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    Sensex, Nifty jump nearly 4 pc on US-Iran ceasefire, correction in crude prices
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April 8, 2026
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Monetary policy caution kept the repo rate unchanged as conflict-driven energy and inflation risks weighed on the outlook.
The Reserve Bank of India kept the benchmark repurchase rate unchanged at 5.25 per cent, taking a cautious wait-and-watch stance amid uncertainty over the impact of the West Asia conflict on energy supplies, inflation and growth. The Monetary Policy Committee voted unanimously to retain the status quo, citing higher crude prices, pressure on the rupee and trade disruption.
April 8, 2026
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Monetary policy neutrality and forex stability shape rupee gains as West Asia tensions ease and inflation risks persist.
The rupee strengthened against the US dollar after easing geopolitical tensions in West Asia and supportive domestic market sentiment. The Reserve Bank of India kept the key policy rate unchanged and retained a neutral stance, taking a wait-and-watch approach amid uncertainty over energy supplies, inflation, growth and trade flows. The central bank's projections pointed to higher crude oil prices and a weaker exchange rate in the next financial year.
April 8, 2026
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Natural diamonds celebrated through World Diamond Day as a storytelling campaign on heritage, emotion, and craftsmanship.
The Natural Diamond Council launched World Diamond Day as a global awareness initiative to celebrate the personal, emotional, and heritage value of natural diamonds. The campaign invited artisans, manufacturers, retailers, consumers, and industry stakeholders to share authentic stories about diamonds as symbols of love, milestones, memory, legacy, and craftsmanship. A dedicated toolkit and optional creative assets were made available to participants, while the campaign message emphasised that natural diamonds are timeless heirlooms carrying meaning across generations.
April 8, 2026
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Auto-sweep banking product launches with higher returns on idle balances and anytime liquidity across savings, current and NRO accounts.
CSB Bank launched its Smart Save Account as its first retail offering after upgrading its core banking platform. The product is available in Savings, Current and NRO variants and is designed to improve returns on idle balances while preserving liquidity. It includes an auto-sweep mechanism that transfers surplus funds into fixed deposits, with interest of up to 7% on 13-month sweep-in deposits and no lock-in, so funds remain accessible when needed.
April 8, 2026
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Low interest rates and cautious monetary policy shape the Reserve Bank's stance amid inflation stability and market volatility.
Interest rates are expected to remain low in the medium to long term in view of benign inflationary conditions and strong macroeconomic fundamentals. The Reserve Bank has kept the benchmark repurchase rate unchanged while adopting a cautious wait-and-watch approach to assess the impact of the West Asia conflict on energy supplies, inflation, growth, the rupee and trade flows. Banks have transmitted earlier rate cuts to lending and deposit rates, and currency market steps were said to be temporary measures to curb excessive volatility.
April 8, 2026
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India's GDP growth projection stays resilient despite West Asia conflict, with exports and inflation facing downside risks.
Reserve Bank projected India's GDP growth for the current financial year at 6.9 per cent, noting downside risks from elevated commodity prices, higher energy costs, and supply-chain disruptions linked to the West Asia conflict. Merchandise exports may be affected by shipping, freight and insurance costs, while domestic demand is expected to be supported by services-sector momentum, GST rationalisation, manufacturing capacity utilisation, and healthy financial and corporate balance sheets.
April 8, 2026
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Governance and conduct review found no material concerns in HDFC Bank's supervisory assessment and board review.
The Reserve Bank stated that its supervisory inspection of HDFC Bank did not reveal any governance or conduct-related issues, and that review of the bank's meeting minutes also disclosed no matter of material concern. The RBI reiterated that there were no material concerns on record regarding the bank's conduct or governance, describing HDFC Bank as a Domestic Systemically Important Bank with sound financials, a professionally run board, and a competent management team.
