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India may cut import taxes for Tesla and other EV makers if they build locally
Tesla wants to enter India with lower import taxes for EVs if they make some cars in India. India is considering the policy, but local carmakers are not happy.
Yes Bank Founder Rana Kapoor granted bail by Mumbai’s PMLA court in money laundering case
In a money laundering case, the Mumbai Special Prevent and Control Money Laundering Court (PMLA) granted Yes Bank founder Rana Kapoor bail.
CBDCs will make cross-border transactions quick and cost-effective: RBI Deputy Governor
The RBI intends to roll out the CBDC gradually throughout the current fiscal year, which ends in March.
Stocks to watch today: Tata Motors, Adani Enterprises, DCW, Delivery and more
Stocks to watch today: The trading session on Tuesday will centre on shares of companies including Delhivery, DreamFolks, L&T, Adani, Tata Motors, and others.
RBI Governor hints considering more rate hikes in coming meetings
Governor Shaktikanta Das said the RBI will also announce a revised inflation projection at its June meeting.
RBI data shows bank credit rose by 10.82% to Rs 120.46 lakh crore
The RBI data has shown bank credit rises by 10.82 per cent to Rs 120.46 lakh crore and deposits by 9.71 per cent to Rs 166.95 lakh crore on May 6, 2022.
RBI sold most foreign currency in March to defend falling rupee
The Reserve Bank of India has sold a net $20.1 billion in the spot foreign exchange market in the month of March to support slipping down rupee against the US dollar.
RBI gets involved to save the rupee at all costs: Reports
According to Bloomberg, India's central bank is intervening in all foreign exchange markets and will continue to do so in order to safeguard the rupee, which hit a new low on Monday.
ICICI Bank Ltd profit could increase by 36-46%, Net Interest Income projected at 20-24%
For the quarter ended March 2022, ICICI Bank Ltd is expected to announce a robust 36-46 percent year-on-year (YoY) increase in net profit.
Credit Suisse to see some losses in Q1 amid geopolitcal crisis
The bank announced on Wednesday that it would set aside an additional SFr600 million ($631 million) for litigation provisions in the first quarter
State Bank of India raises $500 million through offshore funding
The funds were raised at the International Financial Services Centre's GIFT City (Gujarat International Finance Tec-City) branch (IFSC).
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