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RBI reserves: Bimal Jalan panel dashes govt hopes of one-time transfer

In February, RBI decided to offer an interim dividend of Rs 28,000 crore to the Centre
bimal jalan, former rbi governor bimal jalan, rbi News

What led to Viral Acharya’s resignation from RBI?

Speculation around Acharya’s likely resignation began in December 2018

viral acharya, rbi, reserve bank of india News

5G rollout: Origin of firm shouldn’t be a factor, says Huawei India CEO

The US has been calling out allies regarding security risks posed by Huawei as nations roll out 5G networks.

huawei, huawei india, 5g News

Parliament session: Bills that are listed for introduction and passage

The ongoing Parliament session (June 17-July 26), the first one for Modi 2.0 govt, will comprise 30 Lok Sabha & 27 Rajya Sabha sittings.

parliament, aadhar, motor vehicle act, consumer protection bill News

‘Boom Boom’ to bust: Tennis star Boris Becker to auction trophies to pay off debts

The youngest winner in Wimbledon’s history, who claimed the first of three titles aged just 17, is auctioning off 82 items including medals, cups, watches and photographs.

Boris Becker, tennis star Boris Becker News

Modi govt plans more features to flagship schemes to push inclusion

Govt working on adding new features to Jan Dhan, Mudra, Suraksha Bima Yojana and Atal Pension schemes.

Banking & Finance News

Hero eyes neighbouring countries to clear stock pile-up

Hero MotoCorp is looking at exporting its excess BS-IV stock to neighbouring countries as it plans to launch the BS-VI compliant vehicles in the country at the earliest to ensure smooth transition bef

Industry News

How Centre offsetting loss due to higher transfers to states

As most cesses applied on indirect taxes collapsed into GST, receipts shrank to Rs 71k cr in FY18.

Economy News

Trade winds: Big jump in electronics exports allays deficit fears

Massive electronics imports and their debilitating impact on trade balance have long pressured the country’s current account, but a spurt in electronics exports since last year has pleasantly surpri

Economy News

Filmi touch! Bollywood is the latest flavour for kids’ broadcast

From cartooning mythological figures such as Hanuman, Ganesha and Bheem, kids’ channels are now borrowing concepts and characters from popular Bollywood movies.

Entertainment News

NTPC, PGCIL ink MoU to enter national distribution business

The main aim of the initiative undertaken by the state-owned behemoths is to enter electricity distribution business on a pan-India basis.

Industry News

Hunger Games: Swiggy’s swag in volumes matches rival Zomato’s zing in reach

Food delivery platform Swiggy may have edged past its competitors to become the most used app, but rival Zomato continues to have more reach.

Industry News

IL&FS scam: IFIN auditors Deloitte, BSR may face asset freeze

In its application, the government has sought the “deemed removal” of the auditors of IL&FS under section 140 (5) of the Companies Act.

Industry News

GST Council: Anti-profiteering watchdog NAA’s term extended by 2 years

The Goods and Services Tax (GST) Council on Friday extended the tenure of the anti-profiteering authority by two years to November 2021, in what went against its past assertions that the body will hav

Economy News

HC thrashes gambling charge against online sports game Dream11

The Bombay HC said, “only, if their Online Fantasy Sports Gaming is ‘gambling’ or ‘betting’ (which it is clearly not), there is a scope to infer possibility of any tax evasion.”

India News

Modi govt to expand DBT, ease GST and up farm investment: President Kovind

Industry 4.0 (the new industrial policy) — which is aimed at creating jobs and attracting $100 billion of FDI annually (against a record $60 billion in FY18) — will be launched soon.

India News

Rough ride: Moody’s downgrades Tata Motors on JLR woes

Moody’s Investors Service on Thursday downgraded the corporate family rating (CFR) of Tata Motors (TML) and Jaguar and Land Rover Automotive.

Industry News

L&T wrests control over Mindtree, gets three board positions

The proposal cleared by the nomination and remuneration committee and the board will now be put to vote for the shareholders at the company’s annual general meeting to be held on July 16, according

Industry News

Jet Airways crisis: NCLT admits lenders’ petition for insolvency

Directs IRP to try and resolve matter within three months.

Industry News

Budget 2019: Special liquidity window for NBFCs unlikely for now

Budget 2019: Liquidity woes faced by non-banking financial companies (NBFCs) and challenges to the banking system featured prominently in the deliberations of a meeting of the Financial Stability and

Budget 2019 News

US tariff threat: iPhone-maker Apple wants suppliers to assess cost of shift from China

Apple has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain,

Industry News

IL&FS scam: IFIN’s profits turn into losses after SFIO’s recast

Financial arm of IL&FS showed profit by not making provisions for bad debt, paid interest by evergreening loans.

Industry News

NBFC crisis: Record Rs 1.1 lakh crore loans due over 90 days

Facing a record amount of debt that’s about to mature, non-bank financing companies (NBFCs) are finding their troubles worsening as a crisis of credibility starts to bite.

Banking & Finance News
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