Mumbai (IANS) The Reserve Bank of India on Monday said that the financial health of RBL Bank remains stable. “The Reserve Bank would like to state that the bank is well capitalised and the financial position of the bank remains satisfactory,” … read more
Mumbai (IANS) India’s foreign exchange reserves dipped lower by $160 million during the week ended December 17. The Reserve Bank of India’s forex reserves decreased to $635.667 billion from $635.828 billion during the week ended December 10. India’s forex reserves comprise … read more
New Delhi (IANS) With the Income Tax department conducting searches at several premises of Chinese mobile companies across the nation, leading smartphone brands Xiaomi and OPPO said on Wednesday they continue to cooperate with authorities as per the law of the … read more
Mumbai (IANS) Concerns over the new Omicron Covid-19 variant, as well as continued foreign fund outflows will keep Indian rupee subdued during the upcoming week, experts have opined. Besides, high YoY trade deficit along with new US tapering measures will hamper … read more
New Delhi (IANS) The Indian equity indices — S&P BSE Sensex and NSE Nifty50 — settled lower on Wednesday. Notably, this was the fourth consecutive day decline in the benchmark indices. Lately, Indian equities have witnessed a continued sell-off by overseas … read more
New Delhi (IANS) The Reserve Bank of India on Tuesday introduced the prompt corrective action (PCA) framework for non-banking financial companies (NBFCs), and it will come into effect from October 1, 2022, based on the financial position of NBFCs on or … read more
New Delhi (IANS) Cost pressure, led by rise in commodity prices, is expected to take India’s current account deficit during Q2FY22 to 1.3 per cent of the GDP, India Ratings and Research said on Monday. However, a relatively stable services trade … read more
New Delhi (IANS) SpiceJet hopes to introduce drone delivery services soon, said the company’s Chairman and Managing Director Ajay Singh on Saturday. Accordingly, the airline plans to introduce ‘SpiceXpress’ drone delivery service to strategically expand its logistics platform while building a … read more
Mumbai (IANS) Equity-linked mutual fund schemes saw net inflows of over Rs 11,614.73 crore in November, as per the data furnished by the Association of Mutual Funds in India (AMFI) on Thursday. In October, the net inflows had stood over Rs … read more
New Delhi (IANS) Automaker Hyundai Motor India aims to expand its electric mobility plans for the market by 2028. The company will line up six battery-run electric vehicles during the period, it said on Wednesday. “Catering to the diversity of the … read more