Saturday, Sep-23-2017, 2.40PM

ICICI Bank Dips 4%; Market Cap Shrinks by Rs 7,068 Crore Post Q1 Results

Jul-31-2017 | 0 Comments

ICICI Bank Dips 4%; Market Cap Shrinks by Rs 7,068 Crore Post Q1 Results New Delhi: ICICI Bank shares on Friday ended nearly 4 percent lower, wiping out Rs 7,068 crore from its market valuation, after the company's first quarter earnings failed to enthuse investors. The stock slipped 3.60 percent to end at Rs 296 on BSE. During the day, it lost 4.28 percent to Rs 293.90. On... Read Full Story »

No News on Rs 2,000 Note 'Withdrawal', Rs 200 to be Issued Soon: MoS Finance

Jul-31-2017 | 0 Comments

No News on Rs 2,000 Note 'Withdrawal', Rs 200 to be Issued Soon: MoS Finance New Delhi: With rumours of the Centre planning a withdrawal of the newly-introduced Rs 2,000 note doing the rounds, Minister of State for Finance Santosh Kumar Gangwar has said there was no news of its scrapping, adding the Rs 200 note will be in circulation soon. "No news that Rs 2,000 will be scrapped... Read Full Story »

'India Among Top Nations With Potential For Digital Payments'

Jul-31-2017 | 0 Comments

'India Among Top Nations With Potential For Digital Payments' Mumbai: India has emerged strong, exhibiting a high potential in terms of digital payments and has been categorised under the "break out" segment among 60 countries, according to the Digital Evolution Index 2017. The Fletcher School at Tufts University in partnership with Mastercard, unveiled the D... Read Full Story »

Challenge Lies in IBC's Successful Implementation: SC Judge A K Sikri

Jul-31-2017 | 0 Comments

Challenge Lies in IBC's Successful Implementation: SC Judge A K Sikri New Delhi: The Insolvency and Bankruptcy Code is a "wonderful document" in place but the challenge is in successfully implementing it, Supreme Court judge A K Sikri said on Saturday as he mentioned that provision for cross border insolvency is yet to be implemented. Emphasising that the Code is imp... Read Full Story »

Centre Plans to Set up Petrochemical Clusters, Says Dharmendra Pradhan

Jul-31-2017 | 0 Comments

Centre Plans to Set up Petrochemical Clusters, Says Dharmendra Pradhan Gandhinagar: The Centre is planning to set up petrochemical clusters in eastern, western and southern India, to spur growth of the sector amid increasing demand, union minister Dharmendra Pradhan said in Gandhinagar on Saturday. "We plan to set up a number of petrochemical clusters, two each in east and... Read Full Story »

Morgan Stanley Cuts CPI Forecast on Benign GST, Monsoon Impact

Jul-31-2017 | 0 Comments

Morgan Stanley Cuts CPI Forecast on Benign GST, Monsoon Impact New Delhi: Global brokerage firm Morgan Stanley has lowered its inflation forecast for 2017 to 3.1 per cent from 3.6 per cent earlier citing relatively benign outcomes of GST and monsoon. It however said headline inflation troughed in June and the trajectory is still that of a gradual rise in headline inflat... Read Full Story »

RBI Likely to Cut Rate on August 2 as Inflation Hits Record Low

Jul-31-2017 | 0 Comments

RBI Likely to Cut Rate on August 2 as Inflation Hits Record Low New Delhi: With retail inflation receding to record low levels, the Reserve Bank is likely to cut the benchmark lending rate by at least 0.25 per cent in its third bi-monthly monetary policy review on Wednesday, say experts and bankers. Encouraged by significant price improvement, bankers expect RBI, which h... Read Full Story »

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