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Global financial consulting major Moody's said on Tuesday that recent measures announced by the Indian government to stimulate the economy will provide some support to investor confidence, resulting in 6.4 per cent real GDP growth in the current

The rupee on Monday declined by 36 paise and closed to an over nine-month low. The rupee opened lower at 72.03 and fell to an intraday low of 72.25 against the greenback. The rupee settled at 72.02 against the American currency.

The rupee on Monday declined by 42 paise to 72.08 against the US dollar in early trade, due to strong dollar demand from banks and importers amid unabated foreign fund outflows. Forex trader said the local unit came under pressure after the latest escalation of the US-China trade war.

Meanwhile, on Monday, China's currency slid to its

The S-P BSE Sensex and NSE Nifty 50 indexes were trading firmly higher after the Reserve Bank of India's central board decided to payout Rs 1.76 lakh crore of excess funds to the central government. The RBI's payout comes

The Reserve Bank of India (RBI) employees union has urged the central bank to seek consensus on the Bimal Jalan panel report "in view of wider and long-term implications of the recommendations, irreversibility thereof" .

The panel, chaired by former RBI governor Bimal Jalan, submitted to the RBI on Friday the Economic Capital Framework

China's currency on Monday slid to its lowest point in more than 11 years as concerns over the US trade war and the potential for global recession weighed on markets.

The onshore yuan fell to 7.1487 to the US dollar, its weakest

The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its

Gold prices rose for the fifth straight day on Monday and continued its record-setting spree. Gold prices hit a new record high of Rs. 39,670 per 10 grams in Delhi. The prices jumped by Rs. 675 on the back of persistent buying from jewellers, a

Rakesh Gangwal, the billionaire co-founder of budget airline IndiGo, will support company proposals at a shareholder meeting next week to expand its board after an agreement on policy changes, months after he accused his fellow co-founder of corporate-governance lapses.

The board of IndiGo, Asia's biggest budget airline by market value, has

Stock markets started Tuesday's session on a higher note, a day after the Reserve Bank of India approved a record payout of Rs 1.76 lakh crore to the government. The S-P BSE Sensex index rose as much as 199.68 points to 37,693.80 in early trade, and the broader NSE Nifty index climbed to 11,121.05, up 63.2 points from the previous close. Gains

The S-P BSE Sensex and NSE Nifty 50 indexes on Monday staged their biggest single-day gain since May 20, after the government announced measures to boost the slowing economic growth. In a presentation after market hours last Friday, Finance Minister Nirmala Sitharaman announced the government's decision

With Finance Minister Nirmala Sitharaman having announced measures to boost demand and improve liquidity, the Confederation of Indian Industry (CII) said on Sunday that economic growth would climb in the coming months.

In a statement, the industry body said that the steps

Deutsche Bank AG's only retail banking franchise outside Europe is getting more investment, amid sweeping cost cuts and restructuring taking place elsewhere at the German lender.

After receiving a 470 million euro ($520 million) capital injection

The latest FICCI Economic Outlook Survey has pegged first-quarter GDP growth at 6 per cent in 2019-20 while for the whole fiscal year growth is seen at 6.9 per cent in 2019-20.

The growth numbers for the first quarter are expected to be released by

SBI or State Bank of India, the country's largest lender, offers a number of saving schemes under its personal banking portfolio. One such scheme offered by SBI is Tax Savings Scheme, 2006, which is a kind of fixed deposit or term deposit. Resident

The Reserve Bank of India (RBI) approved a record Rs 1.76 lakh-crore ($24.4 billion) payout to the central government, boosting Delhi's coffers at a time when it is under pressure to provide a fiscal stimulus to the slowing economy.

The central bank's board approved

The government's announcement of an upfront capital infusion of Rs 70,000 crore in public sector banks will enable them to grow loans by around 13-15 per cent in the fiscal year ending March 2020 and will also allow them to meet the final Basel III capital requirements, rating agency Moody's said on Monday.

"The announcement by the Indian

The Indian government should move towards a simple tax structure with a single corporate tax rate of 25 per cent, without any surcharge or cess above it, global advisory KPMG has said in a report.

The report titled "India: Redefining its

The Finance Ministry on Monday said the last date for filing annual GST returns has been extended by three months to November 30 as taxpayers were facing technical problems in furnishing returns. Earlier, GST taxpayers were to file required returns by August 31.

"It is

The state-run lenders surged in trade today after Finance Minister Nirmala Sitharaman on Friday announced that the government will provide Rs 70,000 crore of recapitalisation funds to public sector banks upfront, instead of spreading it throughout the year. The gauge of government-owned banking shares – Nifty PSU Bank Index – surged as much as 6.5

Banks today require their savings account customers to maintain a certain average monthly balance (AMB). From public sector lender State Bank of India (SBI) and Punjab National Bank (PNB) to its private sector peers HDFC Bank and ICICI Bank, most banks have

The government will receive a windfall from the central bank in the current financial year thanks to a much higher-than-expected dividend, allowing Prime Minister Narendra Modi's administration to provide a tottering economy with additional fiscal

The S-P BSE Sensex and NSE Nifty 50 indexes staged sharp gains on Monday, after the government announced a slew of measures to spur the slowing economy. The Sensex index surged over 800 points and the broader NSE Nifty 50

The RBI Board meeting on Monday to finalise its annual accounts is also likely to take up the Bimal Jalan panel's recommendations on Economic Capital Framework (ECF) along with the dividend payment to the government, sources said.

The Jalan panel had submitted its

Global investors have shown appetite for rupee denominated assets in recent times and this trend needs to be strengthened further by policy nudges, Reserve Bank of India (RBI) Deputy Governor BP Kanungo said.

In his speech at the Forex Association of India Conference in Singapore, the copy of which was uploaded on the RBI website on Monday,

The Supreme Court on Monday directed disbursement of Rs 7.16 crore to state-run National Buildings Construction Corporation (NBCC) to complete two stalled projects of the embattled real estate group Amrapali, which

With the government announcing a slew of measures to boost the economy, a JM Financial report has suggested that although the government has been responsive to the issues of industry, the steps may not be sufficient and more measures might be

The Reserve Bank of India (RBI) on Monday said that its central board has accepted the recommendations of Bimal Jalan Committee and approved surplus transfer to the government. The RBI will transfer a sum of Rs 1,76,051 crore to the government which comprises a surplus of Rs 1,23,414 crore for 2018-19.

"The Central Board of the Reserve Bank of

Domestic stock markets started Monday's session on a strong note, after the government announced measures to shore up the economy. The S-P BSE Sensex index jumped as much as 393.76 points to touch 37,094.92 in

India Post or Department of Posts, the postal system of the country, provides a number of services. India Post, which has a network of over 1.5 lakh post offices across the country, offers nine savings schemes with different interest rates.