Business

RBI imposes fines on Vakrangee, LIC Housing for violating norms

RBI imposes fines on Vakrangee, LIC Housing for violating norms

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1,76,00,000 on Vakrangee Ltd for non-compliance with…
Social media platforms: Govt-appointed appellate panels to be set up in 3 months

Social media platforms: Govt-appointed appellate panels to be set up in 3 months

The government had first talked about constituting GACs in June but had said that if the industry came up with…
Wheat sown in 54,000 hectare, mustard in 18.99 lakh hectare so far: Govt data

Wheat sown in 54,000 hectare, mustard in 18.99 lakh hectare so far: Govt data

Sowing is expected to pick up in the coming weeks once the land gets cleared after harvesting the Kharif crops.Wheat…
RBI policy body set to meet on Nov 3 to explain missing inflation target

RBI policy body set to meet on Nov 3 to explain missing inflation target

With the retail inflation accelerating to 7.41 per cent in September, the RBI has missed maintaining the inflation target of…
IMF cuts Asia’s economic forecasts as China’s slowdown bites

IMF cuts Asia’s economic forecasts as China’s slowdown bites

The IMF cut Asia’s growth forecast to 4.0% this year and 4.3% next year, down 0.9% point and 0.8 point…
Global economy approaching a recession, central banks unchained: Poll

Global economy approaching a recession, central banks unchained: Poll

One bright spot is that most major economies already in a recession or heading into one are starting with relatively…
Govt nudges LIC to tweak product strategy for better investor return

Govt nudges LIC to tweak product strategy for better investor return

The finance ministry in its performance review has been sensitising the LIC management about the steps that could be taken…
Rupee gains 26 paise to 82.62 against U.S. dollar

Rupee gains 26 paise to 82.62 against U.S. dollar

In the previous session on Friday, the rupee slipped 9 paise to close at 82.88 against the dollar.The rupee appreciated…
Internationalisation of rupee has risks but they are unavoidable: RBI deputy governor

Internationalisation of rupee has risks but they are unavoidable: RBI deputy governor

Internationalisation of the rupee is a process that involves increasing use of the local currency in cross-border transactions. It involves…
Reliance to demerge financial services arm Jio Financial Services; list it on stock exchanges

Reliance to demerge financial services arm Jio Financial Services; list it on stock exchanges

In a statement, the firm said Reliance shareholders will be issued one equity share of Jio Financial Services Ltd (JFSL)…
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