified through CCTV footage and ITMS. Police recovered counterfeit notes and are investigating further.
The Reserve Bank of India (RBI) announced that it processed 99.7 per cent of applications within the prescribed timeline under its Citizen's Charter in April 2026. The central bank handled a total of 21,150 applications, showcasing its commitment to efficient service delivery.
The Securities and Exchange Board of India (Sebi) has proposed a new framework to manage strike prices for options contracts, aiming to ensure continuous availability of suitable contracts even during sharp intraday market swings. This move addresses concerns that extreme price movements can leave traders without appropriate options for hedging or positioning.
Police in Aligarh have recovered incriminating materials, including live cartridges and suspected fake currency, from a room in an Aligarh Muslim University hostel. The raid followed a tip-off and is linked to an ongoing investigation into a recent shooting incident.
India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.
The rupee has been among the The RBI uses the Iran-US peace deal to bolster its forex reserves.
As the rupee weakens, wealthy families are accelerating investments in global assets.
Accenture's revised annual revenue growth forecast and weaker-than-expected fourth-quarter guidance have sent shockwaves through the Indian IT sector, causing major IT stocks and the Nifty IT index to tumble significantly.
The Reserve Bank of India (RBI) has reported processing 99.9% of applications under its Citizen's Charter within the stipulated timeframe in March 2026, demonstrating a high level of efficiency.
Fintech platform Decentro has received final approval for a Payment Service Provider (PSP) licence from the IFSCA at GIFT City, enhancing its cross-border payment capabilities.
Delhi Police busted a prostitution racket operating under the guise of a spa in Paharganj, arresting one man and rescuing five women after a decoy operation.
'We thought everything will be back to normal within one month. Now it's four months and still a final solution is miles away.'
The Reserve Bank of India (RBI) is set to introduce polymer banknotes to address the rising demand for currency, improve durability, and reduce production costs, with a pilot project expected soon.
Investors should do thorough due diligence when selecting a platform.
Net mutual fund inflows into active equity schemes in India plummeted by 40 per cent month-on-month in May, reaching a one-year low of 22,908 crore, primarily due to weaker lump-sum investments and increased redemptions amidst significant market volatility and global uncertainties.
Foreign Portfolio Investors (FPIs) have withdrawn over Rs 62,853 crore from Indian equities in the first fortnight of June, bringing the total outflows for 2026 to Rs 2.87 lakh crore, surpassing the entire 2025 figure, driven by geopolitical tensions, global economic growth concerns, and a weakening rupee.
The central bank is yet to consider actions such as a rate hike or mobilising dollar inflows from non-resident Indians to boost forex reserves as it cannot afford to continue with them for long when the rupee's internationalisation tops its agenda, explains Tamal Bandyopadhyay.
AI-driven job disruption, rising debt, shrinking savings and a changing global economy are reshaping India's middle class. Saurabh Mukherjea discusses jobs, entrepreneurship, investing and the future of India's economic growth on THE REDIFF PODCAST.
The Reserve Bank of India (RBI) announced that it processed 99.8% of applications within the prescribed timeline under its Citizen's Charter in February, demonstrating high efficiency in its operations.
Compared with a year ago, the effective cost of studying abroad for Indian students has increased by roughly 10%-12% due to currency depreciation and rising living costs.
Police in Sonbhadra, Uttar Pradesh, have arrested Rohit Singh, an associate of drug smuggler Prince Singh, who had previously escaped during an encounter. The investigation further led to the apprehension of two more individuals, Pintu Yadav and Satyapal, involved in cultivating and supplying opium and poppy husk from Jharkhand to Punjab. Authorities seized contraband worth Rs 58.75 lakh.
'When I look at India's relative valuations, these are by far the lowest I have seen in my 35-year career.' 'The relative 12-month trailing performance is among the weakest I have seen, and foreign investor positioning is at a 16-17 year low.'
The luxury carmaker plans to drive growth through local assembly of the MINI Countryman, expansion into 10 new cities and a broader product portfolio.
Despite reporting a weaker-than-expected net loss of Rs 2,536 crore for Q4FY26, largely due to a significant non-cash forex loss, analysts remain optimistic about IndiGo's long-term prospects, citing strong demand trends, a favourable pricing outlook, and strategic cost-control measures.
Punjab Police has dismantled the financial infrastructure of drug-trafficking networks, freezing assets worth Rs 300 crore linked to alleged drug smugglers.
The first thing cardholders should do after spotting a suspicious charge is block the card.
From online abuse targeting cricketers' families to paid hate campaigns and bot-driven fan wars, cricket's social media ecosystem has spiraled into a toxic industry driven by outrage, algorithms and commercial interests.
A junior engineer and a driver from the Uttar Pradesh State Construction Corporation were arrested for accepting a bribe to clear a contractor's pending payment in Meerut.
'Wipro's challenge is not lack of ideas. In fact, some of its recent structural moves are arguably bolder than peers.' 'The problem is proving it can operationalise these bets faster and more consistently.'
We who were dreaming of being the third largest economy in dollar terms, have slid back to sixth, thanks to the falling rupee. We are moving about with begging bowls for investments and trade opportunities, which will be a while in materialising, if ever, notes Shreekant Sambrani.
Pharmaceutical major Cipla reported a 3 per cent year-on-year decline in March quarter revenue to Rs 6,541 crore, with net profit falling 55 per cent to Rs 554.6 crore, missing consensus estimates. Despite strong growth in India and Africa, a significant decline in North American sales impacted overall performance, with the company now focusing on new product launches and regulatory filings to drive future gains.
Foreign Portfolio Investors (FPIs) withdrew nearly Rs 33,000 crore from Indian equities in May, bringing the total outflow for 2026 to Rs 2.25 lakh crore, driven by weak earnings growth, rupee depreciation, and more attractive opportunities in other global markets.
Indian stock markets are set to be influenced by developments in US-Iran negotiations, crude oil prices, and foreign investor activity in the upcoming holiday-shortened week, according to market analysts.
The Chhattisgarh Anti-Corruption Bureau/Economic Offences Wing (ACB/EOW) has filed a chargesheet against an SBI manager accused of embezzling over Rs 2.78 crore through fraudulent transactions.
The government plans to expand its central bank digital currency (CBDC)-based food subsidy programme to Chandigarh, Dadra and Nagar Haveli, and Daman and Diu by June, following its implementation on a pilot basis in Gujarat and Puducherry, official sources said.
