News for 'Union Bank of India and Central Bank of India'

Firming food prices may prompt RBI to maintain status quo

Firming food prices may prompt RBI to maintain status quo

Rediff.com5 Apr 2015

The Reserve Bank is unlikely to lower the interest rates.

10 laws that changed how India does business

10 laws that changed how India does business

Rediff.com6 Jan 2020

Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.

India's GDP to expand at 7.5% in 2017-18: Jaitley

India's GDP to expand at 7.5% in 2017-18: Jaitley

Rediff.com22 Apr 2017

India's growth, he said, remains resilient with low inflation, fiscal prudence and low current account deficit, talking about robust structural reform measures.

India likely to get a booster on crude oil and trade fronts

India likely to get a booster on crude oil and trade fronts

Rediff.com15 Jul 2015

With Iran reaching an agreement on its nuclear programme, India is expected to be one of the major gainers.

RBI hikes agri loans limit, expects 7.4% GDP growth in FY20

RBI hikes agri loans limit, expects 7.4% GDP growth in FY20

Rediff.com7 Feb 2019

Here are the key decisions announced by the Reserve Bank of India on Thursday.

Rajan keeps policy rate unchanged on fears of food inflation

Rajan keeps policy rate unchanged on fears of food inflation

Rediff.com7 Apr 2015

The Reserve Bank of India kept interest rates on hold at 7.50 per cent.

RBI to discuss issuance of sovereign bonds with govt: Das

RBI to discuss issuance of sovereign bonds with govt: Das

Rediff.com8 Jul 2019

Expressing his satisfaction over the government's move to slash fiscal deficit target, Das said it will help improve investment by the private sector as crowding out impact will be less.

Ex-finance secy booked for corruption in currency security thread supply

Ex-finance secy booked for corruption in currency security thread supply

Rediff.com12 Jan 2023

The CBI, in its FIR, alleged that Mayaram, the UK-based company De La Rue International Ltd and unidentified officials of the finance ministry and RBI hatched a criminal conspiracy to extend undue favour to the firm.

Cheaper crude only silver lining for country, say analysts

Cheaper crude only silver lining for country, say analysts

Rediff.com24 Jun 2016

India Ratings principal economist Sunil Kumar Sinha said the Brexit is a mixed bag for the country.

CBI asks Interpol to restore Red Notice against Mehul Choksi

CBI asks Interpol to restore Red Notice against Mehul Choksi

Rediff.com22 Mar 2023

Based on repeated appeals from Choksi, who is wanted in the Rs 13,000 crore bank fraud in Punjab National Bank and is holed in Antigua and Barbuda after fleeing from India in 2018, the CCF removed his name from the Red Notice list in November 2022, the CBI said in a statement.

Indian firms can invest in listed cos abroad: RBI

Indian firms can invest in listed cos abroad: RBI

Rediff.com15 Jan 2003

Indian firms can invest in listed cos abroad: RBI

Act against corrupt, however powerful, without fear, Modi tells CBI

Act against corrupt, however powerful, without fear, Modi tells CBI

Rediff.com3 Apr 2023

There is no dearth of political will today to act against corruption and officers should take action against the corrupt, however powerful, without any hesitation, Prime Minister Narendra Modi said on Monday.

Economic activity remains weak: RBI

Economic activity remains weak: RBI

Rediff.com20 Feb 2020

India's economic growth is estimated to have slowed down to 11-year low of 5 per cent during the current financial year ending March 2020.

Govt vs RBI: Why new rules could lead to more controversies

Govt vs RBI: Why new rules could lead to more controversies

Rediff.com20 Jun 2016

The final and most significant reset in the relations between the government and the RBI is the manner in which the process of appointing the governor and deputy governors of the central bank has been changed.

Govt sets up Delhi HC judge-led tribunal to look into PFI ban

Govt sets up Delhi HC judge-led tribunal to look into PFI ban

Rediff.com7 Oct 2022

The Union home ministry issued a notification, announcing the formation of the tribunal.

Saradha scam: CBI searches former Union Minister's residence

Saradha scam: CBI searches former Union Minister's residence

Rediff.com14 Aug 2014

There are four first information reports against Saradha Group in which it is alleged that thousands of investors were allegedly duped by the company officials and their associates who swindled their deposits.

No plans to cut repo rate now: RBI

No plans to cut repo rate now: RBI

Rediff.com16 Jun 2003

The central bank deputy chief said on Monday that the monetary authorities were unlikely to lower the repo rate from the current five per cent for quite some time.\n\n\n\n

Govt to procure 200K-tonne onions amid farmer protest

Govt to procure 200K-tonne onions amid farmer protest

Rediff.com23 Aug 2023

Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).

Mallya's loan default case: CBI seeks help of four nations

Mallya's loan default case: CBI seeks help of four nations

Rediff.com17 Mar 2016

Officials of 17 banks which gave loan to Kingfisher Airlines and UB Group are also under the agency's scanner

Not just Mallya, government agency too a wilful defaulter

Not just Mallya, government agency too a wilful defaulter

Rediff.com10 Mar 2016

The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.

