IDBI Bank to seek government nod for LIC’s stake purchase

State-run IDBI Bank on Tuesday said it will seek rgw central government’s nod on the Life Insurance Corp’s (LIC) proposal to acquire 51 per cent stake in the debt-ridden... Read more »

CRISIL First Cut: Core inflation becoming broad-based; IIP droops

Consumer price index (CPI)-based inflation rose another 10 basis points (bps) to 5% in June compared with May, which is more than thrice the 1.5% seen in the same... Read more »

India’s Forex reserves deplete by $1.75 bn

India’s foreign exchange (Forex) reserves depleted by $1.75 billion during the week ended June 29, official data showed on Friday. According to the Reserve Bank of India’s (RBI) weekly... Read more »