CBI issues lookout notice against Chanda Kochhar

New Delhi:The CBI has issued lookout notices against former ICICI Bank CEO Chanda Kochhar, her husband Deepak and MD of the Videocon Group Venugopal Dhoot, officials said here Friday. The move was taken nearly a week after a case was registered against Chanda Kocchar, Deepak and Dhoot, they said. The move is to ensure that […]

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Budget 2019 : Parliament passes Interim Budget 2019-20

New Delhi : Parliament Wednesday approved Modi Government’s sixth and final Budget that gave Income Tax rebate to those earning up to Rs 5 lakh, an annual cash dole of Rs 6,000 to small farmers and pension for unorganised sector workers. While the Lok Sabha has passed the Appropriation Bills that gave Government authorisation of […]

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In Opening Trade: Rupee gains 26 paise against US dollar

New Delhi :The rupee appreciated by another 26 paise to 70.44 against the US dollar in opening trade Wednesday after retail inflation fell to a 19-month low of 2.05 per cent in January. The weakness in the dollar against some currencies overseas as investors shifted their focus to riskier asset amid the US-China trade truce […]

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International Monetary Fund chief warns of high Arab public debt

New Delhi : Public debt has rapidly increased in many Arab countries since the 2008 global financial crisis, due to persistently high budget deficits, the International Monetary Fund warned Saturday. “Unfortunately, the region has yet to fully recover from the global financial crisis and other big economic dislocations over the past decade,” IMF Managing Director […]

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RBI raises collateral – free farm loan limit to Rs 1.6 lakh

New Delhi :The Reserve Bank of India (RBI) Thursday raised the limit of collateral-free agricultural loans to Rs 1.6 lakh from the current Rs 1 lakh with a view to help small and marginal farmers. The central bank also decided to set up an internal working group (IWG) to review agricultural credit and arrive at […]

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Amitabh Kant said – ‘ Urbanisation to be big driver of Indian economic growth ‘

New Delhi : Urbanisation will be a big driver of economic growth in India going forward, supported by favourable macroeconomic factors, accelerated infrastructure building and continuing reforms, NITI Aayog CEO Amitabh Kant said Wednesday. Speaking here at an event on sidelines of the World Economic Forum Annual Meeting, he also said the Indian economy may […]

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Again Rupee Rises 14 Paise Against US dollar in Early Trade

New Delhi :The rupee on Thursday appreciated by 14 paise to 70.32 against the US dollar in early trade amid weakness in the American currency on uncertainty over Federal Reserve rate hikes following the release of Fed meet minutes. Forex traders said the weakness in the US dollar against other currencies overseas, falling crude oil […]

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Chief financial officer of Huawei arrested in Canada

NEW DELHI: The chief financial officer of China’s global telecommunications giant Huawei has been arrested in Canada and faces extradition to the United States on suspicion she violated U.S. trade sanctions against Iran. Meng Wanzhou, also known as Sabrina Meng and Cathy Meng, was apprehended in Vancouver on December 1, according to Canadian Justice Department spokesman Ian […]

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WhatsApp chief writes to RBI to expand payment services to all users in India

NEW DELHI: WhatsApp Chief has written to the Reserve Bank of India (RBI), seeking a formal nod to expand payments services to all its 200 million users in India. The development comes at a time when competitors such as Google have forged ahead with their payments offerings. The letter, dated November 5, mentions that WhatsApp’s partner banks have […]

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‘Please take it’ Vijay Mallya ‘offers to repay 100%’ to banks

NEW DELHI: Beleaguered liquor baron Vijay Mallya  who is being investigated for fraud and money-laundering, appealed to various Indian banks to accept  the full amount of the principal loan he owed various banks and slammed the Indian media for repeatedly calling him a defaulter. In a series of tweets, the businessman asserted that the loan amount was used in recovering […]

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