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As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

Important for India to address banking crisis to support investment:...

Indian banks have made progress in addressing stock of NPAs and were taking further measures to deal with flow problem.

8 Jun 2018 9:59 AM IST

Lower opening in the domestic equity market put the rupee on the back foot.

Rupee falls to fresh 1-month low, down 42 paise against dollar

Rupee is trading at 67.54 per dollar due to appreciation of American currency overseas and outflows of foreign fund.

8 Jun 2018 9:47 AM IST

Banning of letters of undertaking (LoUs) and letters of comfort (LoCs) by the RBI as trade finance instruments is likely to reduce financial flexibility of importers, a Fitch group company said on Wednesday.

IMF welcomes RBI decision to hike interest rates

In January 2014 RBI had increased the repo rate to eight per cent to keep the inflation under check.

8 Jun 2018 9:41 AM IST

Prime Minister Narendra Modi gestures as he speaks during a plenary session on the occasion of World Environment Day in New Delhi. (Photo: AFP)

RBI's rate hike upsets Modi's election year budget maths

Rate hike will push up govt's interest financing cost and add to the fiscal deficit pressure on one hand.

8 Jun 2018 9:15 AM IST

Chanda Kochhar of ICICI Bank. (Photo: File)

ICICI Bank may file consent plea in Videocon loan case

Plea agreement means settlement of case without main hearing when the defendant agrees to plead guilty in exchange.

8 Jun 2018 9:02 AM IST

Indian Railways is not looking at more funds in the upcoming Union Budget for 2018-19 as it is focused on monetising assets within, Railway Minister Piyush Goyal said. (Photo: PTI)

Bank merger back on table, Piyush to meet bank chiefs

Meeting is also expected to take a call on issuance of recapitalisation bonds for some of the weak banks.

8 Jun 2018 8:52 AM IST

Disinvestment-bound Air India has approached aviation regulator DGCA for renewal of its flying permit, expiring in June.

Ailing carrier Air India seeks 10 billion-rupee short-term loan

The search for a loan comes a week after the government failed to attract bidders for a stake in the airline.

8 Jun 2018 8:45 AM IST

IMF Working Paper

Poor countries gain more from globalisation

State's role in sharing benefits with poor is key in moulding opinion.

8 Jun 2018 2:48 AM IST

Total Food boss questioned in Air Asia case

Earlier, Mr Kapur was questioned by the CBI sleuths on Tuesday in connection with the case.

8 Jun 2018 2:41 AM IST

PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

Recap plan won't boost credit growth: Moody's

The discovery of Rs 14,400 crore of fraudulent transactions at PNB has substantially increased the capital needs of that...

8 Jun 2018 1:48 AM IST

Telecom regulator Trai on Thursday mooted a concept of open architecture-based public Wi-Fi grid to bring down the cost of internet by 90 per cent.

Govt floats tender to set up 5 lakh wi-fi in panchayats

The project is expected to be rolled out by the end of this year.

7 Jun 2018 6:06 PM IST

Disinvestment-bound Air India has approached aviation regulator DGCA for renewal of its flying permit, expiring in June.

Govt to pursue Air India stake sale this fiscal

The alternative mechanism headed by the finance minister would decide the future course of action on Air India...

7 Jun 2018 5:58 PM IST