April 8, 2026
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Market rally and unchanged RBI policy follow easing geopolitical stress and a sharp fall in crude oil prices.
Equity markets rallied sharply after a US-Iran ceasefire and a fall in crude oil prices reduced concerns over energy supply disruption and inflation pressure. The Reserve Bank of India kept the benchmark repurchase rate unchanged and maintained a cautious wait-and-watch stance, citing uncertainty from the West Asia conflict, its impact on energy supplies, inflation, growth, the rupee, and trade flows.
April 8, 2026
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Monetary policy stance remains neutral as the policy repo rate is held unchanged amid supply shocks and inflation risks.
The Monetary Policy Committee kept the policy repo rate unchanged at 5.25 per cent, retained the standing deposit facility rate at 5.00 per cent, the marginal standing facility rate and Bank Rate at 5.50 per cent, and continued a neutral stance. The decision was based on resilient domestic growth, contained headline inflation, and heightened uncertainty from geopolitical tensions, supply-chain disruption, energy price pressures, and weather-related risks affecting the inflation and growth outlook.
April 8, 2026
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Personal jurisdiction and extraterritorial reach challenged in SEC fraud action over Indian bond offering and alleged misstatements.
Personal jurisdiction and extraterritorial reach were challenged in a US SEC fraud action arising from an Indian solar-energy bond offering. The defendants argued that the securities were sold outside the United States under Rule 144A and Regulation S, the issuer and alleged conduct were Indian, and the complaint failed to plead a domestic transaction, minimum contacts, or an actionable US nexus. They also denied credible evidence of bribery, asserted no investor losses, and contended that the relied-upon statements were non-actionable corporate puffery.
April 8, 2026
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Monetary policy stance held steady as the RBI weighs energy shocks, inflation risks and growth uncertainty from geopolitical tensions.
The Reserve Bank of India retained the benchmark repurchase rate and the neutral monetary policy stance, adopting a wait-and-watch approach in view of heightened geopolitical uncertainty arising from the West Asia conflict. The central bank assessed the possible effects of disrupted energy supplies, higher crude prices, rupee weakness, supply-chain disruptions and freight-cost pressures on inflation, growth and the current account, while noting that inflation remained within the target band for the time being. It also indicated that the economy faced a supply shock and that the full impact of the conflict would become clearer over the coming months.
April 8, 2026
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Monetary policy remains neutral as the repo rate stays unchanged, with growth and inflation projections set for FY27.
The Reserve Bank's first bi-monthly monetary policy for fiscal 2026-27 kept the repo rate unchanged at 5.25 per cent and retained a neutral monetary policy stance. It projected GDP growth at 6.9 per cent for FY27 and inflation at 4.6 per cent, while noting that the West Asia crisis and elevated energy and commodity prices may weigh on domestic economic activity and production. The Reserve Bank said it would remain proactive in ensuring sufficient liquidity in the banking system.
April 8, 2026
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Retail inflation outlook remains within target as the repo rate stays unchanged amid supply and price pressures.
Retail inflation is projected at 4.6 per cent for the current financial year, within the government-mandated target range. Quarterly CPI-based inflation is estimated at 4 per cent in the first quarter, 4.4 per cent in the second, 5.2 per cent in the third and 4.7 per cent in the fourth, while headline inflation remains contained and below target. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent amid geopolitical uncertainty, energy price pressures, weather-related food risks and supply chain dislocations.
April 8, 2026
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School meal partnership expands nutritious mid-day meals through a centralised kitchen, improving classroom attendance and child nutrition.
