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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)Business
Will RBI repo rate cut benefits be passed on to you by banks?

Banks reduced their weighted average lending rates on fresh rupee loans by 0.29 pc amid the current easing stage so far.

8 Aug 2019 12:43 PM IST

The upcoming elections, rising inflation and interest rates could further dampen the buying sentiment in the real estate, making the task of loan recovery difficult.Business
Irrational prices, non-transparency may make Kashmir a tough property...

Scraping of Article 370 has presently opened up the hope that outsiders may invest in undaunted property in the union...

8 Aug 2019 11:42 AM IST

The Sensex opened higher before trading at 26,646.65 at 1100 hours, a loss of 51.17, or 0.19 per cent.Business
Sensex, Nifty open on a volatile note; HCL Tech rallies 5 per cent

After gyrating nearly 250 points in opening session, the 30-share index was trading 4.78 points or 0.01 per cent down at...

8 Aug 2019 10:29 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.Business
Rupee rebounds 18 paise against US dollar in early trade

Rupee is trading at 70.71 against dollar, a day after the RBI cut the key interest rate by 35 basis points.

8 Aug 2019 10:25 AM IST

Petrol pump employees at a fuel station during a strike called by Delhi Petrol Dealers Association for reduction in VAT in New Delhi. (Photo: Bunny smith)Business
India to relax rules for entry into fuel retail sector: source

Govt panel has recommended allowing marketing rights for sale of gasoil and aviation fuel with a net worth of 2.5 bn...

8 Aug 2019 9:25 AM IST

Auto experts said the fall in automobile sales were due to lack of liquidity in the financial system, decline in overall economic activity and an increase in prices of vehicles across segments.Business
Indian auto executives seek tax cuts, easier finance access to revive...

Executives from across the sector also asked the government to provide incentives to scrap old vehicles.

8 Aug 2019 9:18 AM IST

This law allowed the government the discretion to describe troublesome civil society organisations as political , and thus to prevent their access to foreign funding.Business
You are now in a Black Mirror episode

Recent steps by the Indian government, take us closer to a world of automated surveillance.

8 Aug 2019 9:01 AM IST

More than 2,700 flights have now been cancelled since the start of the walkout, causing travel disruptions for over 345,000 passengers, Lufthansa said in a statement. (Photo: AP)Business
Lufthansa to launch new flight between Bengaluru and Munich

5 times weekly flight to be operated by state of the art A350-900.

8 Aug 2019 8:57 AM IST

Economic Affairs Secretary Shaktikanta DasBusiness
RBI cuts rate 0.35 per cent, EMIs set to fall

The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected...

8 Aug 2019 1:59 AM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.Business
Rupee skids for 5th day; drops 8 paise to 70.89 vs USD

This is the fifth straight session of loss for the domestic currency, during which it has lost a hefty 210 paise.

7 Aug 2019 7:43 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI cuts risk weight on consumer loans to 100 per cent

On a review, it has been decided to reduce the risk weight for consumer credit, including personal loans, RBI statement...

7 Aug 2019 7:35 PM IST

NDTV founder Prannoy Roy. (Photo: Twitter | ANI)Business
SAT upholds Rs 2 crore fine on NDTV for disclosure lapses

It also upheld Rs 19 lakh penalty on the company as well as three officials, including promoters Pranoy Roy and Radhika...

7 Aug 2019 7:05 PM IST

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