The Reserve Bank’s restructuring initiative for small businesses announced last month will help recast Rs 1 trillion of loans for 700,000 eligible micro, small and medium enterprises, said a top government official.... Read more »
Foreign investors have invested a sum of Rs 5,300 crore in the Indian equity markets in the last six trading sessions, mainly on expectations of higher economic growth. This news comes after... Read more »
What came as a major blow for startups, the Income Tax department has taken money from bank accounts of many startups in lieu of angel tax. Just at the moment when the... Read more »
Asian shares were dim on Wednesday after US President Donald Trump’s State of the Union speech failed to give markets fresh trading a boost, while the Australian dollar fell after the central... Read more »
Wall Street stocks gone down by more than 1 percent on Thursday. There are concerns that the United States and China would not be able to settle on a trade deal intensified,... Read more »
Tata Motors have reported a net loss of Rs 26,961 crore for the quarter ended December 2018 hugely affected by an exceptional item of asset impairment of Rs 27,838 crore. The company... Read more »
On February 7, the Reserve Bank of India (RBI) lowered the repo rate by 0.25 percentage points to 6.25 percent. The repo rate is the rate at which banks borrow from the... Read more »
India Ratings and Research (Ind-Ra) has reportedly maintained a firm outlook on the retail NBFC sector and an unsteady one for wholesale NBFCs. This is specifically for lenders to real estate players... Read more »
Amazon.com Inc’s grocery service will soon be back on its India website. This news came after the online retail giant faced disruption from revised e-commerce curbs which occurred in on Feb. 1. As per new federal rules, companies are barred... Read more »
The US with its strong dollar, rising oil prices and steady U.S. Treasury yields is holding on to recent gains. It however, put pressure on emerging markets on Monday, with their currencies... Read more »