Iran's rupee reserves in India's UCO and IDBI Bank, the two lenders authorised to facilitate rupee trade, have depleted significantly

The Ecowrap report, authored by Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India stated that Centre and states do not want to bring oil products under the GST regime as sales tax and VAT comprise a major source of tax revenue

Finance Minister Rishi Sunak announced a costly extension of his emergency aid programmes to see Britain's economy through its current coronavirus lockdown, but announced a tax hike for many businesses as he began to focus on fixing the public finances

A symbiotic relationship between banks and digital NBFCs can lead the way towards a win-win situation for all

If the Indian economy has to accelerate to rapid growth, the Rs 180-lakh-crore banking industry will have to play a pivotal role. But, for that, its loan book will have to expand multi-fold

After building India's second-largest bank, Aditya Puri is set to impact other sectors

Reserve Bank of India (RBI) rules allow banks to hold up to 50% stakes in insurers and on a selective basis equity holdings can be higher but must eventually be brought down within a certain period

Elon Musk of Tesla added a record $151 billion to become the richest man in the world at $197 billion net worth. RIL Chairman Mukesh Ambani, 63, saw his wealth grow 24 per cent to $83 billion in 2020, on the back of a surge in the value of RIL

The vaccination programme has released pent-up optimism and \"there is little doubt today that a recovery based on a revival of consumption is underway,\" RBI said.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 8.9% to 25.62

Share market gainers today: 5 stocks that rose the most on March 1: PowerGrid, ONGC, Kotak Bank, Asian Paints and UltraTech Cement traded as the top gainers on BSE and NSE

Sensex closed 750 points or 1.53% higher at 49,849 today after investors cheered Q3 GDP data and resorted to value buying. Nifty ended 232 points or 1.60% higher at 14,761

While share of National Fertilizers Limited zoomed 19.92% to Rs 63.50, Fertilisers & Chemicals Travancore stock gained 10.42% to Rs 97 on NSE

Although the Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, eased slightly in February, it was well above the 50-level separating growth from contraction

Stock Market Updates Today: Sectorally, all the indices were rising, with 1.8% rise in media, financial services, PSU Bank and private banking indices.

BJP leader and Rajya Sabha MP Subramanian Swamy said that India's Q3 GDP growth would have been -10 per cent using Laspeyres Price Index Number and -15 per cent using Paasche Index, provided guesstimate of negative growth in MSMEs and informal sector were added to GDP

They pumped in a net Rs 25,787 crore into equities but took out Rs 2,124 crore from the bond market between February 1-26, according to depositories data

The report, compiled in collaboration with UNESCO's Global Education Monitoring report, said the current levels of government spending in low and lower-middle income countries fall short of those required to achieve the Sustainable Development Goals

The New Umbrella Entity (NUE) will be jointly promoted by a Reliance unit and Infibeam Avenues Ltd's subsidiary So Hum Bharat, while Google and Facebook will hold a smaller stake in the NUE license

New curbs on movement of people or restrictions on businesses are a risk to the nascent recovery, given that gains in Q3 FY21 probably came from the reopening of the economy, says SBI Ecowrap report