The Reserve Bank of India on Monday said that it has imposed a penalty of Rs 7 crore on State Bank of India for non-compliance of several norms. "This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered ...
Lower prices of key transportation fuels along with manufactured items eased India's annual rate of inflation based on wholesale prices to 2.02 per cent in June from 2.45 per cent in May, official data showed on Monday....
Dewan Housing Finance Limited on Monday came under heavy selling pressure after the company reported a net loss of Rs 2,223 crore for the fourth quarter (Q4) of 2018-19 over the weekend. At 11.26 a.m., DHFL was trading 30.61 per cent lower at Rs 47.50 apeice on the ...
The Chinese economy grew at the slowest pace in 27 years in the second quarter of 2019 as the country logged a growth of 6.2 per cent, the National Bureau of Statistics said on Monday. The damaging trade with the US could have been one of the reasons provin...
Sensex opened above the 39,000 mark on Monday, advancing on the back of gain made by IT major Infosys over its strong quarterly earnings. Infosys was the top gainer during the early trade, with over 5 per cent gain as the benchmark index, Sensex, at 10.12 a.m. was trading 106.62 points higher at...
In reaction to the Rs 1,774.82 crore Bhushan Power & Steel Ltd (BPSL) fraud that Allahabad Bank reported in the weekend, its scrips fell by over 11 per cent during the early trade on Monday. At 9.22 a.m., the state-run Allahabad Bank was trading 11.24 per cent lower at...
Facing the heat owing to the ongoing US-China trade war, telecommunications giant Huawei is reportedly preparing to lay off hundreds of workers in the US. ...
The US Treasury Department has urged Congress to raise the federal debt ceiling before lawmakers leave for the August recess, warning that the department will exhaust its cash by early September. "Based on updated projections, there is a scenario in which we run out of cash ...
As many as 1.87 lakh families in rural Patna are still awaiting to get the reimbursement promised under the Swachh Bharat Mission-Gramin scheme for constructing toilets in their houses. Poverty-stricken Dinanath Rai and Surajdeo Mahto constructed toilets in their ...
In a rapidly transforming global economic landscape in the face of Brexit, trade wars, debates around central bank policy and India emerging as a major economy in aggregate terms, a focus on creating a financial hub in India is both required and commendable. The Union Budget 2019 has provided incentives to...
