India Blog News - Page 8
RBI announces hike in limits for cheaper loan for affordable housing; raises red flag on small ticket housing loans
The RBI said after a careful analysis of the housing loans data, it has been observed that the level of NPAs for the ticket size of up to Rs 2 lakh has been high and is rising briskly.
RBI ups repo rate to 6.25% after four-and-a-half years; get ready to pay more on your home, auto loans soon
The RBI's decision to hike the repo rate will soon impact the common man, as banks will start raising their lending rates.
RBI monetary policy: Experts weigh in on the first rate hike since January 2014, to 6.25 percent
The central bank’s monetary policy committee lifted the repo rate by 25 basis points to 6.25 percent, the first increase since January 2014,
Infosys CEO Salil Parekh says business growth will not be constrained by stricter US, Australian visa norms
Infosys had last year announced that it will set up four technology and innovation hubs and hire about 10,000 locals in the US over two years.
Narendra Modi interacts with young innovators, says country has established a stronghold in the startup ecosystem
The government has simplified the rules for startups, Modi said.
Walmart can charm Indian farmers if it can become a partner of shops than predator, using finance and logistics as value drivers
Walmart has had a chequered performance across the planet because what is good for the US may not necessarily be good for other countries.
Amazon CEO Jeff Bezos says progress in India business in five years of operations 'energising'
Amazon has been infusing funds into its various entities in India, including Amazon Pay, marketplace and wholesale business.
Markets open higher ahead of RBI policy decision; Sensex rebounds over 69 points; FMCG, auto, metal stocks up
Sensex recovered by 69.38 points, or 0.19 percent, to 34,972.59. It had lost 419.17 points in the previous three sessions
RBI policy: Will there be a rate hike? Here’s what to expect from the Monetary Policy Committee today
A rate hike at this stage would be too early. But, the language and tone of the RBI policy will offer clues on the future course of interest rates
Vodafone-Idea merger: Idea Cellular gets DoT approval to raise FDI limit to 100%; merger deal in last leg of regulatory clearance
The merged entity would be known as 'Vodafone Idea Ltd'. It will be the country's largest telecom operator with around 430 million subscribers from Day 1.
Electrosteel Steels spells out steps for completion of acquisition by Vedanta, delisting from bourses
In March, Vedanta was declared as successful resolution applicant by the committee of creditors (CoC) for Electrosteel Steels Ltd under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code, 2016.
Nikesh Arora, former SoftBank president, gets a whopping $128 mn as new CEO of Palo Alto Networks
Arora, succeeds Mark McLaughlin, who has led the company for nearly seven years and has played a major role in its torrid pace of growth.
Farmers dump vegetables on roads but strike mostly peaceful; prices of produce up by 10%
Farmers in eight states, mostly ruled by Modi’s Bhartiya Janata Party, have restricted supplies of vegetable and milk to the cities’ markets.
4 years of Narendra Modi govt: NDA has paid more than a nodding acknowledgement to entrepreneurship; it’s time to up the ante
While the Narendra Modi-led government has made a lot of promises to entrepreneurs, how many of these have really helped the startup sector? The jury is still out on this.
Vedanta to buy 90% of Electrosteel: IBC is a big winner for ailing banks but the judiciary can still spoil party
India's judiciary would do well to stay out of bankruptcy proceedings, critical for the survival of the NPA-ridden banking sector.
RBI policy: If you're seeking auto, home loans, better hurry; the era of cheap money may soon be over
Interest rates are like to go up further if the RBI's MPC signals a hawkish stance on Wednesday
PMI: Weak demand drags services activity into contraction in May, but businesses expect turnaround
The Nikkei/IHS Markit Services Purchasing Managers’ Index (PMI) fell to 49.6 in May from April’s 51.4, sinking below the 50-mark that separates growth from contraction.
Sensex down 102 points in cautious trade, slips below 35,000 mark; power, banking, realty stocks decline; Re dips
Sensex, which had lost 310.49 points in the previous two sessions, fell further by 101.70 points, or 0.29 percent, to 34,910.19.
Aircel-Maxis Rs 3,500 cr deal: P Chidambaram to depose before ED today in money laundering case
Chidambaram's role has come under the scanner in the Rs 3,500 crore Aircel-Maxis deal in which the ED has already questioned his son, Karti.
Ruchi Soya lenders have asked for rebidding between Patanjali Ayurved, Adani group: Baba Ramdev
Ruchi Soya, facing the insolvency proceedings, has a total debt of about Rs 12,000 crore.
Fed should go slow on unwinding balance sheet to limit impact of dollar in emerging markets, says RBI governor Urjit Patel
Given the rapid rise in the size of the US deficit, he said, the Fed must respond by slowing plans to shrink its balance sheet
GDP growth shows headwinds of note ban, GST are becoming tailwinds; but trade wars and oil prices could spoil party
While there is no data to back it, part of this quarter’s GDP growth is due to the formalisation of the economy, brought about by the demonetisation-GST duo.
Brent crude oil futures dip; prices under pressure from record US output, expectations of higher OPEC supplies
Global benchmark Brent was down 12 cents, or 0.16 percent, at $76.67 a barrel by 0159 GMT.
Sensex slips 137 points in volatile trade; HDFC Bank, Asian Paints, TCS among major losers; Rupee rises 21 paise
Sensex fell 137.60 points, or 0.39 percent, to 35,089.66.
Market tumble suggests music has stopped playing for mid-cap; consumer and tech stocks are safe bet for rest of year
The market internals are reflecting the change. The new 52-week lows far outnumber the highs, 64 percent of the stocks in BSE 500 are below their 200 dma and way of their highs showing that the broad market is hurting.
CBDT quashes rumours: Records on Nirav Modi, Mehul Choksi case transferred before fire broke out at Mumbai office
CBDT's clarification came following media reports claiming the records were destroyed in the fire.
Air India disinvestment: After failed sale plan, national carrier seeks restoration of equity infusion from govt
Air India which has a debt burden of about Rs 50,000 crore till March last year, had been receiving about Rs 3,000-4,000 crore equity infusion on an average per fiscal from the government till FY14
Narendra Modi in Singapore: PM visits Changi Naval Base, meets officers of Indian Navy, Royal Singapore Navy
Narendra Modi, on his three-day tour to Singapore, visited the Changi Naval Base and met officers and sailors of the Indian Navy and the Royal Singapore Navy.
ICICI-Videocon loan issue: Bank's Board denies asking CEO Chanda Kochhar to go on leave
On Wednesday, ICICI Bank's Board of Directors had decided to institute a "comprehensive enquiry" to look into an anonymous whistle blower's complaint alleging that Chanda Kochhar had not adhered to provisions relating to "code of conduct" of the bank.
Know of a 'benami' transaction or property? Inform the taxman and you could pocket as much as Rs 1 cr
The 'Income Tax Informants Reward Scheme' has also been amended under which a person can get reward up to Rs 50 lakh for giving specific information about substantial evasion of tax on income or assets in India, which are actionable under the Income-tax Act, 1961.