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    Sensex tanks over 400 points after RBI outcome
    Sensex tanks over 400 points after RBI outcome
    <a href="https://timesofindia.indiatimes.com/business/india-business/sensex-tanks-over-400-points-as-repo-rate-cut-fails-to-impress-markets-nifty-ends-below-11200/articleshow/71439987.cms"></a>Equity indices dropped over 400 points on Friday, after the Reserve Bank of India (RBI) cut interest rate for the fifth time in a row to almost a decade low, with a view to revive economic growth that hit a 6-year low of 5 per cent.
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    Times Of India391 day(s) ago

    Banking system safe, sound: Das on PMC Bank
    Banking system safe, sound: Das on PMC Bank
    <a href="https://timesofindia.indiatimes.com/business/india-business/banking-system-including-cooperatives-safe-sound-shaktikanta-das-on-pmc/articleshow/71438866.cms"></a>Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said the banking system is sound and stable, and one incident at a cooperative bank should not be used to generalise the health of the entire financial system.
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    Times Of India391 day(s) ago

    RBI increases lending limit of MFIs to Rs 1.25L
    RBI increases lending limit of MFIs to Rs 1.25L
    <a href="https://timesofindia.indiatimes.com/business/india-business/rbi-increases-lending-limit-of-microfinance-institutions-to-rs-1-25-lakh/articleshow/71439284.cms"></a>The Reserve Bank of India (RBI) has raised the lending cap for microfinance institutions (MFIs) to Rs 1.25 lakh, against the earlier limit of Rs 1 lakh, to improve credit availability in rural and semi-urban areas.
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    Times Of India391 day(s) ago

    Mittal backs Huawei for its ‘superior’ 5G tech
    Mittal backs Huawei for its ‘superior’ 5G tech
    <a href="https://timesofindia.indiatimes.com/business/india-business/mittal-bats-for-huawei-says-products-superior-to-rivals/articleshow/71423524.cms"></a>
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    Times Of India391 day(s) ago

    PMC Bank: ED raids six locations, slaps money laundering charge
    PMC Bank: ED raids six locations, slaps money laundering charge
    <a href="https://timesofindia.indiatimes.com/business/india-business/pmc-bank-ed-raids-6-locations-slaps-money-laundering-charge/articleshow/71434905.cms"></a>The Enforcement Directorate (ED) on Friday raided six locations in Mumbai and adjoining areas and registered a money-laundering case to probe alleged fraud in the Punjab and Maharashtra Cooperative (PMC) Bank case, officials said.
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    Times Of India391 day(s) ago

    RBI hikes withdrawal limit for PMC Bank customers to Rs 25,000
    RBI hikes withdrawal limit for PMC Bank customers to Rs 25,000
    <a href="https://timesofindia.indiatimes.com/business/india-business/rbi-further-increases-withdrawal-limit-for-pmc-bank-customers-to-rs-25000/articleshow/71428741.cms"></a>The Reserve Bank of India (RBI) on Thursday enhanced the withdrawal limit for depositors of the scam-hit Punjab & Maharashtra Cooperative Bank (PMC Bank) to Rs 25,000 from Rs 10,000 per account over the next six month.
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    Times Of India391 day(s) ago

    India-US trade deal will happen 'pretty quickly': US
    India-US trade deal will happen 'pretty quickly': US
    <a href="https://timesofindia.indiatimes.com/business/india-business/india-us-trade-deal-will-happen-pretty-quickly-says-us/articleshow/71425873.cms"></a>The US on Thursday said that neither Indian nor American government has stated that there will be a trade agreement in 'five minutes' but it does not see any structural reason which might stop both the nations to have a trade agreement "pretty quickly".
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    Times Of India391 day(s) ago

    IRCTC IPO huge hit; subscribed 112 times
    IRCTC IPO huge hit; subscribed 112 times
    <a href="https://timesofindia.indiatimes.com/business/india-business/irctc-ipo-huge-hit-among-investors-subscribed-112-times/articleshow/71427256.cms"></a>The initial public offering (IPO) of Indian Railway Catering and Tourism Corporation (IRCTC) was a huge hit among investors as it got subscribed 111.91 times on the final day of bidding on Thursday. The Rs 645-crore IPO received bids for 225 crore shares against the total issue size of 2 crore scrips, according to the data available with exchanges till 1845 hours.
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    Times Of India391 day(s) ago

