RBI has room to cut rates by 125-150 bps in 4-6 quarters

Oct 27 2015

HSBC's Dhiraj Sachdev says real rate of interest in India is pretty high and needs to be narrowed.

RBI has room to cut rates, Govt must take policy decisions

Oct 24 2015

JP Morgan’s Adrian Mowat says investors want GST and Land Acquisition Bills to be passed and the bureaucracy to be efficient and decisions are made.

Goldman's ETF funds to add to RCAM's profits

Oct 23 2015

RCAM will be India’s only AMC which will have unparallel track record of the best active fund management schemes after Goldman India's fund acquisition.

India needs a new FRBM rule: Ajit Ranade

Oct 21 2015

Aditya Birla Group chief economist Ranade expects FRBM in a new avatar with a cyclically adjusted fiscal deficit.

Exclusive - NEMA will improve regulatory regime, says Javadekar

Oct 19 2015

Speaking to Siddharth Zarabi, Environment Minister Prakash Javadekar confided that the government was pushing for a NEMA to improve regulatory regime.

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US dollar ends higher against rupee

Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

Following are the Interbank forex and RBI rates: (In Rs per unit) Unit   Interbank   RBI Reference US Dollar  64.21/22  US Dollar  Rs 63.9097 Pound Sterling  90.34/36  Euro       Rs 80.1683 Euro   80.18/20 Japanese Yen (100) 60.50/52



Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors

Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share


To invest in Zoomcar India, Zoomcar Inc, U.S.

To invest Rs 176 cr in Zoomcar India

Initial investment in Zoomcar India likely to be completed by Feb 20

Additional investment in Zoomcar India expected to be completed by Aug 31

Co’s stake to increase to 16%


RBI inspection had found diversion of funds within group firms

Funds to the tune of Rs 525 cr given to intermediary borrowing cos

Religare Finvest increased corporate loan book against RBI’s directions

RBI has asked for clarity on rollover of fixed deposits with a bank

Findings suggested continued weakness of internal controls

Economic Times Reports


SC Allows Sale Of Fortis Health Shares Pledged With Lenders

SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis

Earlier, SC had restrained financial institutions from selling pledged shares

Business Standard Reports


Granted European GMP certification from Hungarian regulators for Mfg plant at Goa

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