Finance

Did Chanda Kochhar mislead RBI on 'ever-greening' of loan to Essar Group?

ICICI Bank under Kochhar denied in September 2014 about having granted an Essar Group company based in Mauritius $365-million loan in June 2014, records show

May 2, 2019

RBI to release new 'greenish yellow' coloured Rs 20 note | All you need to know

While the new note will be released soon, the old notes will still be legal, the RBI clarified in a statement.

Apr 27, 2019

Jet Airways to temporarily shut operations tonight, last flight at 10.30 pm

The SBI-led lenders' consortium has not been able to find a consensus about the initial fund infusion required to get a rescue plan on the runway.

Apr 17, 2019

Why is only SpiceJet hiring Jet pilots and engineers at steep pay cuts?

Budget airline SpiceJet is gobbling up disgruntled pilots and engineers of stricken Jet at up to 50% salary discount while IndiGo and GoAir are less interested in poaching crew.

Apr 15, 2019

New income tax return forms expected to ease automation of expats' claims

Expats claiming returns under double tax avoidance treaties are required to provide overseas residential details, tax identification numbers and residential status in India.

Apr 6, 2019

Will banks reduce housing, car loan interest after RBI's rate cut?

RBI expects banks to bring down interest rates on housing and car loans unlike in February when the lenders resisted advise to transfer the rate cut benefit to customers.

Apr 5, 2019

RBI cuts repo rates by 25 basis points to 6 percent, EMIs set to be cheaper

RBI decided to cut repo rates by 25 basis points or 0.25 per cent to 6 per cent, meeting a majority of economists' expectations.

Apr 4, 2019

Will Supreme Court order quashing RBI note on stressed loans create more Nirav Modis?

In the aftermath of the court order, banks may turn more to the 'Project Sashakt' to deal with stressed assets above Rs 500 crore.

Apr 3, 2019

RBI plans series of steps to boost economy's liquidity ahead of Lok Sabha elections

Another round of rate cut, the second tranche of dividend payment to government and a rupee-dollar swap auction are on the cards.

Apr 2, 2019

All you wanted to know about the pension scheme for private sector employees

Supreme Court's order dismissing an EPFO challenge of a High Court order removing pension ceiling paves the way for retiring private sector employees to receive the full pension.

Apr 2, 2019

India's fraud investigator arrests ex-chairman of debt-laden IL&FS

India's Serious Fraud Investigation Office (SFIO) has arrested the former chairman of debt-laden Infrastructure Leasing and Financial Services (IL&FS) in connection with an ongoing investigation into the lender, a government official said on Monday.

Apr 2, 2019

How much will it cost Boeing to compensate for all grounded B737 MAX planes?

The monthly cost of substituting a grounded B737 MAX plane is estimated at $250,000 and all the nearly 350 delivered MAX planes are now grounded

Mar 17, 2019

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Buffett rubbishes Modern Monetary Theory that opposes taxes, govt borrowing

Berkshire Hathaway boss joins economists trashing MMT that advocates printing currency to sustain government expenses.

Mar 16, 2019

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Jet stares at another loan default as lenders seek more funds from Goyal, Etihad

Etihad board undecided on accepting conditions of SBI-led consortium's debt resolution plan that Jet shareholders have approved.

Mar 15, 2019

Shock defaults push $108-billion bond market to chaos reminiscent of 2009 crash

Sales of rupee-designated corporate bonds plunge to pre-2016 levels as effects of IL&FS crisis sink in amid rising election uncertainties driving up the spreads of top-rated 10-year corporate paper to highest levels since the global financial meltdown.

Mar 15, 2019