India Stock Market Highlights Today: ONGC followed by Tata Steel, L&T, Sun Pharma, M&M, ICICI Bank and NTPC were among the top gainers in the Sensex pack

RBI panel's proposal to allow big corporates/industrial houses to own and run banks and NBFCs is contrary to RBI's own earlier stand, economic logic and historical evidence of multiple economic crises caused by reckless private financial sector players

Large industrial houses like Aditya Birla group, Bajaj group, Mahindra and Mahindra, and Tata Sons already have large NBFCs with more than a decade of operations. In fact, these NBFCs are bigger than many mid-sized banks in the country

NPCI, which owns and operates the UPI payment system, is like a regulator for retail payments. ICBC is among 131 investors offered shares in NPCI though it is yet to subscribe to its quota

Gadkari noted the high potential of Indian handicraft and handloom sector and urged Amazon to help local industry with better design and packaging too

Share Market Update : Extending losses for the third consecutive session, BSE 30-share S&P Sensex closed 161 points lower at 40,894 and NSE 50-share index Nifty50 ended 53 points lower at 11,992

RBI is coming down heavily on private banks' promoters who are not adhering to its guidelines on stake reduction and mandatory IPO

Muhammad Yunus, the founder of Grameen Bank, is dismissive about some recent innovations in the microfinance sector in this exclusive interview with Business Today.

Today, banks are actually clones of one another as they operate in the same segments like home loan, car loan, personal loan with identical product details or loan size. These new banking license to IDFC and Bandhan will create and develop new segments.

Industrialist Anil Ambani has said the proposed bank will help lower Reliance Capital's (RCap) debt to one-fourth of current levels and would be listed as a separate entity in three years.

Three years after then finance minister Pranab Mukherjee first made the announcement about allowing new private sector banks, the Reserve Bank of India has finally begun the process of allowing new banks to apply for a licence.

The UK-India Joint Economic and Trade Committee (JETCO) was set up in pursuance of the UK-India Joint Declaration made at London by the Prime Ministers of the United Kingdom and India on September 20, 2004.