    PMO seeks clarity on revival of MTNL, BSNL
    PMO seeks clarity on revival of MTNL, BSNL
    <a href="https://timesofindia.indiatimes.com/business/india-business/pmo-seeks-clarity-from-high-level-panel-on-revival-of-mtnl-bsnl/articleshow/71410069.cms"></a> The Prime Minister Office (PMO) is learnt to have asked a high-level panel, looking into the revival of MTNL and BSNL, to explain if the two telecom PSUs can be turned around and how. The direction has come after the finance ministry raised objections to a proposal moved by the telecom department (DoT) for reviving the two PSUs.
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    Times Of India392 day(s) ago

    INX Media case: P Chidambaram to stay in jail
    INX Media case: P Chidambaram to stay in jail
    <a href="https://timesofindia.indiatimes.com/business/india-business/inx-media-case-chidambaram-to-stay-in-jail-judicial-custody-extended/articleshow/71422566.cms"></a>Former finance minister and senior Congress leader P Chidambaram to remain in jail as the Delhi high court on Thursday extended his judicial custody to October 17 in connection with the INX Media corruption case. He was produced before the high court on expiry of his judicial custody.
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    Times Of India392 day(s) ago

    Many more structural reforms in offing: Kant
    Many more structural reforms in offing: Kant
    <a href="https://timesofindia.indiatimes.com/business/india-business/many-more-structural-reforms-in-offing-to-propel-growth-kant/articleshow/71421640.cms"></a>There will be many more structural reforms by the government in the coming days to push economy to a high growth trajectory, Niti Aayog CEO Amitabh Kant said on Thursday.
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    Times Of India392 day(s) ago

    TV prices dip on entry of online-only brands
    TV prices dip on entry of online-only brands
    <a href="https://timesofindia.indiatimes.com/business/india-business/tv-prices-dip-on-entry-of-online-only-brands/articleshow/71421081.cms"></a>The list of TV brands in India is getting fatter with some estimates putting the number of companies which are vying for the Indian consumer at nearly 100. As older, but well-entrenched, players such as LG, Samsung and Sony try hard to protect market share, new entrants are making inroads, banking on a wider sales reach through esellers, while striking partnerships with internet content players such as Netflix, Amazon, and YouTube.
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    Times Of India392 day(s) ago

    'US negotiating limited trade deal with India'
    'US negotiating limited trade deal with India'
    <a href="https://timesofindia.indiatimes.com/business/india-business/india-protectionist-but-us-negotiating-limited-trade-deal-wilbur-ross/articleshow/71420974.cms"></a>The United States does not believe that India is eligible for the grant of a special trade privilege but is renegotiating its terms after revoking the status earlier this year, US Secretary of Commerce Wilbur Ross told Reuters on Thursday.
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    Times Of India392 day(s) ago

    Yes Bank 'very stable', says CEO; shares rebound
    Yes Bank 'very stable', says CEO; shares rebound
    <a href="https://timesofindia.indiatimes.com/business/india-business/yes-bank-very-stable-says-ceo-ravneet-gill-shares-rebound/articleshow/71418008.cms"></a>The recent drop in Indian lender Yes Bank Ltd's stock price does not reflect the bank's performance and it remains on a solid financial footing, chief executive Ravneet Gill said on a conference call on Thursday.
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    Times Of India392 day(s) ago

    'AdWise': 'I'm stuck at senior mid-level role'
    'AdWise': 'I'm stuck at senior mid-level role'
    <a href="https://timesofindia.indiatimes.com/business/india-business/adwise-workplace-counselling-im-stuck-at-senior-mid-level-how-can-i-get-leadership-role/articleshow/71417411.cms"></a>Are you dealing with a tough boss? Are your colleagues being mean to you? Is your workplace culture hindering your growth? Is there anything that’s bothering you at work, which you’re wary of discussing internally? Talk to us. Our panel of experts will assist you in resolving your workplace related matters. ‘AdWise’ will appear on these pages every Thursday to help you with your workplace matters. Write to us at adwise@timesgroup.com
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    Times Of India392 day(s) ago

