New Delhi: Diesel prices were today hiked by 50 paise a litre, excluding state levies, the second increase in rates three weeks.The monthly hike in price came after several rounds discussions that the new Oil
New Delhi: Reserve Bank Deputy Governor R Gandhi today expressed concern over bad loans and said banks should strengthen their internal credit appraisal systems to minimise the risk of default."The final (NPA) figure for March
New Delhi: The fiscal deficit in 2013-14 stood at 4.5 per cent of GDP, lower than 4.6 per cent projected in the revised estimate, mainly on account of curbs on government expenditure.The fiscal deficit, the
Mumbai: The rupee today extended losses and fell by eight paise to end at 59.11 against the dollar dragged down by month-end importer demand of the US currency. It lost 59 paise in the past
New Delhi: In a major policy initiative, the Narendra Modi government is proposing to raise foreign direct investment (FDI) cap in defence sector to 100 per cent through the approval route, according to sources. The
New Delhi: India has benefited greatly from the ease with which foreign investors can invest in its stock markets, says Cornell University economist Eswar Prasad. “This presents a stark contrast with China, where equity investment
Mumbai: Domestic ratings agency Icra today said GDP growth in 2014-15 may touch 5.5 per cent as pick up in manufacturing and investment is expected in the second half of the current fiscal.“Indian GDP growth
Mumbai: The Reserve Bank of India (RBI) has asked Kotak Mahindra Bank Ltd to cut its promoter holding to 40% by September 2014 from 43.58%, the private sector lender said in a notice to the
New Delhi: Law minister Ravi Shankar Prasad, who assumed charge today, said that retrospective tax should be avoided and India should be made an investor friendly regime. The new government's goal is to remove uncertainty and
New Delhi: Reserve Bank Governor Raghuram Rajan on Tuesday called on new Finance Minister Arun Jaitley and discussed the prevailing economic situation as well as the issues related to the rise in prices. The meeting, which
New Delhi: New Finance and Corporate Affairs Minister Arun Jaitley on Tuesday pledged to contain price rise, restore confidence of investors in the economy and promote growth while keeping the fiscal deficit under check.Stating that
New Delhi: The Reserve Bank on Monday cautioned the public not to fall prey to spurious offers made by a fake website in its name offering savings accounts."It has come to the notice of the
Mumbai: Helped by a sharp moderation in imports, especially of gold, India's current account deficit (CAD) sharply narrowed to 1.7 per cent of GDP, or USD 32.4 billion, in FY'14 from 4.7 per cent in
New Delhi: Signalling good times ahead, most CEOs project a substantial improvement in the near-term economic situation with the Narendra Modi-led new government taking charge at the Centre, according to a Ficci survey.A whopping 93
New Delhi: Individuals travelling abroad may soon be allowed to spend $200,000 overseas in a year as against the present ceiling of $75,000.“The RBI may eventually reverse all measures taken to contain the current account
New Delhi: Diversified conglomerate Aditya Birla Nuvo Ltd (ABNL) will invest Rs 350 crore in its financial services business in the current fiscal.“For 2014-15, ABNL has earmarked a capital expenditure plan of around Rs 460
New Delhi: Foreign investment inflows are estimated to more than double and cross the $60-billion level this fiscal as overseas investors repose confidence in the Narendra Modi-led government that is expected to unleash reforms to
New Delhi: The final decision on HDFC Bank's proposal to raise foreign shareholding will be taken by the Foreign Investment Promotion Board, the Finance Ministry said today. “It (ambiguities in HDFC Bank's proposal) will be cleared
New Delhi: Country's largest bank SBI on Friday reported 8 per cent decline in net profit at Rs 3,041 crore for the fourth quarter ended March 31, 2014 on account of higher provisioning against bad
Mumbai: The rupee today rose by 30 paise, its biggest single-day gain in a week, to close at over 11-month peak of 58.47 against dollar following renewed selling of the US currency by exporters and
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