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PTI
September 19, 2018
Following a review of the economy by Prime Minister Narendra Modi last week, the government announced an array of measures to check the decline of rupee and curb the widening current account deficit (CAD).


BusinessToday.In
September 17, 2018
The bonds are directly pegged to the Indian currency. So, investors will directly take the currency risk or exchange rate risks. If the value of Indian currency falls, the foreign investor will have to bear the losses, not the issuer which is an Indian entity or a corporate.


PTI
September 12, 2018
Kochhar, who has been away from office following an enquiry initiated under the retired Supreme Court judge BN Srikrishna late May but continues to hold onto her position as the managing director & chief executive, was absent from the AGM.


BusinessToday.In
September 12, 2018
Defaulting companies in the power sector as well as some sugar, shipping and textile companies that had seemed destined for bankruptcy court under the RBI's new norms on stressed assets got a last-minute breather from the Supreme Court yesterday.


PTI
September 10, 2018
World's largest steel producer ArcelorMittal on Monday offered Rs 42,000 crore to acquire Essar Steel Ltd, upstaging a Rs 37,000 crore bid by Russia's VTB Group-backed Numetal.


BusinessToday.In
New Delhi, September 10, 2018
Economic Affairs Secretary Subhash Chandra Garg said last week's rupee fall was on account of the belief that emerging markets with a current account deficit may face some pressures going forward, and the rupee was no exception


PTI
September 9, 2018
Capital markets regulator SEBI may soon summon ICICI Bank's on-leave CEO Chanda Kochhar and her husband with regard to a probe into alleged regulatory lapses with regard to his business dealings.


Mudit Kapoor
New Delhi, September 5, 2018
Money is laundered through a web of companies located in different geographies, making it difficult to check such transactions. To fight this, the Reserve Bank of India (RBI) has introduced Legal Entity Identifier or LEI. Its key aim is to check and prevent banking frauds.


Manoj Sharma
New Delhi, September 3, 2018
Advanced technologies like AI and machine learning not only reduce the chances of error -- thereby improving efficiency -- but also go beyond human intelligence to offer solutions in areas such as e-commerce, fintech, healthcare, and education.


BusinessToday.In
August 30, 2018
RBI has put the spotlight back on the shortfalls of the Marginal Cost of Funds Based Lending Rate (MCLR) system.


PTI
New Delhi, August 28, 2018
The net NPA is also expected to decrease to 4.3 per cent, from 5.92 per cent as of June-end this year, says the ICRA report. The rating agency cautioned that GNPA and NNPA may be higher at 12.2 per cent and 5.6 per cent, respectively, in absence of resolution.


PTI
August 26, 2018
Liabilities of big wilful defaulters of scam-hit Punjab National Bank (PNB) fell by 1.8 per cent to Rs 15,175 crore by July-end over the previous month. Such borrowers had an outstanding of Rs 15,355 crore at end of June this year.


BusinessToday.In
New Delhi, August 21, 2018
Reliance Jio adds over 9.71 million subscribers in JuneThe mobile subscriber base in the country increased to 114.65 crore with net addition of 1.55 crore in the reported month. Reliance Jio led the growth in mobile segment by adding over 97 lakh new connections during the month. It was followed by Idea Cellular which added over 63 lakh new connections. Vodafone saw an addition of over 2.75 lakh new mobile connections, BSNL 2.44 lakh and Airtel 10,689. Tata Teleservices, which i...


Naveen Kumar and Renu Yadav
New Delhi, August 20, 2018
Digitisation has reached a level where you can manage your entire financial world with clicks and taps. Here is what all you can do and how you can manage personal finance digitally.


Anand Adhikari
New Delhi, August 16, 2018
BJP was seen as a party which opposed liberalisation or reforms. However, in his tenure as the prime minister, Atal Bihari Vajpayee emerged as more of a reformist.


BusinessToday.In
August 8, 2018
A committee headed by financial services secretary Rajiv Kumar has recommended stopping wilful defaulters with loans exceeding Rs 50 crore from travelling overseas without prior approval.


PTI
August 7, 2018
Indian banks reported a total loss of about Rs 70,000 crore due to frauds during the last three fiscals up to March 2018.


BusinessToday.In
New Delhi, August 3, 2018
On Wednesday, Kotak Mahindra Bank also raised its one-month and three-month MCLR, or marginal cost of lending rate, by 5 basis points to 8.20 per cent and 8.55 per cent, respectively.


BusinessToday.In
New Delhi, August 3, 2018
Apple becomes first publicly listed US firm to hit $1 trillion stock market valuationApple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone. The iphone transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. India likely to postpone raising tariffs on U.S. goodsIndia plans to delay the imposition of retaliatory duties on U.S....


BusinessToday.In
July 29, 2018
The Home Ministry had constituted a panel to look into the issue of Indian passport holders obtaining duel citizenship as has been the case of fugitive diamantaire Mehul Choksi.


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