Deutsche Bank, under its CSR programme in India, partnered with The Akshaya Patra Foundation to inaugurate a centralised kitchen in Pune for the PM POSHAN initiative. The facility is designed to provide hot, nutritious mid-day meals to 25,000 children in 29 government and government-aided schools, supporting classroom attendance, nutrition outcomes, and access to education. The kitchen operates as a food-safe and hygiene-compliant unit with electric meal-delivery vehicles, reflecting environmental sustainability alongside social impact.
April 8, 2026
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GDP growth projection moderates as supply chain disruption, commodity prices and global volatility weigh on domestic outlook.
India's real GDP growth for 2026-27 is projected at 6.9 per cent, with quarterly estimates of 6.8 per cent in Q1, 6.7 per cent in Q2, 7.0 per cent in Q3 and 7.2 per cent in Q4. The projection reflects elevated commodity and energy prices, supply chain disruptions, and higher freight and insurance costs, while domestic demand is supported by services activity, GST rationalisation, manufacturing capacity utilisation, and healthy financial sector and corporate balance sheets.
April 8, 2026
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Repo rate unchanged as inflation pressures and currency movements keep monetary policy in a cautious stance.
Monetary policy retains the repo rate unchanged at 5.25 per cent with a neutral stance amid inflationary and external market pressures. The decision follows concerns arising from disrupted energy supplies, higher crude prices, and import-linked inflation, while headline retail inflation had moved closer to the medium-term target. The inflation framework also reflects a fresh government mandate requiring the central bank to maintain retail inflation at 4 per cent within a tolerance band of 2 per cent on either side for the next five years ending March 2031.
April 8, 2026
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Financial inclusion through PMMY expands collateral-free credit for small entrepreneurs across banks, NBFCs and MFIs.
Pradhan Mantri Mudra Yojana (PMMY) extends collateral-free institutional credit to small and micro entrepreneurs for non-corporate, non-farm income-generating activities, with the objective of funding the unfunded and broadening financial inclusion. The scheme operates through banks, NBFCs and MFIs, and is structured into Shishu, Kishor, Tarun and TarunPlus categories according to the borrower's credit needs. Loan support covers term finance and working capital across manufacturing, trading, service activities and allied agricultural activities, while interest rates are governed by RBI guidelines and repayment terms are flexible.
April 8, 2026
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Competition Commission approval for hospitality sector acquisition and group restructuring through amalgamation and demerger.
Competition Commission approval was granted for the acquisition of certain equity shares in Fleur Hotels Limited by Coastal Cedar Investments B.V. and the internal restructuring of the Lemon Tree Hotels Limited group through amalgamation and demerger. The transaction concerns a hospitality sector structure in which Fleur Hotels Limited is a subsidiary of Lemon Tree Hotels Limited and owns and leases hotels directly and through subsidiaries, while several wholly owned subsidiaries of Lemon Tree Hotels Limited are involved in the restructuring.
April 8, 2026
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Infrastructure investment trust acquisition of KNR SPVs approved for highway project SPVs under the Hybrid Annuity Model.
The Competition Commission of India approved the proposed acquisition of 100% equity shareholding in KNR SPVs by Indus Infra Trust from KNR Constructions Ltd. The transaction is structured through the trust's investment manager and concerns four special purpose vehicle companies incorporated for infrastructure development projects. Indus Infra Trust is a SEBI-registered infrastructure investment trust governed by the SEBI (Infrastructure Investment Trusts) Regulations, 2014, while the target SPVs operate highway projects under concession agreements on a Hybrid Annuity Model.
April 8, 2026
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Bid rigging in public tenders led to cease-and-desist directions for anti-competitive conduct and proprietor liability.
The Competition Commission of India directed seventeen opposite parties to cease and desist from anti-competitive conduct in tenders for internal and external electrification works in police station buildings across Assam. The proceedings concerned alleged bid rigging by bid rotation and cover bidding, supported by identical mistakes in bids, identical IP addresses, call detail record details, and consecutive demand draft numbers, and the Commission acted under Section 27 for contravention of Section 3(3)(d) read with Section 3(1), with proprietors also held liable under Section 48.

