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

Among a series of glitches since 2020, the one at NSE is the latest, which forced India's largest bourse to shut down for nearly four hours. A look at some 'technical glitches' at major financial and industrial institutions that have occurred in recent past

Maruti Suzuki vehicle exports cross 20 lakh milestone Auto giant Maruti Suzuki India (MSI) announced on Saturday, February 27, that the firm has achieved the milestone of 2 million (20 lakh) cumulative product exports. The country's largest automaker crossed the mark after a batch of its products comprising S-Presso, Swift and Vitara Brezza left the Mundra Port in Gujarat for South Africa. GoAir receives Rs 800 crore credit line from banksLow cost carrier GoAir, owned by Indian business ...

The Bombay Plan, authored by the doyens of industry in 1944 first envisioned state planning, state ownership and control of industries to make India \"self-sufficient\" long before Nehru's ideas took root

Hitachi's innovative and globally recognised OT x IT solutions, data analytics, IoT-enabled interactive devices, Artificial Intelligence (AI) and robotics are transforming the lives of people in India.

Global fintech investments stood at a whopping $105 billion across 2,861 deals in the year, the third-highest annual total ever, as per the data collated by KPMG India

Johnson & Johnson's single-dose COVID-19 vaccine effective, safe: FDA Drug maker Johnson & Johnson's single-shot COVID-19 vaccine is safe and effective as per the data submitted from its ongoing multi-national Phase 3 randomised, double-blind and placebo-controlled trials. This is what a  briefing document published by the US Food and Drug Administration (FDA) has said. Johnson & Johnson had sought emergency use authorisation for its vaccine on February 4. FDA's advisory co...

Stock Market News Updates Today: Sectorally, all the other indices were trading with decent gains. Metal index was up 2.5%, while private, PSU Bank and financial indices rose 1.5% to 2% today

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Top stocks that rose the most on February 24: Private lenders HDFC, Axis and ICICI Bank were among top gainers on BSE Sensex on the back of government's move to lift the embargo on the grant of GOI business to private banks

Prime Minister Narendra Modi said the Centre's policy is to either monetise or modernise public sector enterprises, with the intent that the government has \"no business to be in business\"

Uday Kotak believes that lifting the embargo will enable the banking sector to serve customers better. He added that public and private banks must work together for sustainable development in the country

With the lifting of the said embargo, private sector banks can now carry out government-related banking transactions such as taxes and other revenue payment facilities, the Department of Financial Services stated in a press release

Stock Market Updates Today: Sectorally, except for IT and pharma index, all the other indices ended with decent gains. Private, PSU Bank and financial indices closed 3% higher today.

Ind-Ra changed outlook on public sector banks to \"stable\" for FY22 from \"negative\", saying that regulatory changes led to an improvement in state-owned bank's ability to raise AT I capital

To further strengthen their financial health, the government is expected to infuse Rs 3,000 crore in the public sector general insurance companies during the current quarter

Persistent negative growth in rural wages and soaring corporate profits accompanied by job and wage cuts demonstrate a clear disconnect between growth/profits and wellbeing of ordinary Indians

The government should take notice and hold discussions with the crypto industry of India before moving ahead with regulations for this sector

The 'Master Direction' lays down guidelines for internet banking, mobile payments, card payments, customer protection, and grievance redressal mechanism

Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages