Finance

IDBI bank gets fresh lifeline as cabinet approves ₹9257 crore infusion

Notably, the proposed money will be released as a part of the government's plan to recapitalise the national banks with a fund infusion of Rs 70,000 crore in the current financial year.

Sep 3, 2019

Big changes for personal income tax rates in offing? Tax panel submits report

People earning between Rs 5 lakh and Rs 10 lakh per year may have to pay 10 per cent income tax.

Aug 29, 2019

RBI payout gives Centre space to spend more: Experts

The Central Board of the Reserve Bank of India (RBI) on Monday decided to transfer a sum of Rs 1,76,051 crore to the government.

Aug 27, 2019

What To Know Before Choosing The Right Term Insurance Plan

A few decades ago, just about everybody relied on LIC and other state entities for term insurance needs. However, now one can choose from a range of options that are better suited for the needs of modern professionals.

Aug 14, 2019

Explained: What's behind the record surge in gold prices?

Safe-haven investments gold and silver futures rise in India as equities underperform after the general election 2019 and in international markets because of US-China trade war fears.

Aug 10, 2019

RBI slashes repo rate by 35 basis points to 5.40%, cuts GDP growth forecast to 6.9%

The central bank reduced the repo rate by 35 basis points to 5.40 per cent from 5.75 per cent in its third bi-monthly Monetary Policy Statement for 2019-20.

Aug 7, 2019

RBI monetary policy: Investors awaiting outlook beyond another repo rate cut

With a fourth 25 basis points repo rate cut a foregone conclusion, observers are watching for RBI guidance about its outlook on the state of the economy.

Aug 6, 2019

Hong Kong trouble, looming financial crisis sink world's biggest banks in China

'Big four' state-owned lenders that are also world's largest tumble to record low valuations amid concern that Beijing will direct them to bail out smaller banks as economic ills from US-China trade wars grow

Aug 5, 2019

BSNL privatisation: Salary delay, worsening fiscal crisis intensify speculation

Industry observers claim the government's focus shifted to BSNL and MTNL after speeding up the privatisation procedures of national carrier Air India.

Aug 5, 2019

Taxation amid slowing economy is killing market's 'animal spirit': D Subbarao

Of late the financial markets have borne the brunt of multiple taxes amid an acute slowdown, which has almost killed the investors' risk-taking appetite.

Aug 4, 2019

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CCD shares nosedive 20% after VG Siddhartha goes missing

The share touched a 52-week low of Rs 154.05, down by 19.99% from the previous close.

Jul 30, 2019

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SBI tightens lending terms for auto dealerships

The shadow banking crisis that began to unfold in India during mid-2018 has deepened this year.

Jul 30, 2019

Account Aggregator to make funding seamless in India

The account aggregator will obtain data from multiple service providers and deliver it via consent-based channels to financial information users.

Jul 29, 2019

Should we worry if WhatsApp shared payments data with Facebook?

Government is trying to ensure that Mark Zuckerberg's social media platform Facebook does not access data from group entity and chat platform WhatsApp that is set to launch a payments service anytime now.

Jul 27, 2019

Quest for more RBI dividends: Has Modi govt shot itself by firing Subhash Chandra Garg?

Garg, who has sought early retirement after the finance ministry snub, was the fiercest advocate for reducing RBI's cash reserves and transferring more cash dividends to the government.

Jul 26, 2019