Asia’s richest banker wants more
Uday Kotak, MD of Kotak Mahindra Bank was asked to meet a year-end deadline to reduce his personal stake in…
US Federal Reserve backs cautious approach
Jerome Powell bats for a gradual rise in interest rates. The Federal Reserve System (also known as the Federal Reserve…
India oils African exports
New Delhi imported record quantities of oil from West Africa in August, driving up exports to pre-2015 levels. Africa is…
RBI appoints new directors
The Indian government has appointed Swaminathan Gurumurthy and Satish Kashinath Marathe as part-time non-official directors on the Reserve Bank of…
RBI’s repo hike
RBI’s Monetary Policy Committee has raised the repo rate from 6.25% to 6.5% on 1st August. The hike was made…
New data privacy law for India
All critical personal data on people in India should be processed within the country, Justice Srikrishna panel said on Friday.…
Indian Banks to Tackle Bad Loans
Over 20 Indian banks and financial institutions, including SBI and PNB, signed an inter-creditor agreement (ICA) aimed at faster resolution…
India’s Retail Inflation at Five Month High
India’s annual retail inflation accelerated to a five-month high in June, alongside a weak currency and rising oil prices. Experts…
MNCs urge Maharashtra to soften plastic ban
Multinational companies in India are petitioning for a relaxation on the ban imposed by the Maharashtra state government against single…
RBI increases repo rate
For the first time since 2014, the Reserve Bank of India has hiked key lending rate or repo rate by…