London: Describing Narendra Modi as a “doer” who has proved himself in Gujarat, Hinduja Group co-chairman G P Hinduja today said infrastructure should be the new Indian government's top priority and investment will then flood
Mumbai: All new ATMs to be installed by commercial banks from July 2014 onwards would provide audible instructions and Braille keypads to customers, RBI said today.The RBI's directive today came on its prior advice to
New Delhi: India's current account deficit is likely to narrow to 2.3 per cent of gross domestic product this fiscal as the new government is expected to focus on exports and reduce dependency on imports,
New Delhi: Newly elected Indian premier Narendra Modi is exploring breaking up state behemoth Coal India Ltd and opening up the sector to foreign investment to boost output and cut imports, said a report published
New Delhi: Investors pumped in more than Rs 1.12 lakh crore in various mutual fund schemes in April, making it the highest amount in three years.The funds mobilisation in April came after a net outflow
New Delhi: The Reserve Bank of India (RBI) has eased rules for loans to exporters. As per the new guidelines, exporters can now get long-term loans from banks for up to 10 years to service
Mumbai: To deepen the nascent corporate bond market, the RBI today proposed allowing banks to provide partial credit enhancements to the debt instrument. The central bank has released a draft circular on allowing partial credit
Mumbai: In measures aimed at protecting banking consumers, the Reserve Bank is in the process of formulating strict guidelines to discourage lenders from mis-selling and to hold them accountable for all products they are offering.“From
Mumbai: Ending a four-day upmove, the rupee today retreated four paise from its 11-month high levels to close at 58.63 against the dollar on fresh demand for the US currency from importers, amid some profit-booking
New York: India's Prime Minister-elect Narendra Modi is a “pragmatist” and will not be hung up about US' denial of a visa to him, but it will take “more careful management and attention” to overcome
Mumbai: In tandem with upmove in stocks, the rupee today gained for the fourth day and closed at a fresh 11-month high of 58.59 against US dollar on sustained inflows.Continued dollar selling by exporters and
Mumbai: A sessions court today remanded MCX promoter Jignesh Shah and former managing director and chief executive of the commodity exchange Shreekant Javalgekar in judicial custody till May 31 in connection with the alleged Rs
New Delhi: Describing the BJP's election victory as an “astonishing triumph of Narendra Modi”, noted economist Jagdish Bhagwati on Monday (May 19) advised him to retain Raghuram Rajan as RBI Governor and to hold monthly
New Delhi: With the rupee touching 11-month high against the US dollar, Finance Secretary Arvind Mayaram today said the domestic currency is not volatile and would remain range bound. “Rupee will be range bound... It
Mumbai: Bank deposits grew 14.8 per cent year-on-year to Rs 78,88,416 crore as of May 2, faster than credit growth, according to the RBI data.Deposits of commercial banks stood at Rs 68,68,811 crore during the
New Delhi: In a bid to boost the mutual fund industry, market regulator Sebi has requested the Finance Ministry to consider various tax sops and other measures for investors and a final decision in this
New Delhi: Bold reforms and prudent monetary and fiscal policies by the incoming Narendra Modi government will help the economy to grow at 6.5-7 percent, says a report.According to Crisil, the decisive electoral mandate has
New Delhi: Country's largest bank SBI has said that it is not looking at setting up a special purpose vehicle (SPV) for its real estates, an option being considered by the Finance Ministry as a
Mumbai: Bank deposits grew 14.8 per cent year-on-year to Rs 78,88,416 crore as of May 2, faster than credit growth, according to the RBI data. Deposits of commercial banks stood at Rs 68,68,811 crore during
Mumbai: State-run Dena Bank is targeting a 20 per cent growth in post-tax profit this fiscal, over the Rs 551.6 crore in the previous fiscal. “As the economy improves, we are expecting to increase the
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