Finance

How the 'fintech' approach to data science and machine learning is changing finance

A fintech approach – collaboration, open-sourcing code – is helping to gradually change the culture of finance, even in some hitherto heavily guarded domains.

Mar 1, 2017

IBT Media to host Artificial Intelligence and Data Science event in London

The upcoming event will focus on creating awareness about new technologies and developing the right framework for the use of AI in capital markets.

Feb 27, 2017

West Bengal offers new loan scheme: Borrow Rs 1 lakh, but return only Rs 70,000!

West Bengal Self-Help Group and Self-Employment Minister Sadhan Pande has said that the scheme will be implemented from FY 2017-18.

Feb 22, 2017

Can NBFCs fill the void as banks' appetite to lend deteriorates after NPA woes?

NBFCs have built substantial AUM in the personal loan and housing finance segments, which so far have been the bread and butter for retail banks.

Feb 7, 2017

Why LIC offering 8% interest rate on FDs for senior citizens is bad news for banks

LIC, apart from the post office, offering a higher interest rate would mean banks may not be able to lower their deposit rates from current levels.

Feb 6, 2017

SC orders Central government to frame rules to stop SIM card misuse

The Centre has told the apex court it will link all SIM cards to Aadhaar cards within a year.

Feb 6, 2017

india news, india fiscal deficit, modi govt, pm modi, modinomics

Are you a taxpayer? Things you should do to avoid scrutiny from income-tax department

Common man can be harassed by the I-T department if they can't provide necessary documents of their incomes.

Jan 25, 2017

BRICS bank NDB aims to increase lending to $10 billion in 6-7 years

Last year, NDB's board approved seven investment projects worth $1.5 billion, including two projects of $600 million for India.

Jan 24, 2017

Goldmoney adds Shariah-compliant methods to boost investment from Islamic markets

Islamic investors can now instantly purchase, save and transact in gold globally on Goldmoney's platform.

Jan 24, 2017

Is ISIS planning a resurgence with money from stolen oil and jewellery?

The Islamic State terrorist group is reportedly looking to refinance itself with oil stolen from fields in Salahuddin province and jewellery from women in Mosul.

Jan 23, 2017

remonetisation, demonetisation, cash crunch, cash-to-gdp ratio, bibek debroy, niti aayog, modi news

ATM cash withdrawals set to become expensive: Report

The withdrawals include even banks where a customer already has an account.

Jan 16, 2017

Budget 2017: Industry body Assocham bats for February 1 as the D-Day

The chamber said the Budget should be seen well beyond the partisan politics for the common national good.

Jan 15, 2017

Rupee vs US dollar, rupee projection, demonetisation, GST, UBS report, Indian currency

Indian rupee could fall sharply against US dollar by FY2018; Nifty to hit 8,800 by December: UBS

The Indian rupee could fall to 73 to the US dollar by end of FY2018, while the 50-scrip NSE Nifty could rise to 8,8800, says UBS.

Jan 11, 2017

India International Exchange, GIFT city, Gandhinagar

India's first International Exchange to go live on January 16

Touted as Prime Minister Narendra Modi's pet project, the International Exchange has been set up at Gujarat International Finance-Tec city based in Gandhinagar.

Jan 10, 2017

Banks asked to obtain PAN or Form 60 of all bank accounts

The information has to be provided to the ministry by February 28, and BSBDAs are exempted from the order.

Jan 9, 2017

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