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To review the liquidity management framework, the Reserve Bank of India (RBI) will set up an internal working group, which will suggest measures to simplify the current framework, last reviewed in 2014. The group is expected to submit the report by mid-July.

"It has been decided to

The S-P BSE Sensex and NSE Nifty 50 Indexes extended declines even after the Reserve Bank of India cut its key interest rate or repo rate by 25 basis points and changed policy stance to "Accommodative" from "Neutral". The Sensex fell as much as 487 points to 39,596 and the NSE Nifty 50 Index dropped as much as 146 points to intraday low of

Reliance Jio has announced a flash sale for its 4G-enabled feature phone, JioPhone 2. The flash sale for JioPhone 2 will begin at 12:00 pm on Thursday, June 6, according to the telecom operator's official website - jio.com. JioPhone 2 will be

Government plans to order taxi aggregators like Uber and Ola to convert 40 per cent of their fleet of cars to electric by April 2026, according to a source and records of government meetings to discuss new rules for clean mobility.

Uber and Ola, both backed by Softbank

The Reserve Bank of India (RBI) cut its benchmark interest rate for a third straight time, and paved the way for more policy easing to support an economy growing at the slowest pace since 2014.

The repurchase rate was lowered by 25 basis points to 5.75 per cent, the lowest in nine

With GDP growth touching a five-year low, the RBI may go for a 35 basis points cut in benchmark policy rates at its bi-monthly Monetary Policy Committee's rate review meeting starting from Wednesday. One basis point is equivalent to 0.01 per cent or

Wipro said on Thursday that its founder Azim H Premji would retire as executive chairman and managing director on July 30. Mr Premji - India's second richest man - will continue as non-executive director and founder chairman, the company said in a regulatory filing after market hours on Thursday. The Bengaluru-based IT services major said that the

The Reserve Bank of India (RBI) has decided to do away with charges levied on Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) payments. "Banks will be required, in turn, to pass these benefits to their customers. Instructions

The Indian market has been a favourite spot for the FIIs (foreign institutional investors) ever since the exit polls were announced ushering in the formation of a government led by Prime Minister Narendra Modi. The FIIs have bought equities worth Rs 85,040.63

The S-P BSE Sensex and NSE Nifty 50 Indexes staged their biggest single day fall of 2019 even as the Reserve Bank of India cut repo rate by 25 basis points to lowest in nine years and changed policy stance to "Accommodative" from "Neutral". The benchmarks fell sharply after the RBI monetary policy decision as some analysts were expecting 50

Shaktikanta Das said the RBI would ensure a "faster and higher" transmission by commercial banks

India Post or Department of Posts, which runs the postal network of the country, offers several savings schemes with different interest rates. Senior Citizen Savings Scheme (SCSS) is one of the nine small savings schemes offered by post office. The minimum amount required to

The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on Thursday, while also changing its monetary policy stance to "accommodative" after the economy grew at its slowest pace in over four years in the January-March quarter.

The six-member monetary

Reforms meant to clean up $190 billion of stressed bank loans will be crucial to reviving economic growth during Narendra Modi's second term as prime minister.

Just days after a landslide electoral victory, PM Modi is being forced to focus on the economy after the slowest expansion in five years. A crisis among shadow lenders has curbed advances

The Supreme Court on Tuesday allowed reopening of Infrastructure Leasing - Financial Services (IL-FS) accounts for the last five years. The move by the top court comes as a setback for Hari Sankaran, the former IL-FS managing director, who

The Reserve Bank of India on Thursday lowered the economic growth forecast for the current fiscal year to 7 per cent due to slowdown in domestic activities and escalation in global trade war. In the April monetary policy, the growth of Gross Domestic Product (GDP) for

DHFL news: DHFL said it has met its financial obligations worth Rs. 40,000 crore since September 2018

An Indian startup's legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country.

The legal tussle between

The rupee pared most of its early morning losses and was trading marginally down by 5 paise at 69.31 against the American currency, after the Reserve Bank of India cut its repo rate by 0.25 per cent Thursday. 

The rupee had opened on a weak note at 69.41 at the interbank forex market and then fell further to 69.45 vs the dollar. Following the RBI's

Domestic stock markets started Thursday's session on a lower note, ahead of the release of the central bank's second bi-monthly policy statement. The S-P BSE Sensex fell as much as 153.55 points to 39,929.99, and the NSE Nifty index declined to 11,954.95, down 66.7 points from the previous close. Weakness in financial and energy stocks dragged

Gold imports in May jumped 49 per cent from a year earlier to 116 tonnes as a correction in local prices during a key festival boosted retail demand, a government source said on Tuesday.

Higher gold imports by India, the world's second-biggest consumer of the precious metal, could support global prices that are trading near their highest

The Reserve Bank of India (RBI) on Thursday raised the retail inflation forecast marginally to 3-3.1 per cent for the first half of the current fiscal year, tracking uptick in food prices - mainly vegetables, albeit expectations of a normal monsoon this year. 

In its first bi-monthly policy for FY20 in April, the Reserve Bank of India (RBI)

The rupee declined by 19 paise to 69.45 against the US dollar in early trade on Thursday, ahead of the Reserve Bank of India's monetary policy decision. Forex traders said foreign fund outflows and rising crude oil prices kept pressure on the

IndiGo on Tuesday announced the addition of international flights at a starting all-inclusive price of Rs 6,999. The new non-stop daily flights will be operated on Mumbai-Dammam and Chennai-Kuala Lumpur routes, the airline said in a press release. The new flights between Mumbai and Damman will be

India is becoming the gold standard for monetary policy in Asia, if not the world.

While global markets are giddy from hints that the Federal Reserve may cut interest rates, the Reserve Bank of India has been easing since February. Just as important, the RBI has been very consistent in its message: Borrowing costs need to come down to juice growth.

The Monetary Policy Committee is headed by Reserve Bank of India Governor Shaktikanta Das

The S-P BSE Sensex and NSE Nifty 50 indexes came off record high levels tested in yesterday's session ahead of Reserve Bank of India's monetary policy decision due on Thursday. Meanwhile, weakness in equities globally also weighed on investor sentiment domestically. Tata Consultancy

Shares of state-run GAIL (India) Ltd plunged as much as 11.4 per cent to intraday low of Rs 317.40 on the back of heavy trading volumes. On the BSE, as many as 13.51 lakh shares changed hands compared with an average of 2.32 lakh shares traded daily in the past two weeks. The stock was underperforming the benchmark indexes as the Sensex and Nifty

Ratings agencies ICRA and Crisil downgraded Dewan Housing Finance Corp Ltd's (DHFL) commercial paper to their lowest ratings on Wednesday after the lender missed certain payments on bonds due this week.

This was Crisil's fifth rating cut on the company's paper this year and ICRA's fourth, highlighting the problems in shadow banking sector that has

Indian Railway has opened recruitment for its southern unit. Hiring has opened for executive assistants, data entry operators and digital office assistants on a full-time contract basis, according to a notification by the Southern Railway, an arm of the Indian