Home » Business

Business - Page 804

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

RBI to ensure adequate liquidity to all sectors

Total durable liquidity injected through open market operations has reached Rs 2.36 lakh crore.

7 Feb 2019 1:25 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

ArcelorMittal Q4 net income up 16 pc to USD 1.19 billion

Company reported a net income attributable to equity holders of the parent of USD 1.19 billion in the fourth quarter.

7 Feb 2019 1:07 PM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

I-T Dept to soon decide on startups to be exempt from angel tax

Startups will have to provide account details and return of income for last three years.

7 Feb 2019 12:57 PM IST

Can farmers discontent be amended with two months left for the Lok Sabha elections?

RBI raises collateral-free farm loan limit to Rs 1.6 lakh

Currently, the banks are mandated to extend collateral-free agricultural loans up to Rs 1 lakh.

7 Feb 2019 12:51 PM IST

GDP stands for Gross Domestic Product.

RBI projects 7.4 per cent GDP growth for FY20

GDP growth is likely to be influenced by growth in bank credit and overall financial flows to the commercial sectors.

7 Feb 2019 12:41 PM IST

The retail inflation which is based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017.

RBI cuts inflation forecast to 2.8 pc for Q4 2019; 3.2-3.4 pc for...

Reserve Bank of India revised downwards the retail inflation forecast to 2.8 per cent.

7 Feb 2019 12:35 PM IST

Economic Affairs Secretary Shaktikanta Das

RBI cuts key rate by 25 bps, changes stance to neutral

Four of six members of the MPC voted to cut the rates, while all six members voted for a change in the stance.

7 Feb 2019 12:08 PM IST

The companies agreed not to oppose an award of USD 59 million in attorneys fees and USD 7 million in costs.

Fiat Chrysler, Bosch agree to pay USD 66 million in diesel legal fees:...

Fiat Chrysler is paying up to USD 280 million, or 90 pc of the settlement costs, and Bosch is paying USD 27.5 mn, or 10...

7 Feb 2019 11:57 AM IST

Economic Affairs Secretary Shaktikanta Das

RBI MPC may change policy stance to neutral this week: experts

Today's policy statement from the RBI will mark first under Governor Das, who took office nearly a week after the last...

7 Feb 2019 11:17 AM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Vodafone Idea's loss in Q3 mounts to Rs 4,974 crore

The company's board has approved a rights issue of up to Rs 25,000 crore, it informed stock exchanges.

7 Feb 2019 11:06 AM 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)

Over 15 cr Mudra loans sanctioned till January 25: Employment Minister

Under PMMY collateral free loans up to Rs 10 lakh are extended to MSME to set up or expand their business activities.

7 Feb 2019 11:00 AM IST

Thats a 28 per cent gain in two years, putting the US close to becoming the worlds biggest crude producer, edging nearer to the 11 million bpd churned out by Russia.

Oil falls as US maintains record output, inventories climb

US crude oil production remained at the record 11.9 million barrels per day (bpd) it reached in late 2018.

7 Feb 2019 10:28 AM IST