63 moons technologies, a global leader in futuristic technovation and user-friendly digital financial platforms, on Tuesday said it would back and boost Italy-based Spuma SRL with its next-generation technology capabilities and solutions to create a Digital Market...
About 10 lakh bankers in public and private sector banks are participating in the strike that began today Chennai: A two-day nationwide bank strike called by United Forum of Bank Unions (UFBU) against privatisation of government banks began on Thursday, said...
Mumbai : Fitch Ratings on Friday cut India's GDP growth rate projection for the next financial year to 6.8 per cent, from its previous estimate of 7 per cent, on account of weaker-than-expected growth momentum. The US rating agency said it has also changed outlook on...
New Delhi : Even as the global economy will further weaken in 2019 and 2020, India's economy will grow at 7.3 per cent in both the calendar years as it is less exposed to the global slowdown, Moody's said. "We expect India's economy to grow around 7.3 per cent in both...
New Delhi : The National Company Law Appellate Tribunal (NCLAT) on Monday said the cash-strapped Infrastructure Leasing and Financial Services (IL&FS) and its group companies will not be declared as non-performing assets (NPA) without approval from the appellate...
Hyderabad : Proposing an unemployment allowance of Rs 3,000 per month ahead of elections, Telangana Chief Minister K. Chandrashekhar Rao on Friday presented a Vote-on-Account Budget for 2019-20 that has an estimated expenditure of Rs 1,82,017 crore, an increase...
New Delhi : Insurance regulator IRDAI on Tuesday issued draft guidelines for standard health product by all insurers including general and health insurance businesses. According to the draft issued on the IRDAI website, the minimum basic sum insured under standard...
New Delhi : The Union Cabinet on Tuesday approved the continuation of the Swadesh Darshan Scheme during the extent of 14th Finance Commission - ending in 2020 -and beyond, sanctioning Rs 2,055 crore for 60 projects under the scheme to be completed by December 2019. It...
New Delhi : The RBI decides independently on the quantum of interim dividend to be paid to the Centre and a central bank committee is currently examining the issue, the government said on Monday. Queried on the issue following the customary post-Budget Reserve Bank of...
By Anjana Das, New Delhi : IDBI Bank has sounded out its new owner LIC seeking another tranche of up to Rs 12,000 crore to meet its huge provisioning requirements amid mounting losses. The fresh support is required to cover for non-performing assets (NPAs) in the...
