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  • RBI board to consider raising overseas investment limit in VRR October 21, 2021 4:20 pm MUMBAI: The central bank has put up a proposal to raise the investment limit through the Voluntary Retention Route (VRR), a dedicated window for obtaining long-term overseas debt funds, three people familiar with the matter told ET. The Reserve Bank of …
  • Mid-Morning Market Update: Markets Mixed; AT&T Profit Tops Views October 21, 2021 4:15 pm Following the market opening Thursday, the Dow traded down 0.34% to 35,488.91 while the NASDAQ rose 0.31% to 15,168.18. The S&P also fell, dropping 0.09% to 4,532.29. The U.S. has the highest number of coronavirus cases and deaths in the world, …
  • Subscription to sovereign gold bond to open for 5 days from Oct 25 October 21, 2021 3:24 pm The next tranche of Sovereign Gold Bonds 2021-22 will be open for subscription for five days from October 25, the finance ministry said in a statement on Thursday. The bonds under the 2021-22 series will be issued in four tranches during October 2021-March …
  • Indian economy to see 10.5 per cent or higher growth this fiscal: Niti Aayog VC October 21, 2021 3:12 pm By PTI NEW DELHI: Indian economy is expected to grow 10.5 per cent or more in the current fiscal, Niti Aayog Vice Chairman Rajiv Kumar said on Thursday. Speaking at a virtual conference of PAFI India, he also said that modernisation of the retail sector is …
  • PSU banks likely to get capital support in Q4 to meet regulatory needs October 21, 2021 10:49 am The government is likely to pump capital in public sector banks during the last quarter of the current financial year to meet the regulatory requirements. The government in the Budget 2021-22 has made an allocation of Rs 20,000 crore for the capital …
  • Few startups corner bulk of funding; RBI rule disrupts auto pay October 21, 2021 10:45 am India's startup ecosystem is in the midst of an unprecedented funding boom, but the top two or three companies in each sector have cornered the lion's share of investments this year, according to data sourced from Venture Intelligence. Also in this …
  • BoM Q2 net profit doubles, writes-off Srei's Rs 550-cr exposure October 21, 2021 10:42 am Bank of Maharashtra (BoM) posted 102.7 per cent rise, on year-on-year (Y-o-Y) - in net profit at Rs 264 crore in second quarter ended September 2021 (Q2FY22) on robust interest and fee income. It had posted a net profit of Rs 130 crore in Q2FY21. Its Net …
  • New norms put auto debits in no man's land October 21, 2021 10:28 am Mumbai: If you couldn't renew monthly subscriptions to the New York Times platform or Netflix and Amazon Prime streaming services, you shouldn't have blamed technology. New central bank rules on automatic debits, which took effect October 1, …
  • PSU banks likely to get capital support in Q4 to meet regulatory requirements October 21, 2021 10:28 am The government is likely to pump capital in public sector banks during the last quarter of the current financial year to meet the regulatory requirements. The government in the Budget 2021-22 has made an allocation of Rs 20,000 crore for the capital …
  • How India can achieve high GDP growth in the medium term October 21, 2021 9:06 am There has been some good news on the economic front for India lately. In its World Economic Outlook, the International Monetary Fund stood by its real GDP growth forecast of 9.5 per cent for 2021 and 8.5 per cent for 2022. On the other hand, the IMF cut …
  • Vodafone, Baroda Seal Deal October 21, 2021 6:52 am Fiji’s banks have welcomed the integration of Vodafone’s M-PAiSA services through Bank of Baroda. “In fact, we welcome competition,” Reserve Bank of Fiji Governor, Ariff Ali said during the launch Vodafone Fiji chief commercial officer, Rajnesh Prasad, …
  • Hot Springs, the Chinese, and Police Commemoration Day October 21, 2021 6:40 am The issue of Patrolling Point 15 lying in the Hot Strings area in the Chang Chemno River valley is the latest example of Chinese obduracy and aggression. This area has a long history of conflict and confrontation dating back to the early days of the Indo- …
  • Dilip Cherian | Disinvestment agenda gets a push: BPCL, LIC among targets October 21, 2021 5:07 am The protracted but ultimately successful Air India sale has recharged the government’s resolve to expedite its disinvestment efforts The Air India sale is finally done with, fittingly, the Tatas back in the cockpit. But there is no rest for Tuhin Kant …
