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Despite IMFs downward revision of Indias growth rate and a slight upward revision of Chinas growth projections, India continues to be the fastest growing countries among emerging economies.

IMF forecasts India's GDP to grow at 7.5 per cent in 2019-20

Current account deficit is projected to widen further to 2.6 per cent of GDP on rising oil prices.

9 Aug 2018 9:27 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.

Reserve Bank to pay Rs 50,000 crore dividend to govt for FY18

The RBI made a dividend payout of Rs 30,659 crore for the financial year ended June 2017.

9 Aug 2018 8:50 AM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

PNB in talks with I-T, excise departments to sell erstwhile...

The lender expects to raise nearly Rs 700-800 crore from the sale of its earlier head office in the national capital.

8 Aug 2018 7:32 PM IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

IDBI Bank gets govt nod for acquisition by LIC

Post the transaction, IDBI Bank would become a subsidiary of LIC, which will have 51 per cent stake in it.

8 Aug 2018 5:37 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

Axis Bank likely to add 350-400 branches in current fiscal

In Telangana, the country's third largest private sector bank, currently has 123 branches and 731 ATMs.

8 Aug 2018 5:28 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

SBI plans to increase Yono user base to 250 million in 2 years

At present 2.5 million users are registered under Yono.

8 Aug 2018 4:55 PM IST

Race stewards said Force India, whose cars have a striking pink livery but no prominent numbers, had failed to comply. (Photo: AP)

Force India secure future with rescue deal, Mallya's reign ends

Force India have gone on to become a strong midfield team, finishing fourth in the past two seasons.

8 Aug 2018 9:45 AM IST

For over a year, India had been the fastest growing economy, second only to China. This has now changed.

Strong Indian economy continues to lead global growth: IMF

IMF Executive Board has forecast India's growth to rise to 7.3 per cent in FY2018-19 and 7.5 pc in FY2019-20.

8 Aug 2018 9:27 AM 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.

IMF asks India to consider simpler GST rate structure

GST as presently designed has an effective tax rate rising with household consumption.

8 Aug 2018 9:20 AM IST

HDFC Bank is a major player in Indias banking sector. (Photo: PTI)

HDFC Bank raises fixed deposit rates by up to 0.6 per cent

The deposit of maturity 6-9 months would earn 6.75 per cent, 40 basis points higher than previous rate.

6 Aug 2018 3:24 PM IST

The APCSRS will help to receive and manage CSR funds while coordinating, monitoring and implementing ongoing projects connected with it. (Representational image)

CSR spends increase by 44.57 per cent to nearly Rs 14,000 cr in FY16

Total CSR spending by companies registered with it increased to Rs 13,827.86 crore from Rs 9,564.77 crore

6 Aug 2018 8:47 AM IST

The Reserve Bank of India on Thursday kept the key policy rate unchanged at 6 per cent for the fourth consecutive time.

RBI rate hike won't affect growth much'

Oil had been a matter of concern because we are fully dependent on oil imports.

6 Aug 2018 12:44 AM IST