Supreme Court is saying that consumers should not be forced to pay higher prices just because it is chemically a new drug unless there is a therapeutic benefit involved.
Top bankers have hailed the contributions of the outgoing Reserve Bank Governor Duvuuri Subbarao saying he did his best during a tenure that was marked by difficult times for the economy.
As India faces increasing dissonance and even hostility from its neighbours, there is increasing recognition that only government efforts are far from adequate. Assertive people-to-people contacts are essential to supplement and even supplant government efforts to normalise some inter-state relations, says Nilova Roy Chaudhury.
Any erosion in the TMC, may benefit the BJP, reports Ishita Ayan Dutt.
Delays in crucial PSU appointments a reflection of poor governance and political vested interests
The Calcutta high court on Wednesday did not allow a Central Bureau of investigation probe into the multi-crore Saradha scam at the present stage and directed that the Special Investigation Team of the state police would continue with its inquiry which would be monitored by the court.
The Amicus Curae in the PILs seeking a Central Bureau of Invstigation's probe into the chit fund scam on Tuesday told the Calcutta high court that there was no need for one at this stage and that the state investigation agency be allowed to continue its investigations.
The removal of the terrorist state tag from official Pakistani entities and allowing Islamabad a free run in negotiations on Afghanistan's future has strained India-US relations, says Nilova Roy Chaudhury
Kingfisher lenders will soon decide on future course of action with regard to the grounded airline as they do not want the company to close down, State Bank of India (SBI) said.
We're inviting you, dear readers, to share pictures of you and your mother.
Even as the Indian benchmarks, the BSE Sensex and Nifty 50, crumbled over three per cent today, experts are optimistic about the Indian economy and believe investors can still make 30 per cent plus returns in 2015
The consortium of 17 banks, led by SBI, has an outstanding of over Rs 7,000 crore (Rs 70 billion) from the carrier but has shares of listed entities like United Spirits as collaterals which should realise Rs 500 crore (Rs 5 billion).
SBI Chairman Pratip Chaudhuri feels a 0.50 per cent interest rate cut is needed.
Bankers said India's structural story from medium to long term was intact and they were optimistic about the future.
A city court restrained the All India Football Federation (AIFF) from preventing Mohun Bagan from participating in the I-League.
The consortium of 17 banks, led by SBI, has an outstanding of over Rs 7,000 crore (Rs 70 billion) from the carrier.
A cut in the CRR will help banks release their funds stuck with the RBI on which they do not get any interest from the regulator.
Four days ahead of RBI's monetary policy review, SBI Chairman Pratip Chaudhuri says a cut of one percentage point in CRR will allow the bank to lower lending rates 20 basis points.
From convincing film-makers to do shows for online, to having a slate with some of the best films and shows, Amazon Prime Video has come a long way since it came to India four years ago.
Voters are gearing up to exercise their franchise and elect new leaders within the next 12 months in all but one (Sri Lanka) of the SAARC nations. India needs to better understand the likely scenarios and challenges and chart a course on how best to deal with the changes, says Nilova Roy Chaudhury
Gold prices have dropped, but still they are above 70 per cent of the peak value.
A Kolkata-based scientist has come up with a concept of a 'solar summer shirt' which will come with with inbuilt solar cells and fans to keep the wearer cool during hot days.
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The rupee had earlier this month touched a life time low of 61.21 to a dollar.
Claims to have the lowest base rate in the market.
On October 5, the Directorate General of Civil Aviation, or DGCA, finally wrote to the troubled Kingfisher Airlines, asking it to show cause why its licence should not be revoked.
The State Bank of India on Friday said Kingfisher lenders have decided to release funds to the debt-ridden airline on "humanitarian grounds" considering that its employees have not been paid for the past seven months.
Zee Group Chairman Subhash Chandra on Monday informed the police that he is prepared to appear before them in connection with the alleged extortion bid by two senior editors of his channel within four days of notice.
State Bank Chairman Pratip Chaudhuri's call last week for abolishing the mandatory cash reserve ratio had attracted a sharp reaction from RBI Deputy Governor K C Chakrabarty. CRR is the amount of deposits that banks park with the RBI as a prudential measure without earning interest on it.
Last year the bank taken everybody by surprise by opting to keep all its branches open on October 2
The SBI chief said the bank was comfortable on the liquidity front.
SBI has over Rs 1,500-crore (Rs 15-billion) of exposure to Kingfisher.
On Saturday, bankers met the KFA management in yet another inconclusive meeting.
Ahead of RBI's monetary policy review, SBI on Monday expressed hope the apex bank will cut interest rates by 0.5 per cent and CRR by up to one per cent to boost sagging growth.
A day after pledging support to the United Progressive Alliance, Samajwadi Party chief Mulayam Singh Yadav on Saturday met Shiromani Akali Dal leader and Punjab Deputy Chief Minister Sukhbir Singh Badal.
After the Karnataka porngate scandal, two Bharatiya Janata Party Members of Legislative Assembly from Gujarat have now come under the scanner for allegedly watching obscene pictures on a tablet during the assembly proceedings in Gandhingar.
Giving its verdict on an appeal by Tata Motors Ltd, a division bench comprising Justices Pinaki Chandra Ghosh and Mrinal Kanti Chaudhury observed that the President's assent had not been taken for the Act and as such it was void and unconstitutional.
Jammu Kashmir Liberation Front chairman Mohammad Yasin Malik has sought to depose before the Special Commission constituted by the Pakistan Supreme Court probing the 'memogate' scandal, after key player Mansoor Ijaz claimed that the separatist leader met a senior Research and Analysis Wing official in Delhi.
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