finance

IDBI Bank board approves setting off accumulated losses against securities premium account

The Board of Directors of the IDBI Bank has approved a proposal of setting off its accumulated losses by April 1, 2021 in full or partially by using…

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RBI tightens rules for new investors who operate from jurisdictions not in compliance with the FATF

The Reserve Bank of India has said that new investors who operate from jurisdictions not in compliance with the Financial Action Task Force (FATF)…

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SC upholds e-voting process for assent of three lakh unit holders on winding up of Franklin Templeton (FT)’s six mutual fund debt schemes

On the winding up of Franklin Templeton (FT)’s six mutual fund debt schemes, the Supreme Court has upheld the e-voting process for the assent of three…

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Govt. agrees to 15th Finance Commission’s recommendations for a non-lapsable defence fund

Finance Minister Nirmala Sitharaman has said that the government has agreed to the 15th Finance Commission’s recommendations for a non-lapsable defence…

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Rs 30,000 crore will go to states to improve APMC infra: FM

Finance minister Nirmala Sitharaman has clarified that the Union Budget proposal of collecting Rs 30,000 crore through Agriculture Infrastructure and…

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International Bullion Exchange to come up this year in India

The country's first international bullion exchange is likely to come up this year with a single consortium of market infrastructure intermediaries…

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Industrial output recovers minimally while retail inflation is at 16-month low

With industrial output posting a mild expansion in December and the retail price inflation rate declining to a 16-month low in January, the growth-inflation…

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India’s internet economy set to attract massive investments this year

With several players such as food-delivery startup Zomato, courier service provider Delhivery, Walmart-owned Flipkart and e-tailer Nykaa expected to…

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