Finance

RBI board meeting: 4 out of 11 banks may witness ease in lending restrictions

The central bank has taken an activist stance in its last meetings however, the newly appointed governor has adopted a more consultative approach while dealing with the issue.

Dec 16, 2018

RBI board seeks more discussion on governance under new boss

The governance issue was a key part of the board meeting's agenda as the government wanted to have a greater say in the bank's regulatory decisions through its board nominees.

Dec 15, 2018

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True North to buy majority stake in Max Bupa Health Insurance

The development will highlight the first exit by an Indian promoter in the domestic health insurance industry.

Dec 13, 2018

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

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