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Finance secretary T. V. Somanathan on Tuesday made the announcement during a meeting. (Photo: Twitter/@FinMinIndia)

Insurance bond could substitute bank guarantee

Bank guarantees are usually asked for while extending a loan and typically require a collateral

26 Aug 2021 11:37 AM IST

Demand for airline fuel surges in India with tourism rebound

Demand for airline fuel surges in India with tourism rebound

India is proving to be a bright spot for jet fuel demand after the delta variant interrupted a recovery in air travel...

26 Aug 2021 11:27 AM IST

Automobile volumes in FY21 pushed the industry back by six years. (File Photo/Representational)

High taxes rile auto-makers

The demand for vehicles is unlikely to revive as buyers are finding it difficult to buy cars and two-wheelers

26 Aug 2021 11:24 AM IST

Union Finance Minister Nirmala Sitharaman speaks during the post-budget press conference, at National Media Centre in New Delhi, Monday, February. 1, 2021. (PTI/Arun Sharma)

FM to review PSBs performance

Tuesday's interaction would be with senior officials of the Income Tax Department at the agency's office at Bandra Kurla...

24 Aug 2021 9:25 AM IST

One of the most important sectors from which bank generate its income is through the Home Loan department.

Home loan issuances rise 26% in first half

Low interest rates, lower stamp duties in some states, attractive incentives by builders helped a 42% surge in demand...

24 Aug 2021 9:22 AM IST

Group of Zomato food delivery platform employees in Kolkata tore and burnt their official T-shirts. (PTI Photo)

IPO fever subsides, index dips 4%

Zomato's market cap fell below the Rs 1-lakh crore mark to Rs 99,633.78 crore as the stock suffered its first major post...

24 Aug 2021 9:20 AM IST

An elevated inflation rate is also a cause of concern for the RBI, though it has decided to accord priority to economic growth in the near future. (AA file Photo)

RBI panel suggests 4-tier structure for urban co-op banks

The committee has also suggested setting up an umbrella organisation with a minimum capital of Rs 300 crore to oversee...

24 Aug 2021 9:17 AM IST

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman addresses during the launch of National Monetisation Pipeline, in New Delhi, Monday, Aug. 23, 2021. (PTI/Manvender Vashist)

Monetisation plan unveiled

The finance minister further said the Centre will also incentivise states to monetise their public assets

24 Aug 2021 9:15 AM IST

Union Finance Minister Nirmala Sitharaman speaks during the post-budget press conference, at National Media Centre in New Delhi, Monday, February. 1, 2021. (PTI/Arun Sharma)

Finance Minister to unveil monetisation pipeline today

The plan aims to monetise brownfield infrastructure assets worth Rs 6 lakh crore across sectors

23 Aug 2021 3:02 AM IST

The LIC will offer a 20 per cent late fee concession up to Rs 2,000 if the total received premium is up to Rs 1 lakh. (Twitter)

LIC launches special campaign to revive lapsed policies

Policies which are in a lapsed condition are eligible to be revived in this campaign

23 Aug 2021 2:47 AM IST

As per the government notification, the onus of obtaining HUID number is on the manufacturer, and others in the supply chain, including the retailer, need not worry about it. (DC Image)

Small players, goldsmiths resent jewellers strike today

All-India Jewellers and Goldsmith Federation (AIJGF) said that small jewellers of the country are not involved in the...

23 Aug 2021 2:08 AM IST

HDFC Banks valuation zoomed Rs 61,612.11 crore to reach Rs 5,21,660.14 crore. (PTI Photo)

Banks queue up to raise billions

HDFC on Thursday raised $1 billion by issuance of AT-1 bonds, priced at 3.70%, which is 42.5 basis points lower than...

21 Aug 2021 10:01 AM IST