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Currently, the repo operations are of short-term, usually of overnight, wherein banks can borrow money from the RBI at the prevailing repo rate.

RBI to conduct long-term repo operations on Feb 17, 24 for Rs 50,000...

There will be no restriction on the maximum amount of bidding by individual bidders.

8 Feb 2020 12:38 PM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

Days after hiking deposit insurance, FM says working on contentious...

The government was forced to withdraw the FRDI Bill from the House after Opposition members objected to it.

8 Feb 2020 11:53 AM IST

Finance Minister Nirmala Sitharaman, while talking to reporters, said states too will have to make efforts in improving the business climate in India, especially with regard to property registration. (Photo: File)

FinMin to wait for one more year to take call on LTCG tax: Sitharaman

Experts opined that investors were peeved at the absence of any action on LTCG and the shift on DDT.

8 Feb 2020 11:11 AM IST

While nearly a third of these companies reported a deceleration in sales growth in Q2, in Q3 half of the stocks reported an acceleration in top-line growth trends.

Earnings downgrades outstrip upgrades in Q3

An analysis shows that there is broad-based stabilisation in top-line growth but overall numbers still remains weak,...

8 Feb 2020 3:18 AM IST

According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.

SBI cuts rates, says more next time

SBI announced a reduction in its MCLR by 5 basis points across all tenors while BOI cut MCLR by 10 basis points for...

8 Feb 2020 3:14 AM IST

The impact of coronavirus is still uncertain, but Japanese brokerage Nomura expects Chinas GDP growth to slow from 6 per cent year-on-year in the fourth quarter of 2019 to 3.8 per cent in the first quarter of 2020 (previously 5.8 per cent), before rebounding to 6.4 per cent in the second quarter.

Coronavirus to slow China GDP growth to 3.8 per cent in Q1

According to Nomura, the first quarter growth rate in China may dip to 3.8 per cent before a bounce back in Q2 on...

8 Feb 2020 1:57 AM IST

Union MSME and Road Transport Minister Nitin Gadkari.

Gadkari lauds auto industry for BS-VI adoption, outlines contribution...

The Indian automotive industry has circumvented many challenges, the biggest amongst them is reducing emissions.

7 Feb 2020 1:28 PM IST

Non-profit organisation Educate Girls received a grant of USD 75,000 from Goldman Sachs.

Goldman Sachs to raise USD 8 bn for new buyout fund: sources

The company has raised about USD 47 billion since inception across eight funds, according to industry data provider...

7 Feb 2020 11:39 AM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

Deposit insurance hike: RBI says not to hit banks balance-sheets

The budget allowed the Deposit Insurance and Credit Guarantee Corporation to raise deposit insurance coverage to Rs 5...

7 Feb 2020 11:11 AM IST

Market intelligence, innovation, self-disruption, localisation were the other major trends in Indias food retail sector, according to food retail industry leaders assembled at India Food Forum 2020.

India warming up to snackification, says global study

The Indian food consumption market including food retail and foodservice sectors is valued at $900 billion.

7 Feb 2020 2:11 AM IST

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.

Budget proposals to impact growth of life insurers

The net impact of the change will range from 50 basis to 200 basis points on the margins and upto 5 per cent on the...

7 Feb 2020 2:09 AM IST

The loading/reloading of such PPI can be done only from a bank account and it can be used only for making digital payments such as bill payments, merchant payments, etc.

Digital Payments Index soon

The index will be made available from July 2020.

7 Feb 2020 2:04 AM IST