Kamath to head RBI panel; Diwakar, Manoharan, IBA CEO on board

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday announced the constitution of an expert committee led by KV Kamath to make recommendations on a special window for Covid-related stressed assets under the bank's 'Prudential Framework…

Covid Relief: RBI extends scheme for MSME debt restructuring

Mumbai (IANS) The Reserve Bank of India on Thursday extended a scheme whereby stressed MSME borrowers will become eligible for restructuring their debt, provided their accounts with lenders were classified as 'standard' as on March 1, 2020.

RBI for online dispute resolution system in digital payments

Mumbai (IANS) In a major development for digital payment services, the Reserve Bank of India has decided that payment system operators (PSOs) will have to implement Online Dispute Resolution (ODR) systems in a phased manner.

The RBI has said…

Markets open on a positive note Wednesday morning

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

The Sensex of the BSE opened at 37,892.36 points and touch a high of 38,032.65 points. The Sensex touched a low of 37,889.59 points.

On Tuesday,…

Gold nears Rs 55,000 per 10 gm, silver crosses Rs 70,000 per kg

Mumbai (IANS) Gold futures on the Multi-Commodity Exchange (MCX) reached a new record level on Wednesday as it neared the Rs 55,000 mark.

The October contract of gold on the MCX touched an all-time high of Rs 54,910 per 10 gram. It is currently…

Sensex up 300 points; banking, finance stocks rise

Mumbai (IANS) The key Indian equity indices traded on a positive note on Tuesday morning, with the BSE Sensex surging over 300 points.

Healthy buying was witnessed in banking and finance stocks. Further, gains in the Asian markets also supported…

Worst seems to be over for Indian economy: DEA report

New Delhi (IANS) As the country goes through phases of 'Unlock' and economic activities are permitted in a staggered manner, the Department of Economic Affairs' (DEA) monthly economic report has suggested that the worst seems to be over…

Ratan Tata accuses Mistry of creating 'smokescreen' of oppression

New Delhi (IANS) Hitting back on Cyrus Mistry's allegations, Ratan Tata, Chairman Emeritus of Tata Sons, has said that Mistry has created a smokescreen of oppression and mismanagement.

In his rejoinder affidavit filed in the Supreme Court…

Sensex loses over 400 points, Nifty below 11,000 mark

Mumbai (IANS) The key Indian equity indices declined on Monday morning with the BSE Sensex losing over 400 points and the Nifty50 on the National Stock Exchange (NSE) falling below the 11,000 mark.

Heavy selling in banking and finance stocks…

Govt may raise working capital borrowing limit for discoms

New Delhi (IANS) The Power Ministry has sought cabinet approval for raising the working capital borrowing limit of financially stressed state electricity distribution utilities to help them access the Rs 1.25 lakh crore liquidity support offered by…