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RBI: Credit growth outpaced deposit growth of banks in June

Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and credit of commercial banks for June 2022 released on Thursday.

Aug 25, 2022

Affordable 5G services to be rolled out in India by Oct 12: Centre

The government on Thursday said it expects 5G services to be rolled out in the country by October 12, and the Centre will make sure that the prices are affordable for the consumers.

Aug 25, 2022

RBI lifts business curbs imposed on American Express Bank

The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release.

Aug 25, 2022

Meghana Raj on Her Second Marriage: I haven't Asked Myself that Question

Actress Meghana Raj has spoken about the second marriage, saying she has not given a thought about tying knot again.

Aug 23, 2022

LIC Housing Finance hikes prime lending rate by 50 bps [details inside]

The RBI's decision to hike the repo rate by 50 basis points on 5th August was well measured and abreast with the global economic trend.

Aug 22, 2022

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Economic downturn: Sri Lanka hikes kerosene prices to cut losses

The CPC said the price of a liter of kerosene increased by 253 LKR ($0.7) to 340 LKR.

Aug 22, 2022

Chinese economy struggling, policy rate cut could impact 'Global Financial Markets'

Latest economic review, the DEA said the geopolitical environment remains tense and fraught.

Aug 20, 2022

Adani Power agreed to buy DB power for Rs 7,000 crore

Adani Power said, "The acquisition will help the company to expand its offerings and operations in the thermal power sector in the state of Chhattisgarh."

Aug 20, 2022

I Connect with Yash's Journey: Vijay Deverakonda During Liger Promotion

Vijay Deverakonda, during a promotional interview of his upcoming film Liger, said that he likes the journey of KGF star Yash.

Aug 19, 2022

Most banks hike deposit rates ahead of festive season

Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed.

Aug 17, 2022

GST on rent for business entities only, govt issues clarification [Details]

The Centre on Friday issued a clarification regarding GST on house rent, noting renting of a residential unit is taxable only when it is given to a business entity.

Aug 12, 2022

Markets: Rupee, bond yield ends almost flat ahead on long weekend

The Indian rupee and the government bond yield ended almost flat on Friday as most traders remained on the sidelines ahead of the long weekend.

Aug 12, 2022

Future is 'Made in America': Biden after signing $280 bn CHIPS & Science Act

US President Joe Biden on Tuesday signed the historic $280 billion CHIPS and Science Act into law that includes $52 billion to boost domestic semiconductor manufacturing.

Aug 10, 2022

India plans to ban Chinese smartphone companies from sub-Rs 12,000 phone market: Report

Xiaomi and its competitors would suffer if they were excluded from India's entry-level market because they have increasingly relied in recent years on fuel growth.

Aug 8, 2022

Forex: India's forex reserves rises after 4 weeks of fall

India's forex reserves rose around $2.4 billion during the week ending July 29 after falling for the four consecutive weeks. The rise was seen on back of positive inflows by the foreign investors in the Indian equity market.

Aug 6, 2022

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