  • What is keeping the stock market high despite the growing pessimism? October 21, 2021 4:31 am Stock market is making new highs every passing day. With every move, there is a rising nervousness about stretched valuations.As the world attempted to recover its economy, central banks opened the floodgates of liquidity which led to the relentless rally …
  • New rules put auto debits in no man's land, merchants forced to curtail services October 21, 2021 4:31 am If you couldn't renew monthly subscriptions to the New York Times platform or Netflix and Amazon Prime streaming services, you shouldn't have blamed technology. New central bank rules on automatic debits, which took effect October 1, probably stood …
  • RBI fines two payment system operators October 21, 2021 1:59 am Mumbai: The Reserve Bank of India has imposed monetary penalties on two payment system operators - Paytm Payments Bank Ltd (PPBL) and Western Union Financial Services (WUFSI) - as deficiencies were found in regulatory compliance. The RBI imposed a Rs 1 …
  • 'Govt won't own a single share in Air India' October 20, 2021 11:59 pm 'The business continuity clause will mean the Tatas will have to keep running the airline for three years, and cannot exit the flying business.' Photograph: @airindiain/twitter   "Air India has been trying to monetise its residential …
  • PSBs told to push for financial inclusion, expand insurance coverage October 20, 2021 10:37 pm The Centre has asked public sector banks (PSBs) to aggressively target financial inclusion, expand pension and insurance coverage and, at the same time, use financial technology (fintech) to extend credit to borrowers during the festive season through co- …
  • Proactive news headlines including AVZ Minerals, Imugene, MMJ Group Holdings and Blue Star Helium October 20, 2021 10:27 pm (MENAFN- GlobeNewsWire - Nasdaq) Sydney, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies: AVZ Minerals Ltd (ASX:AVZ) has progressed …
  • REC raises $75 mn term loan from Sumitomo Mitsui Banking Corporation October 20, 2021 9:30 pm State-run REC on Wednesday said that it has raised a USD 75 million (about Rs 561 crore) term loan from Sumitomo Mitsui Banking Corporation (SMBC). The proceeds from this facility shall be utilised to fund power sector projects as permitted under the …
  • RBI imposes monetary penalty on two payment system operators October 20, 2021 7:38 pm New Delhi [India], October 20 (ANI): The Reserve Bank of India (RBI) has imposed a monetary penalty on two payment system operators for deficiencies in regulatory compliance. A statement issued by the RBI today read, "The Reserve Bank of India (RBI) …
  • RBI rule on recurring payments: Small businesses, start-ups feeling the heat October 20, 2021 5:52 pm Small businesses and start-ups running on a subscription model are losing out on users and timely payments due to the Reserve Bank of India’s new rule on recurring payments. For instance, the non-profit digital rights advocacy group, Internet Freedom …
  • Mid-Day Market Update: Healthcare Services Drops After Q3 Results; Radius Health Shares Jump October 20, 2021 5:15 pm Midway through trading Wednesday, the Dow traded up 0.40% to 35,598.89 while the NASDAQ rose 0.15% to 15,151.71. The S&P also rose, gaining 0.37% to 4,536.47. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a …
  • RBI fines Paytm Payments Bank, Western Union October 20, 2021 5:12 pm The Reserve Bank has imposed a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL) and Rs 27.78 lakh on Western Union Financial Services for non-compliance with certain directions. In a release on Wednesday, the RBI said on examination of PPBL' …
  • Trend: 10-year gilt at 18-month high as crude rally brings rate hike spectre closer October 20, 2021 2:52 pm NEW DELHI: The 10-year benchmark government bond yield rose to its highest level in one-and-a-half years on Wednesday as the relentless rise in global crude oil prices and worries of higher inflation worldwide led to speculation about the Reserve Bank of …
  • Mid-Morning Market Update: Markets Open Higher; Verizon Posts Upbeat Earnings October 20, 2021 2:43 pm Following the market opening Wednesday, the Dow traded up 0.35% to 35,580.21 while the NASDAQ rose 0.11% to 15,146.02. The S&P also rose, gaining 0.32% to 4,533.97. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting …
