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India’s Growth Potential Is More Than 7.5% Says RBI Gov Das

India’s Growth Potential Is More Than 7.5% Says RBI Gov Das

Mumbai: The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that even as India’s Consumer Price...

13 Sept 2024 9:12 PM IST

The flagship stock market index Sensex surged by over 267.35 points to end at 23,649.22, while 50-share Nifty rose 83.30 points to finish at 7,191.75.

MF Assets Hit New High of Rs 66.7 Lakh Cr in August

MUMBAI: Mutual fund industry assets under management hit a new high of Rs 66.70 lakh crore in August aided by inflows...

10 Sept 2024 10:40 PM IST

RBI slaps Rs 2.91 crore penalty on Axis Bank and HDFC Bank

RBI slaps Rs 2.91 crore penalty on Axis Bank and HDFC Bank

Mumbai: The Reserve Bank of India (RBI) has imposed penalties totalling Rs 2.91 crore on Axis Bank and HDFC Bank for...

10 Sept 2024 9:43 PM IST

GST Council Cuts Rates on Cancer Drugs, Namkeen; Defers Health Insurance Decision

GST Council Cuts Rates on Cancer Drugs, Namkeen; Defers Health...

New Delhi: The goods and services tax (GST) Council, chaired by Union finance minister Nirmala Sitharaman, on...

9 Sept 2024 10:57 PM IST

Economy to Grow 7.2 Percent Despite Weak Q1: RBI Governor

Economy to Grow 7.2 Percent Despite Weak Q1: RBI Governor

MUMBAI: The Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday called for a multi-pronged and a...

5 Sept 2024 9:22 PM IST

Kerala to host Fiscal Conclave on September 12

Kerala to host Fiscal Conclave on September 12

The Conclave, to be inaugurated by Chief Minister Pinarayi Vijayan, will be attended by the finance ministers of Tamil...

5 Sept 2024 7:03 PM IST

Indias Q2 FY25 Services Surplus to Rise by 10.6%

India's Q2 FY25 Services Surplus to Rise by 10.6%

India's services trade surplus could grow by 10.6% in Q2 FY25 amid strong global demand, while current account deficit...

4 Sept 2024 5:26 PM IST

GST collections in August rise 10% year-on-year at Rs 1.74 lakh crore

GST collections in August rise 10% year-on-year at Rs 1.74 lakh crore

New Delhi: Goods and Services Tax (GST) collections in August, in gross terms, were at Rs 1.74 lakh crore, with a yearly...

2 Sept 2024 7:28 AM IST

SBI Rules Out Rate War, Focuses on Service Quality

SBI Rules Out Rate War, Focuses on Service Quality

Mumbai: State Bank of India (SBI) the country’s largest lender has ruled out the possibility of a rate war among banks...

30 Aug 2024 10:42 PM IST

The Economic Survey 2015-16 has said that a favourable policy regime and sound business environment have facilitated increase in FDI flows into the country.

Southern Corridor Secures 30% of India's FDI Inflows

Southern industrial corridor attracts 30.3% of India's FDI from 2019 to 2024, highlighting strong growth potential and...

29 Aug 2024 5:36 PM IST

Jio Financial Ups Stake in Jio Payments Bank

Jio Financial Ups Stake in Jio Payments Bank

Mumbai: Jio Financial Services Ltd (JFS) on Tuesday said that it has raised its stake in Jio Payments Bank Ltd (JPBL) to...

27 Aug 2024 8:58 PM IST

The rapid rise in delinquencies post demonetisation has led to a sharp drop in micro finance securitisation volumes as investors turned cautious and adopted a wait and watch approach towards micro finance assets.

MFI Risks Rise with Overleveraging in Bihar, UP

Rapid MFI growth in Bihar and Uttar Pradesh raises concerns of borrower overleveraging, increasing credit risk in...

27 Aug 2024 5:47 PM IST