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Four state-owned banks may be approved to raise funds in H1 of FY25 Punjab National Bank eyes FPO, Central Bank of India seeks approval for OFS; move aimed at accelerating lending business and improving public participation

Reserve Bank's decision to freeze Paytm shows faulty understanding Last week, the Reserve Bank of India barred the institution from any further deposit or credit transaction in customer accounts, wallets or cards after Feb. 29

Rupee depreciates 4 paise to 83.02 against US dollar in early trade The rupee depreciated 4 paise to 83.02 against the US dollar in early trade on Monday, tracking a strong American currency and rising crude oil prices in the international market. However, positive cues from the domestic equity markets and inflow of foreign funds supported the Indian currency, forex ...

Govt to review tax on online gaming after March: Revenue Secy Malhotra Online gaming companies including Delta Corp. and Tiger Global-backed Dream11 have seen an increase in demands and notices from tax authorities amid a crackdown on alleged tax evasion

Asian Development Bank appoints Mio Oka as country director for India Asian Development Bank (ADB) on Monday appointed Mio Oka as its country director for India. He will succeed Takeo Konishi who has been promoted as ADB Director General for South Asia at the Manila headquarters. Oka will take charge of steering ADB operations in India and fostering relations with ...

Explained: Paytm fiasco impact on mutual fund investors Among the asset management companies (AMCs) that had exposure to the stock, none exceeded 2% of their equity AUM in any case.

RBI Monetary Policy Committee meet: Check date, time and what to expect RBI MPC: In a poll conducted by Business Standard, all 10 respondents said that the MPC might maintain the status quo for a sixth consecutive time

Bond traders pin hopes on dovish RBI pivot to extend Budget rally Indian bonds have rallied over the past three months, fueled by overseas inflows ahead of global index inclusion starting June

RBI likely to hold rates until mid-year, first cut in Q3 2024: Poll A few weeks ago, RBI chief Shaktikanta Das expressed confidence current monetary policy could bring inflation back to its 4% medium-term target

I-T dept will erase petty tax demands on its own, says CBDT chairman The income tax department will “erase” petty tax demands pending against about 80 lakh taxpayers on its own and issue a “speaking order” explaining the process to be followed, CBDT chairman Nitin Gupta said Friday, a day after the measure was proposed in the interim Budget. Union ...