The currency unit opened at 73.11 per US dollar at the interbank forex market and inched 7 paise higher to 73.10 over its previous close

The pandemic-led crisis has accelerated an overdue transition to digitalisation in business processes and enhanced efforts to address slow-burning issues such as liquidity management, cash, diversification, and capital

First advance estimates of national income highlight three key imperatives to revive growth: generate demand and investment cycles by directly spending more and reverse import substitution

Setting up a BIC as a holding company or a core investment company was suggested by the P J Nayak Committee in its report on 'Governance of Boards of Banks in India'

RBI has been trying to tighten regulatory norms on the sector since Infrastructure Leasing & Financial Services, the largest nonbank financial company, went bankrupt in 2018, and Dewan Housing Finance Corp and Altico Capital defaulted on payments in 2019

On the positive side, BofA Securities said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling

The instant loan apps offer loans to individuals and levy exorbitant interest rates and processing charges. These could range from 2-3 per cent per month, adding up to an average of 24-36 per cent a year

Farm bills have potential to represent important measure for agri reforms in India: IMF The International Monetary Fund (IMF) believes the farm bills passed by the Indian government have the potential to represent a significant step forward for agricultural reforms, a spokesperson of the organisation said here. There is, however, a need to strengthen the social safety net for those who might be adversely affected by the transition to the new system, Gerry Rice, Director of Communications at...

Google said it will be implementing strong measures to prevent abuse following reports that these fake loan apps were targeting vulnerable borrowers and then going to extreme lengths to recover money

It is an unending saga of gross negligence despite the services sector being the main driver of India's growth story; contributes the most to GDP and is arguably the largest employer too

Besides Facebook, the parliamentary committee, led by Congress MP Shashi Tharoor, may also summon micro-blogging site Twitter

This is the lowest point in retail inflation since March last year, when it was pegged at 5.84 per cent, marking a return to the comfort range of 2-6 per cent prescribed by the Reserve Bank of India for the first time in nine months

India's public debt-to-GDP is expected to touch 90 per cent. The RBI says the COVID-19 events are increasing sovereign debt to levels that have intensified concerns relating to sustainability

In February last year, RBI had announced a revised Liquidity Management Framework (LMF) that was simplified and \"clearly communicated\" the objectives and toolkit for liquidity management

How the FM can make it a 'never before' Budget. Top experts weigh in

TCS, ONGC, SBI, L&T, Infosys, HCL Tech, ICICI Bank and Axis Bank were among the gainers. On the other hand, HDFC, Asian Paints and Reliance Industries were among the laggards

The stock gained 1% in last week after brokerage Edelweiss Securities said it believes that YES Bank among other listed companies may be re-classified as large-cap stocks in the semi-annual Association of Mutual Funds in India (AMFI) review later next month

The central government issued dated securities worth Rs 3,46,000 crore in the first quarter as against Rs 2,21,000 crore in the same period a year ago

The stock price of the private lender opened higher at Rs 17.70 today and gained to day's high of Rs 17.81 on BSE. Later, the stock erased early gains and fell 1.3% to hit an intraday low of Rs 17.49, against the last close of Rs 17.73

The RBI paper, authored by Harendra Kumar Behera and Michael Debabrata Patra, finds that there is a steady decline in trend inflation to 4.1- 4.3 per cent since 2014