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India factory activity quickens in July on stronger demand

Manufacturing

01 August, 2019

India factory activity quickens in July on stronger demand

India’s factory activity accelerated in July as domestic demand and output strengthened, encouraging firms to hire at the fastest rate ......

RBI eases external commercial borrowing norms for companies, NBFCs

Finance

31 July, 2019

RBI eases external commercial borrowing norms for companies, NBFCs

The Reserve Bank of India on Tuesday relaxed norms on end-use of funds raised via external commercial borrowings, making it ......

Higher taxes may trigger fund flight, warns former RBI governor Bimal Jalan

Finance

29 July, 2019

Higher taxes may trigger fund flight, warns former RBI governor Bimal Jalan

A former Reserve Bank of India (RBI) governor, Bimal Jalan, has warned that the higher income taxes the government introduced ......

RBI to cut rates again in August as doves prevail: Poll

Finance

25 July, 2019

RBI to cut rates again in August as doves prevail: Poll

The Reserve Bank of India is set to cut interest rates in August for the fourth meeting in a row, ......

RBI names BP Kanungo to run monetary policy after Viral Acharya quits

Finance

24 July, 2019

RBI names BP Kanungo to run monetary policy after Viral Acharya quits

The Reserve Bank of India (RBI) said on Tuesday it had assigned deputy governor B.P. Kanungo to run the monetary ......

Rise in govt borrowing can weigh on corporate sector, says RBI's Acharya

Finance

23 July, 2019

Rise in govt borrowing can weigh on corporate sector, says RBI's Acharya

An increase in government borrowing runs the risk of flooding the debt market, while making it expensive for companies to ......

India govt panel recommends cryptocurrency ban, 10-year jail term

TMT

22 July, 2019

India govt panel recommends cryptocurrency ban, 10-year jail term

An Indian government panel has recommended banning all private cryptocurrencies and a jail term of up to 10 years and ......

Government seeks to tap foreign lenders for loans to small firms

Finance

19 July, 2019

Government seeks to tap foreign lenders for loans to small firms

India’s government is in talks with foreign lenders to provide as much as $14.5 billion in credit to millions of ......

Punjab & Sind Bank reports fraud in Bhushan Power account

Finance

17 July, 2019

Punjab & Sind Bank reports fraud in Bhushan Power account

India’s Punjab & Sind Bank (PSB) said on Wednesday it has reported a 2.38 billion rupee ($34.58 million) fraud to ......

Punjab National Bank detects $556 mn fraud by Bhushan Power & Steel

Finance

08 July, 2019

Punjab National Bank detects $556 mn fraud by Bhushan Power & Steel

The Punjab National Bank (PNB) on Saturday said it had reported a borrowing fraud of 38.05 billion Indian rupees ($556 ......