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Loan waivers not best solution to address farmers’ distress, says Raghuram Rajan
Former Governor of Reserve Bank of India (RBI) Raghuram Rajan on Friday said that the loan waivers may not be the best solution to address farmers’ distress.
While discussing a report…
Stock market update: Sensex climbs 150 points, Nifty closes at 10,791
On Thursday, the domestic stock markets climbed to a more than one-week high after inflation eased sharply in November, and the new Reserve Bank of India (RBI) governor's move to open up a…
Will try to uphold credibility and autonomy of RBI: Shaktikanta Das
On Wednesday, Shaktikanta Das, who took charge as the 25th Reserve Bank of India (RBI) Governor, said that he will uphold values and autonomy of the central bank. "I would not like to go…
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Govt detected GST evasion worth Rs 12,000 from April to November this year
According to a senior tax official, the government has detected GST evasion worth Rs 12,000 from April to November this year.
While addressing an Assocham event on Wednesday, Central…
Stock market update: Sensex claims 35,150; Nifty settles at 10,449
Domestic stock markets on Tuesday closed on a positive note aided by sustained buying across pharma, FMCG and IT stocks, as investors await the final outcome of the state assembly elections…
RBI Governor Urjit Patel resigns
Following the ongoing rift with the central government, RBI governor Urjit Patel today resigned with immediate effect from the post, though in the statement released by him, Patel cited…
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Domestic stock market shatters as Sensex and Nifty loses over 600 and 150 points respectively
Amid global cues, the domestic stock market on Monday shattered as it began on a lower note. At the very first hour of its business, Sensex traded at 35,023.98, down 649.27 points or 1.82…
Following Binny Bansal’s exit from Flipkart, Myntra CEO Ananth Narayanan resigns
With Binny Bansal’s exit from Flipkart, another senior executive, Ananth Narayanan, who handles the company’s popular fashion platforms Jabong and Myntra, has resigned.
Along with Binny…
Banks to charge customers on non-maintenance of minimum average balance
Top banks across India will now levy charges on non-maintenance of average monthly balance (AMB) in regular savings bank accounts.
According to report in NDTV, banks have now mandated…
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OPEC, allies to cut oil production by 1.2 million barrels per day
With an aim to give major boost to global oil markets, member countries of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies on Friday reached a deal to cut crude…
Krishnamurthy Subramanian appointed as new chief economic adviser
On Friday, the government of India has appointed Krishnamurthy Subramanian, associate professor and executive director (Centre for Analytical Finance) of Indian School of Business,…
HCL Technologies acquires seven IBM software assets for 1.8 billion dollar
India’s third-largest information technology services company HCL Technologies, has agreed to acquire some software assets from IBM for $1.8 billion, in one of the biggest acquisitions by an…