  • RBI penalises Paytm Payment Bank and Western Union Financial Services October 20, 2021 2:28 pm The Reserve Bank of India (RBI) on Wednesday imposed a monetary penalty of Rs 1 crore on Paytm Payments Bank for submitting information that did not reflect the factual position, which, according to the central bank, is an offence under Section 26 (2) of …
  • RBI may be looking at changing its reserve management strategy October 20, 2021 1:44 pm RBI may be internally exploring shedding its traditional approach to foreign exchange reserve management amidst falling global yields adding to the fiscal costs of managing the reserves. A research paper by RBI economists suggests that the central bank …
  • Congress Move To Reserve 40% Seats For Women In UP Assembly Polls Creates Buzz October 20, 2021 1:23 pm Congress leader Priyanka Gandhi's announcement that the party will field 40 per cent women candidates in Uttar Pradesh has created considerable buzz. However, experts aren't sure it is a revolutionary move.    "It appears to be a progressive …
  • YES Bank showing remarkable progress; to take to two more years to stabilise: Former SBI chief October 20, 2021 11:12 am Crisis-hit has shown remarkable progress after its management was taken by the clutch of investors led by State (SBI) last year and may take two more years to stabilise, said former SBI chairman Rajnish Kumar. "The situation in which YES Bank was, you …
  • A Peek Into The Markets: US Stock Futures Flat Ahead Of Earnings, Fed Minutes October 20, 2021 10:20 am Pre-open movers U.S. stock futures traded mostly flat in early pre-market trade after the Dow Jones climbed around 200 points in the previous session. Investors are awaiting earnings results from Verizon Communications Inc. (NYSE: VZ), Abbott Laboratories …
  • NPCI Tokenisation system will support RuPay cards October 20, 2021 9:29 am In line with the recently issued guidelines by the Reserve Bank of India (RBI) to secure customers’ financial data, National Payments Corporation of India (NPCI) on Wednesday launched NPCI Tokenisation system (NTS) to support tokenisation of RuPay cards as …
  • Stocks that will see action today (October 20) October 20, 2021 5:07 am Reliance Industries' subsidiary, Reliance Retail Ventures, has acquired 52 per cent equity stake in Ritika Pvt Ltd that owns Ritu Kumar, Label Ritu Kumar, RI Ritu Kumar, aarke, and Ritu Kumar Home and Living, including complete acquisition of Everstone …
  • Telangana: Yadadri temple's renovation to begin with yagam October 20, 2021 4:04 am By Express News Service HYDERABAD: A grand ceremony is planned to kickstart the renovation of Yadadri temple. After inspecting the ongoing works on Tuesday, Chief Minister K Chandrasekhar Rao said: "The renovation programme will begin with the Maha …
  • Gold falls as treasury yield rally dents appeal October 20, 2021 2:43 am Gold prices edged lower on Wednesday as surging U.S. bond yields dented the metal's appeal and bets for upbeat corporate earnings lifted risk-on sentiment. FUNDAMENTALS * Spot gold dropped 0.1% to $1,767.71 per ounce by 0100 GMT. The metal rose as much …
  • Banks flag concerns over US rules on consumer data, seek govt guidance October 20, 2021 1:39 am India's banks have approached the government with their concerns over the mandatory sharing of customer details with US authorities under that country's expanded National Defense Authorization Act (NDAA), which took effect on January 1. A …
  • Talks on with govt over crypto regulations, CoinSwitch Kuber CEO says October 19, 2021 11:06 pm The cryptocurrency industry is in talks with the Indian government and regulators to assuage their concerns about the sector, according to India's largest crypto exchange. CoinSwitch Kuber, which is backed by Tiger Global, Sequoia and Coinbase Ventures …
  • Zomato in the firing line; Cred’s valuation hits $4B October 19, 2021 11:05 pm This morning, Zomato said it had fired a customer service employee who told a customer from Tamil Nadu that he ought to know Hindi. Two hours later, the company reinstated the employee after CEO Deepinder Goyal tweeted that she should not have been sacked …
