EPFO manages a huge corpus of over Rs 6 lakh crore (Rs 6 trillion).
The entry of the deep-pocketed conglomerate is expected to heighten competition.
Most NBFCs will have to slow down their loan growth. Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital. Others may have to knock on the door of their deep-pocketed parents.
Retail investors may burn their fingers investing in them, especially if the markets correct, experts tell Sanjay Kumar Singh
The upbeat earnings from Reliance Industries will set the tone for the truncated week ahead
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
The market players are expected to react to the better than expected factory output data for the month of August, which revealed that the industrial production grew by 6.4%.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
In the capital goods space, Punj Lloyd and KEC International could be in limelight for the expected turnround
Last year, the software giant launched a cloud adoption programme for SMBs.
From PhonePe to Jio, everyone wants to be a Super App but it is still unclear if they will actually work in India.
SBI was the top gainer after it reported lower-than-expected rise in bad loans
SBI comes second and Bharti Airtel is third
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
There will be tripartite pact with member, bank/housing agency and EPFO.
In an apparent bid to offset BJP candidate Pragya Thakur's controversial statement against slain IPS officer Hemant Karkare, Modi heaped praises on Mumbai police.
'The outcome of next year's assembly elections, macroeconomic indicators/corporate earnings growth and global events could keep the markets choppy.'
Repeat business from existing clients is not coming easily and companies are still in the process of building digital capabilities
Sensex rises, Nifty ends at record high; RIL shares rally.
With the July 1 deadline to apply for bank licence fast approaching, aspirants are scrambling to meet the Reserve Bank of India's (RBI) eligibility criteria to apply.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
Roadshows will be held in Singapore, Hong Kong, London, New York and Boston, NTPC gained close to 1%.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
Most public sector banks, flush with deposits now, offer 3-4% interest on savings deposits, while a few private sector banks go up to 6%.
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.
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Cumulatively for the first two quarters till now, the advance tax collections from the Mumbai zone, which contributes over a third of the income tax collections nationally, have grown 11 per cent, the official said.
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
Imported components account for up to 30% of the firm's total production cost.
Whatever the critics may say, the numbers suggest that India continues to be a favourite destination for foreign investors.
Investing in special situations can help you tap opportunities that arise during adverse conditions, advises Joydeep Sen.
The students of Marjory Stoneman Douglas and other United States schools, Tim Cook, India's Indira Jaising and Mukesh Ambani. The names mentioned above have nothing in common... until now. They have all been named as Fortune's World's 50 Greatest Leaders. Here are some of the prominent names mentioned in the list.
Market regulator also announces measures for mutual funds sector.
To attract capital into infrastructure projects, the ratings system needs a fresh look.
Investors from across the globe are keen to invest in Gujarat.
The scrutiny is expected to be over this month itself.
'When you come through the hassles and struggles of business life, your mind is wired differently.' 'You are more connected to reality,' Akali Dal MP Naresh Gujral tells Rahul Jacob and Archis Mohan
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
After 3 weeks of consecutive rally, this week was a breather for the index, which corrected by almost 1.5%.
