On Friday, the Reserve Bank of India (RBI) said that it will infuse Rs 15,000 crore in the financial system in the month of June through purchases of government bonds via the auction route. These government securities will be bought under Open
Public sector banks (PSBs) have recovered close to Rs 1.2 lakh crore from stressed assets during the financial year 2018-19, primarily with the help of the resolution under the Insolvency and Bankruptcy Code (IBC), according to a PTI report citing an
In a bid to curb the rise of shell firms and keep a track of dormant entities as also check fly-by-night operators, the MCA has put in place more stringent compliance norms and amended the Companies (Appointment and Qualification of Directors)
During the financial year 2018-19, around 1.37 crore jobs were created in the formal sector, according to data released by the Central Statistics Office (CSO) on Friday. Addition to the Employees' Provident Fund (EPF) subscriber base was used to arrive at the figure. The
As per the guidelines for Payment Banks, they cannot accept deposits of more than Rs 1 lakh from one account holder and are not allowed to lend money.
Go Air on Friday announced the steepest discount offer on its domestic network for about 1 million seats for fares as low as Rs. 899. The bookings under the 3-day offer will commence from May 27. The offer is valid for
Commercial vehicle maker, Ashok Leyland, reported a 12.1 percent year-on-year increase in its profit for the fourth quarter of 2018-19 at Rs 653 crore. In the same period last year, its standalone profit stood at Rs 743 crore. Its revenue from
British prime minister Theresa May announces resignation from her position on Friday, bringing more uncertainty to who will take on as the new leader to push a more definitive Brexit deal. On three occasions, UK lawmakers have refused to vote in
LPG (liquified petroleum gas) has been the preferred domestic fuel in Indian households for decades, thanks to the government subsidies. However, this highly flammable petroleum product can easily cause devastating damage if the cylinder is faulty. To cover customers against accidental
After PM Modi's massive mandate in Lok Sabha elections, the apex bank is expected to lower interest rates by as much as 100 basis points in 2019, said a global brokerage concern. 1 basis point is one-hundredth of a percentage point.
Indices continued to rise higher in trade today after the phenomenal victory of the NDA-led BJP government, with Nifty and Sensex rallying 188.25 (+1.61%) and 623.33 (+1.61%) in trade today, to close at 39434.72 and 11845.30, respectively. Also, in intra-day today,
Infosys on Friday said it has completed the acquisition of 75% stake in ABN Amro Bank's wholly owned subsidiary Stater. In March, Bengaluru-based IT services firm announced the acquisition plan for Stater at a financial consideration of 127.5 million euros (about
On Friday, Zydus Wellness said that the National Company Law Tribunal (NCLT) has approved the amalgamation scheme of its two subsidiaries, that is, Heinz India Pvt Ltd with Zydus Nutritions Ltd. Post the amalgamation, Heinz India will cease to exist. In
Fuel prices in India were marginally hiked on Friday. While petrol prices were increased by an average of 14 paise, diesel rates saw a 15-17 paise rise per litre. In the metro cities, petrol prices per litre were increased to Rs
India has ended all of its oil imports from Iran, said Harsh Vardhan Shringla, India's Ambassador to the United States. In April, the Trump administration announced that it would not renew waivers on sanctions that were imposed on Iranian imports, including
The most appropriate financial planning tool available to ensure the safety of one’s loved ones is a Family Floater health insurance plan that covers each family member.
Interest rates are likely to fall in the coming days, as inflation continues to remain weak. The Monetary Policy Committee, which is scheduled to meet in June, may cut interest rates going forward. Here are a few best safe FDs with high interest rates that you may consider for investment.
In an engaging film shot entirely in single 90-second take, we see a conceptualized world where seamless integration of technology interconnects various aspects of our world, with the help of inspiring personalities from a range of professional backgrounds.
A stable government with absolute majority augers well for the equity markets as policy decisions become more predictable.
Struggling to manage your finances and keep them in line with your overall long-term financial goals, here is the rule which can set your budget right, provided you adhere to it.
As per a CBDT notification, form 15H has been amended and now senior citizens with taxable income up to Rs. 5 lakh can claim TDS exemption in lieu of interest on their deposits with bank and post offices. It is to
The Indian rupee opened with gains of gains 26 paise at 69.75 versus previous close of 70.01 per dollar. Going forward, the rupee is likely to perform better as election results have been seen to have a direct correlation with