Top
Home » Business » Economy

Economy - Page 256

The All-India IDBI Officers Association has alleged that the board decisions to allow LIC to up stake in the bank to 51 per cent and hand over management control was in violation of oral assurance on maintaining status quo given to the court which has not given its approval.Business
IDBI officers allege LIC deal violates status quo assurance

IDBI Bank on October 4 allotted about 33.99 crore equity shares to LIC at a price of Rs 61.73 per share.

8 Oct 2018 11:38 AM IST

Leading credit rating agencies are likely to face regulatory action over the IL&FC fiasco.Business
Sebi show-cause notice likely to credit rating agencies in IL&FS...

Experts say they should adopt a holistic approach in credit rating.

8 Oct 2018 11:03 AM IST

The Indian rupee nosedived to a new life-time low of 71.10, shedding 10 paise against the US dollar in late afternoon trade on Monday, tracking weakening trend in emerging market currencies. (Photo: DC)Business
Rupee falls 14 paise against US dollar in opening trade

The dollar strengthened after China's central bank eased its domestic policy to support the economy.

8 Oct 2018 10:30 AM IST

The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to a source.Business
IL&FS board likely to meet again this week

It will consume time to explore the exact reasons behind the present mess.

7 Oct 2018 2:12 PM IST

Punjab National Bank (PNB)will take care of problems emanating from Rs 13,000-crore fraud perpetrated by billionaire jeweller Nirav Modi on its own and will not seek any governments assistance, its managing director Sunil Mehta said.Business
Amalgamation not on cards; focus on internal consolidation: PNB MD

Post-merger, the asset size of the new entity would be over Rs 14.5 lakh crore.

7 Oct 2018 12:08 PM IST

Finance Minister Arun JaitleyBusiness
Banks, telcos could be allowed to use Aadhaar, says Jaitley

Supreme Court declared constitutional the govt's extraordinary attempt to give every resident a biometric ID.

6 Oct 2018 2:34 PM IST

Finance minister Arun JaitleyBusiness
Some more steps likely to narrow current account deficit, says Jaitley

Govt cut borrowing target for current fiscal by Rs 70,000 cr and allowed oil cos to raise USD 10 bn in 1 year.

6 Oct 2018 11:16 AM IST

Steep fall in rupee hurting exportsBusiness
Steep fall in rupee hurting exports

Mr Gupta said that extreme volatility in currencies should be stemmed to help the economy including exports.

6 Oct 2018 1:59 AM IST

The rupee hit a record low of 70.86 a dollar in the intra-day trade before closing the day at 70.74 a dollar, down 0.20 per cent from its previous sessions close of 70.59.Business
Rupee at 74 to a dollar is still better than its EM peers: Urjit Patel

Rupee has depreciated in nominal effective terms by 5.6 per cent since the end of March, says Patel.

5 Oct 2018 6:02 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
Fiscal slippages to have adverse bearing on inflation, markets: RBI

Arun Jaitley assured that the government will stick to the fiscal deficit target.

5 Oct 2018 5:21 PM IST

Domestic investors were reluctant to expand their portfolios ahead of the RBIs monetary policy review, brokers said.Business
RBI maintains status quo; warns volatile oil prices pose risk to...

MPC said that the recent excise duty cuts on petrol and diesel will moderate retail inflation.

5 Oct 2018 4:30 PM IST

It said that retail inflation is expected to moderate to 5 per cent in January (5.2 per cent previously) and that the trade deficit narrowed to $12 billion ($14.9billion previously). (Representational Image)Business
RBI lowers retail inflation projection to 3.9-4.5 pc for second half...

Inflation is projected at 4 pc in second quarter (July-Sept) 2018-19, 3.9-4.5 pc in H2 (Oct-Mar) and 4.8 pc in...

5 Oct 2018 3:43 PM IST

X