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HSBC INDIA OPENS NEW BRANCH IN NAGPUR TO SUPPORT WEALTH EXPANSION

April 27, 2026

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Expanding wealth services for Affluent, HNW, UHNW, and non-resident Indians in fast growing industrial and wealth corridor.

Union Minister for Road Transport and Highways Nitin Gadkari inaugurates HSBC India's Nagpur branch. Shri Gadkari, together with leadership teams from HSBC India and CORO India, also unveiled a community-led women entrepreneurship project in Vidarbha, aligned with HSBC India's ongoing corporate social responsibility initiatives in Maharashtra.

Nagpur: HSBC India unveiled its new branch in Nagpur, Maharashtra, strengthening the bank’s presence in one of India’s emerging wealth and industrial centres. This is HSBC India’s first branch launch in 2026, following four branch launches in 2025 after the Reserve Bank of India’s approval in January 2025 to open 20 new bank branches in key cities.

Maharashtra, India's largest state economy in absolute terms1, continues to lead on investment, banking activity and GST collections, driven by its diversified economy spanning agriculture, industry and services. With proximity to key freight corridors, Nagpur has steadily emerged as a key economic and industrial hub, for commerce, manufacturing, logistics and services - attracting businesses and investors and creating new pathways for entrepreneurship, wealth creation and international connectivity. As this momentum accelerates, HSBC’s global network and international capabilities can support cross-border ambitions of businesses as well as globally minded individuals and families.

Commenting on the launch, Sandeep Batra, Head of International Wealth and Premier Banking, HSBC India, said, “Nagpur’s growth story is being shaped by rising aspirations, increasing entrepreneurship and deeper links to India’s and the world’s economic corridors. As India’s leading international bank, we remain focused on helping our clients seize opportunities and achieve their ambitions—whether in India or internationally. Our new branch in Nagpur reflects our commitment to delivering exceptional banking solutions right where our customers need us.” As part of the branch launch, Union Minister of Road Transport and Highways Nitin Gadkari, together with leadership teams from HSBC India and CORO India, inaugurated a community-led women entrepreneurship project in Vidarbha, aligned to HSBC India’s ongoing corporate social responsibility initiatives in Maharashtra. In Vidarbha, specifically, the bank is supporting community-led, sustainable livelihoods for tribal communities—an intervention designed to build a replicable, community-based model for sustaining livelihoods. The programme is anchored in enabling leadership within tribal communities, so that social-change processes become sustainable and regenerative over the long term.

With the addition of the new branch, HSBC India continues to expand its footprint in the country as it builds out its wealth proposition for clients across International Wealth and Premier Banking, alongside its Corporate and Institutional Banking franchise. HSBC has maintained a strong presence in India for over 170 years, supporting customers in their financial journeys both locally and globally.

HSBC India opened new branches in Amritsar, Indore, Vadodara and Lucknow in 2025. Further, HSBC India plans to open branches in Bhopal, Bhubaneswar, Dehradun, Faridabad, Jalandhar, Kanpur, Ludhiana, Mysuru, Nashik, Navi Mumbai, Patna, Rajkot, Surat, Thiruvananthapuram and Vishakhapatnam, as part of the expansion plan.

Nagpur Branch Address-HSBC India,Plot No. 2,Pakhar Commercial Complex, Unit No. 101A & 102B,,Upper Ground Floor, Barlingay Layout, Khare Town,Traffic Park Road, Dharampeth, Nagpur – 440010.

Note: 1 Economic Survey of Maharashtra 2025-26 About HSBC Holdings plc: HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 56 countries and territories. With assets of US$3,233bn at 31 December 2025, HSBC is one of the world’s largest banking and financial services organisations.

About HSBC in India: HSBC India offers a full range of banking and financial services through 31 branches across 19 cities. The Bank is at the forefront in arranging deals for Indian companies investing overseas and foreign investments into the country. HSBC is one of India's leading financial services groups, with around 47,000 employees in its banking, investment banking and capital markets, asset management, insurance, software development and global resourcing operations in the country. It is a leading custodian in India.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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