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The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Govt to upfront infuse Rs 70,000-cr capital into public sector banks

The move is expected to generate an additional lending and liquidity in the financial system of upto Rs 5 lakh crore,...

23 Aug 2019 8:09 PM IST

Industry chambers CII and Assocham on Sunday asked the government that the PNB fraud should not hinder bank loans to businesses which were showing signs of revival after being hit by demonetisation and GST.

Home, vehicle, other retail loans to become cheaper: FM

Working capital loans for industry will also become cheaper, FM Nirmala Sitharaman said.

23 Aug 2019 7:29 PM IST

Sitharaman passed the onus of the slowing economy on US-China trade war and currency devaluation. (Photo: ANI)

Enhanced surcharge on FPIs removed: Sitharaman

Surcharge on long and short term capital gains from transfer of equity shares has been withdrawn, said FM Nirmala...

23 Aug 2019 6:32 PM IST

According to CMIE, the labour force participation rate fell from 46.1 per cent in 2016-17 to 43.5 per cent in 2017-18. CMIEs latest estimates suggest that the number has plummeted to 42.7 per cent in the first quarter of 2018-19.

Code on Wages 2019 becomes a reality; minimum wage for 50 cr workers...

The government has notified the Code after it received assent from the President of India on August 8.

23 Aug 2019 6:20 PM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Rupee rebounds 15 paise to 71.66 against USD

Rupee stabilised following an announcement that Finance Minister Nirmala Sitharaman will address a press conference in...

23 Aug 2019 6:00 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold rises for fourth consecutive day, touches fresh high of Rs 38,995

Gold prices have been hitting a fresh high every day since Tuesday.

23 Aug 2019 4:09 PM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Sensex, Nifty rebound on hopes of FPI tax rollback

Sensex closed higher by 228.23 pts or 0.63 per cent at 36,701.16, hours ahead of a presser by Finance Minister Nirmala...

23 Aug 2019 4:00 PM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI cuts interest rates on fixed deposits up to 0.5 per cent

The bank has slashed the interest rate for the fixed deposits with maturity of 7-45 days to 4.5 per cent from existing 5...

23 Aug 2019 3:08 PM IST

The stance of countrys first family in not listening to SCs order on Rafale deal case petition can be termed as, with due respect, amazing audacity, Defence Minister Nirmala Sitharaman said. (Photo: ANI)

Prepare for new challenges, protect Indian cos from abuse by global...

FM Nirmala Sitharaman flagged the issue of competition sans frontiers and at times, its adverse impact on Indian...

23 Aug 2019 3:04 PM IST

WagonR is the companys third model to achieve the feat after Maruti 800 and Alto.

Maruti recalls 40,618 units of WagonR to rectify fuel hose system

Recall campaigns are undertaken globally to rectify faults that may be potential safety defects.

23 Aug 2019 1:47 PM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Stocks recover from early sharp losses; Yes Bank, IT shares lead...

The Sensex was trading higher by 20.06 points or 0.05 per cent at 36,492.99 points in the afternoon session.

23 Aug 2019 1:40 PM IST

Godrej Group chairman Adi Godrej

India Inc grows impatient as economy dips and Modi is distracted

FPIs seeking a tax cut and automakers demanding easier access to finance for dealers and buyers flocked to lobby FM...

23 Aug 2019 1:25 PM IST