Financial Express - India's leading business newspaper from the Indian Express Group

Rs 26,000-cr write-off offer with a rider

The government has offered a one-time settlement of the huge outstandings of around Rs 26,000 crore of the SEBs to Central PSUs.

States agree to levy 50 paise for farm power

In a significant development, all states, except Tamil Nadu and Punjab, have finally given their consent to the long-standing issue of charging a minimum agricultural tariff of 50 paise for per unit of electricity.

Canara Bank, BoI drop prime lending rates

Canara Bank, and BoI on Saturday announced a reduction in their PLR while HSBC, and LICHF have dropped their housing finance rates.

Friday crash -- Sebi needle points to bull operator

SEBI probe into the 176-point market crash on Friday began on Saturday with officials visiting the offices of a leading foreign institutional investor in that connection, even as the crash showed signs of getting linked to a leading bull operator with huge exposure in new economy stocks.

Win-win all the way for consumers

Want to buy a new car? Do it now! Following the FM's budget announcement of an 8% reduction in excise duty, car manufacturers are vying with one another to pass on the relief to consumers and send their sales graphs zooming up.