Five state-owned banks, including PNB, Bank of Baroda and Union Bank, Thursday received shareholders’ approval for capital infusion of Rs 21,428 crore in lieu of preferential allotment of shares... Read more »
Former Reserve Bank of India (RBI) governor Raghuram Rajan on Wednesday questioned the ‘minimum government and maximum governance’ promise of the Narendra Modi regime, saying the state has gained more power... Read more »
Reserve Bank of India is likely to cut repo rate by 25 basis points in the April policy due to weak economic activity, benign inflation and soft global growth,... Read more »
Prime Minister Narendra Modi, addressing the nation on Wednesday said that India has attained anti-satellite capability, becoming the fourth such country in the world. He said that the mission... Read more »
The Reserve Bank of India (RBI) has fined Punjab National Bank (PNB) Rs 2 crore after it found out that it violated the compliance with regulatory directions regarding SWIFT... Read more »
The Congress proposal of Nyay, a monthly payout of Rs 6,000 to the poorest 20 per cent, can better assessed with more progressive taxation, which could include a wealth tax... Read more »
A day after the government announcement of Public Sector Banks (PSUs) bailout plan for Jet Airways, businessman Vijay Mallya lashed out at the PSUs for “double standards” under the... Read more »
India’s industrial production is expected to stay muted in the near term, on account of weak exports, rural distress, credit constraints and uncertainty over the election outcome, a report... Read more »
Housing finance companies (HFCs) have been facing tight liquidity conditions since September 2018 and this has pushed them to lower their disbursements and meet a sizable portion of their... Read more »
Global rating agency Fitch has cut its India’s economic growth forecast to 6.8 per cent for 2019-20 from the earlier estimate of 7 per cent due to weak momentum in manufacturing and agriculture.... Read more »