Advertisement

Business News

CRR Hike: Crisil Says Forget Rate Cuts By Banks For Now

Reserve Bank's latest move to soak up the entire surplus liquidity between September 16 and November 11 through incremental cash reserve ratio will lead to over Rs 3 trillion outflow from banks and is likely to impact interest rate transmission, cautions a report

Read More

Late Recovery Helps Sensex Close In The Green; Realty, Power Up

Bouncing back towards the fag-end of the session in an otherwise choppy trade, BSE Sensex on Monday closed nearly 34 points higher at 26,350.17 with gains in realty, power, FMCG and oil & gas stocks amid sustained buying by domestic institutional investors

Read More

Morgan Stanley Cuts 2016-17 GDP Forecast To 7.3% On Note Pinch

Global financial services giant Morgan Stanley has downgraded its GDP growth forecast for the current fiscal to 7.3 per cent from the earlier 7.7 per cent as the government's move to cancel old high-value notes is expected to adversely impact the near-term economic activity

Read More

HSBC Launches 'Unified Payments Interface' For Corporates In India

Divyesh Dalal, Country Head of Global Liquidity and Cash Management at HSBC said the government’s emphasis towards increased digitisation across platforms has paved the way for UPI led payment solutions

Read More

Pay 50% Tax On Unaccounted Deposits, Or 85% If Caught, Says Government

Providing a window to black money holders, the government on Monday proposed to levy a total tax, penalty and surcharge of 50 per cent on the amount deposited post demonetisation while higher taxes and stiffer penalty of up to 85 per cent await those who don't disclose but are caught

Read More

Standard Chartered To Cut 10% Of Corporate, Institutional Banking Staff

Standard Chartered is set to cut about a tenth of its global corporate and institutional banking headcount, sources with direct knowledge of the matter said on Monday, as the bank steps up an aggressive drive to cut costs

Read More

EPFO Invests Rs 9,723 Crore In ETF Till October 31, Says Government

Employees' Provident Fund Organisation has invested a total of Rs 9,723 crore in exchange traded funds as on October 31 this year and the absolute returns till that time has been 9.17 per cent, the government told the Lok Sabha on Monday

Read More

IBF Demands 'Infrastructure Status' For Broadcast & Content Distribution Sector

Finance Minister Arun Jaitley invited various stakeholders for pre-Budget consultations in New Delhi on 26 November

Read More

Home Minister Rajnath Singh Says PM Ready To Speak On Demonetisation; Opposition Unimpressed

Seeking to break the deadlock, Home Minister Rajnath Singh on Monday told Lok Sabha that Prime Minister Narendra Modi will speak on demonetisation if the Opposition wanted, but the rival parties demanding debate with a provision for voting remained unimpressed, forcing the House to adjourn for the s

Read More

Indian Economy Grew 7.1% In First Six Months Of Current Fiscal: Nirmala Sitharaman

India's economy grew at 7.1 per cent in the first six months of the current financial year despite subdued growth in the world economy, Union Minister Nirmala Sitharaman said on Monday

Read More