Reserve Bank of India (File photo) With the beginning of the new financial year, India’s digital payments landscape is poised for a major security overhaul as the Reserve Bank of India (RBI) rolls out stricter authentication norms from April 1.The move comes in response to rising transaction volumes and increasing fraud risks. RBI aims to…
Top 10 changes to your finances (AI image) It’s the start of a new financial year 2026-27, and from today, April 1, 2026 several small and big changes in the way you manage your finance, and income tax come into effect. Some of the changes affect credit card users, FASTag subscribers, RuPay debit cardholders. Here…
Representative image (AI-generated) With the near-closure of the Strait of Hormuz disrupting global oil supplies, several Asian countries are turning to Russian oil to fill the gap caused by the Iran war.Energy-starved nations in the region are taking advantage of US sanction waivers to secure Russian crude, Bloomberg reported. The Philippines recently received its first…
Since the onset of the geopolitical tensions, the currency has declined by roughly 4%. (AI image) Will the US-Iran war lead to the rupee hitting the 100 per dollar mark? Experts are of the view that a prolonged Middle East conflict may lead to the rupee depreciating even more with policy measures unlikely to offer…
European Union energy commissioner Dan Jorgensen warned that amid the ongoing Iran war, oil and gas prices in Europe are unlikely to return to normal levels anytime soon, even if peace were declared tomorrow.Skyrocketing energy costs have pushed gas prices up by about 70% and oil prices by 60% in Europe since the conflict began.“What…
Representative image (AI-generated) Oil prices rose on Wednesday, with Brent crude climbing above the $100 per barrel mark and US West Texas Intermediate (WTI) crude also gaining sharply.Brent crude rose by 0.63 per cent to $104.63 per barrel. WTI crude rose by 0.95% to $102.34 per barrel, while WTI futures for June rose 46 cents,…
Asian shares rallied in early trade on Wednesday after hopes grew that the Iran war could end soon.MSCI’s broadest index of Asia-Pacific shares outside Japan rose by 2.7%, while South Korea’s Kospi surged as much as 5.5% and Japan’s Nikkei 225 jumped 3.9%.The gains came after US President Donald Trump said that the United States…
Trump said that Tehran is not required to reach an agreement for the conflict to de-escalate. He is expected to address the nation later in the day with an update on the situation. Global equity and bond markets strengthened on hopes that tensions in the Middle East could ease. “Should geopolitical tensions de-escalate further, then…
MUMBAI: Gold loans have emerged as the top product in new originations and the second-largest retail credit book in India at Rs 16 lakh crore, trailing only home loans at Rs 44 lakh crore, according to credit bureau TransUnion Cibil, even as consumer durable loans, largely for mobile phones, have become the main entry point…
MUMBAI: Sammaan Capital, formerly Indiabulls Housing Finance, will pivot to a multi-asset lender spanning personal/gold/MSME loans after its acquisition by Abu Dhabi-based International Holding Company for about Rs 8,850 crore, making it a multinational NBFC.IHC’s affiliate Avenir Investment RSC will take a 41.5% stake via preferential shares/warrants, with scope to cross 63% through a mandatory…