As prices hit 7-year-high, Indians sell record amount of old gold

As prices hit 7-year-high, Indians sell record amount of old gold

Rediff.com2 Aug 2019

Consumers during the quarter sold 37.9 tonnes of old gold, which is the highest quarterly sale after September 2016, when old gold sale, or scrap supply, was 39 tonnes.

The Greece Crisis and its lessons for India

The Greece Crisis and its lessons for India

Rediff.com3 Jul 2015

'India cannot expect to be insulated from the crisis. Europe is India's biggest trading partner with two-way trade of E72.5 billion or Rs 530,000 crore last year,' says Paranjoy Guha Thakurta.

Infiltrators marrying tribal women to grab land: Shah in Jharkhand

Infiltrators marrying tribal women to grab land: Shah in Jharkhand

Rediff.com7 Jan 2023

Vote bank politics cannot be above protecting the sanctity of girls and women, he said virtually launching the campaign for the 2024 Lok Sabha election at Chaibasa, about 150 km from in Chaibasa.

Stocks You Must AVOID or EXIT

Stocks You Must AVOID or EXIT

Rediff.com26 Apr 2022

Ajit Mishra, vice president, Research, Religare Broking, answers your queries.

Budget 2023-24: T V Somanathan to Ajay Seth, meet the FM's crack squad

Budget 2023-24: T V Somanathan to Ajay Seth, meet the FM's crack squad

Rediff.com27 Jan 2023

Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.

Markets surge on rate cut hopes; Sensex zooms 400 points

Markets surge on rate cut hopes; Sensex zooms 400 points

Rediff.com31 Jul 2015

The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.

India is in a financial mess

India is in a financial mess

Rediff.com19 Aug 2020

'In a serious fiscal situation like this, an ostrich-like focus on annual budgeting, event management and defensive rhetoric will only make matters worse,' warns Rathin Roy.

A tightrope walk for next RBI governor

A tightrope walk for next RBI governor

Rediff.com4 Jul 2016

Managing Brexit, inflation and banking reforms, along with the political environment, will be tough.

Markets decline on caution ahead of the Union Budget

Markets decline on caution ahead of the Union Budget

Rediff.com9 Jul 2014

The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.

Naidu's Arrest: Will TDP Implode?

Naidu's Arrest: Will TDP Implode?

Rediff.com27 Sep 2023

Is Chandrababu Naidu being in jail an opportunity? How will the TDP capitalise on it? Or will it implode with nothing more than a sigh?

G-20 acknowledges India's concerns on currency volatility

G-20 acknowledges India's concerns on currency volatility

Rediff.com6 Sep 2013

Taking on board India's concerns, the G-20 Summit on Friday acknowledged that excess volatility of financial flows and disorderly movements in exchange rates can affect economic and financial stability of emerging markets and called for sound policies to address it.

Govt, BJP to counter anti-demonetisation campaign

Govt, BJP to counter anti-demonetisation campaign

Rediff.com12 Nov 2016

Finance Minister Arun Jaitley witll spearhead the campaign with BJP President Amit Shah as its chief strategist.

Fake currency, black money like Jarasandha: Govt to SC on note ban

Fake currency, black money like Jarasandha: Govt to SC on note ban

Rediff.com5 Dec 2022

The Constitution bench is hearing a batch of 58 petitions challenging the demonetisation exercise.

All You Want To Know About Digital Rupee

All You Want To Know About Digital Rupee

Rediff.com4 Feb 2022

'The government will carefully regulate and monitor the Digital Rupee, and because the currency is supposed to be tied to INR or supported by reserves, we should expect little fluctuation in pricing.'

Markets make handsome gains on RBI's stance, global cues

Markets make handsome gains on RBI's stance, global cues

Rediff.com7 Jun 2016

ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.

NBFC cash crunch worsens

NBFC cash crunch worsens

Rediff.com21 Jun 2019

NBFCs are mainly dependent on funding their operation from their own cash flows.

Time to create mother of all mutual funds

Time to create mother of all mutual funds

Rediff.com7 Dec 2017

The time is ripe for a merger of eight fund houses indirectly owned and controlled by the central government, says N Sundaresha Subramanian.

Gold seen as best bet abroad for now

Gold seen as best bet abroad for now

Rediff.com28 Jun 2016

Gold is seen as a preferred asset for all types of investors, even central banks.

Interim COO at RBI not possible: FinMin

Interim COO at RBI not possible: FinMin

Rediff.com21 Aug 2014

The central bank said its board of directors had approved the broad contours of the proposals.

2018: Year of reckoning for India Inc

2018: Year of reckoning for India Inc

Rediff.com28 Dec 2018

A glance back at some of the important ups and down Indian Inc faced in 2018.