Finance

Thank haven! Swiss bank vaults may crack under Modi govt heat

Switzerland and India agree to share financial information on Indian bank accounts on automatic basis from September 2019.

Jun 16, 2017

Bank of Baroda, Canara Bank to pilot two rounds of bank mergers

Banks have been asked to explore issues such as overlap of branches, technical integration and whether there would be anti-competition concerns that could emerge

Jun 15, 2017

Riding the waive: A growth dream betrayed

Farmer pains will be only partly eased by loan waivers even as the next round of balance-sheet agony for banks and coops gets primed for release.

Jun 13, 2017

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Loan waiver payback: Farmers start wilfully defaulting on loans

While it is early to quantify the extent of loan delinquency by farmers, bankers say that in some states, the default rate has increased by up to 50 percent in recent months.

Jun 13, 2017

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Search for next SBI chairman begins

Arundhati Bhattacharya was appointed in 2013 as the bank's first woman chairman, and got a year's extension in October 2016, as SBI was in the process of merging its associate banks with itself.

Jun 12, 2017

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Boxing the box office: Revised tax rates on movie tickets will spur torrents, piracy, say Netizens

Union Finance Minister Arun Jaitley said movie tickets priced under Rs 100 will carry an 18 percent tax rate, while those above Rs 100 would be taxed at 28 percent.

Jun 11, 2017

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Big relief for small industry: GST Council slashes rates on 66 items

The Finance Ministry tweeted on Sunday that it received representations for about 133 items from industry, of which rates were reduced on 66 items.

Jun 11, 2017

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Farm loan waivers are necessary, but not a solution: MS Swaminathan

Three states have waived farm loans so far – Uttar Pradesh, Telangana and most recently, Maharashtra. But protests have been raging in Madhya Pradesh and Tamil Nadu over similar demands.

Jun 10, 2017

HDFC Bank to roll back UPI charge plan

The National Payments Corporation of India which runs the UPI railroads had requested the bank to reconsider the decision and is expected to call a meeting with bankers very soon

Jun 9, 2017

Qatar handed out AA- credit rating by S&P

Qatar has been isolated by its neighbours, including Saudi Arabia, Egypt, Bahrain and the United Arab Emirates since early this month.

Jun 8, 2017

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FACTBOX: Business impact of Qatar-Gulf rift

Here are some business deals that have either been affected by the rift or could be affected.

Jun 5, 2017

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Small businesses suffer as India's bruised banks sit on deposits

Banks' worsening asset quality is making them reluctant to grant new loans, especially to small- and medium-sized enterprises (SMEs).

May 17, 2017

Priyanka Gandhi distances herself from Vadra land deals after panel says he made profits of Rs 50.5 crore

The Justice SN Dhingra Commission has said Robert Vadra made profits of Rs 50.5 crore from land and property deals, and a property of Priyanka was among them. Read to know more.

Apr 28, 2017

Planning for early retirement? This is how you calculate if you can do that now!

If you want to retire early and fulfil your dreams of travelling the world and spend time with your loved ones, the 4 percent rule might just be the answer to all your early retirement woes.

Apr 20, 2017

'I hope Australian PM's visit to India is as productive as it has been for Steven Smith's batting,' says PM Modi

Steven Smith had smashed three Test centuries in the recently-concluded tour, a rare achievement for an overseas batsman in India.

Apr 10, 2017

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