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BusinessToday.In
New Delhi, June 12, 2020
While gold reserves declined by $3.29 billion to $32.352 billion in the week ended June 12, India's special drawing rights with the IMF rose by $10 million to $1.44 billion


Anand Adhikari
New Delhi, June 12, 2020
The banking system, which already has 9 per cent gross NPAs, now faces the danger of more loans slipping into NPAs. There are already some Rs 40 lakh crore of term loans under the RBI's six-month moratorium


Chitranjan Kumar
New Delhi, June 12, 2020
RBI panel will examine and review the extant licensing and regulatory guidelines relating to ownership and control, promoters' holding, requirement of dilution, control and voting rights


BusinessToday.In
June 12, 2020
NSO field staff had to supplement price data with their personal purchases from neighbourhood outlets as they could not visit specified markets due to travel restrictions


BusinessToday.In
New Delhi, June 12, 2020
The Delhi Medical Association has sought the intervention of Union Home Minister Amit Shah into alleged non-payment of salaries of resident doctors at various health facilities under the North Delhi Municipal Corporation; The Reserve Bank of India (RBI) has proposed capping the tenures of banks' chief executive officers (CEOs) and whole time directors (WTDs); India's trade with mainland China and Hong Kong declined by over 7 per cent to $109.76 billion in FY20, its steepest fall since FY13. Watch this and more on News Blast.Also Read: Coronavirus patients treated 'worse than animals': SC slams Delhi government


PTI
June 12, 2020
New rates will now range between 7.65-7.95 per cent for existing salaried home loan customers


BusinessToday.In
New Delhi, June 12, 2020
Deferring the case to June 17, the apex court says it is trying to do a \"balancing act\"; says it's only concern in these proceedings is only whether interest that has been deferred for three months will be added to charges payable later


BusinessToday.In
New Delhi, June 12, 2020
India overtakes UK, becomes 4th worst-hit country from COVID-19 virusIndia has overtaken the United Kingdom in terms of coronavirus cases to become the fourth worst-hit country with a caseload of 2,97, 205. India is now at the fourth spot, only behind the US (20,76,495 cases), Brazil (7,87,489) and Russia (5,02,436), as per Worldometer figures.India asks UK govt to not consider Vijay Mallya's asylum requestIndia has asked UK authorities to not consider absconding liquor baron Vijay ...


PTI
June 12, 2020
The central bank has barred the co-operative bank from selling, transferring or disposing any of its properties or assets


BusinessToday.In
June 11, 2020
Thereafter, the individual shall be eligible for re-appointment as whole time director or CEO only after the expiration of three years, the RBI said


Niti Kiran
June 11, 2020
The HeroMotocorp, Power Grid, Nestle and Mahindra & Mahindra, settled the trade just a shy of 1 per cent.  The biggest losers included SBI and Sun Pharma which fell over 5 per cent during the day


BusinessToday.In
June 11, 2020
The Dow Jones fell 856 points or 3.2 per cent to open near 23,133, while the S&P 500 plunged 84 points or 2.6 per cent to open near 3,106. The Nasdaq Composite opened 220 points or 2.2 per cent lower, near 9,800


Rupa Burman Roy
June 11, 2020
Equity market indices fell sharply by Thursday's afternoon session tracking bearish cues from European markets that opened in red on US Federal Reserve's projections that the world's biggest economy would shrink 6.5% this year


Reuters
June 11, 2020
Lilly is also doing preclinical studies of a third antibody treatment for the illness caused by the new coronavirus that could enter human clinical trials in the coming weeks, Chief Scientific Officer Daniel Skovronsky said


BusinessToday.In
New Delhi, June 11, 2020
There's need for ensuring flow of credit to NBFCs with \"concrete credit backstop\" to address risk aversion in system, says RBI study


E Kumar Sharma
June 11, 2020
Vaidyanathan was closely associated with state level planning in Kerala, Karnataka and Tamil Nadu. He was actively involved in developing India's statistical system and the national sample survey


BusinessToday.In
June 11, 2020
The recent spike in the number of coronavirus cases being reported daily has led many to speculate that another lockdown is on its way for the citizens of Delhi though there is no confirmation yet


Rupa Burman Roy
June 11, 2020
On Wednesday, the US central bank repeated its promise of continued extraordinary support, estimating the US economy to shrink by 6.5% in 2020 and the unemployment rate to be at 9.3% at year's end


BusinessToday.In
June 11, 2020
Stock Market LIVE Updates: Companies set to announce their earnings are Shriram City Union Finance, Westlife, JK Agri Genetics, KSB, KNR Constructions, Sundaram Fasteners, Redington, Ind Bank Housing.


Associated Press
June 11, 2020
The Fed also specified that it will buy 80 billion of Treasury securities a month and 40 billion in mortgage-backed securities.


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