New Delhi | Finance Minister Nirmala Sitharaman has announced on Friday the merger of 10 nationalised banks into four entities. This announcement comes after a...
“With almost every bank and institutional lender having exposure to ILFS, its dangerous contagion effect would destabilise the entire banking and finance sector of India,...
“The banks’ woes continue not just because no worthy corporates are borrowing afresh, but moreso because there are new ones further emerging on the horizon”...
New Delhi | The Reserve Bank of India (RBI) approved a record Rs.1.76 lakh-crore ($24.4 billion) payout to the central government, amid a slowing economy. The central...
Singapore | Moody’s Investors Service has cut India’s gross domestic product (GDP) growth rate to 6.2 per cent for the year 2019, amid an economic slowdown....
New Delhi | Finance Minister Nirmala Sitharaman has announced several steps to fighting India’s economic slowdown, including the removal of angel tax on startups. She...