NEWS
Sitharaman asks banks to review practices to improve performance
01 Jan 2024
Finance minister Nirmala Sitaraman has asked public sector banks to focus on healthy lending practices, so as to prevent bank frauds and wilful defaults, especially by corporate borrowers.
Isro launches its first space research platform XPoSat
01 Jan 2024
The Indian Space Research Organisation (Isro) started the New Year with the successful launch of the XPoSat and 10 other satellites into the space aboard its workhorse PSLV rocket.
Centre appoints former NITI Aayog V-C Dr Arvind Panagariya as head of 16th Finance Commission
01 Jan 2024
Government of India on Sunday announced the constitution of the Sixteenth Finance Commission, with Arvind Panagariya, former vice chairman, NITI Aayog, and Columbia University professor, as its chairman.
India’s forex reserves grow $58 bn year-to-date to $620.4 bn
31 Dec 2023
India's foreign exchange reserves increased by $57.63 billion year-to-date, taking overall forex reserves with the Reserve Bank of India (RBI) to $620.44 billion
EU Council to lift air and sea travel curbs on Romanians, Bulgarians
31 Dec 2023
Member countries of the European Union (EU) have unanimously agreed to lift all air and maritime border controls with Bulgaria and Romania, commencing 31 March 2024.
Bristol Myers Squibb to acquire RayzeBio for $4.1 billion in cash
31 Dec 2023
American multinational pharmaceutical company Bristol Myers Squibb on Tuesday said it would buy RayzeBio for about $4.1 billion to bolster its cancer drug business
PNB plans to raise Rs7,500 crore via QIP or FPO
31 Dec 2023
The board of directors of Punjab National Bank (PNB) at its meeting on Thursday approved a proposal to raise Rs7,500 crore capital through equity issue
SBI, Bank of Baroda raise term deposit rates
31 Dec 2023
Public sector lenders State Bank of India (SBI) and Bank of Baroda (BoB) have announced a hike in interest rates on fixed deposits varying from 50 to 125 basis points
RBI directs banks to stop charging penal interest
31 Dec 2023
Reserve Bank of India (RBI) has directed banks to stop charging penal interest rates on delayed loan repayments
Net financial assets of non-residents in India up $7.4 bn in Q2 FY24
31 Dec 2023
Net financial assets of non-residents in India increased by $7.4 billion to $380.9 billion in the second quarter of the current financial year (July-September 2023-24)
Govt hikes small savings interest rates
31 Dec 2023
The central government on Saturday notified revised interest rates on small savings schemes, including a 20 basis point hike in the interest rates
India’s core sector industrial production grows 7.8% in November
30 Dec 2023
Core sector industrial production in India increased by 7.8 per cent in November 2023 on the back of an increase in the production of steel, coal, petroleum products and electricity.
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