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Reserve Bank Governor Shaktikanta Das on Thursday said the central bank will soon come out with revised circular for effective resolution of stressed assets in the backdrop of the Supreme Court order. The Supreme Court Tuesday quashed the

Domestic equity benchmark (S-P BSE Sensex and NSE Nifty 50) indexes extended losses after Reserve Bank of India (RBI) announced a reduction in repo rate by 25 basis points or 0.25 per cent to 6 per cent. Repo rate is the key interest rate at which the

Civil Aviation Minister Suresh Prabhu on Wednesday ruled out any interference in efforts to help cash-strapped Jet Airways, saying that the government should not be seen to be doing any kind of deals to help an airline. Against the backdrop of lenders set to take control of Jet Airways under a debt resolution plan, he said banks are direct

The RBI on Thursday lowered the GDP growth forecast for the current fiscal to 7.2 per cent from the earlier estimate of 7.4 per cent amid probability of El Nino effects on monsoon rains and uncertain global economic outlook. In its February monetary policy statement, the central bank had projected the GDP growth for 2019-20 at 7.4 per cent

Employees' Provident Fund Organisation (EPFO), the retirement fund body, allows subscribers to withdraw money from their Employees' Provident Fund (EPF) corpus for specific purposes, according to its website- epfindia.gov.in. To apply for such withdrawal online, the s

Debt-laden Jet Airways said in a letter to its employees on Wednesday that the salaries for the month of March will be deferred. The letter from chief people officer Rahul Taneja to the employees comes at a time the private sector airline has delayed payments

The Finance Minister Arun Jaitley said on Thursday that if re-elected the government would continue with fiscal consolidation and pursue policies to enable further reduction in interest rates, after the central bank cut its benchmark interest rate by 25 basis points.

Voting in general election begins next week, and the result will be

Walmart Inc. is making friends in India with the kind of competitors that it spent decades putting out of business in the US -- mom and pop stores.

These unlikely allies are part of the latest attempt by the Bentonville, Arkansas-based behemoth to crack the country's giant consumer market,

State-owned Rail Vikas Nigam Ltd's initial public offering (IPO) to raise Rs 482 crore ($70.45 million) was fully subscribed at the end of the book-running process, stock exchange data showed on Wednesday.

Investors bid for about 458 million shares in the

Jet Airways said it has grounded more planes after failing to pay lessors, as the debt-laden carrier - which also owes salaries to pilots and crew - works to secure bailout funds promised by state-run banks.Jet last month was rescued by State Bank of India (SBI) and other lenders, which will temporarily own a majority stake in the

Chandra Shekhar Rajan, who was the non-executive director of IL-FS for the last six months, was on Wednesday appointed the company's managing director, IL-FS non-executive chairman Uday Kotak said on Wednesday.

So far, Vineet Nayyar was the executive vice chairman and managing director of the company. He would now continue to be the

Indian Railway Catering and Tourism or IRCTC offers the facility of online payment for booking e-tickets via its e-wallet service. Under this service, users can deposit money in advance with IRCTC and later use it for paying money at the time of bookin

The Reserve Bank of India (RBI) cut its benchmark interest rate by 25 basis points on Thursday, in a widely expected move to boost the economy, while keeping its monetary policy stance "neutral" despite subdued inflation.

The six-member monetary policy committee (MPC) cut the repo rate

The Supreme Court's judgment voiding the Reserve Bank of India's (RBI) circular issued on February 12, 2018, is "credit negative" for banks as it will delay the resolution of non-performing loans, rating agency Moody's said on Wednesday.

"This

Shares of Tata Motors rose as much as 1.4 per cent and Tata Motors DVR climbed as much as 2.08 per cent after sales of its luxury carmaker Jaguar Land Rover's rose 7 per cent to 14,232 units in the United States in March.

Land Rover had its second best ever March sales month

The Reserve Bank of India's Monetary Policy Committee on Thursday announced a reduction in repo rate to 6 per cent from 6.25 per cent, in line with a majority of economists' expectations. The RBI maintained its neutral policy stance, which enables it to move either way on the key rates. Repo rate is the key interest rate at which the RBI lends

The rupee surged by 33 paise to close at 68.41 against the dollar on Wednesday, amid weakness in the greenback against key rivals overseas even as oil prices firmed up on supply concerns. That marked the third straight session of gain for

Shares of the debt-laden Jet Airways fell as much as 4 per cent on the National Stock Exchange to Rs 254 after it grounded 15 more planes as it failed to pay amounts outstanding to lessors under their respective lease agreements, the company said in a stock exchange filing post market hours

The rupee depreciated by 25 paise to 68.66 against the dollar in early trade on Thursday ahead of the Reserve Bank of India's policy decision and foreign fund outflows. 

At the forex market, the rupee opened on a weak note at 68.56 then fell further to 68.66

India saw the lowest number of new investment proposals since 2004-05 in the last financial year, which ended on March 31, according to a report by the Centre for Monitoring Indian Economy (CMIE), a think tank. The report has said that

India's growth is set to pick up and is expected to grow at 7.2 per cent in the current fiscal on strengthening consumption, Asian Development Bank said in its flagship report released Wednesday.

"Growth slowed from 7.2 per cent in fiscal 2017 to 7 per cent in 2018, with weaker agricultural output

The Reserve Bank of India (RBI) is expected to announce a reduction of 25 basis points (0.25 per cent) in the key interest rate to 6 per cent today. The central bank is due to release its first bi-monthly policy statement for financial year 2019-20 at 11.45 am. Any

Reliance Industries on Wednesday announced that its subsidiary Reliance Jio has acquired Mumbai-based Haptik -- one of the world's largest conversational Artificial Intelligence (AI) platforms -- for about Rs 700 crore. The transaction size (including the

The rupee appreciated by 9 paise to 68.65 against the dollar in opening trade on Wednesday, driven by weakening of the greenback in overseas markets and sustained foreign inflows. 

The rupee opened at 68.72 at the forex market, then gained further ground and touched a high of

India's rupee is expected to reverse recent gains and weaken over the coming year, hurt by monetary policy easing, but the outcome of the national election is also likely to be key driver of its direction, a Reuters poll found.

The rupee was the worst performing Asian currency

Debt-laden Infrastructure Leasing - Financial Services (IL-FS) is "staring" at a 90 per cent gross bad loans as a percentage of total loans of its main lending arm IL-FS Financial Services, the firm's non-executive Chairman Uday

The S-P BSE Sensex and NSE Nifty 50 Indexes rose to new record highs as foreign institutional investors continue to buy shares in Indian markets. Gains in today's session were paced by buying interest in Tata

Did you know you can change the address given on your Aadhaar card online The UIDAI or Unique Identification Authority of India, which issues the 12-digit unique ID to individauls under the biometrics-based personal identification programme Aadhaar,

State Bank of India or SBI offers a number of facilities through its internet banking portal. Under this service, SBI customers can access their account balance information, facilitate a fund transfer, apply for a new cheque book and debit cards. Besides these

Asian shares hovered near seven-month highs early on Wednesday as global investors paused for breath after the strong rally seen earlier this week, while oil approached the key $70 per barrel mark.

MSCI's broadest index of Asia-Pacific shares