  • RBI imposes Rs 1 Cr penalty on SBI; Rs.1.95 Cr on Standard Chartered October 19, 2021 10:32 pm Banks face Rs.10K fine if their ATMs fail to dispense cash for more than 10 hrs The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the State Bank of India. The penalty was imposed on the lender for non-compliance with the …
  • Interest rate on small savings scheme higher than PPF, NSC, says RBI October 19, 2021 8:58 pm NEW DELHI: By holding small savings rates steady for six quarters, the government is paying between 47 and 178 basis points (100 basis points equal a percentage point) higher to those parking funds in public provident fund, National Savings Certificate or …
  • Yadadri temple needs 125 kg gold, KCR to donate 1 kg October 19, 2021 5:02 pm Telangana Chief Minister K. Chandrasekhar Rao on Tuesday announced to donate 1 kg and 16 tolas of gold on behalf of his family for the renovated Yadadri temple, which will be thrown open to the public on March 28, 2022. After a visit to the Sri …
  • Hindustan Unilever warns of inflationary pressures after Q2 net profit jump October 19, 2021 2:34 pm Hindustan Unilever Ltd., the Indian arm of the global consumer goods titan, posted quarterly profit in line with market estimates, boosted by a broad economic recovery that was overshadowed by warnings of inflationary challenges ahead. Net income for the …
  • Unilever India warns of inflationary pressures after profit jump October 19, 2021 2:10 pm Hindustan Unilever Ltd., the Indian arm of the global consumer goods titan, posted quarterly profit in line with market estimates, boosted by a broad economic recovery that was overshadowed by warnings of inflationary challenges ahead. Net income for the …
  • Financial stability taken care of under flexible inflation targeting regime: RBI research October 19, 2021 11:59 am Financial stability is well taken care of in the RBI's flexible inflation targeting regime and it need not be a separate explicit monetary policy goal, according to a research paper by RBI economists. The present flexible inflation targeting (FIT) …
  • Indian banks face rise in bad loans to 8-9% of lending: CRISIL October 19, 2021 11:37 am Indian banks are likely to see a rise in gross non-performing assets (NPA) to 8-9% of total lending at the end of this fiscal year from 7.5% last year, rating agency said in a report on Tuesday. The rises will be led by retail clients and the micro, small …
  • A Peek Into The Markets: US Stock Futures Gain Ahead Of Earnings Reports October 19, 2021 11:37 am Pre-open movers U.S. stock futures traded higher in early pre-market trade after the Nasdaq index climbed around 125 points in the previous session. Investors are awaiting earnings results from Johnson & Johnson (NYSE: JNJ), Procter & Gamble Co ( …
  • Time for India to embark on new trajectory of sustainable and inclusive growth, says RBI article October 19, 2021 11:14 am Oct 19, 2021, 03:56PM ISTSource: TOI.inIt is time for India to embark on a new trajectory of sustainable and inclusive growth, with the vaccination drive picking up pace and Covid-19 mortality rate coming down, said a Reserve Bank article on the 'State …
  • Banking system NPAs may rise to 8-9% by end of FY22, says Crisil October 19, 2021 9:39 am The gross non-performing assets (NPAs) of Indian banks may rise to 8-9 per cent by the end of this fiscal year (FY22), 50-150 basis points higher than FY21 levels, but much below the FY18 levels when NPAs reached a peak of 11.2 per cent, said rating agency …
  • Fractional Flow Reserve Market, June 2021 Report On Size, Share, Future Trend, Revenue, Value and Volume, Growth Analysis And New Opportunity to Hit Latest Growth Level 2021-2030 October 19, 2021 7:35 am The MarketWatch News Department was not involved in the creation of this content. Oct 19, 2021 (AmericaNewsHour) -- In a recently published report, Fractional Flow Reserve Market report for till 2030. The report further now discusses; the various …
  • India looks at reviewing its future responses against China at strategic level October 19, 2021 6:29 am Express News Service RUPA (ARUNACHAL PRADESH): Consequent to the unilateral breach of agreements along the Line of Actual Control by China in Eastern Ladakh, Commander-in-Chief of Indian Army's Eastern Command Lt Gen MK Pande suggested that India is …
