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Delinquencies in LAP portfolio may rise to above 5%: Ind-Ra

The rating agency said the signs of early stress are clearly visible in the LAP business loan pools assessed by it.

05 Oct 2016

Kiran Mazumdar-Shaw
'GM crops have troubled future without scientific discussion': Kiran Mazumdar-Shaw

The Biocon CMD lamented that political compulsions do not support GM crops in India though regulatory system to assess them. 

05 Oct 2016

(File | Reuters)
Market runs into European headwinds, slides 114 points

There is a heightened speculation, after comments from top Fed officials, that a US rate hike is coming before the year-end.

05 Oct 2016

US rate hike talk:Gold slips below Rs 31,000, silver dives too

Silver coins plummeted by Rs 3,000 to Rs 74,000 for buying and Rs 75,000 for selling of 100 pieces. 

05 Oct 2016

Rupee tumbles 16 paise, stronger equities contain fall
 

The benchmark Sensex advanced 143.10 points, or 0.50 per cent, to 28,477.65 in early part of the session.

05 Oct 2016

BSE | Reuters
Markets in the positive region on Wednesday morning

The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

05 Oct 2016

Image used for representational purpose only
Petrol price hiked by Rs. 0.14 /litre, diesel by Rs. 0.10 /litre

The government on Wednesday hiked the price of petrol by Rs. 0.14 per litre (inclusive of state levies) and that of diesel by Rs. 0.10 per litre (inclusive of state levies).

05 Oct 2016

Banks, don't let us down; home and vehicle loans could get cheaper

RBI cuts the rate at which it lends to banks by 0.25 per cent, wants the benefit passed on to customers; home and vehicle loans could get cheaper if banks…

05 Oct 2016

'Rate Cut should be seen as a tactical move to pacify expectations'

he Reserve Bank of India’s Monetary Policy Committee (MPC) in its maiden sitting reduced policy repo rate by 25 bps. The cut came as a resolution…

05 Oct 2016

India
India Inc optimistic, expect further cuts

India Inc is optimistic — at the core of the feeling is the expectation that the interest rate cut will be passed on by banks to the borrower, providing…

05 Oct 2016

Policy makers hail move, say onus now on banks to pass on benefits

Government ministries and officials reacted positively to the rate cut with the Finance Ministry pointing out that the move would inject liquidity in…

05 Oct 2016

India
Monetary Policy Committee puts growth first; cuts repo rate by 25 basis points

Urjit Patel, noted that while some inflation related concerns remain, measures to ease food inflation and a good monsoon have given space for a rate cut.

05 Oct 2016

The Reserve Bank of India (RBI) Governor Urjit Patel speaks during a news conference after the bi-monthly monetary policy review in Mumbai | Reuters
RBI to be firm but pragmatic in tackling banks' non-performing loans

Bad loans at Indian banks have doubled in the past year after a clean-up ordered by the central bank under Patel's predecessor, Raghuram Rajan, last November.

04 Oct 2016

Mallya can return to India on emergency travel document: ED

Mallya's counsel Ajay Bhargava moved a plea seeking exemption from his personal appearance and told the court that his client is living in London.

04 Oct 2016

(File | Reuters)
Sensex surges 120 points after RBI cuts rate by 0.25 per cent

The barometer had gained 415.76 points in the previous two sessions.

04 Oct 2016

Union Minister Arun Jaitley (File |AP)
There were prospects of 'I' being dropped out of BRICS: Jaitley

Jaitley is on a seven-day official visit to Canada and the US and will return to India on October 10.

04 Oct 2016

2016-10-04T090840Z_1_LYNXNPEC930EF_RTROPTP_3_INDIA-MARKETS
MPC debuts with a bang, slashes repo rate by 0.25%

The repo policy rate is now at its lowest since November 2010.

04 Oct 2016

Eyeing growth, Patel sends dovish signals on inflation ahead of RBI policy

The inflation is likely to remain below the RBI’s early 2017 target of five percent for the next 12 months, as per the latest HSBC report.

04 Oct 2016

Indian GDP growth to remain robust at 7.6%: World Bank

According to the World Bank, Indian economic growth remained robust, which is expected to support continued poverty reduction, as in the past.

04 Oct 2016

Reserve Bank of India (RBI) Governor Urjit Patel attends a news conference in Mumbai | Reuters
RBI Governor Urjit Patel and panel face close call on rates

Some analysts urged the RBI to act now as inflation is fallen back within the RBI's 2-6 percent target range.

04 Oct 2016

A money lender counts Indian rupee currency notes at his shop in Ahmedabad. (File Photo | Reuters)
India's end-June external debt at $479.7 billion - RBI

The share of short-term debt residual maturity to India's forex reserves was 55.9 percent at end-June compared with 57.4 percent at end-March.

04 Oct 2016

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