The Press Editor

Most Indian businesses evaluating cross-border transactions focus almost entirely on headline exchange rates, unwittingly allowing 3 per cent to 4 per cent of their invoice values to leak through hidden costs, intermediary bank fees, and opaque markups. According to Ashwin Bhatnagar, Co-founder, Xflow, this happens because traditional banks quote rates marked down by up to 3.5  per cent without explicitly breaking out the margin. According to experts, growing businesses must shift their focus toward upfront payment guarantees, stringent regulatory accountability, and data-driven decision-making to reclaim control over their margins.   Here are some of the points such businesses should keep in…

The State Bank of India (SBI) is the country's largest public sector bank. The bank offers fixed deposits (FDs) with varying tenures. Senior citizens over 60 receive higher interest rates than regular customers. If you're considering a six-month FD with SBI, it's important to know the bank's interest rates for this term. FDs are fixed-term deposits, and the amount, along with interest, is returned upon maturity. How much interest is SBI offering on a 12-month FD? State Bank of India offers different interest rates to customers in different age groups on 6-month FDs. The bank is offering 5.65 per cent…

Benchmark indices Sensex and Nifty ended in the red after failing to sustain the early gains amid weakness in IT, FMCG, Auto and consumer-durable stocks. The 30-share BSE Sensex closed 183.15 points or 0.24 per cent lower at 77,472.94. During the day, the benchmark hit a high of 77,986.84 and a low of 77,472.94, gyrating 513.9 points. Similarly, the 50-share NSE Nifty ended the session in the red with a drop of 126.80 points to 24,207.75. However, the broader market ended the session green. While the BSE MidCap Select Index gained 42.33 points or 0.22 per cent, the BSE SmallCap…

Today is the last day of the three-day subscription window of the initial public offering of hydraulic fitting manufacturer Hy-Tech Engineers Ltd. The Rs 135.73-crore public issue has so far received 25.44 times subscription. According to data available on the National Stock Exchange (NSE), the IPO received bids for 46,15,87,150 shares against 1,81,45,406 shares on offer. The quota for retail investors was subscribed 31.46 times, while that of non-institutional investors was subscribed 43.35 times. The portion meant for Qualified Institutional Buyers (QIBs) received .24 per cent subscription. While the IPO of Hy-Tech Engineers Ltd was subscribed 7.74 times on the…