The proposed IFC disrupts existing regulatory structures.
The 30-share Sensex ended up 292 points at 29,571 and the 50-share Nifty closed up 75 points at 8,910.
At this point of time, the requirement of the economy is obviously more investment, which will create more jobs and increase purchasing power that will sustain a high level of production, says K M Chandrasekhar.
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
While naysayers say the economy is on a downward spiral, optimists point out that India has experienced a shift of gears in the realm of policies, thanks to several initiatives of the Narendra Modi government, says Ashok K Lahiri.
Gautam Adani, promoter of Adani Power Ltd, has a reason to relax, even as the power arm of his group of companies continues to make losses for an eighth straight quarter.
'If you look at the entire protest on April 2, you will find it was not only about the Atrocities Act dilution, but the accumulated anger of the Dalit community against the BJP over the last four years.'
No home food for Karti, medicines allowed only on prescription.
The 55-year-old gangster was taken straight to the CBI headquarters where he was quizzed on Dawood Ibrahim, India's most-wanted terrorist.
It's unfair, isn't it? That good borrowers are not rewarded for their discipline and are forced to subsidise indisciplined borrowers who may pose higher credit risk...
Bankers said fear of loan losses impairing their careers could make officers wary of sanctioning new loan proposals on their own.
The Central Vigilance Committee has sought loan data from United Bank
SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
The Modi government is just continuing old ideas with a new twist -- of interference in matters where the State should not venture, says Mango Indian.
DFS writes to departments that haven't responded to RBI's request for information.
As many as 10 public sector banks could be out of the infusion plan because of Sebi's minimum public shareholding norms.
Maharashtra and West Bengal lead the way in bank fraud.
'Balakot and Pulwama will definitely help the BJP, but it will still not help them to create a 2014 like situation or go beyond that.'
Political funding of elections has led to the rise in black money in the economy.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
The Central Bureau of Investigation on Thursday moved the Delhi High Court seeking cancellation of interim bail granted to former Haryana Chief Minister Om Prakash Chautala in the JBT teachers recruitment scam case, saying he violated bail conditions.
India and South Africa on Friday agreed to deepen engagement in key areas of defence production, manufacturing, mining and minerals and combating terrorism.
Prime Minister Narendra Modi defended Mr Rajan, but it would be debated why he took so long to dub criticisms like those against the RBI governor as improper.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
"Talks are the only option," Mehbooba said. "How long can you have a confrontation?"
Banks in India must have a modern approach, suggests a panel comprising of banking bigwigs.
Deepak Narang, executive director of United Bank of India, speaks on Vijay Mallya's 'wilful defaulter' status.
While the government interlocutor for J&K may be tasked with holding talks with 'all stakeholders', the central government is singing a very different tune in the Supreme Court, Aditi Phadnis points out.
Though the summer is expected to be hotter, global and domestic forecasts point to good rains.
Chidambaram said it was a 'despicable slur' on the six secretaries of the government.
Analysts say the sell-off in risky assets will be temporary and could be a buying opportunity for long-term investors.
A Collection of Services Trade Statistics Act is being thought of.
Chary also says some government officials have played an important role in favouring organisations that MCX competes with.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
'Will Prime Minister Narendra Modi be able to continue political engagement with Pakistan against the inevitable upsurge of negative and hostile public sentiment?'
If the high security notes introduced in 2015 were kept in the system, the pain due to demonetisation can be ameliorated to a certain extent. But unfortunately, such thought process have no place in the hasty demonetisation decision.
It is regrettable that the IB has tried to devalue the expertise available both within the concerned ministry and in the scientific community by its allegations. Governments and NGOs in many western nations have not been accused of being 'anti-national' when they put their foot down on questionable practices by cash rich agri-business companies, says Rashme Sehgal.
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