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COVID-19 Emergency: World Bank approves USD 1 billion additional aid to India

The World Bank on Friday approved USD 1 billion social protection package for India linked to Central government's programmes. World Bank also said that...

Fiscal deficit to balloon to 7.9% in FY21: Report

The government has announced a cumulative package of Rs 20 lakh crore, which is nearly 10 per cent of GDP to provide relief to various...

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...