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Categories for Business

  • FPI inflows stood at Rs 62,782 crorefor November 2020

    December 2, 2020 1:30 pm Published by

    COVID-19 has drastically affected the investment climate in all economies of the world, causing a sharp decline in the demand and supply equilibrium everywhere. India has been no exception to this unprecedented economic shock. Yet, investment sentiment in the Indian... View Article

  • NTPC Ltd. enters into foreign currency loan agreement with Japanese Government

    October 29, 2020 12:38 pm Published by

    In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)’s GREEN or Global Action for Reconciling Economic growth and Environment preservation initiative, India’s largest power producer today entered into foreign currency loan agreement with Japanese Government’s... View Article

  • SBI reduces interest rates

    May 29, 2020 11:23 am Published by

    The country’s largest lender State Bank of India (SBI) has reduced interest rates on retail term deposits by up to 40 basis points (bps) across all tenors. This is the second reduction in fixed deposits interest rates by the lender... View Article

  • SBI hikes Home loan rates

    May 8, 2020 7:03 pm Published by

    The country’s largest lender SBI has increased its home loan rates that arelinked to repo rate by up to 30 basis points amid market indications ofincreased credit risk for borrowers and realty firms in the wake of coronaviruspandemic. According to... View Article

  • For the first time, Chemicals, Petrochemicals industry becomes top exporting sector! 

    April 27, 2020 5:28 pm Published by

    India’s chemical exports rose by 7 per cent to 2.68 lakh crore rupees during April-January period of the last fiscal, and became the top exporting sector in the country for the first time. Union Minister of Chemicals and Fertilizers DV... View Article

  • Foreign exchange reserves surge by over 3 billion dollars

    April 25, 2020 10:26 am Published by

    Amid covid19, Country’s foreign exchange reserves surged by USD 3.09 billion to USD 479.57 billion in the week to April 17 due to an increase in foreign currency assets. According to the latest data from the Reserve Bank of India, in... View Article

  • RBI asks banks to provide short-term crop loans to farmers

    April 22, 2020 12:18 pm Published by

    The Reserve Bank of India has asked banks to extend the benefit of interest subvention (IS) and prompt repayment incentive (PRI) for short-term crop loans to farmers till 31st May, 2020. In a notification, RBI said, it has observed that... View Article

  • Yes Bank reports Rs 18,564 crore loss for Q4, 2019

    March 16, 2020 11:13 am Published by

    YES Bank has reported a staggering Rs 18,654-crore loss for the December quarter due to higher recognition of dead assets on the books, and an erosion of capital buffers to the brink. The gross non-performing assets shot-up to Rs 40,709... View Article

  • ED raids Mumbai residence of Yes Bank founder Rana Kapoor

    March 7, 2020 11:38 am Published by

    Enforcement Directorate (ED) has raided the Mumbai residence of Yes Bank founder Rana Kapoor in connection with a money-laundering probe against him and others. Official sources said, Kapoor is being questioned at his home by the ED team. The raid is... View Article