Business

In the monetary policy review earlier this month, the RBI had said it will introduce these kind of PPIs in order to promote small value digital transactions.

Having found no lapses in operations or financial management, the bank (Punjab National Bank) has referred the matter to the CBI as part of the process followed by them, Khattar added.

Economics is a social science, and these 2019 trends offered insight into the underlying forces that drove the year.

In the OMO purchase of 6.45 per cent GS 2029, which is benchmark security, the RBI received Rs 20,826 crore worth of bids from the participants but accepted Rs 10,000 crore of bids.

India Ratings and Icra downgraded the bank's ratings on uncertainty regarding the lender's fund raising plans.

After rallying to its lifetime intra-day high of 41,719.29, the 30-share BSE Sensex settled 115.35 points, or 0.28 per cent, higher at its fresh closing record of 41,673.92.

A window of four weeks has been allowed by the NCLAT on the reinstatement of Cyrus Mistry which means Tata Sons can appeal before the Supreme Court within this time frame.

Setting aside a lower court order, the National Company Law Appellate Tribunal (NCLAT) also quashed the conversion of Tata Sons into a private company from a public firm.

Tata Motors was the top gainer in the Sensex pack rising up to 1.86 per cent, followed by Tata Steel, Tech Mahindra, M&M, TCS, Vedanta and Infosys.

High net worth individual (HNI) and retail categories are oversubscribed by 4.18 times and 3.04 times, respectively, of the base issue.

At this stage of the proceedings, the evidence of the personnel of RCom who were dealing with the personnel of the Chinese banks could not be placed, which led to certain doubts being expressed in the judgement on account of the evidence being incomplete...

Earlier, the deadline for making advance tax payments was Sunday, December 15.

In the week ended 13 December, the S&P Sensex rose 564.56 points, or 1.4% to end at 41,009.71, while the Nifty 50 jumped 166.20 points, or 1.38%, to 12,086.70.

Chief Economic Advisor (CEA) Krishnamurthy Subramanian said that a total of Rs 4.47 lakh crore has been sanctioned towards non-banking financial companies (NBFC) and housing finance companies (HFC) to support retail lending.

Dealers in India offered a discount of up to $2 an ounce on official domestic prices, compared to a premium of $1 last week. Domestic prices include 12.5% import tax and 3% sales tax.

National Anti-Profiteering Authority (NAA) which has been set up to examine complaints of not passing benefits to consumer under the GST, rejected Nestle India's claims that it has passed on benefits of Rs 192 crore by reducing maximum retail price.