  • Time right for setting India on new trajectory of sustainable growth: RBI report October 19, 2021 6:04 am Domestic demand is gaining strength while aggregate supply conditions are recouping, powered by the robust performance of kharif agricultural production and revival of manufacturing and services, said the article authored by a team of RBI officials led by …
  • RBI Fines Standard Chartered Rs 1.95 Crore, SBI Rs 1 Crore For Not Complying With Cyber Security Regulations October 19, 2021 2:33 am Reserve Bank of India imposed a fine of Rs 1.95 crore on Standard Chartered Bank for being non-compliant to the apex banker's directions concerning cyber security, credit card and electronic banking operations. Separately, the State Bank of India (SBI) …
  • Need of the hour is to focus on supply-side reforms, says RBI October 18, 2021 10:59 pm The need of the hour is to focus on supply-side reforms and easing various bottlenecks and disruptions, rather than focusing single-mindedly on normalisation, the Reserve Bank of India (RBI) said in its State of the Economy report in its October bulletin. …
  • Equitas Small Finance Bank to raise up to Rs 1,000 crore via QIP October 18, 2021 10:03 pm Equitas Small Finance Bank (SFB) plans to raise up to Rs 1,000 crore in equity capital by issuing shares to institutional investors to meet minimum public shareholding (MPS) norms. The amount to be raised includes a premium on shares. The firm’s board has …
  • Branchless banking: India vs world markets October 18, 2021 9:13 pm In recent years, the internet has made the world one large marketplace where communication happens in real-time. It has affected every spectrum of our life making things more convenient. One of the key areas where the benefits of the internet have been put …
  • Cerberus, the US investor leading the race for Yes Bank's ARC October 18, 2021 8:24 pm MUMBAI : Distressed assets investor Cerberus Capital Management is the frontrunner to become Yes Bank Ltd’s equity partner in the lender’s proposed asset reconstruction company (ARC), two people directly aware of the discussions said. Negotiations are also …
  • Economy picking up steam amidst accentuation of global risks, says RBI October 18, 2021 7:39 pm The Indian economy is picking up steam, although the recovery is uneven and trudging through soft patches, amidst an accentuation of global risks, according to an article in the Reserve Bank of India’s latest monthly bulletin. The step-up in vaccination, …
  • Airtel promoter arm to raise Rs 1,380 cr, to participate in the rights issue October 18, 2021 7:04 pm MUMBAI | KOLKATA: Bharti Telecom (BTL), a holding company of ’s promoters, is raising around Rs 1,400 crore via corporate bonds in the local money markets to help it mainly participate in the telco's ongoing Rs 21,000 crore rights issue, and also …
  • Economy healing but still digging out of deep economic contraction: RBI October 18, 2021 5:32 pm India’s economy may be healing but it is still digging out of one of the deepest contractions to hit any major economy during the pandemic, the Reserve Bank of India (RBI) said in its monthly bulletin. The RBI Bulletin for October 2021 noted that India was …
  • RBI imposes monetary penalty on India's largest public sector bank SBI for non-compliance of directions October 18, 2021 5:17 pm New Delhi [India], October 18 (ANI): The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 1 crore on the State Bank of India on Monday for non-compliance with the directions contained in "RBI (Frauds classification and reporting by …
  • Some capital will flow out of India if US Fed does any tapering, warns IMF October 18, 2021 4:01 pm The International Monetary Fund (IMF) has cautioned that any tapering by the US Federal Reserve and similar action by other central bankers would lead to some capital flow out of India even as the country has enough foreign exchange at the moment, amid …
  • RBI imposes Rs 1 crore penalty on State Bank of India October 18, 2021 3:43 pm The Reserve Bank of India on Monday slapped a fine of Rs 1 crore on for failing to comply with fraud classification rules. The regulator said it had conducted a probe in accounts maintained with SBI and had found it deficient in reporting frauds. “A …
  • RBI imposes Rs 1 crore penalty on State Bank of India October 18, 2021 3:19 pm The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the country’s largest lender, State Bank of India (SBI), for not complying with directions issued by the central bank with regard to fraud classification and reporting by …
