Business and Finance
Ambani told that the debt servicing payments of over Rs 35,000 crore have necessarily had to be made almost entirely from asset monetisation and operational cash flows.
Tuesday, June 11, 2019 - 15:13
The Ministry of Corporate Affairs has sought for both companies to be banned for a period of five years over financial irregularities in IL&FS Financial Services (IFIN).
Tuesday, June 11, 2019 - 14:07
This is being seen as the central government’s move to encourage digital payments and discourage cash usage in the economy and resultant black money.
Monday, June 10, 2019 - 18:57
"While demonetisation gave the necessary fillip, the availability of mobile infrastructure and alternate payment systems ensured that payment systems were not affected when cash was in short supply," said the report.
Saturday, June 8, 2019 - 11:27
A show cause notice was issued to the bank after it failed to comply with RBI’s directions to furnish details of its promoter shareholding.
Saturday, June 8, 2019 - 10:40
According to market observers, investors were also rattled by a downward revision in the country's GDP growth rate to 7 per cent from 7.2 per cent in 2019-20.
Thursday, June 6, 2019 - 17:13
In May, RBI had also announced extension of the time window for RTGS transactions to 6 pm.
Thursday, June 6, 2019 - 16:12
RBI also reduced its growth forecast to 7% in 2019-20 from 7.2% earlier.
Thursday, June 6, 2019 - 13:41
The Bank's Economic Prospects Report said this be would be helped by a "more accommodative monetary policy" and low inflation.
Wednesday, June 5, 2019 - 10:40
"Any serious shortfall in monsoon rainfall would most likely impact agri production and private consumption expenditure more than food inflation," the report said.
Tuesday, June 4, 2019 - 15:55