90 day extension for accounts already under resolution: RBI

New Delhi (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced a 90-day extension for the resolution period for large stressed assets which have not been resolved within the 210 day deadline as per the central bank's…

AI opens domestic ticket bookings for flights from May 4

New Delhi (IANS) National passenger carrier Air India has opened bookings for flights which will be operated from May 4.

According to a senior AI official, the bookings are opened for select domestic destinations only. The national carrier…

Slow ramp up of industrial activity seen after lockdown relaxation

New Delhi (IANS) The partial relaxation of the national lockdown to contain Covid 19 may only see a slow ramp up in industrial activity while some corporates may not restart operations immediately.

According to a research note by Jefferies,…

Sensex up 1,000 points ahead of RBI Governor's briefing

Mumbai (IANS) The Indian stock market opened on a positive noted on Friday, with the BSE Sensex rising over 1,000 points.

The gains came ahead of the briefing by the Reserve Bank of India's (RBI) Governor Shaktikanta Das at 10 a.m. Investor…

RBI unleashes more firepower; cuts Reverse repo; initiates TLTRO 2.0

New Delhi (IANS) To mitigate any economic fallout on financial liquidity due to Covid-19 pandemic, the Reserve Bank of India on Friday announc ed a set of new measures including a reduction in reverse repo rate.

Accordingly, the rate now stands…

RBI hints at further cut in interest rate to counter corona risks

New Delhi (IANS) The Reserve Bank of India has hinted at further cuts in interest rates to maintain adequate liquidity in the system and counter the intensification of risks to growth and financial stability brought on by COVID-19.

Announcing…

Sitharaman, Goyal hail RBI's measures to boost liquidity

New Delhi (IANS) Finance Minister Nirmala Sitharaman and Commerce Ministry Piyush Goyal applauded the Reserve Bank of India's (RBI) fresh slew of measures to ease liquidity and regulatory norms.

In a series of tweets, Sitharaman said that…

Oil companies to report big losses as lockdown shrinks sales

New Delhi (IANS) State-owned oil marketing companies (OMCs) including Indian Oil, BPCL, HPCL may see significant erosion in the earnings during the January-March quarter of FY20 even though low crude and product prices jacked up their margins on the…

Rupee hits new record low of 76.82/$

Mumbai (IANS) The Indian currency continued to tumble on Thursday as it touched a fresh all-time low of 76.82 per dollar.

Currently, rupee is trading around 76.72 per dollar, weaker by 0.36 per cent from its previous close.

According…

Cabinet to approve proposal on EPFO contribution, advances

New Delhi, April 15 (IANS) Union cabinet may give post facto approval to the proposal of EPF contribution by the government announced under PM Garib Kalyan Yojana by Finance Minister Nirmala Sitharaman on March 26.

Official sources said that…