    PMC Bank jitter may trigger second round of crisis
    PMC Bank jitter may trigger second round of crisis
    <a href="https://timesofindia.indiatimes.com/business/india-business/pmcb-jitter-may-trigger-2nd-round-of-crisis/articleshow/71415367.cms"></a>The trouble in Punjab and Maharashtra Cooperative Bank, one of the top five in the segment, is threatening to trigger a second round of crisis of confidence in the sector. Many depositors are playing it safe and choosing to spread their investments and several cooperative societies are reviewing their decision to keep a bulk of deposits with cooperative banks.
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    Times Of India392 day(s) ago

    Bot cos are creating many millionaires in India
    Bot cos are creating many millionaires in India
    <a href="https://timesofindia.indiatimes.com/business/india-business/bot-companies-are-creating-many-millionaires-in-india/articleshow/71417560.cms"></a>The numbers of bot millionaires, including in India, are rising rapidly as valuations of robotic process automation (RPA) firms like UiPath and BluePrism soar. These companies have been very liberal in offering stock options to employees. The cycle time for wealth generation is much faster than for traditional IT firms and at par with new age firms like Flipkart.
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    Times Of India392 day(s) ago

    US committee seeks to interview Boeing engineer on safety of 737 MAX
    US committee seeks to interview Boeing engineer on safety of 737 MAX
    <a href="https://timesofindia.indiatimes.com/business/international-business/us-committee-seeks-to-interview-boeing-engineer-on-safety-of-737-max/articleshow/71417238.cms"></a>A US panel has asked Boeing Co to make an engineer available for an interview regarding an internal ethics complaint the engineer filed on the safety of the now-grounded 737 MAX jet.
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    Times Of India392 day(s) ago

    India banned onion exports; now Asia has eye-watering prices
    India banned onion exports; now Asia has eye-watering prices
    <a href="https://timesofindia.indiatimes.com/business/international-business/india-banned-onion-exports-now-asia-has-eye-watering-prices/articleshow/71410165.cms"></a>Since the ban, countries such as Bangladesh have turned to the likes of Myanmar, Egypt, Turkey and China to increase supplies in a bid to bring prices down. There won't be any meaningful drop in prices before summer-sown crops start to hit the market. That's not expected until mid-November, meaning the export ban isn't going away in the near term.
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    Times Of India392 day(s) ago

    Yes Bank says forced stake sale behind stock fall
    Yes Bank says forced stake sale behind stock fall
    <a href="https://timesofindia.indiatimes.com/business/india-business/yes-bank-says-forced-stake-sale-behind-stock-plunge/articleshow/71408390.cms"></a>Private lender Yes Bank Ltd said a forced stake sale by a shareholder led to a steep fall in the company’s stock in the previous session. The company’s shares plunged nearly 23% on Tuesday to its lowest close in over a decade, alongside sharp declines in other private-sector banks, as fraud allegations against a top mortgage lender and a prominent bank spooked investors.
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    Times Of India393 day(s) ago

    RBI may cut rates as fiscal measures fail to cheer
    RBI may cut rates as fiscal measures fail to cheer
    <a href="https://timesofindia.indiatimes.com/business/india-business/rbi-may-cut-rates-again-as-fiscal-measures-fail-to-cheer/articleshow/71408114.cms"></a>The Reserve Bank of India (RBI) is expected to cut benchmark interest rates for the fifth time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing.
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    Times Of India393 day(s) ago

    17,500 DINs on first day of launch
    17,500 DINs on first day of launch
    <a href="https://timesofindia.indiatimes.com/business/india-business/17500-dins-on-first-day-of-launch/articleshow/71405659.cms"></a>
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    Times Of India393 day(s) ago

    23% GST payers can file returns via SMS from Apr
    23% GST payers can file returns via SMS from Apr
    <a href="https://timesofindia.indiatimes.com/business/india-business/23-gst-payers-can-file-returns-via-sms-from-april/articleshow/71401766.cms"></a>One in five GST payer will get away without having to file monthly or quarterly returns from April. Instead of filling up the form online, all that those with ‘Nil’ returns will have to do is to send an SMS to a specified number and confirm it using a one-time password.
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    Times Of India393 day(s) ago

