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The Union government, or for that matter, the ministry of finance should not interfere in the functioning and decision-making powers of the RBI. (Photo: AFP)

RBI raises limit for borrowing from microfinance institutions

The limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.

8 Nov 2019 8:28 PM IST

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

Rupee tumbles 31 paise on India's outlook downgrade

Moody's has changed India's outlook ratings to 'negative' from 'stable.'

8 Nov 2019 7:59 PM IST

Digital payments by mobile wallets bring in convenience with a few clicks, tendering exact change, and so on.

No levying of charges on NEFT payment from January: RBI to banks

RBI has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations.

8 Nov 2019 5:26 PM IST

The benchmark Sensex pared some gains and were trading higher by 0.69 per cent or 233.02 points at 34,080.25 at 0955 hrs. (Photo: File)

Sensex tanks 330 points as Moody's cuts India credit outlook

The 30-share Sensex briefly turned positive to hit a fresh intra-day high of 40,749.33

8 Nov 2019 4:02 PM IST

In the international market also, gold prices were trading higher at USD 1,502 an ounce and silver at USD 17.71 per ounce.

Gold down Rs 196 amid weak global trend

In tandem with a weak trend in gold, silver prices also tumbled Rs 956 to Rs 45,498 per kg from Rs 46,454 per kg in the...

8 Nov 2019 3:58 PM IST

And in the period ending June 30 - the first quarter of the current financial year - write-offs amounted to 445.77 billion rupees (USD 6.31 billion), the data showed.

India's bad debt pile eased by write-offs, underlying problem far from...

As of June 30, total stressed assets on the books of Indian banks were at 9768.47 bn rupees down from 10,672.29 bn...

8 Nov 2019 3:50 PM IST

Celebrity stylist and movie producer Rhea Kapoor.

Stage3 brings Rhea Kapoor on-board to drive India's sustainable...

The association is part of a series of campaigns aimed at promoting sustainability through design-led clothing rentals.

8 Nov 2019 3:29 PM IST

During the quarter, the company sold a total of 1,10,824 vehicles as against 1,41,163 units in the corresponding period last fiscal, down 21 per cent.

M&M Q2 profit down 78 per cent at Rs 368 crore

The company had posted a PAT of Rs 1,708.92 crore for the same quarter last fiscal.

8 Nov 2019 3:23 PM IST

A start-up haven with an agenda to nurture entrepreneurship within the country, TiE Global Summit will greatly contribute to TiEs vision of making India an unrivalled start-up hub.

Global success of Indian start-ups to be celebrated at TiE Global...

The 4th edition of the global summit will focus on empowering Indian start-ups to make a mark globally.

8 Nov 2019 3:04 PM IST

Ajay Tyagi who is a 1984 batch IAS officer assumed office of Sebi chair on March 1, 2017. (Photo: PTI).

Ask almighty or Nilekani: Sebi chief on even God can't change numbers...

Investors should draw their own conclusions. Whatever we have to do, we are doing, said Sebi chief Ajay Tyagi.

8 Nov 2019 2:46 PM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Suzuki rethinks promise of India's auto market, and it is not alone

We no longer think that growth in India will be an uninterrupted move upwards, Suzuki President Toshihiro Suzuki...

8 Nov 2019 2:05 PM IST

In Financial Year 2016-17, the mutual fund on an average has added about 6.19 lakh SIP accounts per month.

Mutual fund AUM rises 7.4 per cent to Rs 26.33 lakh crore in October

Mutual fund houses witnessed an overall inflow of Rs 1.33 lakh cr last month after witnessing a redemption of Rs 1.52...

8 Nov 2019 2:03 PM IST