Mumbai: A panel set up by the RBI has called for establishing differentiated lenders, including one for small businesses and low-income households. The bank for small businesses, called the ‘payments banks', will focus on providing
Mumbai: The Mumbai Police today filed a 9,800-page chargesheet against five accused arrested in connection with the National Spot Exchange Ltd (NSEL) scam, which involves a payment default of Rs 5,600 crore.The voluminous charge sheet
Mumbai: SBI Mutual Fund today launched a new scheme ‘SBI Dual Advantage Fund - Series I', which is a 36-months close ended hybrid fund.The new fund offer, which has opened for subscription from today, will
Mumbai: The rupee fell 15 paise to close at a five-week low of 62.31 against the dollar today amid bearish local stocks and importer demand for the US currency. Capital outflows from the equity market
Jaipur: To bring greater accountability in stock market, Sebi is now holding individuals also accountable along with their companies for any misdeeds, chairman U K Sinha said today.“We will be presenting guidelines for better corporate
New Delhi: In a significant ruling, the Delhi High Court Monday held that the Comptroller and Auditor General of India (CAG) can audit the accounts of private telecom operators under the relevant provisions of the
New Delhi: India's services sector contracted further in December amid a decline in incoming new orders in tough economic conditions, an HSBC survey said Monday.The HSBC/Markit Purchasing Managers Index for the services industry fell to
New Delhi: Amid the government's intent to fast-track infrastructure development, 14 projects worth over Rs 33,000 crore in various areas are expected to be considered by the Cabinet Committee on Investment shortly. The projects are
New Delhi: State-run lenders including SBI and IDBI Bank have lined up more than Rs 15,000 crore worth of share-sales to institutional investors to shore-up their capital base.Apart from State Bank of India and IDBI
Mumbai: Sebi will soon put in place a new set of norms to deal with insider trading menace, which would clearly demarcate 'innocent mistakes' from serious violations committed by top corporate executives and other connected
New Delhi: Following a smart turnaround in 2013 with an increase of over Rs 1 lakh crore in its asset base to nearly Rs 9 lakh crore, the mutual fund industry is looking forward to
Coimbatore: RBI on Saturday cautioned people about bitcoins, virtual currency which has risen sharply in value in the past few months, but said any regulation on it would come only after it understood the subject.There
New Delhi: Poor performance of the economy during 2013 derailed Planning Commission's ambitious growth target of 8 percent for the 12th Plan, which the nation's official think-tank will revise downwards in the new year as
New Delhi: RBI Governor Raghuram Rajan Thursday met Finance Minister P Chidambaram and discussed the macroeconomic situation."We exchanged our views on the current macroeconomic situation," Rajan told reporters after the meeting, which was also attended
Chennai: India should reduce its debt within 5-6 years by putting fiscal policy on the right path, but "draconian changes" are not the answer, Planning Commission Deputy Chairman Montek Singh Ahluwalia Thursday said."In the next
New Delhi: CNG or compressed natural gas price in the national capital was Thursday hiked by a steep Rs 4.50 per kg, the second increase in rates in three months.Also, the price of cooking gas
Mumbai: Following the Reserve Bank's concern over ‘concentration risk', gold loan major Mannapuram Finance today said it will be diversifying into lending for small businesses and housing finance. “The regulator wants us to diversify and
New Delhi: UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to
New Delhi: India was the flavour of the year, at least in the FMCG sector, as multinationals hiked stakes in their subsidiaries lured by long term potential of the country, while homegrown executives made their
Mumbai: The Bombay High Court today refused to appoint a Court Commissioner on a plea made by scam-hit NSEL as Rs 80 crore was expected to come in from the borrowers in the next few
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