Business

In its draft directions on the subject, the RBI has also proposed introducing the facility for hedging of indirect price risk for selected metals.

Currently, 11 domestic lenders including SBI, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Bank of Baroda have opened their businesses at GIFT (Gujarat International Finance Tec-City).

Jaitley said that even when the world economy had slowed down India continued to grow at a reasonable pace.

The bearer instrument will not carry the name of the payee and can be bought for any value, in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh or Rs 1 crore, he said in a statement in the Lok Sabha.

The 28 accounts together account for 40 per cent of bad loans of around Rs 4 lakh crore.

The Air India chief, who took over as chairman and managing director of the disinvestment-bound national carrier earlier this month, said the onus to steer the company out of turbulence lies on everyone.

In an order, SEBI said that the firm and the directors were engaged in fund mobilising activity from the public through investment contracts by floating or sponsoring or launching collective investment schemes (CIS) without having registration with the ma...

Speaking before the students at the prestigious institute, Murthy said in the last seven years, the salaries of freshers in the software industry have stayed stagnant while the same for senior-level employees have grown by up to 1,000 per cent.

The Centre's surprise demonetisation announcement late last year was a "real shocker" for the sector. But, simultaneously, it helped the sector to resist unaccounted funds from finding their way into the secondary and even primary sales segments as well a...

RIL Chairman Mukesh Ambani on Saturday unveiled his plans to expand the company started by his father Dhirubhai Ambani 40 years ago into one of the top 20 in the world.

The 30-share index bounced 83.61 points, or 0.24 per cent, to 33,860.99. It had lost 59.36 points in the previous session.

The report says that as the 2000 denomination currency led to challenges in transactions, it seems RBI may have either consciously stopped printing the notes or is printing in smaller numbers after initially it was printed in ample amount to normalise the...

Observing that bitcoins cannot be ignored, regulator Sebi chairman Ajay Tyagi on Wednesday said the virtual currency so far has not posed any systemic risk and a government panel is looking into it.

The Financial Sector Regulatory Appointment Search Committee (FSRASC) headed by the Cabinet Secretary, had its meeting in this regard on Monday to select a suitable candidate to succeed SS Mundra.

According to an official, movements in in Nifty futures and options on the Singapore exchange would be closely watched since trading starts much before Indian markets open and their trends would have an impact on domestic stocks.

KOTRA, which is South Korea's national trade promotion organization, on Monday opened its fifth office in India at Kolkata.