Unless RBI temporarily relaxes the norms on recognising of bad loans, the pressure on this front could rise in the December quarter.
The operating profit growth rate of mobile service providers is expected to double in next two years buoyed by increase in call rates and clarity in policy, credit rating agency CRISIL has said.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
MCLR-linked loans are more responsive to RBI's rate movements, and rate cuts may be transmitted to borrowers in a manner useful to them.
Protests were held in many cities across the country. So far, no one has been arrested for the attack on students and teachers at JNU even as clamour for resignation of the V-C grew.
Because from June 1, 2015, you will have to fork out 14 per cent service tax instead of 12.36 per cent
India's domestic aviation market has clocked a growth rate of 22 per cent in the last one year.
For the world's women cricketers, financial parity with their male counterparts remains a distant dream but India's decision to boost the pay packets of its top female players is further evidence that the winds of change are blowing through the game.
Besides making property more expensive, these also affect the existing owners with higher taxes
'I never do anything half-hearted.' 'So, if I've taken the plunge in politics I'm in it for good, for the long run and I will definitely do a world of good.'
Petrol prices on Thursday crossed Rs 73 a litre mark, the highest level since the BJP government came to power in 2014, while diesel touched a record high of Rs 64.11 a litre.
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In the first official visit by a United States vice-president to India in three decades, Joe Biden arrived in India on Monday on a four-day tour aimed at boosting ties in key areas of trade, energy, defence and security. The US vice-president will hold meetings with top Indian leadership, including President Pranab Mukherjee and Prime Minister Manmohan Singh, on Tuesday before flying out to Mumbai in the night.
After every corporate announcement, check your demat and bank accounts for necessary credits.
Globally, the viability of on-demand businesses is being questioned
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
'Reduce the perks and privileges of MPs, but let there be no reduction in the money spent on the education of martyrs' children,' says former BJP MP Tarun Vijay.
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
Metal shares were the top gainers with Hindalco up over 5%.
If the Indian Railways thinks it can get away with this sassy attitude, it is because it is, in a sense, a monopolist in the business of transporting people. The distances one has to cover, say from Thane or Virar to Mumbai is impossible by road provides railways the arrogance, says Mahesh Vijapurkar.
Indian roads are far more unsafe than its railways. A sense of urgency is required to tackle India's embarrassing record on road safety.
We need to question ourselves if we are to be implicated as well in the institutional murder of Rohith and many other Rohiths, if not bodily but in spirit, because of our complicity in naturalising this elitist, exclusionary, discriminatory-to-the-core conception of education, says Kishalaya Mukhopadhyay.
The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions.
India has been ranked at 142 among 189 countries in the latest World Bank's "Ease of Doing Business" report, a drop by two places from the last year's ranking.
Not many people in Bangladesh are talking about the Teesta issue.
The cost of food has constantly been on the rise.
One of Australia's finest ever captain Ian Chappell never ever believed that a professional cricket team needs a specialist coach. "An international 'coach' is something the Australian team travels in around England," is one of Chappell's iconic pun-intended quote on what he exactly thought about cricket coaches. Back in India though, coaching senior teams - from international to IPL is a well-paid job, not discounting the glamour which is associated with it. But reality bites when one climbs down -- just a notch below at the first-class level where it's not always a bed of roses for all those plying their trade.
Reduce frill expenses, monetise your assets and invest in professional development to negotiate the choppy phase.
Common people expect the government to be aggressive and opt for growth related measures in the upcoming Budget.
A glance back at some important events that occurred in 2018.
Flaring of tempers comes atop much simmering trouble on clashing views; these stands might now get frozen.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
It was expected to be a friendly Bill for the IT outsourcing industry
Angel di Maria's move from Real Madrid to Old Trafford was such a disaster that Manchester United was more than willing to incur losses of more than 15 million pounds on their investment. Bikash Mohapatra/Rediff.com looks at the Argentina star's nightmare year at the 'Theatre of Dreams'.
'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'