  • RBI imposes monetary penalty on Standard Chartered Bank. Details here October 18, 2021 3:09 pm The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of ₹1.95 crore on Standard Chartered Bank, India, for non-compliance with the RBI directions.  As per a statement, the RBI has, by an order dated October 18, 2021, imposed a monetary …
  • RBI imposes penalty of Rs 1 crore on State Bank of India over non-compliance of directions October 18, 2021 2:42 pm The Reserve Bank of India imposed a monetary penalty of Rs 1 crore on State Bank of India for non-compliance with the directions contained in ‘Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016. …
  • RBI slaps penalty of Rs 1.95 crore on Standard Chartered Bank October 18, 2021 2:42 pm The Reserve Bank of India on Monday imposed a monetary penalty of Rs 1.95 crore on Standard Chartered Bank - India for failing to comply with guidelines issued for customer protection, cyber security, credit card operations and creation of central …
  • Equitas Small Finance Bank to raise Rs 1000 crore in QIP October 18, 2021 2:04 pm Kolkata: The Equitas Small Finance Bank will be looking to raise up to Rs 1000 crore in qualified institutions placement (QIP), the company announced Monday. The board of the bank approved the plan on Monday. This will help the lender meet the 25 per cent …
  • India in no hurry to unwind stimulus but oil is a worry, says FM Nirmala Sitharaman October 18, 2021 6:09 am India is in no hurry to withdraw stimulus provided to support the economy as policymakers want to ensure that the country is on a durable growth path, Finance Minister Nirmala Sitharaman said. However, rising crude oil prices are emerging as a huge …
  • Buying in under-owned stocks to keep the season of records going October 18, 2021 3:23 am Mumbai: Indian stock indices could extend their record-breaking rally this week as continued purchases by bullish domestic investors into under-owned stocks could keep the momentum going. With optimism around the corporate earnings seasons so far helping …
  • Mauritius may be out of FATF Grey List this month October 18, 2021 2:12 am Global investors and offshore funds entering India through Mauritius are betting that in a few weeks the tax haven will shed some of its stigma and come out of the 'grey list' of the Financial Action Task Force (FATF) - an intergovernmental policy …
  • Best of BS Opinion: Why RBI has 'shocked' Srei, digitisation of farm data October 18, 2021 1:59 am It is now time to ponder whether digitisation can improve corporate governance. Uddalok Bhattacharya sums up: Tamal Bandyopadhyay describes why the Reserve Bank of India (RBI) has ‘shocked’ Srei. It seems the RBI had very little choice as the promoters (of …
  • HDFC Bank posts growth as asset quality improves October 17, 2021 9:15 pm (MENAFN- Asia Times) Net profit at India's largest privately-owned bank, HDFC Bank, grew 17.6% for the quarter ended September 30, on the back of robust growth in net interest income, fees and commissions. The private lender posted a profit of 88.34 …
  • At least seven lenders, including Axis Bank, HDFC Bank and ICICI Bank harness GIFT City facilities October 17, 2021 5:12 pm At least seven lenders, including Axis Bank, HDFC Bank and , are harnessing the GIFT City facilities to mark a robust Indian presence in the non-deliverable forward (NDF) currency derivatives market, potentially paving the way for eventual currency …
  • NARCL: Bad bank to soon bring more directors on board October 17, 2021 9:56 am The National Asset Reconstruction Company (NARCL) better known as bad bank will soon bring more directors on board for better corporate governance. The move aims to ensure fair representation of shareholders as well, sources close to the developments …
  • Apple offers 20% bonus in India for adding money to Apple ID October 17, 2021 6:42 am AAs the tech giant is asking developers to promote payments using the Apple ID balance, Apple is now giving a 20 per cent bonus to Indian users who add funds to their Apple ID. Users are being notified about a 20 per cent bonus when adding funds to an …
  • India Inc earnings, taper talks among key factors that may drive market this week October 17, 2021 4:58 am New Delhi: Domestic benchmark equity indices scaled new lifetime peaks last week, thanks to positive domestic sentiments. Despite mixed global cues, Dalal Street traders shunned volatility as buoyancy continued amid the festive season. Buying was seen in …
