Bankers pitch RBI-backed FX hedge

MUMBAI: Banks have made a host of suggestions on how govt could attract $30–$50bn foreign exchange, most of them involving the central bank subsidising the hedging cost of the foreign exchange.While the interest rate differential between India and the US is far less than the 4–5% in 2013, bankers say that the macroeconomic fundamentals are…

Read More

Elevation Cap to sell 1.3% Paytm stake

MUMBAI: Elevation Capital, an early backer of One97 Communications which owns fintech Paytm is selling about 1.3% stake in the company worth Rs 964 crore through block deals on Friday, the term sheet of the deal showed.The floor price of the offer, set at Rs 1,121 per share, is at a 3% discount to Paytm’s…

Read More

IPL 2026 Playoff Qualification Scenarios: With 4 matches to go, what RR, PBKS, KKR and DC need to grab final spot – paths for each team explained | Cricket News

RR frontrunner for the final playoff spot (Pic credit: IPL) The race for the final IPL 2026 playoff spot is down to four teams after Gujarat Titans crushed Chennai Super Kings by 89 runs in Ahmedabad to officially eliminate CSK from contention and almost seal a top-two finish for themselves.Three teams who are already confirmed…

Read More

Zepto plans to float Rs 11k cr IPO in July

New Delhi : Quick commerce platform Zepto plans to launch its Rs 11,000-crore IPO in July, people familiar with the matter said on Thursday. If the listing goes through, Zepto will join rivals Zomato and Swiggy, which are already listed on stock exchanges. The startup secured approval for its maiden public issue from Sebi earlier…

Read More

BSF’s All-Women Team Makes History by Summiting Mount Everest | India News

Photographed: Constable Kouser Fatima (Ladakh), Constable Munmun Ghosh (West Bengal), Constable Rabeka Singh (Uttarakhand), and Constable Tsering Chorol (Kargil) NEW DELHI: The Border Security Force’s first-ever all-women Mount Everest expedition team has successfully summited the world’s highest peak, scripting history under #MissionVandeMataram.The team comprising constable Kouser Fatima from Ladakh, constable Munmun Ghosh from West Bengal,…

Read More

LIC profit rises 19.3% to Rs 57,419 crore

Mumbai : LIC reported a 19.3% rise in standalone profit after tax to Rs 57,419 crore for FY26, with a 41.6% surge in value of new business, reflecting improved product mix and steady premium growth. The insurer’s total premium income rose 9.8% to Rs 5,35,984 crore in FY26 from Rs 4,88,148 crore a year earlier….

Read More