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Moreover, the RBI has also been given the right to form oversight committee to direct banks for resolution of bad loans.

RBI may hold repo rate on below forecasts inflation, slow growth

Reuters poll showed 56 of 60 analysts expected MPC to keep repo rate unchanged at 6.25 per cent.

7 Jun 2017 9:01 AM IST

Union minister for urban development M. Venkaiah Naidu suggested people to take health insurance policy.

Food is matter of choice, I am non-vegetarian myself: Venkaiah Naidu

Venkaiah Naidu debunked the notion that BJP wants to make everyone vegetarian, saying it's people's choice to eat...

6 Jun 2017 7:55 PM IST

Goods and Services Tax

IT hardware price to rise at proposed 28 per cent GST rate

The IT hardware industry body MAIT has also sought clarity from the government on two rates of proposed for printers...

6 Jun 2017 7:17 PM IST

Canara Bank says capital being raised to maintain healthy CRAR.

Canara Bank cuts MCLR by 0.05 per cent for various maturities

In terms of the guidelines of RBI, all rupee loans sanctioned and credit limits will be renewed with reference to the...

6 Jun 2017 6:58 PM IST

The NSE Nifty too closed in negative territory with a minuscule fall of 1.75 points, or 0.02 per cent, at 8,190.50.

Nifty off 9,700-level; RBI policy eyed

The benchmark Nifty slipped 38 points to settle at 9,637.

6 Jun 2017 6:46 PM IST

The aim is to create awareness among people about hazards of meddling with electric equipment or power lines. (Representational image)

PFC okays Rs 3.6K cr loan to UP for consumer connections

The scheme also includes providing smart meters for having real time data of power consumption in the state.

6 Jun 2017 6:31 PM IST

Telecom Minister Manoj Sinha

Telecom minister may meet telcos' promoters on June 22-23

The telecom minister has called for a meeting of promoters on June 22 and 23, 2017.

6 Jun 2017 6:12 PM IST

Saif Ali Khan and Kabir Khan.

Saif Ali Khan to star in Kabir Khan's next?

Hands tied with multiple projects, the actor seems to have a busy 2017.

6 Jun 2017 6:06 PM IST

Padmavati has the makings of being the love story that will be...

The actor plays the role of Raja Rawal Ratan Singh in the period drama Padmavati'.

6 Jun 2017 5:55 PM IST

Adani Ent up 9% on investment approval for Australian project

Following the surge in the stock, the company's market valuation rose by Rs 1,116.57 crore to Rs 14,055.57 crore.

6 Jun 2017 5:55 PM IST

Revenue secretary Hasmukh Adhia on Tuesday said that GST will lead in fall in inflation as most of the goods will see their tax incidence coming down when the new taxation rolls out from July 1.

Cab Secy asks ministries to form GST cell to hear industry

The cell shall be in constant touch with major industry and business associations for the smooth roll-out of GST.

6 Jun 2017 5:32 PM IST

HDFC is a major player in mortgage sector.

HDFC to raise Rs 2,000 cr via bonds to augment long term funds

HDFC will issue secured redeemable non-convertible debentures on a private placement basis to raise a total of Rs 2,000...

6 Jun 2017 5:09 PM IST