Tag: business
Extradition Blade Hanging, Mallya Offers To Repay 100 Per Cent Bank Money
Absconding liquor baron Vijay Mallya, wanted in a Rs 9,000 crore bank loan default case, on Wednesday offered to pay back "100 per cent of the principal amount" as speculations over his extradition were raised after AgustaWestland middleman Christian Michel was brought here for interrogation.....
RBI Keeps Policy Rate Intact; Stance Unchanged
In its penultimate monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Wednesday kept its key lending rate for commercial banks unchanged at 6.5 per cent for the second time in succession.....
Krishnamurthy Subramanian New Chief Economic Adviser
The government on Friday appointed Hyderabad-based Indian School of Business (ISB) Associate Professor Krishnamurthy Subramanian as the Chief Economic Adviser (CEA) in the Finance Ministry for a period of three years.....
Shaktikanta Das Appointed New RBI Governor
The government on Tuesday appointed Shaktikanta Das, who as Economic Affairs Secretary steered the monetary situation post-demonetisation, as the new RBI Governor, a day after Urjit Patel resigned amidst a tiff with the government on the RBI's autonomy.....
Mallya Extradition: Indian Mission In Touch With UK Authorities
After a court in Britain ordered the extradition of Indian industrialist Vijay Mallya to stand trial on charges of committing a Rs 9,000-crore bank loan fraud, the Indian High Commission in London is in touch with British authorities, with the case now in the hands of British Home Secretary, a senior official said on Thursday.....
RBI To Carefully Consider Liquidity Inducing Measures: Governor Das
Assuring adequate liquidity measures whenever the need arises RBI Governor Shaktikanta Das on Monday noted that liquidity should not become "loose money" and the apex bank would excercise the measures with caution.....
India Is A Bright Spot In Global Economy: Vice President
Vice President M. Venkaiah Naidu on Saturday said a steady growth rate of almost 7 per cent coupled with a series of reforms made India the most favourite destination for investments in the world.....
India's December Wholesale Inflation Eases To 3.80%
India's annual rate of inflation based on wholesale prices eased to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed here on Monday.....
Petrol, Diesel See Big Price Hikes On Sunday
State-run oil marketing companies increased petrol rates by 23 paise per litre while diesel prices went up by 29-31 paise across the four major metros, making it among the sharpest hikes ever since rates had been rising this month following a prolonged period of fall. ....
CBI Books VN Dhoot, Chanda Kochhar; Raids In Videocon-ICICI Bank Loan Case
The CBI on Thursday raided four locations here in connection with a Rs 3,250 crore loan involving the Videocon Group and ICICI Bank, sources said here. ....
