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Reserve Bank of India

RBI to completely remove cash withdrawal limits on savings accounts from next month

On Wednesday, the RBI said the limit on cash withdrawals from savings accounts will be completely lifted from March 13. Feb 8, 2017
cesc, cesc news, cesc wins bikaner order, cesc share price, itc suuti sale, indian stock markets, oudh sugar mills, rbi policy meeting february 2017

CESC shares hit 52-week high over Bikaner power distribution franchise; Oudh Sugar spurts 6.5% on upbeat Q3 results

RP-Sanjiv Goenka Group company CESC won order to supply electricity to Bikaner for 20 years, shares spurts 5 percent to hit 52-week high; Oudh Sugar Mills shares gain on bullish Q3 results. Feb 7, 2017
Vijay Mallya's Kingfisher Airlines

RBI forced banks to grant loan to Kingfisher Airlines violating its own rules

Knowing well that KFA fell under the category of sub-standard assets, top RBI officials asked banks to loan more to the airline. Feb 7, 2017
icici prudential share price, icici bank share price, listing of psu insurance companies, insurance in india, sbi life insurance stake sale

ICICI Prudential Life shares hit new 52-week high, ICICI Bank gains 3.4%

ICICI Bank and ICICI Prudential Life Insurance post good gains on Monday (Feb 6), outperform BSE Sensex, NSE Nifty. Feb 6, 2017
Cochin Shipyard

Cochin Shipyard may buy controlling stake in debt-laden ABG Shipyard

Shapoorji Pallonji and Co. Ltd., which was also in the race to buy a stake in ABG Shipyard, has apparently backed out of the discussions. Feb 6, 2017
IndiGo

Bureau of Civil Aviation Security suspends IndiGo's security training licence

The licence suspension would result in additional cost for the carrier as it would have to outsource its training programme now. Feb 5, 2017
Warburg Pincus buys Accelya

Warburg Pincus acquires airline services group Accelya; Dubai-based Mercator and Accelya to merge

The combined entity of Accelya and Mercator will have annual revenues of $200 million with more than 400 clients worldwide, including 250 airlines. Feb 5, 2017
India industry

Nasscom demands 50-75 bps rate cut from RBI-MPC to boost credit growth

Industry experts are expecting at least 25 bps rate cut after Arun Jaitley reaffirmed the government's commitment towards fiscal consolidation. Feb 5, 2017
wgc gold demand report 2016, india gold demand, world gold demand trends, india gold jewellery, india gold prices, gold prices in india, gold prices in china, gold ETFs, gold demand in china

Indian gold jewellery demand fell to 7-year low in 2016: WGC

Indian gold jewellery demand in 2016 was 148.3 tonnes lower than 2015 due to multiple factors and marked the biggest yearly decline, says WGC. Feb 4, 2017
NSE national stock exchange ipo listing limit foreign investor investment public issue stocks shares rbl bank ipo

Vikram Limaye will be new MD & CEO of National Stock Exchange

A CA by profession, Vikram Limaye is currently MD & CEO of IDFC; his appointment at NSE will need clearance from Sebi. Feb 4, 2017
India microfinance

Will Bharat Financial merge with IndusInd Bank? Shares of microfinance lender jump over 50% in a month

Bharat Financial clarified to the BSE that it is exploring various options and will make an announcement if any such is approved by its Board. Feb 3, 2017
Can you predict profit warnings? Play

Can you predict profit warnings?

IBTimes UK expert financial columnist Edmund Shing gives his tips for spotting potential profit warnings Feb 1, 2017
bse sensex, nse nifty, top losers, economic survey 2017, highlights of economic survey 2017, sensex gainers, sensex losers

Sensex, Nifty close sharply higher on FM Arun Jaitley's 'fiscally prudent' Budget

BSE Sensex jumped 485 points to close at 28,141, while NSE Nifty ended 155 points higher at 8,716. Feb 1, 2017
BSE Sensex

IT stocks plunge on fears of H1B visa curbs; TCS, Infosys, Tech Mahindra and HCL Tech hit hard

The move will effectively make it difficult for Indian IT companies to do business in the world's largest software market. Jan 31, 2017
Deutsche Bank

Deutsche Bank to pay $425 million penalty over Russia money laundering 'mirror trades'

The violations of anti-money laundering laws involved Deutsche Bank's branches in Moscow, London and New York. Jan 31, 2017
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