Canara Bank has approved a capital raising programme of up to ₹8,500 crore for FY2026-27 through Basel III-compliant debt instruments. The move is aimed at strengthening the bank's capital adequacy position and supporting future credit growth. Key Highlights ₹8,500 Crore Fundraising Approved The Board of Directors approved the…
Indian Overseas Bank (IOB) has received regulatory approval from the International Financial Services Centres Authority to establish an IFSC Banking Unit (IBU) at GIFT City, marking an important step in the bank's international expansion strategy. Key Highlights IFSCA Approval Granted IOB received the licence through an IFSCA communication…
India's international financial hub, GIFT City, witnessed strong growth in investor participation during the January–March 2026 quarter, with retail investors emerging as the biggest contributor to the expansion of the fund management ecosystem. Retail Investors Lead Growth The most notable trend during Q4 FY26 was the rapid rise…
Key Highlights The Maharashtra government has approved the Punyashlok Ahilyadevi Holkar Shetkari Karja-mukti Yojana, introducing a comprehensive farm debt relief package that combines loan waivers, one-time settlement (OTS) benefits, and repayment incentives. With this announcement, Maharashtra joins the ranks of states such as Tamil Nadu and Telangana that…
ITC Extends Decline, Hits Fresh 52-Week Low ITC shares continued their downward trajectory on Wednesday, June 3, slipping to a new 52-week low during intraday trading. The stock had ended the previous session with gains of over 1%, but failed to sustain buying momentum as fresh selling emerged.…
Adani Ports Continues Strong Momentum in FY27 Adani Ports and Special Economic Zone has started FY27 on a positive note, reporting significant growth in cargo handling across its extensive port network. The company's latest operational update indicates continued strength in maritime trade activity, supported by rising import-export movement…
Infosys and DNB Bank Strengthen Strategic Relationship Infosys has announced an expanded engagement with DNB Bank ASA as part of the bank's efforts to modernise its financial crime prevention and compliance infrastructure. The partnership represents another significant milestone in the long-standing relationship between the two organizations. As financial…
View on market: Volatility persists, eagerly searching for growth: Global markets remained cautious as investors tracked developments in the Middle East and their potential impact on energy supplies and global trade. Asian markets traded mostly higher, with Japan leading the gains and Australia also closing in positive territory.…
RBI Begins Annual Data Collection Exercise for FY26 The Reserve Bank of India has commenced its annual statistical reporting process for the financial year 2025-26 by launching two key surveys focused on India's external sector. The surveys seek comprehensive information from mutual funds, software companies, IT service providers,…
Fiscal Deficit Target Achieved Through Spending Discipline India's fiscal management strategy in FY26 was marked by a significant reduction in government spending, enabling the Centre to successfully achieve its fiscal deficit target of 4.4% of Gross Domestic Product (GDP). According to official government accounts, the fiscal deficit remained…
