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SBI complains to CBI after Rs 411 crore loan defaulter flee country

Three promoters of Ram Dev International, recently booked by the CBI for allegedly cheating a consortium of six banks to the tune of Rs...

Centre hikes excise duties by Rs 10 per litre on petrol, Rs 13 per litre on diesel

The Central government on Tuesday announced an increase in excise duties by Rs 10 per litre on petrol and Rs 13 per litre on...

RBI’s liquidity support for MFs may struggle to be effective: Fitch Ratings

The Reserve Bank of India's liquidity support for mutual funds may struggle to be effective, as its success will hang on banks' appetite to...

India’s rating could come under pressure if fiscal outlook deteriorates: Fitch Ratings

Fitch Ratings on Tuesday said India's sovereign rating could come under pressure if there is further deterioration in fiscal outlook as a result of...

Facebook buys 10% stake in Jio Platform for Rs 43,574 crore

Facebook on Wednesday announced an investment of USD 5.7 billion (Rs 43,574 crore) to buy a 10 per cent stake in the firm that...

RBI Guv hopes India will stage sharp V-shaped recovery in 2021-22

The Reserve Bank Governor Shaktikanta Das on Friday said there are a few slivers of brightness amidst the encircling gloom and hoped that India...

Sensex off highs, 450 points up post RBI’s fresh measures

The Indian stock market lost most of its initial gains despite the announcement of fresh liquidity measures by the Reserve Bank of India (RBI)....

RBI allows NBFCs to extend DCCO for loans to commercial real estate by one year

The RBI on Friday allowed non-bank financial companies to extend the date for commencement of commercial operations (DCCO) for loans given to commercial real...