Mumbai: To ensure greater efficacy in exercise of its new powers, market regulator Sebi's board today cleared new norms for its search and seizure operations, settlement proceedings, refund to investors and crackdown on illicit money-pooling
New Delhi: With over 900 million telephone connections, India remained the world's second largest telecommunications market in 2013, recovering from the bumpy ride the year before, but made little progress to jump to the next
Mumbai: The city police has frozen bank accounts of the Indian Exchange of Metals (IEM) in connection with a cheating case filed against it by online multi-commodity exchange National Commodity & Derivatives Exchange Ltd (NCDEX).Bank
Mumbai: Private sector lender Yes Bank today said it has raised a seven-year loan of USD 150 millionfrom World Bank group member IFC for onlending to small businesses. The bank has swapped the loan under
Mumbai: A fall in vegetable prices is likely to ease headline inflation and retail inflation to 6.5 per cent and 9.20 per cent respectively in December, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan
Mumbai: Markets regulator Sebi on Friday said it would soon come out with new corporate governance norms."We have already placed documents for consultation. Our consultation is almost over and we are now going to promulgate
Mumbai: Companies should make corporate governance a part of their internal process where it does not remain a mere form filling or box ticking exercise, ICICI Bank's non-executive chairman K V Kamath said here today.“Do
Mumbai: Union Oil Minister Veerappa Moily today expressed confidence that diesel prices would be completely deregulated in the next two months.“We still hope that in the days to come and within a couple of months,
Mumbai: The rupee recovered after three days of declines to close 10 paise higher at 62.04 against the dollar today amid gains in local stocks and capital inflows. Dollar sales by exporters and some weakness
New Delhi: The government today steeply cut the minimum export price of onion to USD 350 a tonne from USD 800 per tonne, a move aimed at encouraging exports amidst a crash in wholesale prices
Mumbai: Private insurer HDFC Life today said the company is planning to launch by January 2014 about 21 products, of which 10 will be market-linked and 11 traditional plans, in compliant with new regulations issued
New Delhi: To offer a hedging option to investors who are getting a negative real rate of return due to high inflation, RBI governor Raghuram Rajan on Wednesday said the apex bank will launch the
Mumbai: Bankers today ruled out a reduction in interest rates even as the Reserve Bank kept key policy rates on hold.Bank of India Chairperson V R Iyer said there was no room for cutting lending
Mumbai: Terming the RBI action today as a “pleasant surprise”, analysts today cautioned that possibility of a rate hike in the future cannot be ruled out. Urijit Patel committee's report on monetary policy would clear
New Delhi: Operations in public sector banks were hit across the country as their employees went on a one-day strike today to press for wage revision and other demands but private sector banks were not
Mumbai: Belying market apprehensions, Reserve Bank Governor Raghuram Rajan today sprang a surprise leaving key rates unchanged to back growth but warned that they may be hiked if inflation does not subside. Rajan's reading of
New Delhi: Government today insisted in Parliament that the deal reached at WTO talks in Bali recently would have no adverse impact on foodgrain procurement in India or the food security programme after Opposition expressed
Mumbai: The Reserve Bank today said it is not the right time to take back measures it adopted to control rising current account deficit, but favoured removing curbs on gold imports.“At this point, it will
Mumbai: Engineering exporters' apex body EEPC India today said the Reserve Bank should have given a special dispensation of interest rates to exports. In its mid-quarter monetary policy review, the RBI kept short-term lending rate
Mumbai: The rupee surrendered initial gains and fell for the second day, losing eight paise to 62.09 against the dollar today as concerns about the US Federal Reserve tapering its stimulus programme outweighed the RBI's
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