Business
RBI to Keep Rates Unchanged, Next Move Likely a Cut: Reuters Poll
The Reserve Bank of India (RBI) will keep interest rates unchanged at its meeting on Thursday and as inflation is below target while borrowing costs are more likely to fall than rise, a Reuters poll found.
Five Associate Banks, BMB Merge With State Bank of India
Five associates and the Bharatiya Mahila Bank became part of the State Bank of India (SBI) on Saturday, catapulting the country's largest lender to among the top 50 banks in the world.
India to Cut Iranian Oil Purchases in Row Over Gas Field
State refiners will cut oil imports from Iran in 2017/18 by a fifth, as New Delhi takes a more assertive stance over an impasse on a giant gas field that it wants awarded to an Indian consortium, sources familiar with the matter said.
Use of Bitcoin Illegal, Can Attract Anti-money Laundering Law
The government on Tuesday said use of virtual currencies like Bitcoins is not authorised by RBI and could result in breach of anti-money laundering provisions.
Softbank Draws up Plan to Merge Snapdeal with Its Rival Flipkart
Japanese investor Softbank is keen for a merger of Snapdeal with its domestic rival Flipkart, Moneycontrol reported on Tuesday, citing sources.
General Insurance Premium Set to go up From April 1
Car, motorcycle and health insurance will cost more from April 1 with regulator Irdai giving go-ahead to insurers for revision in commission for agents.
Tata Capital Launches Mobile App to Offer Personal Loans
"Digital data allows for a more holistic picture of a customer than financial metrics. With the launch of the app, we aim to sustain our digital presence through new and unique application that uses financial and alternate information during the borrower'...
Trump Tries to Rally Support for Healthcare Bill as US Markets Drop
President Donald Trump tried to rally Republican lawmakers behind a plan to dismantle Obamacare on Tuesday as U.S. stock markets showed their worst one-day performance since the November election.
Stocks Down to a Reality Check, Sensex Gives up 130 Points
Stocks were in exhale mode today as the Sensex lost over 130 points to reverse two days of climb and the Nifty got off the record after an eventful last week amid mixed global cues.
'Power, Sugarcane Arrears, Bundelkhand Top Issues For UP CM'
The new Uttar Pradesh government will have to meet immediate challenges of ensuring quality power supply and find a lasting solution for arrears of sugarcane farmers, Assocham said on Sunday.
India Should Revive Iran-Pakistan-India Gas Pipeline: Parliamentary Panel
India should consider reviving the long-delayed Iran-Pakistan-India (IPI) gas pipeline following easing of sanctions on Tehran, a Parliamentary panel has said.
Nifty Hits Record, Rupee at 17-month High as Fed Sticks to Gradual Pace
After the US Federal Reserve hiked its benchmark interest rate a quarter point for the second time in three months, the Indian equity markets reacted positively and the key indices opened higher on Thursday.
I-T Issues 5,100 Notices for Suspicious Post-demonetisation Deposits
The income tax department has issued about 5,100 notices for high-value suspicious deposits post demonetisation and people have admitted to undisclosed income of over Rs 5,400 crore, Parliament was informed on Wednesday.
BJP's Win in UP Lifts Nifty to Record High, Sensex Opens Above 500 Points
Crucial state election results lifted the domestic equity indices during the early morning trade session on Tuesday.
'Markets Likely to Cheer BJP's Strong Show in UP, Uttarakhand'
Stock markets are expected to cheer the stunning victory of BJP in UP Assembly polls and may scale to new highs on hopes of further economic reforms, say experts.
New Rs 10 Notes With More Security Coming Soon, Old Ones to Remain Valid
The Reserve Bank of India (RBI) will soon issue Rs 10 denomination notes with enhanced security features for circulation.
