Mumbai: The Reserve Bank of India (RBI) is unlikely to ease rates till early 2015 as the possibility of a below-average monsoon will make it difficult to contain inflation at the targeted 8 per cent
New Delhi: India's economy is likely to recover and achieve 6 per cent growth in 2014-15 on the back of sound economic policies and a pick-up in investment, Finance Minister P Chidambaram said today.“If investments
New Delhi: In a matter of six years, India emerged as the world's third-largest economy in 2011 from being the 10th largest in 2005, moving ahead of Japan, while the US remained the largest economy
Mumbai: The Bombay High Court today asked the Chairman of Forward Markets Commission and Director of Enforcement Directorate to appear before it on May 7, so that it can take decision about the liquidation of
Mumbai: A fragmented government of smaller parties will be the “biggest threat” to the country's credit quality, according to international rating agency Moody's.“History has often revealed election outcomes to be quite different from poll data,
Mumbai: Market regulator Sebi has said a non-resident Indian (NRI) will not be allowed to seek registration as a foreign portfolio investor (FPI).However, a fund that has NRIs as investors will not be prevented from
New Delhi: As part of the strategy to contain bad debts, the Finance Ministry has directed all public sector banks to accord top priority to cases of fraud and wilful default and take legal action
New Delhi: In a first of its kind disclosure in the Indian MF space, all fund houses have begun disclosing investments of group companies in their AUMs (assets under management) and Birla Sun Life MF
New Delhi: Amid hopes of a stable and reform oriented government after general elections, net investments by foreign institutional investors into India so far this year has reached USD 10-billion level, while their cumulative total
New Delhi: With Indian stock markets reaching dizzying heights on hopes of a strong and stable government after polls, investors have started adding ‘defensive' stocks to shock-proof their portfolios ahead of election results on May
New Delhi: The government will look into the abolishment of income tax exemptions to charity organisations in its budgetary exercise for the year 2014, according to an RTI response from the Central Board of Direct
New Delhi: The Planning Commission's internal meeting on Wednesday, to be headed by Prime Minister Manmohan Singh, may not suggest any cut in 8% annual average growth target for the 12th Plan though the economy
New Delhi: Asserting that the economy is going to become stronger due to efforts of the present UPA government, Finance Minister P Chidambaram today said the CAD has been brought down significantly to USD 32
New Delhi: Private sector lender Axis Bank has reported a net profit of Rs 1,842.32 crore for January-March quarter, up 18.47 per cent from a year ago period, on higher other income and net interest
New Delhi: ICICI Bank Ltd, India's largest private sector lender, has reported 9 per cent rise in net profit on consolidated basis at Rs 2,724 crore for the January-March quarter.It had posted Rs 2,492 crore
New Delhi: Of the 369 million debit and credit cards in the country, only 10 to 15 percent are used for online transactions, the Reserve Bank said.India is one of the fastest-growing countries in the
New Delhi: The Supreme court today asked CBI and Enforcement Directorate to file probe reports on the Aircel-Maxis deal in 2G scam by May one when it will also consider the plea for vacating its
Mumbai: Hit by higher effective tax rate, private sector HDFC Bank today reported its decade's lowest profit growth of 23.1 per cent at Rs 2,326.5 crore for the January-March period of 2013-14.HDFC Bank had earned
Mumbai: Rating agency Crisil has said a stable Government post-elections is likely to help the country grow at an average of 6.5 per cent for the next five years. “Our base-case forecast of an average GDP
New Delhi: The apex court has allowed annual cap of 20 million tonnes of iron ore excavation in Goa.The Supreme Court has said there will be no grant of lease for mining around one km
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