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business

Govt Eases Rules for Export Payments in Rupees, Boosts Rupee Trade

DGFT allows exporters to invoice and settle payments in rupees with non-ACU countries, making rupee exports eligible for trade policy benefits and supporting India’s push to internationalise the currency.

SBI revises BSBD cash withdrawal charges; Rs 15 fee beyond four free transactions

SBI will charge Rs 15 plus applicable GST per cash withdrawal beyond four free monthly transactions from BSBD accounts, effective October 1.

LIC gets RBI nod to raise HDFC Bank stake to 9.99%; LIC, HDFC Bank stocks gain

RBI approval allows LIC to increase its stake in HDFC Bank from the current 4.11 per cent, subject to regulatory conditions and SEBI norms.

Market

Indian markets rebound as softer US yields lift investor sentiment

Sensex climbs 558 points and Nifty gains 147 points as falling US bond yields, FII buying and short-covering fuel a recovery after a 12-session losing streak.

IndiGo Website Faces Technical Glitch, Passengers Unable to Book Tickets or Check In

IndiGo said its core reservation platform was facing intermittent technical issues, affecting online ticket bookings and check-ins, with teams working with a partner to restore services.

RBI in ‘Wait and Watch’ Mode on Policy Rate Recalibration: MPC Minutes

RBI Governor Sanjay Malhotra said the central bank would wait for greater clarity on inflation before considering any recalibration of the policy rate, while MPC members highlighted growth resilience and persistent inflation risks.

India, Malaysia Deepen Cooperation in Public Administration, Governance Reforms

India and Malaysia reaffirm commitment to stronger cooperation in governance reforms, capacity building, digital government and public service delivery, with a focus on AI and technology-driven solutions.

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