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RBI has set up a new Regulations Review Authority

RBI has set up a new Regulations Review Authority

The Reserve Bank of India (RBI) sets up a new Regulations Review Authority (RRA 2.0) for a period of one year to review the regulatory prescriptions internally as well as by seeking suggestions from RBI-regulated entities and other stakeholders on...

IL&FS addresses debt of 43K crore so far; ups recovery estimate to 61K crore

IL&FS addresses debt of 43K crore so far; ups recovery estimate to 61K crore

The new board of Infrastructure Leasing and Financial Services (IL&FS) on Thursday revised their aggregate debt recovery estimate by the group to Rs 61,000 crore, or about 62 per cent of the overall debt of over Rs 99,000 crore as of October...

Citibank to exit Indian consumer banking business as part of its global restructuring plan

Citibank to exit Indian consumer banking business as part of its global restructuring plan

Citibank today said that they will exit the consumer banking businesses in 13 markets including India as part of a restructuring plan to focus only on four wealth centers in Asia. “Citi will focus its Global Consumer Bank presence in Asia...

Govt Raises 1.10 Lakh Crore in Covid-Hit FY21 Against 77,052 Crore in FY20: Fundraising Via Public, Rights Issues Up 42%

Govt Raises 1.10 Lakh Crore in Covid-Hit FY21 Against 77,052 Crore in FY20: Fundraising Via Public, Rights Issues Up 42%

Despite the uncertainty due to the Covid-19 pandemic, fundraising through public equity and debt markets surged in 2020-21, the Finance Ministry said in a statement Wednesday. Funds raised by companies through public and rights issues surged 115...

GE Power to Receive 50 percent Equity Stake in NTPC GE Power Services

GE Power to Receive 50 percent Equity Stake in NTPC GE Power Services

GE Power India's board on Wednesday permitted the attainment of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore. "Board of directors of GE Power India Ltd in its meeting held today i.e., 14 April, 2021 has approved...

RBI to Purchase Bonds worth Rs 25000 crore under G-SAP 1.0

RBI to Purchase Bonds worth Rs 25000 crore under G-SAP 1.0

The Reserve Bank of India (RBI) will purchase bonds worths ₹25,000 on Thursday as part of its security acquisition programme (G-SAP 1.0), under which it will buy bonds worth 1 lakh crore from the secondary market in the three...

Tax Collection Yielding Revenues Higher than Revised Estimation, additional Rs 78, 000 crores revenue in FY21

Tax Collection Yielding Revenues Higher than Revised Estimation, additional Rs 78, 000 crores revenue in FY21

The Centre has appropriated an additional Rs 78,000 crore in net (post-devolution) tax revenue in FY21, with all major tax heads yielding revenues substantially higher than the respective revised estimates (RE) shown in the Budget. According to...

BPCL Joins Hands with Accenture To Remodel Its Sales, Distribution Network

BPCL Joins Hands with Accenture To Remodel Its Sales, Distribution Network

Bharat Petroleum Corp. Ltd. (BPCL) has teamed up with Accenture Plc to transform its sales and distribution network digitally. The IT consulting company will use its capabilities in data, artificial intelligence (AI) and cloud technologies to...

Yes Bank and SBI Cards among top bought large cap stocks for Mutual Funds in March

Yes Bank and SBI Cards among top bought large cap stocks for Mutual Funds in March

As equity linked mutual funds schemes witnessed net inflows for the first time in nine months in March, Yes Bank, SBI Cards and Payment Services, and Havells India Ltd were among the top bought stocks in the large cap by mutual funds last month....

Survey shows 59% firms in India intend to give salary increments in 2021 as economy recovers

Survey shows 59% firms in India intend to give salary increments in 2021 as economy recovers

As the economy moves to a recovery path after a sharp decline last year amid the pandemic, a study has shown that 59 per cent of companies in India are intending to give salary increments to their employees in 2021. According to staffing...

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