Investments into online lending platforms have fallen sharply this year, according to a new report, largely a reaction to the woes at Lending Club and increased regulatory scrutiny that have made investors shy away from the risks.
Unfazed by nation-wide public sector bank strike, SBI chief Arundhati Bhattacharya on Friday said the merger of 5 associate banks and Bhartiya Mahila Bank with the state-owned lender should be over by next March.
Nine excise duty hikes over a span of few months helped the government nearly treble its excise mop up from petrol and diesel to about Rs 70,000 crore in 2015-16, Parliament was informed on Friday.
The government's initial plan to build-up its strategic petroleum reserves (SPR) is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil demand.
Commerce and Industry Ministry discussed various issues, including taxation and compliance, with start-ups and decided to take up the matter with the departments concerned, going ahead.
Level of optimism among India's chief financial officers about business environment for the July-September quarter touched a five-quarter high, a survey has found.
Retail investors can access the government securities (G-Sec) market, being used currently by the large institutional players, in a seamless manner from August 16, the Reserve Bank of India said on Thursday.
Oil prices fell to three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened.
Revenue officials will not arrest or prosecute jewellery manufacturers in cases where suspected excise duty evasion is less than Rs 2 crore, the Finance Ministry has said, in a move to address jewellers' concerns.
Defending the government's policy to allow 100 per cent foreign direct investment (FDI) through an automatic route in defence and retail sectors, Commerce Minister Nirmala Sitharaman on Wednesday said "greater the investment, greater the opportunity for employment generation".
Cement demand is likely to increase 6 per cent this fiscal from 5 per cent in 2015-16 on the back of better monsoons and government focus on developing infrastructure, rating agency Icra said on Wednesday.
Industry bodies from the metal and stainless steel sector have approached Prime Minister Narendra Modi and Steel Minister Chaudhary Birendra Singh seeking their intervention to shelve the Steel Quality Control (QC) Order, 2016.
Equity mutual funds witnessed an addition of over six lakh investor accounts or folios in April-June quarter of the current fiscal, primarily on account of strong participation from retail investors.
India Inc has identified four areas including strategy and sustainability on which company boards should increase focus over the next 10 years to support business growth prospects, says a Grant Thornton survey.
Gold rose on Tuesday as the dollar slipped ahead of a two-day Federal Reserve policy meeting this week, which will be closely watched for clues on the outlook for US interest rates.
Iraq has overtaken Saudi Arabia to become India's top crude oil supplier while Iran has grabbed the fourth biggest exporter slot after lifting of sanctions.
State-run lender Canara Bank on Monday reported 52.1 per cent decline in net profit at Rs 228.9 crore in the first quarter ended June as it parked a higher share towards contingencies for bad loans.
SBI has engaged Indian Oil Corporation's Kisan Seva Kendras as banking correspondents to extend banking facilities to farmers across the country.
L&T Finance Holdings has promoted Dinanath Dubhashi as Managing Director with effect from July 22 while CMD Y M Deosthalee will continue to serve as its Chairman.