RBL Bank and Bajaj Finance Ltd. have mutually decided to stop issuing new co-branded credit cards following discussions that have taken place over the past month. While the change will not affect RBL Bank’s overall credit card business, it marks the end of a significant partnership that previously accounted for a large portion of RBL Bank’s card issuances. As of September 2023, Bajaj Finserv co-branded cards represented 41% of RBL Bank’s total credit card issuances.

The Indian rupee opened flat at 84.24 against the US dollar on Thursday, following a slight dip of 11 paise to close at 84.45 on Wednesday. On Tuesday, it had closed at 84.34. The minor decline reflects the ongoing volatility in the foreign exchange market. The rupee had also opened weaker by 5 paise at 84.39 on Wednesday morning. Analysts predict that the rupee's range for the day will likely stay between 84.30 and 84.50. Anil Kumar Bhansali, head of treasury and executive dire

The Reserve Bank of India (RBI) has cancelled the registration certificates of two non-banking financial companies (NBFCs)—Ulhas Securities Pvt. and Sikar Investment Co.. The registration of Ulhas Securities, based in Gandhinagar, Gujarat, was granted in December 2003, while Sikar Investment, based in Bharatpur, Rajasthan, had been registered in March 1998. The cancellation was carried out under Section 45-IA (6) of the Reserve Bank of India Act, 1934, which allows the RBI to

A major legal battle is unfolding as Gautam Adani, the Indian business magnate, and several of his associates face a $265 million bribery charge in the United States. This indictment, which also implicates his nephew Sagar Adani and executives from an Indian renewable-energy company, is raising significant questions about the extraterritorial application of US laws, especially since those involved do not reside in the US. Prominent Indian-American attorney Ravi Batra highlighted the

In just two days, equity investors faced a staggering loss of ₹13 lakh crore in market valuation as the BSE benchmark Sensex saw a sharp 2.27% drop. The benchmark index shed 1,805.2 points, with a 984.23-point decline on Wednesday, November 13, 2024, ending at 77,690.95. Experts cited soaring retail inflation, which hit a 14-month high of 6.21% in October, persistent foreign fund outflows, and muted corporate earnings as the primary reasons behind the significant market correction

As the season of winter settles in, bringing chilly temperatures and the promise of cozy moments, Kashmir—one of India's most sought-after winter destinations—has witnessed its first snowfall of 2024. The iconic tourist destinations of Gulmarg and Sonamarg&nb

The Indian rupee opened at 84.39 against the US dollar on Wednesday, remaining near its all-time low of 84.4162. The Reserve Bank of India (RBI) is continuing its efforts to stabilize the currency, with analysts Amit Pabari and Anil Kumar Bhansali suggesting that the ce

Many YCP social media activists are facing legal issues, and it’s evident that their former leaders have distanced themselves, with some even fleeing abroad. However, some activists remain undeterred, willing to face arrest and jail time. Despite warnings, certain YCP social media activists persist in their actions, seemingly inviting legal trouble willingly. Who is responsible for their choices? They appear out of control, with neither party leaders nor the party head able to restrain

The Andhra Pradesh High Court has raised concerns over the whereabouts of seven social media activists affiliated with the YSR Congress party who were reportedly arrested by the police for posting abusive messages against political rivals. The court admitted arguments on six habeas corpus petitions filed by the activists' family members and requested CCTV footage from the relevant police stations to determine the activists' status between November 4 and November 7. The state

The serious comments made by Jana Sena Party president and Andhra Pradesh deputy chief minister Pawan Kalyan against the lackadaisical attitude of the police and their alleged soft stand towards YSR Congress party activists seem to have stirred up action within the Naidu government. Hours after Kalyan's remarks, the government took strict action against Kadapa superintendent of police Harshavardhan Raju for being lenient towards a YSRCP activist involved in abusive social media postings a

YSR Congress Party has accused the coalition government in Andhra Pradesh of using the police to intimidate and harass social media activists in an attempt to silence dissenting voices. The opposition party has vowed to fight back against these tactics and continue to question the actions of the ruling coalition. YSRCP Legal Cell President V. Manohar Reddy stated that they will not hesitate to file private complaints against those responsible for the illegal arrests of the party's social

Sajjala Ramakrishna Reddy, a prominent figure in the political landscape, has recently raised concerns about the surge in false cases filed against social media activists in the state. He highlighted that around 50-60 cases have been registered, creating a climate of fear among these individuals. In response, he called for immediate action and solidarity to support those facing legal troubles. Ramakrishna Reddy emphasized the need for constituency coordinators to stand by social med

The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment. Out of the total gold reserves, 510.46

At the inaugural state conference for Tamiliga Vettri Kazhagam in Vikravandi, Villuppuram, actor-turned-politician Vijay delivered a powerful speech aimed at the ruling BJP at the national level and the DMK in Tamil Nadu, though he refrained from directly naming either party. The event, which marked Vijay’s debut political rally, attracted an impressive crowd of over 300,000 supporters. In his address, Vijay declared his commitment to the philosophies of Tamil leaders like Per

The Reserve Bank of India (RBI) has reduced its GDP growth forecast for India to 6.8% for the second quarter of fiscal 2024-25, a decrease of 20 basis points. In its October bulletin titled "State of the Economy," the RBI attributed this revision to a slackening momentum observed in some high-frequency indicators, which were partially impacted by unusual heavy rainfall in August and September. This latest forecast is lower than the previous projection of 7% made by RBI Gov

The Reserve Bank of India (RBI) has taken a significant step by barring four non-banking financial companies (NBFCs) from sanctioning and disbursing loans starting October 21. The companies affected include Asirvad Micro Finance, Navi Finserv, Arohan Financial Services, and DMI Finance. This action comes in light of serious supervisory concerns related to high lending rates and non-compliance with regulatory standards. In a press release, the RBI emphasized its ongoing commitment to

The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

Recent weeks have seen Andhra Pradesh politics mired in controversy, with several YCP leaders facing allegations related to adulterated video calls and illicit relationships. High-profile figures including Ambati Ramababu, Gorantla Madhav, and Avanthi Srinivas have all been implicated in such scandals, casting a shadow over the ruling party's image. The latest development involves TDP MLA

Andhra Pradesh is grappling with severe flooding, particularly in the Vijayawada region, following excessive rainfall. The situation is dire, prompting Chief Minister Chandrababu Naidu to stay in Vijayawada and personally manage relief operations. Naidu’s presence on the ground underscores his commitment to addressing the crisis and supporting affected communities. In contrast, YS Jagan,

The term “Egg puffs” has become a hot topic in Andhra Pradesh following revelations that the previous YCP government spent over Rs 3.5 crore on them for the Chief Minister’s Office. This news sparked widespread criticism of the YCP administration, with many questioning the exorbitant expenditure on such a seemingly trivial item. The controversy intensified as people criticized the government’s financial decisions and priorities. In an unexpected twist, actor