    Floods, auto slowdown: GST mop-up dips 3%
    Floods, auto slowdown: GST mop-up dips 3%
    <a href="https://timesofindia.indiatimes.com/business/india-business/floods-auto-slowdown-gst-mop-up-dips-3/articleshow/71405285.cms"></a>Goods and services tax (GST) collections in September fell 2.7% to Rs 91,916 cr, the lowest monthly mop-up in 19 months, as floods and the auto slowdown took a toll on government revenue. Data released by the finance ministry showed that tax collections in September were the lowest since February 2018 when the kitty was a shade short of Rs 86,000 cr.
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    Times Of India393 day(s) ago

    Bhalla appointed as ED for India on IMF board
    Bhalla appointed as ED for India on IMF board
    <a href="https://timesofindia.indiatimes.com/business/india-business/economist-surjit-s-bhalla-appointed-as-ed-for-india-on-imf-board/articleshow/71405555.cms"></a>Eminent economist Surjit S Bhalla was on Tuesday appointed as the executive director for India on the board of the International Monetary Fund (IMF), an official order said.
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    Times Of India393 day(s) ago

    IndiGo co-founders head to London for arbitration
    IndiGo co-founders head to London for arbitration
    <a href="https://timesofindia.indiatimes.com/business/india-business/indigo-co-founders-head-to-london-for-arbitration/articleshow/71401407.cms"></a>The feud between IndiGo co-founders and promoters — Rahul Bhatia and Rakesh Gangwal — is now headed for arbitration in London. Bhatia and his family-promoted InterGlobe Enterprises (IGE) on Tuesday submitted a request for arbitration to the London Court of International Arbitration.
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    Times Of India393 day(s) ago

    With Rs 2.3L cr, Bajaj Fin more valued than SBI
    With Rs 2.3L cr, Bajaj Fin more valued than SBI
    <a href="https://timesofindia.indiatimes.com/business/india-business/with-rs-2-3l-cr-bajaj-fin-more-valued-than-sbi/articleshow/71401097.cms"></a>It’s a sign of the changing times in the banking and financial services space. Consumer lending major Bajaj Finance, which was valued at a quarter of PSU major SBI three and half years ago, on Tuesday surpassed SBI in terms of market capitalisation.
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    Times Of India393 day(s) ago

    Only 50% of Rs 94,000 crore IL&FS debt to be addressed
    Only 50% of Rs 94,000 crore IL&FS debt to be addressed
    <a href="https://timesofindia.indiatimes.com/business/india-business/only-50-of-rs-94k-cr-ilfs-debt-to-be-addressed/articleshow/71401116.cms"></a>The IL&FS resolution process is expected to address only half of the group’s debt of Rs 94,000 crore, according to Uday Kotak, the government-appointed chairman of the troubled infrastructure and finance group. The government on Tuesday amended banking laws to enable Kotak to be on the IL&FS board for one more year.
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    Times Of India393 day(s) ago

    PMC Bank created over 21,000 fake accounts to hide loans: Report
    PMC Bank created over 21,000 fake accounts to hide loans: Report
    <a href="https://timesofindia.indiatimes.com/business/india-business/pmc-bank-created-over-21000-fake-accounts-to-hide-loans-report/articleshow/71404430.cms"></a>The PMC Bank used more than 21,000 fictitious accounts to hide loans it made, according to a police complaint lodged by officials, in the latest banking fraud case to spook the country’s depositors and investors. The complaint accuses the bank’s management of concealing non-performing assets and disbursing loans leading to a loss of at least Rs 4,355 crore.
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    Times Of India393 day(s) ago

    India, US will fix their trade disputes: S Jaishankar
    India, US will fix their trade disputes: S Jaishankar
    <a href="https://timesofindia.indiatimes.com/business/india-business/india-us-will-fix-their-trade-disputes-s-jaishankar/articleshow/71403228.cms"></a>Trade deals are not simple arithmetic but much more complicated as they involve a number of variables, external affairs minister S Jaishankar has said, exuding confidence that India and US will "find a fix" to their trade disputes with intense engagement going on between the two countries.
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    Times Of India393 day(s) ago