Niti Aayog provides a Rs 7,500-crore proposal for AI platform, research institutes

Niti Aayog has distributed a cabinet note to provide Rs 7,500 crore for the establishment of AIRAWAT, a cloud computing platform along with research institutes. This is part of... Read more »

SIDBI net up 28% to Rs 519.36 crore in FY19 fourth quarter

Small Industries Development Bank of India (SIDBI) on Thursday reported a 28.22 per cent increase in net profit at Rs 519.36 crore for the March quarter as against Rs... Read more »

RBI asks NBFCs with assets size of over Rs 50 billion to appoint CRO

The Reserve Bank of India on Thursday asked NBFCs with asset size of over Rs 5,000 crore to appoint board-approved chief risk officer (CRO) with who is well qualified... Read more »

RBI creates ‘Vision 2021’ for payment system to improve digital transactions

Aiming at a ‘cash-lite’ society, the Reserve Bank of India Wednesday curated a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system as it expects... Read more »

ArcelorMittal resolution plan violative of IBC: Essar Steel’s Ruia to NCLAT

Prashant Ruia, the promotor of debt-ridden Essar Steel, Wednesday submitted before the National Company Law Appellate Tribunal that the resolution plan moved by ArcelorMittal is in violation of the... Read more »

Passenger vehicle sales drop 17 percent in April, worst dip since 8 years

Passenger vehicle (PV) sales in India dropped by 17.07 percent in April, the sharpest decline since October 2011, as weak customer sentiment led by liquidity crunch, uncertainty revolving elections... Read more »

BSE gets certified with International Standard for Business Continuity Management System, India’s first Indian stock exchange to do so.

BSE, Asia’s oldest exchange and currently the world’s fastest exchange with the speed of 6 microseconds has become India’s first ever stock exchange to get certified with International Standard... Read more »

Impending crisis to be seen in the NBFC sector, says corporate affairs secretary

There is a turmoil in the non-banking financial companies (NBFCs) sector as inefficiencies by some large entities and credit squeeze present a perfect recipe for disaster, a senior government... Read more »

India’s fiscal deficit reaches 4.52% of GDP in February-end says report

India’s fiscal deficit was at Rs 8.51 lakh crore in February-end reaching 4.52 per cent of GDP, a senior Finance Ministry source told a news agency. The receipts are... Read more »

Yes Bank share jumps 6%, even after a downgrade by India Ratings

Yes Bank shares went up 6 per cent in late morning deals on Thursday after slipping nearly 2 per cent in early trade after ratings agency India Ratings (Ind-Ra)... Read more »