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The official said that in the last five years rupee was stable against all the major currencies except dollar.

$60 billion in NRI deposits needed to hold rupee

If done, rupee will strengthen to 60-62/dollar, says official.

23 Aug 2018 12:14 AM IST

Washington is expected to soon implement tariffs on an additional USD 16 billion of Chinese goods, which China has already announced it will match immediately. (Photo: File)

US, China to resume trade talks in Washington amid low expectations

Soon trigger Trump's unveiling of a second $200 billion to $300 billion list of Chinese goods to be targeted with US...

22 Aug 2018 12:14 PM IST

The Central Statistical Organisation had estimated a GDP growth of 7.1 per cent for 2016-17 earlier in January.

BJP will top 13 per cent growth if it allowed irresponsible deficit

On the rupee's downward movement against the US dollar, the official said that there has been zero depreciation in the...

22 Aug 2018 12:20 AM IST

HDFC Standard Life Insurance Company, one of Indias largest private life insurers has announced launch of a new and enhanced version of its flagship and highly popular term product Click 2 Protect 3D Plus.

HDFC Life launches new Click 2 Protect 3D Plus

The flagship term product is one of the most flexible and customizable protection plans.

21 Aug 2018 7:44 PM IST

Finance minister Arun Jaitley

Two-day banking conclave kicks off on Thursday

Niti Aayog and the Centre for Economic Policy Research are the host of India Banking Conclave 2018.

21 Aug 2018 7:18 PM IST

The Mumbai zone of the Central GST Commissionerate has mopped up revenue of Rs 72,509 crore till February this year, tax officials said.

Govt extends deadline for filing July GSTR-3B till August 24

GST collections rose to Rs 96,483 crore in July from Rs 95,610 crore mopped up in the previous month.

21 Aug 2018 6:12 PM IST

In a worrying sign, India reported a fiscal deficit of Rs 6.12 lakh crore for the April-November period.

Cashfree launches 'Payouts' to make bulk payments easier

Payouts is revolutionary product for companies handling large number of daily transactions.

21 Aug 2018 2:19 PM IST

Employee unions of banks and state-run insurance companies will stage a sit-in at Azad Maidan in the city tomorrow to protest against privatisation of banks, allowing foreign direct investment (FDI) in the insurance sector and to expedite wage revision.

Govt aid will give capital relief to banks, but stress will remain:...

The government plans to provide Rs 65,000 crore of new capital for public sector banks.

21 Aug 2018 2:11 PM IST

Union Finance Minister Arun Jaitley has not been attending office since Monday and even skipped taking oath after being re-elected as Rajya Sabha MP from Uttar Pradesh. (Photo: PTI | File)

Macro instability due to UPA policies, says Arun Jaitley

Mr Jaitley said that the UPA government in 2004 inherited an 8 per cent plus growing economy from the previous NDA...

20 Aug 2018 12:50 AM IST

Corporate and institutional banking accounts for the bulk of revenues at Standard Chartered, which had 84,477 employees in total at the end of June.

DoT blacklists bank guarantees issued by Standard Chartered Bank

Standard Chartered Bank has failed to invoke a BG issued by them on behalf of Aircel Group of companies.

19 Aug 2018 1:57 PM IST

The rating agency noted that losses were reported at 19 of the 21 state banks in FY18, including State Bank of India (SBI), while earnings at the large private banks also came under significant pressure, with Axis Bank reporting its first-ever quarterly loss.

Clean Banking is new normal for banks, says Rajiv Kumar

The NPA crisis brought opportunity for introduction of responsible and responsive banking.

19 Aug 2018 10:51 AM IST

According to Venture Intelligence, private equity (PE) firms invested about $3.7 billion across 133 deals in the January-March period as against 200 transactions worth $7.3 billion recorded in the same period last year. (Representational image)

PE investments deal tally at USD 11.5 billion in January-July:...

Real estate, e commerce and pharma also attracted investments of over USD 100 million.

17 Aug 2018 4:39 PM IST