Business

Total 197 Posts

Centre may redraw bank recapitalisation plan

New challengesNEW DELHI, April 10: The government may redraw the recapitalisation roadmap for public sector banks (PSB) in the current fiscal as the institutions face additional burden to meet interest on interest obligation for all its borrowers while changes in valuation norms for AT1 bonds by Sebi will make the

Second Covid wave heightens risks for India’s banks: Fitch

NEW DELHI, April 9: India’s second wave of Covid-19 infections pose an increased risk to the country’s fragile economic recovery and its banks, Fitch Ratings said. Accordingly, Fitch expects a moderately worse environment for the India’s banking sector in 2021, but headwinds would intensify should rising infections

Equity indices in green amid choppy trade

Mumbai, April 9: The key Indian equity indices traded marginally higher on Friday morning amid largely choppy trade sessions. At around 10.35 a.m., Sensex was trading at 49,860.96, higher by 114.75 points or 0.23 per cent from its previous close of 49,746.21.

Renault joins hands with CERO Recycling

Auto-maker Renault India today said it has launched a vehicle scrapping programme in partnership with the country’s first organised scrap vehicle recycling company CERO.

SEBI slaps Rs 25-cr fine on Ambani brothers, individuals, entities

In 2005, Mukesh and Anil had split the business empire built by their father Dhirubhai Ambani.

Highlights of RBI monetary policy announcements

New Delhi, April 7: Following are the highlights of RBI's monetary policy for 2021-22: * RBI keeps policy rate unchanged for fifth time in a row; repo at 4 pc * Economic growth projection for current fiscal retained at 10.5 pc * RBI to maintain accommodative monetary policy stance to support growth,

RBI Guv calls for coordinated action to give tax relief on petroleum products

Mumbai, April 7: Reserve Bank of India Governor Shaktikanta Das on Wednesday put onus on both Centre and the States to ensure that through coordinated policy measures the cost build up in the petroleum products does not escalate further. While seeking a cut in excise and VAT levies, the RBI