RBI likely to raise key policy rate by at least 35 bps

Days after the US Fed raised the interest rate, the RBI may go in for its third consecutive policy rate hike by at least 35 basis points to check high retail inflation, experts said. Photograph:......

Why are foreign banks marching out of retail banking?

Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space. Raghu Mohan reports. Illustration: Dominic Xavier/Rediff.com On March 8, Axis Bank......

RIL raises $4 bn in India's largest-ever foreign currency bonds issue

Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an......

Another Anil Ambani firm in big trouble

Reliance Power defaults on interest payment to IDBI and DBS banks. Total outstanding borrowings from banks/financial institutions are Rs 1,194 crore. Reliance Power (RPower) has defaulted on......