'The rate cut will reduce the stress on customers and help the bank reduce its provisioning bill.'
Seeking to create a global-sized bank, the Cabinet on Wednesday gave the go-ahead to the merger plan of SBI and its five associates, a step aimed at strengthening the banking sector through consolidation of public banks.
States are apprehensive of losing their rights to raise revenue during emergencies.
The excitement around e-commerce is real but the valuations may be a bubble
While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
Finance minister attempts a clean-up job, keeps projected expenditure growth low.
Investors seem to be very keen on investing in startups.
Prime Minister Narendra Modi enjoys a close relationship with Shinzo Abe. For Abe, "a strong India is in the best interest of Japan, and a strong Japan is in the best interest of India."
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
Market participants are now awaiting Thursday's meeting of the European Central Bank
It's also among the top five most valuable Internet companies in India, reports Yuvraj Malik.
The Bengaluru-based firm competes with US rival Uber whose lukewarm IPO last year has contributed to the lag in valuation trend among the unicorns across the Indian start-up ecosystem.
The Bansals losing out operational control of Flipkart comes at a time when global rival Amazon, in which Tiger Global holds a minority stake, is stepping up investment in India in an attempt to overtake the Bengaluru-based e-commerce firm.
This Budget signals a shift from a hand-out to a hand-up economy.
The probe agency found irregularities in loans amounting Rs 3,642 crore sanctioned by Yes Bank to the travel firm.
The government has suffered a loss of Rs 12,488.93 crore (Rs 124.88 billion) due to under-invoicing of gross revenue by six telecom companies including Reliance Communications, Vodafone and Bharti Airtel, the CAG said in a damning report on Friday.
Moody's said implementation challenges, in addition to affecting growth and government revenues, will impact corporates by lowering sales volumes and cash flows.
Raghuram Rajan optimistic about passage of GST
Aptech, Lumax Industries, Vedanta, Indian Bank, Venky's India have appreciated over 200% in a year
The move will help telcos, including Reliance Jio, Vodafone, and Idea Cellular
Deutsche Bank says rising debtor days and low customer advances imply significant net working capital requirement.
SBI might present the first result for the combined entity at the end of the first quarter of 2017-18
The acquisition of Trinethra Super Retail would put the Aditya Birla group ahead of competition, including Reliance, analysts tracking the development said.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
The Indian government will present the annual budget for 2016-17 on February 29.
With all the brouhaha over GST, and (often) a limited understanding of the long-term forces shaping India's logistics sector, companies seem to have omitted factoring in some underlying trends that could shape supply chain excellence, says Neelesh Mundra.
The revived factionalism in the AIADMK, if not curbed now, has the potential to split the party vertically, warns N Sathiya Moorthy.
Firms generated free cash flows in 2013-14, for the first time since the 2008 Lehman crisis
For the March 2017 quarter, Wipro expects revenues from IT services business to be in the range of $1,922 million to $1,941 million.
As their parties are locked in a fierce battle for Bengal, Tathagata and Saugata Roy, siblings who belong to the BJP and the TMC respectively, answer the same questions put to them about the assembly election.
Among other things, the agenda is likely to focus on increasing private investment, employment generation and giving relief to the farm sector
Rising rural distress due to back-to-back droughts have put pressure on FM to spend more on social schemes; no change in tax slabs likely
The immediate revenue loss could worsen the Centre's fiscal deficit, from the budgeted 3.3 per cent of gross domestic product (GDP) to 3.7 per cent of GDP -- a massive 40-basis-point increase. It was stabilised at 3.4 per cent since 2016-17, report Abhishek Waghmare and Dilasha Seth.
The larger virtue of maintaining fiscal credibility should not be unduly diluted by quibbles on the fiscal math, says Sajjid Chinoy.
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The impact the Economic Survey had on the Budget proposals and the influence the Prime Minister wielded on them deserve close attention.
Quelling fears of a takeover by Ola, which is also funded by Uber's major investor SoftBank Group, the US-based cab aggregating giant made it clear that the company was not ceding its position in India, one of its core markets.
Coca Cola is pumping in about $250 million to consolidate its bottling operations in India.
The government kept its nerve in the face of a massive shock. It chose not to resort to a massive fiscal stimulus. It focused instead on providing liquidity support and easing restrictions on movement in stages, observes T T Ram Mohan.
US interest rate normalisation policy is likely to keep global FX markets volatile.
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