Finance

Glittering futures: World's first diamond trading exchange starts in India

It is expected to start trading in 1 carat/100 cent contracts and will eventually add 50 cent and 30 cent contracts

Aug 28, 2017

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5,954 wilful defaulters face recovery action from PSU banks

Total outstanding loans due to public sector banks by wilful defaulters amounted to Rs 92,376 crore, according to the finance ministry data.

Aug 27, 2017

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Rate scare for savers: Not just FDs, an array of small savings become unattractive

A 25 bps RBI rate cut on December 6, the date of the next monetary policy review, appears a definite possibility.

Aug 21, 2017

Talks fail, banks going ahead with August 22 strike

Not happy with government's response to protests against bank consolidation and corporate NPAs.

Aug 20, 2017

Crash course: GST website back on line after buckling under filing stampede

The last date for businesses to file the GSTR-3B form for July is 20 August.

Aug 19, 2017

Cracking 'shells': Can Sebi bring Launderers Anonymous to book with sheer zeal?

SEBI and investors face uncertain tides as the market regulator weeds out shell firms in the corporate ocean.

Aug 14, 2017

Auditing the auditors: RBI raises questions about differences in loan write-downs

In some cases, the apex bank also doubted the provisioning methodology and non-performing asset (NPA) figures arrived at by the auditors at a few public sector banks.

Aug 14, 2017

Security alarm: What made Indian Inc shell out on cyber insurance?

Earlier, the trend was different with only IT and banking companies would purchase cyber insurance, as their business in developed countries required them to comply with data protection regulations.

Aug 13, 2017

13,000 shell companies were identified prior to SEBI ban

Of the 331 firms facing trading curbs, 162 were actively traded while 169 were suspended for various violations of the listing agreement.

Aug 12, 2017

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RBI's dividend to Modi-led government halves to Rs 30,659 crore

RBI's dividend to the government halved to Rs 30,659 this year from Rs 65,876 crore last year, propelled by the high cost of printing new currency notes.

Aug 11, 2017