New Delhi: Capital market watchdog Sebi's new norms on related party transactions could pose practical difficulties for listed companies, according to consultancy KPMG. The norms are part of a stringent corporate governance framework for listed
Mumbai: In a truncated week, the Indian rupee continued to fall against the American currency for the 3rd consecutive week on persistent dollar demand from banks and importers amid weak USD overseas.The forex market was
Chennai: The Mukesh Ambani-led Reliance Industries Ltd (RIL) Friday said it closed fiscal 2013-14 with a net profit of Rs.21.984 crore on a turnover of Rs.401,302 crore, up from a net profit of Rs.21,003 crore
Mumbai: The Reserve Bank of India on Thursday fully sold the $3.31 billion worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets. The 10-year benchmark bond yield fell
New Delhi: Investments into Indian shares through participatory notes (P-Notes), a preferred route for HNIs and hedge funds from abroad, surged to the highest level in nearly three years at Rs 2.07 lakh crore (over
New Delhi: Foreign brokerage HSBC on Thursday said the uptick in retail inflation in March, coupled with fears of the El Nino factor spoiling the monsoons this year, may result in some hike in policy
New Delhi: Retirement fund body EPFO has decided to make all payments to its beneficiaries through electronic mode from September this year, including provident fund claims.“The Employees' Provident Fund Organisation has decided to make 100
Kolkata: The country's largest lender State Bank of India (SBI) has launched a financing scheme for women fashion boutique owners.Labelled ‘boutique financing', the scheme is designed to offer working capital expenses as well as term
New Delhi: The oil ministry is moving the Cabinet to allow Reliance Industries to retain three gas discoveries worth $1.45 billion in the eastern offshore KG-D6 block even after expiry of timelines. Upstream regulator directorate
New Delhi: The inflation in the food items, based on the wholesale price index (WPI), shot up by 9.9 percent in March as against 8.12 percent in the previous month.The overall WPI inflation, which was
New Delhi: Worried over corporates defrauding revenue by mergers and acquisitions, the Finance Ministry has asked its officials to ensure that such deals do not result in loss to the exchequer.The revenue officials, CBDT said
Washington: Calibrated and clearly communicated monetary policies will build trust and improve business sentiments globally by leaving little room for speculations, economic affairs secretary Arvind Mayaram said on Saturday.“We believe monetary policy cooperation is extremely
New Delhi: The Income Tax department has declined to share details of probe being carried out in Rs 5,600 crore payment default by National Spot Exchange Limited (NSEL) saying it would "hamper the process of
New Delhi: To help it better regulate the marketplace and strengthen its surveillance system, SEBI plans to set up a mechanism for ‘risk profiling' of listed companies and various market intermediaries, including stock brokers.The capital
Mumabi: As domestic interest rate is likely to remain elevated for some more time, corporates and banks are hitting the international debt market with renewed interest and have mopped up a hefty $5.6 billion so
Mumbai: With telecom majors focusing on decentralisation of their networks by setting up customer centre desks in tier-II and III cities, hiring in rural areas will continue to grow by up to 20 per cent,
Mumbai: Reserve Bank Governor Raghuram Rajan today said a very accommodative monetary policy can lead to more problems for an economy rather than help sustain growth.“A first step to prescribing the right medicine is to
Mumbai: The nation's largest lender State Bank of India has hit the overseas bond market with a dual tranche benchmark issue of 5-year and 10-year maturity to raise up to USD 1-billion.According to one of
Mumbai: To encourage young entrepreneurs to raise capital from the market, which has seen decline is such activity, regulator Sebi is planning to shortly come out with the guidelines for crowd-funding."We are coming out with
London: India and many major emerging economies are expected to see weak growth even as prospects have stabilised in most of the advanced countries, says a report by Paris-based think-tank OECD.Besides India, Brazil and Russia
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