Business

"If on account of this overall government borrowing goes up, yields on government bonds also get impacted. Thereafter, it can also lead to crowding of the private borrowers as higher government borrowing can lead to increasing cost of borrowing for others...

The Reserve Bank of India kept its repo rate at 6.25 percent for a third consecutive policy meeting on Thursday as it continues to guard against any potential flare-up in inflation and an uncertain global economic environment.

Union Minister of State for Finance Arjum Ram Meghwal on Sunday expressed confidence that the historic tax reform Goods and Services Tax (GST) will roll out from July 1.

The State Bank of India (SBI), the country's largest lender, started functioning as unified entity from Saturday post merger of its five associate banks, besides Bharatiya Mahila Bank.

The government has lowered interest rates on small saving schemes like PPF, Kisan Vikas Patra and Sukanya Samriddhi scheme by 0.1 per cent for the April-June quarter, a move that would prompt banks to cut their deposit rates.

The Goods and Services Tax (GST) - the biggest tax reform since independence - is set to be debated for seven hours without a lunch break in Lok Sabha on Wednesday.

The rupee advanced 9 paise against the dollar to breach the 65 level at 64.95 -- a fresh 17-month high -- in early session on Wednesday on increased liquidation of the American currency by exporters and banks.

Karthikraj Lakshmanan, Senior Fund Manager - Equities, BNP Paribas Mutual Fund said, "After four consecutive days of negative sentiment, stock markets in India traded with some strength today. Benchmark indices opened the day in the green and traded in th...

The rupee weakened by 8 paise to 65.44 against the US dollar in early trade today at the Interbank Foreign Exchange due to appreciation of the American currency overseas.

Three years after it was formed, the government has approved merger of the Bharatiya Mahila Bank with the country's largest lender SBI to ensure greater banking outreach to women.

The government is weighing the option of permitting overseas retailers to open stores for selling 'Made in India' products only as it looks to relax the norms for multi-brand retail for attracting more funds and generating more jobs.

In its interim appeal, Airtel had sought a stay on Trai's approval to Jio to continue with the free services. It had also sought a direction to the regulator to produce all the records related to its decision.

The rupee rose by another 47 paise to hit a new 16-month high at 65.22 against the dollar in early trade on Thursday at the Interbank Foreign Exchange on sustained foreign fund inflows and increased selling of the US currency by exporters and banks.

Agriculture, which has seen consecutive droughts in the last four cropping seasons, is estimated to grow by just 1.5%. The industry is expected to grow at just 2.2%, compared to 4.9% the previous fiscal.

The Indian rupee rose in non-deliverable forwards trading on Monday, after Prime Minister Narendra Modi's party won a landslide victory in an important battleground state.

"It also highlights a renewed focus on risk and compliance after HSBC recently got itself in hot water with regulators. The strategy now is all about stability and predictability."