business news

NEW DELHI: With a view to make life easier for those accessing banking and credit facilities in rural areas, the RBI has started an initiative for digitisation of rural finance, beginning with Kisancredit cards. This month, the…

PUNE: Minutes into an interview in 2005, the suave and smart Laxman Narasimhan, then a partner at McKinsey, turned out to be a fun person who joked easily, followed everything from rock to Carnatic music, and shared that he would rather…

MUMBAI: Markets regulator Sebi on Friday said that any broker offering algorithmic trading solutions under arrangement with unregulated platforms that claim high returns in the past or expected profit in the future should stop such…

MUMBAI: The country's foreign exchange reserves declined by $3.007 billion to $561.046 billion in the week ended August 26, the Reserve Bank of India (RBI) data showed. In the previous week ended August 19, the reserves had dipped by…

NEW DELHI: India's external debtrose by 8.2 per cent year-on-year to $620.7 billion as of March 2022, which according to the finance ministry is sustainable. While 53.2 per cent of it was denominated in the US dollar, Indian…

NEW DELHI: India has pipped Britain to become the world’s fifth largest economy. The United Kingdom (UK) slipped to 6th place delivering a further blow to the government in London as it grapples with a brutal cost-of-living shock. The…

NEW DELHI: Struggling to survive SpiceJetmay receive about Rs 225 crore lending under “emergency credit line guarantee scheme” (ECLGS) next week. Sources in the airline claim this money will be “used to clear statutory dues and lessor…

BENGALURU: The Reserve Bank of India (RBI) has given lenders until the end of November to put in place systems and processes to ensure existing digital loans are in compliance with the regulator's rules issued last month. The RBI in…

Adani Transmissionhas blown past entrenched corporate giants to become India’s 10th-largest listed firm by market value as part of a broader runaway rally in Adani Group stocks. Shares of the New Delhi-based power utility have climbed…

MUMBAI: India's gross domestic product data indicated that while domestic demand improved in the June quarter, growth was much slower in the sectors hardest hit by the pandemic, signalling deepber scarring and lower trend growth, Nomura…