Finance

RBI governor Shaktikanta Das' MA History degree opens floodgates for Twitter memes

Netizens were quick to point out Das' highest educational degree was in M.A. History, unlike his predecessors who all had Ph.Ds in Economics.

Dec 12, 2018

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Who is Shaktikanta Das? Centre appoints new RBI governor following Urjit Patel's resignation

Das is taking over from Urjit Patel who stepped down from his post on Monday amid speculations of an ongoing rift between RBI and the Central government.

Dec 11, 2018

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RBI governor Urjit Patel's resignation could trigger FII outflow: Report

In December, the FII have sold over $31.67 million worth share. It is to be noted that last year registered a net outflow of FII investment of worth $4921.45 million.

Dec 11, 2018

Nissan ex-chairman Carlos Ghosn formally charged in financial misconduct case

Ghosn, 64, was arrested in Tokyo on November 19 for allegedly failing to report 5 billion yen ($44 million) of his salary to the authorities.

Dec 10, 2018

Global cues, political uncertainties suppress Indian equity indices

The key indices -- the S&P BSE Sensex and NSE Nifty50 - had a gap-down opening and subsequently shed over 600 points and 190 points or more than 1.60 per cent each.

Dec 10, 2018

FinMin extends deadline for filing GST annual returns till March 31

The annual returns form in which businesses registered under the GST have to provide consolidated details of sales, purchases and input tax credit (ITC) benefits accrued to them during 2017-18 fiscal was notified in September.

Dec 8, 2018

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Market volatility, tax rules force mutual funds to reassess conservative plans viability

ICICI Prudential discontinues accepting investments in its largest Balanced Advantage Plan as growth stagnates, tax burden drives away investors.

Dec 8, 2018

Yes Bank raises sensational charges against rival Kotak and business daily

Yes Bank and Kotak Mahindra Bank started operations in the early 2000s as investment banks, but Kotak bloomed into a full fledged lender later on.

Dec 7, 2018

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Rupee relief unlikely to last as Modi government goes into election year

Domestic pressures like elections and international factors including oil and trade uncertainties could weaken the currency.

Dec 5, 2018

Nifty, Sensex echo weakness in Asia; domestic investors await state election results

Asian shares fell as a relief rally petered out amid rising doubts over whether China and the United States will be able to resolve trade differences. An inverted U.S. yield curve also raised concerns about a possible recession.

Dec 4, 2018

World Bank to raise $200 billion to fight climate change

The latest OECD data shows that in order to fight climate change, developed countries have given their commitment to infuse a combined annual public and private spending to $100 billion in developing countries by 2020

Dec 3, 2018

Moody's downgrades Yes Bank ratings amid leadership transition, governance issues

Moody said that developments could constrain the bank's ability to raise new capital.

Nov 28, 2018

Bank credit growth highest in five years; does that negate lurking credit crunch fears?

The growth registered by the banks is really encouraging with the fact that RBI has put 11 public sector banks under the prompt corrective action (PCA) framework.

Nov 23, 2018

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PM Modi stacks RBI board with allies to turn heat up on governor Urijit Patel

Now stacked with government nominees who can be counted on to support the administration, the board is being transformed from having a passive advisory role into a body that can exert pressure for policy change.

Nov 18, 2018

RBI tightens oversight of NBFCs, cancels registration of 31 firms

West Bengal leads in the number of finance companies suffering central bank's axe while another 17 voluntarily close business.

Nov 11, 2018

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