Economy

New Delhi: EPFO has cautioned all its members against visiting or engaging with third-party companies or agents for EPFO-related services, as this may expose their financial data to third-party entities. These external entities are not authorised by EPFO and may charge unnecessary fees or compromise the security of personal information of members, according to an

Mumbai: JPMorgan on Monday downgraded HDFC Asset Management Company (HDFC AMC) to ‘neutral’ from ‘overweight’, citing slowing equity inflows and a stabilising asset allocation trend among households. The global brokerage firm has kept its target price unchanged at Rs 5,000, saying the stock is already fairly valued at its current levels. According to JPMorgan, India’s

New Delhi:  The National Payments Corporation of India (NPCI) and the Institute for Development and Research in Banking Technology (IDRBT) on Thursday signed a memorandum of understanding (MoU) to work together on strengthening cyber security and resilience in India’s fast-growing digital payments ecosystem, including UPI. This partnership aims to improve the overall safety of digital

New Delhi: Systematic Investment Plan (SIP) inflows reached an all-time high of Rs 26,688 crore in May, from Rs 26,632 crore in April, according to data released by the Association of Mutual Funds in India (AMFI) on Tuesday. The highest-ever inflow of SIP shows that people are investing in mutual funds from a long-term perspective.

New Delhi: Union Finance Minister Nirmala Sitharaman on Monday received a dividend cheque of Rs 8,076.84 crore on behalf of the government from the State Bank of India (SBI) for the financial year 2024-25. The cheque was presented to the Finance Minister by SBI chairman CS Setty at her office in the presence of senior

New Delhi:  Union Finance Minister Nirmala Sitharaman on Monday said that India is embracing a cashless revolution with world-class digital initiatives like unified payments interface (UPI). In the last 11 years, India has seen a remarkable journey under the leadership of Prime Minister Narendra Modi, the finance minister said on a post on X. “India

Mumbai:  The Indian stock market witnessed strong positive momentum this week, helping nine of the country’s ten most valued companies collectively add Rs 1,00,850.96 crore to their market capitalisation. This rally came as the benchmark Sensex rose by 737.98 points, or 0.90 per cent, reflecting overall optimism in equities. Among the top gainers, HDFC Bank

New Delhi:  The Reserve Bank of India (RBI) has chosen to frontload its rate cuts, turning to support growth amid benign inflation prospects, according to a Crisil report, which expects one more repo rate cut this fiscal (FY26), and a pause after that. The global ratings agency also expects India’s GDP at 6.5 per cent

New Delhi: Lending rates are expected to drop by about 30 basis points (bps) after the recent cut in policy rates, according to a new SBI report. This change will be felt most immediately in loans linked to the External Benchmark Lending Rate (EBLR), which account for around 60 per cent of all loans given

Mumbai:  After starting the week with consolidation, the domestic market exhibited resilience amid concerns over tariff wars and geopolitical escalations, analysts said on Saturday. Markets consolidated for the third consecutive week but managed to end higher by nearly a per cent, buoyed by favourable domestic cues. After remaining range-bound for most of the week, benchmark