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FALAKNAAZ SYED
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    After touching an all-time low of 72.11 a dollar, the rupee finally closed the day at 71.99 a dollar, down 0.32 per cent from its Wednesdays close of 71.76.Business
    Rupee, bonds gain on fiscal discipline peg

    At the interbank forex market, the rupee opened at 68.86/$ and advanced to a high of 68.49 during the day.

    5 July 2019 2:00 AM IST

    The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.Business
    Honour, privileges await top tax payers

    The idea behind the initiative is to create exclusive membership to clubs that exude not only social status but also...

    5 July 2019 1:54 AM IST

    Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)Business
    LIC profits from investments double in Q4

    The balance sheet of LIC in FY19 stood at Rs 30.55 lakh crore compared to Rs 27.91 lakh crore in FY18.

    28 Jun 2019 2:41 AM IST

    Reserve Bank of India (RBI)Business
    Large HFC, NBFC failure to pose contagion risk

    The country's financial system remains stable†despite some recent dislocationâ€.

    28 Jun 2019 2:41 AM IST

    The central bank also clarified that the data can only be shared with the foreign regulators after its approval.Business
    Data related to payments to be stored only in India

    RBI says data processed abroad to be brought in 24 hours & deleted.

    27 Jun 2019 1:35 AM IST

    The Committee also recommended doubling the limit for collateral-free lending to Rs 20 lakh for lending to MSMEs and self-help groups.Business
    Panel for Rs 5,000 crore stressed asset fund for MSMEs

    Speaking about FoF, the panel said such a fund will support crowd funding from venture capital and private equity firms...

    26 Jun 2019 3:30 AM IST

    RBI Deputy Governor Viral AcharyaBusiness
    After Viral Acharya's exit, MPC may turn less hawkish

    Acharya's departure will remove from the Monetary Policy Committee its most articulate hawk.

    25 Jun 2019 3:54 AM IST

    Effective September 1, motor vehicle owners would be able to buy a standalone annual \own damage\ cover. This will be applicable for cars and two-wheelers, both old and new, insurance regulator IRDAI said.Business
    Buying car, bike insurance to be affordable from September

    In an order last year the Supreme Court had instructed insurers to provide long-term, three-year motor third party...

    24 Jun 2019 9:07 AM IST

    The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said on Wednesday amid rising number of insolvency cases coming up before the NCLT.Business
    NCLT admits bankruptcy plea against Jet Air

    The first status report will have to be filed by July 5.

    21 Jun 2019 3:23 AM IST

    Governor Shaktikanta DasBusiness
    Flagging economy required rate cut boost: MPC minutes

    Das said the headline Consumer Price Index Inflation (CPI) has evolved broadly along the projected lines.

    21 Jun 2019 3:15 AM IST

    Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.Business
    Operational creditors suffer 58 per cent haircut

    The operational creditors took a haircut of 58 per cent on the total claims of around Rs 8,140 crore.

    20 Jun 2019 1:42 AM IST

    The combined market share will be 8.2 per cent in accident & health and 7.2 per cent in health insurance.Business
    HDFC to acquire 51 per cent in Apollo Munich

    The housing finance major plans to merge the health insurer with its general insurance subsidiary, HDFC Ergo General...

    20 Jun 2019 1:36 AM IST

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