'Around 15 crore poor people have lost their money.'
Country's largest mutual fund UTI AMC on Friday became a private company with the four sponsors paying Rs 1,236.95 crore (Rs 12.369 billion) to the government.
The provisions in the FRDI bill do not modify current protections for depositors adversely at all, the ministry held, maintaining that these rather provide additional protections in a more transparent manner.
N Ganapathy Subramaniam, chief operating officer (COO), discusses the strategy to concert digital opportunities to larger deals, focus on reskilling own people instead of acquiring a company to get access to skillsets and demand from newer verticals in an interview with Romita Majumdar
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
Higher disposable incomes, rural push and infra push to boost auto sector
Be extra careful while using credit cards because there is a risk of misuse
If investors still have appetite to buy shares in one of the region's most expensive markets, Coal India might stack up.
If we don't want a Hindu version of our neighbour, we must keep open minds -- even when what we hear or see is not what we like.
'We are probably working with flawed data on household finance.'
Cash withdrawal limits likely to continue
State-run National Thermal Power Corporation on Friday said it will borrow Rs 1,000 crore (Rs 10 billion) from Life Insurance Corporation during the fourth quarter of the current fiscal to fund its capital expenditure requirements.
Even as Microsoft has seen exponential growth for its cloud platform Azure in India, the firm has not yet set up local servers.
The Congress on Tuesday termed as rhetoric and hollow on specifics the prime minister's address to the nation, saying there was no mention of a financial package or concrete steps to revive the economy.
But increase in the statutory contribution will boost retirement corpus
The e-commerce marketplace is like an information intermediary these days.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
If new goals have emerged, this is the time to make fresh investments.
From reiterating his commitment to build the border wall to protecting the American way of life from terrorist threats, President Donald Trump outlined his vision for the United States of America
Note ban hits sales and registration of new cars; states work online payments model to deal with cash crunch. Ajay Modi and T E Narasimhan report.
Against National Democratic Alliance's 75 million target, United Progressive Alliance added 61 million in 2013-14.
Sensex falls at close; metals, banks perform well.
At this point, it is crucial to think of solutions that will help flatten the curve and also generate income, says Pratyush Banerjee.
China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
'One way of doing this could be offering credit guarantee to the banks, say 10 per cent, for fresh loans given to micro, small and medium enterprises,' observes Tamal Bandyopadhyay.
At 42, Dizezny D'Souza trained with teenagers at a school ground to get back into running. She won silver and bronze for India in China.
The PM alleged that a 'PC' (percentage commission) culture has become the state government's identity.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
The opposition has attacked the Modi government over the National Democratic Alliance's last full-fledged budget before the 2019 Lok Sabha elections.
Cab aggregators caught between showing profitability to investors, increasing their network and dabbling in areas such as food ordering have seen a major blow to their primary business.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
National reinsurer General Insurance Corporation plans to spread its wings to Dubai, Malaysia and China to increase its presence in Afro-Asia and grow its business, now at over Rs 4,000 crore (Rs 40 billion), its chairman P C Ghosh said in New Delhi
Patients from any part of the country will soon need to travel no more than three hours for treatment of the kind available in large metros.
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
'The Insolvency and Bankruptcy Code is neither beneficial to banks nor helpful for the borrower.' 'Genuine people who are caught in economic stagnation will lose everything and thousands will lose jobs.'
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