  • Meet Leena: Your HR version of Apple's Siri October 17, 2021 12:02 am Express News Service If you loved Siri, you may like Leena too. But wait. Siri was your sweet assistant. Leena is an HR entity, an autonomous conversational AI (artificial intelligence) platform that ostensibly helps firms better employee experience. Who …
  • Bollywood Stars Promoting Cryptocurrencies Ahead of Diwali October 16, 2021 2:13 pm Top crypto platforms in India have hired Bollywood stars, including Amitabh Bachchan, one of the most influential actors in Indian cinema, to promote cryptocurrency investments ahead of Diwali, Bloomberg reports.  Diwali is a major festival celebrated by …
  • India's Forex Reserve Increase By $2.04 Billon To Reach $639.52 Billion: RBI October 15, 2021 9:13 pm India's foreign exchange reserves increased by about $2.04 billion to approx $639.52 billion for the week ending October 8, as per the latest data revealed by the RBI. The rise in forex reserves is attributable to the increase in foreign currency …
  • India to remain accommodative in its monetary policy: RBI governor October 15, 2021 8:24 pm India, which is experiencing robust economic recovery which remains uneven across sectors, has decided to remain accommodative in its monetary policy, the Reserve Bank of India Governor told the international community on Thursday. India is witnessing a …
  • India's economy gradually recovering, but beware of inflation: IMF October 15, 2021 5:52 pm The International Monetary Fund (IMF) said India’s economy is gradually recovering after it was hit by two Covid waves, but it cautioned the authorities against inflationary pressures. The agency recommended slow reduction in monetary policy support as …
  • India committed to bring economy on path of fiscal consolidation: FM October 15, 2021 5:52 pm The Indian government remains committed to bring the economy on the path of fiscal consolidation in the near-to-medium term, setting the target to reduce fiscal deficit to 4.5 per cent by 2025-26, Union Finance Minister Nirmala Sitharaman has told the IMF. …
  • RBI approves Pradeep Kumar Panja as Karnataka Bank non-executive chairman October 15, 2021 3:31 pm Resereve Bank of India (RBI) has approved the appointment of Pradeep Kumar Panja as part-time Chairman of Karnataka Bank, the lender stated in a regulatory filing on Friday. The appointment will come into effect from November 14, 2021 and will be for a …
  • India's Forex reserves rise by $2.04 billion to $639.51 billion October 15, 2021 2:34 pm The country's foreign exchange reserves rose by $2.039 billion to $639.516 billion in the week ended October 8, according to RBI data. In the previous week ended October 1, the reserves had dipped by $1.169 billion to $637.477 billion. The reserves had …
  • India’s forex reserves rise by over $2 bn October 15, 2021 1:55 pm India’s foreign exchange reserves rose by $2.039 billion during the week ended October 8. The Reserve Bank of India’s (RBI) forex reserves rose to $639.516 billion from $637.477 billion reported for the week ended October 1. India’s forex reserves comprise …
  • RBI Deputy Governor Says India On Verge Of Achieving Capital Account Convertibility October 15, 2021 7:56 am RBI feels that India is close to achieving its capital account convertibility target India is on the verge of achieving its long standing target of capital account convertibility, deputy governor of the Reserve Bank of India (RBI) T Rabi Sankar said on …
  • Open for business: Finance Minister pitches India as attractive destination for investment and manufacturing October 15, 2021 5:41 am India’s Finance Minister Nirmala Sitharaman and U.S. Treasury Secretary Janet Yellen Oct. 14, 2021. Photo: Twitter @FinMinIndiaIndia’s Finance Minister Nirmala Sitharaman pitched India as an attractive investment and manufacturing destination during her …
  • India, US to reinvigorate action against terrorism-financing, money laundering October 15, 2021 4:45 am India and the US have said they would reinvigorate action against terrorism-financing, tax evasion and money laundering after a high-level meeting on economic and financial partnership led by Finance Minister Nirmala Sitharaman and Treasury Secretary Janet …
