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HDFC Bank managing director Aditya Puri

Growth will improve by January but no 'runaway boom': Aditya Puri

A few companies, especially with exposure to the realty space, may face problems in the future, said HDFC's Aditya Puri.

6 Oct 2019 6:26 PM IST

Insurance companies also raised their stake in Yes Bank from 11.04 per cent to 11.10 per cent while select mutual funds also raised their stake, though overall mutual funds reduced their stake in Yes Bank from 10.16 per cent to 9.54 per cent.

Yes Bank files complaint against fake news on its financial health

Shares of the company are witnessing heavy beating at stock exchanges during the last few days.

6 Oct 2019 5:14 PM IST

GM was the top-selling automaker for more than seven decades until Toyota surpassed it in 2008.

Auto industry facing structural issues, affordability a challenge:...

It is a big structural issue that we will have to go through...Affordability is the real problem, said Toyota...

6 Oct 2019 2:51 PM IST

The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November US deadline.

BPCL nationalisation act repealed in 2016; way clear for privatisation

BPCL at the close of market on October 4 had a market capitalisation of about Rs 1.11 lakh crore.

6 Oct 2019 1:44 PM IST

A professional tax is proposed to be levied on individuals, who have an annual income of Rs 5 lakh. This would generate Rs 5 crore, the budget document read.

FinMin to kick-start budgetary exercise from Oct 14

The pre-Budget/RE (Revised Estimate) meetings will begin on the October 14, 2019, according to a Budget Circular...

6 Oct 2019 12:34 PM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Markets may witness range-bound trade; all eyes on TCS, Infosys...

Investors are cautious and watchful about the earnings season which at this juncture looks less enthusiastic.

6 Oct 2019 12:01 PM IST

Forex reserves may hit the USD 400-billion mark by the week to September 8, 2017, says a report. Photo: PTI

Forex reserves scale record high of USD 434.6 billion

The reserves surged by massive USD 5.022 billion to USD 433.594 billion for the week to September 27.

5 Oct 2019 10:43 AM IST

As per estimates, only 5 per cent Indians use digital payment modes.

Fund for digital payment infra in cities & towns

Banks will also identify one district in each state or union territory to make it 100 per cent digitally enabled, on a...

5 Oct 2019 1:50 AM IST

Reserve Bank of India

Banks can quote forex rates round the clock

The whole initiative is aimed at reducing the exchange risk for persons resident in India.

5 Oct 2019 1:50 AM IST

The Budget has given priority to agriculture, MSME, NBFC, infrastructure and affordable housing. Reviving business confidence, private capex recovery, manufacturing, have got lower attention.

Microfinance lending limit raised to Rs 1.25L

In case of untoward incidents like natural calamities, this can lead to a spike in delinquencies.

5 Oct 2019 1:50 AM IST

Shaktikanta Das

Cut: Repo by 25 bps, GDP by 80 bps

The reverse repo and marginal standing facility rates are now at 4.90 per cent and 5.40 per cent, respectively.

5 Oct 2019 1:48 AM IST

Some bankers have suggested that RBI has stopped supplying new Rs 2,000 notes.

A Notional Nudge

The repo rate cut of 25 bps to 5.15 per cent announced on Friday is in line with expectations.

5 Oct 2019 1:48 AM IST