Indian Chamber of Commerce asks US to reconsider GSP withdrawal, removal of Iran oil waiver

The Indian Chamber of Commerce Thursday said it has prodded the US government to take a long-term decision on business ties with India, citing key instances like withdrawal of... Read more »

SC warns RBI on disclosure rules that could diverge RTI queries

The Supreme Court has asked the Reserve Bank of India (RBI) to reveal certain information regarding annual inspection reports of private banks and non-performing assets under Right to Information... Read more »

RBI to create liquidity in the market, competes with its rate cut

The Reserve Bank of India’s announcement of new open market purchases of government bonds is a sign the central bank is using great efforts to increase the economic impact... Read more »

Disclose IL&FS provisions in Q4 accounts says RBI to banks

Even as its petition is pending at the National Company Law Tribunal (NCLAT) have asked for review of the ban on banks classifying the IL&FS accounts as non-performing assets... Read more »

RBI divests in NHB, Nabard ; government now owns 100% stake

The Reserve Bank of India has recently exited the National Housing Bank (NHB) and the National Bank for Agriculture & Rural Development (Nabard), divesting its entire stakes to government... Read more »

Mahindra Finance sees net profit growth of Rs 588 crores, total income rises to Rs 2,480 crores

Mahindra Finance announced its audited financial results for the quarter ended March 2019. Mahindra Finance has seen a stellar growth of 87% in net profit to Rs 588 crores... Read more »

Indiabulls promoters to divest in realty business, Blackstone and Godrej roped in

Indiabulls Group chairman has said that the company is looking to divest the real estate business, its proposed merger of Indiabulls Housing Finance Ltd with Lakhsmi Vilas Bank. The promoters are... Read more »

Microfinance sector recovering however, risk of overleverage continues, says Icra

The risk of over-leveraging in the microfinance sector has risen owing to the changing landscape of the sector, varying interpretation of the RBI guidelines as well as some gaps in the... Read more »

Minority shareholders in ITC drag NCLT against Hotel Leelaventure

Diversified group ITC Ltd has moved the Mumbai Bench of the National Company Law Tribunal (NCLT) against luxury hospitality group Hotel Leelaventure Ltd, alleging oppression and mismanagement. ITC has... Read more »

Oil prices extend its gains as US ends waivers on Iran crude

Oil had longer gains after rising to a six-month high Monday as the Trump administration said it will no longer give any country a pass on sanctions barring purchases of... Read more »