RBI overhauls prudential norms for stressed assets' resolution

Mumbai (IANS) The Reserve Bank of India (RBI) on Friday issued new guidelines for dealing with non-performing assets (NPA) after the Supreme Court quashed its February 12, 2018, circular, which had mandated the lenders to start resolution even in…

US dollar rises amid Fed's upbeat beige book

New York (IANS) The US dollar rebounded in late trading on Wednesday, as investors got some relief from the US Federal Reserve's latest beige book, which reported upswings in the country's economic activities.

"Economic activity…

RBI cuts key lending rate to boost growth

Mumbai (IANS) Home and auto loans are set to become cheaper as the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 5.75 per cent.

Besides, the RBI changed the monetary policy…

Markets disappointed over lower rate cut; Sensex, Nifty plunge

Mumbai (IANS) Disappointment over a lower-than-expected lending rate cut by the Reserve Bank of India (RBI) dragged the key indices of the Indian equity market down during Thursday's afternoon session.

According to market observers, investors…

Indian economy grew 7.2% in 2018-19, likely to top at 7.5%: World Bank

New York (IANS) As Finance Minister Nirmala Sitharaman prepares her budget, the World Bank reports India's economy grew by 7.2 per cent in 2018-19 in contrast to the recent Indian Central Statistical Office (CSO) estimate of only 6.8…

Housing sales up 3% in January-March 2019: Report

New Delhi (IANS) Sale of residential apartments during the January-March quarter of 2019 rose by 3 per cent on a quarter-on-quarter basis to 33,000 units across seven major cities in the country, according to a report by real estate services and investment…

Markets in red: Sensex down by 100 points

Mumbai (IANS) Taking a cue from global markets, the key Indian equity market indices on Tuesday opened lower.

The Sensitive Index (Sensex) of the BSE, which had closed at 40,267.62 on Monday, opened lower at 40,196.

Minutes into trading,…

Air India deal to be sweetened further, PIM likely by July 7

New Delhi (IANS) Moving at jet speed, the two-stage bid process for selling of entire 100 per cent equity stake in national carrier Air India could kickstart as early as July 7.

The government has decided to come out with the preliminary information…

Equity indices open in green, Sensex up 160 points

Mumbai (IANS) The key Indian equity indices opened on a positive note on Monday due to buying activity in banking, FMCG and oil and gas stocks.

At 9.35 a.m., the Sensex traded at 39,878.35, higher by 164.15 points or 0.41 per cent higher from…

CII's 10-point agenda includes low corporate tax, IBC reforms

New Delhi (IANS) The Confederation of Indian Industry (CII) on Monday said the government should reduce corporate tax and streamline the Insolvency and Bankruptcy Code (IBC) among other steps to boost the country's economy.

The CII made…