NSE and BSE IFSC units may file for merger by September end

The proposal to merge the Gujarat International Finance Tec-City (GIFT City) units of the National Stock Exchange (NSE) and BSE has reached an advanced stage, and both bourses could file an......

'Cheaper, faster, safer': India, Singapore launch real-time payments link

In the first such collaboration for India, the country’s flagship payments platform, the Unified Payments Interface (UPI), and Singapore’s PayNow payment system have launched a......

As shares plunge, Adani FPO subscribed only 1% on opening day

A follow on share sale of Adani group's flagship company was on Friday subscribed just one per cent on the opening day as shares plunged after a scathing report by a US short seller. Photograph:......

Banks rush to woo depositors ahead of festive season

At a time when growth in bank credit is outstripping that of deposits, several lenders, including the country’s largest bank, State Bank of India (SBI), have raised deposit rates ahead of the......