Business

The sale may allow the government to say that it is getting closer to meeting its target of raising 800 billion rupees through the sale of government stakes in various entities in the year ending March 31,

By appointing Pischetsrieder, who has served as chief executive of both BMW and Volkswagen, the foundation seeks to address long-standing concerns over its board's composition and whether it is fully qualified to fulfil it role as the largest investor of...

Currently, banks follow system of internal benchmarks, including Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR).

Relations between the Mint Road and North Block soured since late October, after the finance ministry mandarins started consultations under the never-before-used Section 7 of the RBI Act which empowers government to direct the central bank to undertake ce...

Indian buyers have been consistently the highest foreign investors in the emirate's realty sector given its strategic location, high investment and rental yields, capital appreciation and regulations making it an attractive proposition.

In October, LIC announced an open offer for acquiring 26 per cent of equity in IDBI Bank at a price of Rs 61.73 per share, entailing total payout of over Rs 12,602 crore.

The official GDP data released last week had showed that during the four years of present NDA rule the economy grew higher than the previous 10 years of the previous UPA rule, under which, the previously released data showed that the economy grew at the f...

The rupee opened lower at 69.87 against the dollar then dropped further to quote at 70.08, down 50 paise over its previous close.

The German bank is suspected of helping clients to set up offshore companies in tax havens, prosecutors said in a statement. Investigators are also looking at whether Deutsche Bank failed to report suspicious transactions.

A senior DGCA official Wednesday said the regulator is looking to relax the BMI requirements for female cabin crew as they are currently stricter compared to their male counterparts.

According to analysts, positive global market and short-covering ahead of November future and options (F&O) expiry led the indices to extend their rally.

An RBI board meeting had last Monday decided to form a committee, which is likely to be announced later this week.

"Couldn’t understand the why of Dr Viral Acharya’s speech. I am a bit disappointed with this," says DEA Secy Subhash Garg.

The submissions were made by the politician in his rejoinder filed in response to the reply of the probe agency.

During Monday's nine-hour meeting, the board advised the central bank to act to support small businesses and give banks more time to step up capital norms. The government had been lobbying furiously for such moves for weeks.

The present government, Panagariya said, has made a huge progress in implementing reforms including some difficult structural ones such as the Goods and Services Tax (GST) and Insolvency and Bankruptcy Code (IBC) that previous governments had difficulty i...