New Delhi, July 3: Concerned over rising bad loans, finance minister P Chidambaram on Wednesday asked banks to focus on top defaulters and take action against them."You focus on the top defaulters, as well as
New Delhi, July 2: The Reserve Bank of India may cut cash reserve ratio (CRR) by 0.25 percentage points in its review later this month to revive growth, a report by Bank of America Merrill
New Delhi, July 2: Vowing to get manufacturing and economy out of the downturn, Finance Minister P Chidambaram today said key infrastructure projects facing delays have been identified and will be cleared in the next
New Delhi, July 2: With 26 public and private sector companies applying for bank licences, Finance Minister P Chidambaram has said that there was no ceiling on the number of entities which can be permitted
New Delhi, July 1: Deisel prices have been raised by 50 paise litre (excluding VAT) from Monday midnight.In a statement issued here, Indian Oil Corporation said that loss on sale of diesel has been steadily
New Delhi, June 30: About three dozens entities, including billionaires like Aditya Birla Group, Tata Capital, Religare, Reliance Capital, are applying for bank licences, the deadline for which expires tomorrow. Entities which have taken board
New Delhi, June 29: Indian consumers' confidence level rose in June on the back of easing inflation but concerns remained over job security, says a study by financial services provider BluFin.BluFin's Consumer Confidence Index (CCI)
Mumbai, June 28: Software major Tata Consultancy Services (TCS), has said the comprehensive immigration bill passed by the US Senate will have a bearing not only on domestic companies but would also impact the US
New Delhi, June 29: Some important painkillers, antibiotics and cancer treatment drugs are likely to see their prices getting halved following the government price cap notification for 40 essential medicines which will come up on
New Delhi, June 29: Petrol price was today hiked by a steep Rs 1.82 a litre, the third increase in rates this month, as falling rupee made imports costlier.An increase in diesel rates is expected
New Delhi, June 28: Finance Minister P. Chidambaram has said a hike in gas prices was necessary because domestic production has declined sharply.The decline in domestic production has resulted in a rise in import of
New Delhi, Jun 27: Snapping a three-day falling trend, gold prices today recovered by Rs 120 to Rs 26,800 per 10 grams in the national capital on buying at existing lower levels amid a rebound
Mumbai/New Delhi, Jun 26: Stock markets on Wednesday mirrored the slide in rupee with Sensex surrendering gains in last hour of trade to end 77 points down at 18,552.12 as the currency breaching the 60-mark
New Delhi, June 26: India has considerably stepped up its investigations into money laundering and terror funding with the number of cases under probe rising to 1,704, even though a low conviction level remains a
New Delhi, June 25: CNG price in national capital was today hiked by Rs 2 per kg, the second increase in rates since January, due to rupee depreciation.Also, piped cooking gas (called PNG or piped
Mumbai, June 24: The Indian rupee hit a new record closing low of 59.68 against a dollar on Monday as foreign investors pulled money from debt as well as equities markets.The partially convertible rupee remained
Mumbai, June 24: In order to arrest rupee depreciation, the Reserve Bank of India (RBI) has a capacity to sell up to $30 billion from forex reserves and may go for a NRI bond issue
New Delhi, June 21: Foreign investors put in bids worth over Rs 39,000 crore ($6.7 billion) to buy government bonds, with a 93 per cent subscription in the largest-ever Sebi-conducted auction for such securities. The
Zurich/New Delhi, June 20: Deposits by Indians in Swiss banks have fallen to a record low level of about Rs. 9,000 crore (1.42 billion Swiss francs) as a global clampdown against the famed secrecy wall
New Delhi, June 20: Chief Economic Advisor Raghuram Rajan says the government will take appropriate action to tackle the fall of the rupee, after the rupee fell to a record low.Raghuram Rajan also said the
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