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Anand Mahindra.

'Cut taxes or rollback cess as auto gloom deepens': Anand Mahindra

As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal.

7 Aug 2019 6:54 PM IST

Representational image of an Indigo aircraft.

Gangwal's fear Bhatia group could push questionable decisions does no...

The differences between the two promoters came into the public after Rakesh Gangwal had sought Sebi's intervention.

7 Aug 2019 6:04 PM IST

Domestic car sales also ticked up to 1,72,623 units as against 1,64,559 in February last year, up 4.9 per cent.

Auto industry seeks stimulus package from government

In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.

7 Aug 2019 5:09 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 slumps 286 points as RBI cuts growth forecast; rate-sensitive...

RBI reduced its growth projection for the Indian economy to 6.9 per cent for the current financial year.

7 Aug 2019 4:08 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 hits all-time high, nears Rs 38,000; silver surges Rs 650

Gold is trading at Rs 1,113 to hit an all-time high of Rs 37,920 per 10 gram on sustained buying from jewellers.

7 Aug 2019 3:57 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI to cover all repetitive bill payments under Bharat Bill Payments...

A detailed guideline in this regard will be issued by September-end.

7 Aug 2019 3:00 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 lowers lending rates by 15 bps from August 10

The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.

7 Aug 2019 2:45 PM IST

Reserve Bank of India (RBI)

RBI to allow round-the-clock fund transfers under NEFT from December

RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.

7 Aug 2019 1:46 PM IST

The previous high quarterly GDP growth was recorded in July-September period in 2014-15 at 8.4 per cent. (Representational Image)

RBI lowers GDP growth forecast to 6.9 pc for FY'20 on demand,...

The RBI said various high frequency indicators suggest weakening of both domestic and external demand conditions.

7 Aug 2019 1:36 PM IST

LICs stake went up in seven Sensex companies during Q4. They are: Bajaj Auto; Mahindra & Mahindra; Kotak Mahindra Bank; HDFC Bank; ONGC; Coal India; and ITC.

Sensex, Nifty turn volatile after RBI cuts repo rate

RBI reduced the benchmark lending rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy.

7 Aug 2019 1:10 PM IST

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)

EMIs likely to come down as RBI cuts interest rate by 35 bps

The fourth consecutive rate cut is expected to lower EMIs for home and auto buyers, and borrowing cost for corporates.

7 Aug 2019 12:49 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee sees high volatility post RBI policy decision; inches to 71...

The domestic currency was trading at 70.91, down by 10 paise over its last close.

7 Aug 2019 12:44 PM IST