  • Joint Statement On The Eighth U.S.-India Economic And Financial Partnership October 14, 2021 9:16 pm Today, U.S Treasury Secretary Janet L. Yellen and Indian Finance Minister Nirmala Sitharaman met for the eighth U.S.-India Economic and Financial Partnership. Following the conclusion of the dialogue, Secretary Yellen and Minister Sitharaman released the …
  • RBI clears re-appointment of Amitabh Chaudhry as MD of Axis Bank October 14, 2021 8:14 pm The Reserve Bank on Thursday approved re-appointment of Amitabh Chaudhry as managing director of private sector Axis Bank for a period of three years. The extended three-year term would be effective from January 1, 2022, Axis Bank said in a regulatory …
  • Amitabh Bachchan, Ranveer Singh to pitch bitcoin ahead of gold for Diwali October 14, 2021 7:42 pm (MENAFN- NewsIn.Asia) Oct 14 (LiveMint) – Ahead of Diwali, two of Bollywood's leading men are pitching another option during India's annual gold shopping spree: cryptocurrencies. India's top two crypto platforms have each tapped stars — one, …
  • RBI clears re-appointment of Amitabh Chaudhry as MD of Axis Bank October 14, 2021 6:53 pm The Reserve Bank on Thursday approved re-appointment of Amitabh Chaudhry as managing director of private sector Axis Bank for a period of three years. The extended three-year term would be effective from January 1, 2022, Axis Bank said in a regulatory …
  • RBI withdraws restrictions on Hindu Cooperative Bank, Pathankot October 14, 2021 3:23 pm The RBI on Thursday withdrew all restrictions imposed on Hindu Cooperative Bank Limited, Pathankot. The Reserve Bank had issued directions stipulating certain restrictions on the bank in March 2019. The directions were modified from time to time and were …
  • India's Sept trade deficit widens to record $22.6 bn October 14, 2021 2:01 pm India's merchandise trade deficit widened to a record $22.6 billion in September, the highest in at least about 14 years, as crude oil and gold imports surged, data released by the government showed on Thursday. However, the widening trade deficit is …
  • Auditors shifting out of jobs at financial companies to comply with new RBI guidelines October 13, 2021 1:49 pm Auditors have begun shifting out of assignments at financial companies to comply with the latest guidelines from the central bank, which had shortened audit terms at high-street banks, other types of lenders and financial-services firms in its guidelines …
  • Reserve Bank Of India Bans Audit Firm Haribhakti & Co For Undertaking Audits For 2 Years October 12, 2021 10:12 am The Reserve Bank of India on Tuesday banned chartered accountant firm Haribhakti & Co LLP from undertaking any type of audit assignments for regulated entities for two years starting April 1, 2022. The banking sector regulator has taken this action …
  • Former State Bank of India chief Rajnish Kumar joins BharatPe as chairman October 12, 2021 8:53 am Rajnish Kumar, former chief of State Bank of India, has joined the Board of BharatPe, a fintech firm, as chairman. He will be involved in defining the company’s short-term and long-term strategies, and will so work closely with the other Board Members and …
  • OPINIONISTA: As dark clouds gather, SA Reserve Bank needs to consider a rate hike to avoid risk from turning into a rout October 11, 2021 10:08 pm Natale Labia Born in Cape Town, Natale Labia lives in Milan, Italy, and writes on the economy and finance. Partner of private equity firm Lionhead Capital Partners. MBA from Università Bocconi. Supports Juventus. First published in the Daily Maverick 168 …
  • Reserve Bank of India retains advisory committee on Srei group companies October 11, 2021 9:15 pm The Reserve Bank of India has retained the Advisory Comm­ittee to advise the Admin­istrator in the operations of the Srei Infrastructure Finance Ltd (SIFL)and Srei Equipment Finance Ltd (SEFL) during the corporate insolvency resolution process. On October …
  • North-Eastern Region breaking with past; witnessing new era of resurgence, assert Vice President of India October 10, 2021 8:38 am Vice President of India and Rajya Sabha Chairman Shri M.Venkaiah Naidu today asserted that the North-Eastern Region(NER) is now decisively breaking from its  troubled past and is witnessing a New Era of Resurgence(NER) as evident in substantial improvement …