There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
POSCO officials have said it was unlikely to build the plant without assured supply of iron ore.
The RBI is considering permitting FII and commercial banks to trade on Indian commodity exchanges.
'Every few days, I wake up with a sense of restlessness that time is running out'... 'We have created a due process for stressed assets to resolve, but there is no concrete plan in place for public sector bank balance sheets,' says RBI Deputy Governor Viral Acharya.
Regulated electronic platforms such as e-spot markets or spot exchanges may be deemed as authorised markets.
'His (Das) approach to work seems that of working as a team with ease in communication.'
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
The Sebi Act deals with securities and the definition of securities, according to the Securities Contracts Act, doesn't include commodities.
Fitch said the full implications of Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das
The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
SSTL is the second operator after Vodafone that has approached FIPB for raising FDI limit.
Close to 9 lakh registered companies are not filing annual returns with the ministry of corporate affairs and are a potential source of money laundering, Revenue Secretary Hasmukh Adhia said on Saturday.
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
Sebi on Friday allowed Bangalore Stock Exchange (BgSE) to exit as a bourse from the capital markets.
Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.
Only 11 antibiotics in clinical trials have received qualified infectious disease product status from the US FDA, of which five are Wockhardt's drugs.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
The bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach
BJP hints at implementing Modi's model of minimum government maximum governance in Maharashtra
The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.
Though public shareholding in Jet is already down to the mandated 25 per cent, the regulator wants its promoters to pare their stake further.
"Getting straight to business. PM @narendramodi just concluded a fruitful interaction with top energy sector CEOs at a Roundtable meeting in #Houston. Discussion focussed on working together for energy security and expanding mutual investment opportunities between India & US," MEA Spokesperson Raveesh Kumar said in a tweet.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
'It is absolutely important for us to continue to message to people that they must wear masks, keep physical distancing, as much as is practically possible, at work or at home.'
'Is Trump going to play a mediating role? Can he play a mediating role? It's out of the question.' 'Kashmir is an Indian responsibility.'
Pitching for greater transparency in rule-making and other functions of regulators, Finance Minister Arun Jaitley has asked Sebi to work towards attracting more retail investors to the capital markets.
General, life insurers with 8 & 10 yrs in biz, respectively, may have to list
As all regulators are part of it, individuals don't need to worry about approaching the right authority
BSE proposes two models for making gold trading and investment transparent
The Union Cabinet will soon take a call on setting up Railway Development Authority of India, an independent regulator, which will decide on passenger and freight rates
While Rahul Gandhi led Congress has a pan Indian presence, Naidu described regional leaders, including himself, West Bengal Chief Minister Mamata Banerjee, Stalin and Deve Gowda as strong leaders in their respective states, who are coming together against the BJP.
Against the backdrop of objections by some MPs, Civil Aviation Minister Ajit Singh on Tuesday strongly defended the Rs 2,058 crore (Rs 20.58 billion) Jet-Etihad deal, saying those opposing it were "long on politics and short on facts".
Top businessmen often seek refuge in the animal kingdom to describe their situation
Arson attacks continued on Wednesday and Muslim-owned businesses were targeted by the mobs.
The measures needed for implementing this new system would start rolling in few weeks, the minister added.
Going by its past experience of differences between the central bank and the finance ministry, the government might prefer a person who could bridge this gap.
He said action was akin to holding highway builders responsible for lane violations
