The Reserve Bank today notified the increase in deposit money under Public Provident Fund (PPF) to Rs 1.5 lakh from Rs 1 lakh earlier.
World stocks fell on Wednesday as investors braced for the possibility that a major central bank could raise interest rates this year after Bank of England minutes showed two of the bank's nine rate-setters voted for a hike earlier this month.
The Mumbai-based developer has projects both in the commercial and residential segment. <br />
IFC will use a combination of rupee-denominated bonds and swaps to raise local-currency financing of up to Rs 15,000 crore over the next five years
The issue is: would the RBI dare to similarly discourage withdrawals from the cash counters of a bank given the fact that such manual dispensation of cash is more expensive for a bank?
Jaitley also discussed issues related torecommendations of the Financial Sector Legislative Reforms Commission (FSLRC).
India must have real estate reforms before ushering in REITs which is nothing but a variant of mutual fund investments.
Even as a new legislation empowers the Securities and exchange board of India (Sebi) to tighten its grip over entities running ponzi schemes above Rs 100 crore, such regulations could help only to cure the symptoms, experts said.<br />
Having cleared a long-pending industry demand for creation of Real Estate Investment Trusts (REITs), regulator Sebi today said that the new norms would help entities with at least Rs 2 lakh investment to earn from completed real estate projects.
The new norms would enable listing and trading of REITs and InvITs as any other security on the stock exchange platforms and also help create new platforms for raising of funds by real estate and infrastructure companies, respectively.<br />
RBI governor, Raghuram Rajan has spoken out once more against competitive monetary policy easing by central banks, especially by the Fed and ECB. In an interview with London based 'Central Banking Journal' he commented on potential global markets crash on the back of competitive central bank easing.<br />
Murdoch, who is Fox's chairman and CEO, cited Time Warner's management and its board's refusal to engage with Fox as one reason for the stunning turnabout.<br />
After a series of top level exits, Infosys top management has undergone a change recently, with Vishal Sikka assuming charge of its CEO and MD replacing S D Shibulal who retired. Sikka is the first non-founder to head the company.<br /> <br />
Apple usually launches the newest version of its iPhone in September.<br />
Dilipkumar will be responsible for driving customer-led innovations and operations across SAP Labs India facilities in Bangalore, Gurgaon and Pune, the company said in a release.<br />
The government wants private companies to contribute half of a $1 trillion investment target over five years to 2017 to alleviate clogged-up roads and end electricity blackouts.<br />
Snapdeal's existing investors included Nexus Venture Partners, BlackRock, Singapore's Temasek and Bessemer Venture Partners among others.<br />
It is actually now a no-brainer that rates will be lowered only when CPI inflation comes down and remains within acceptable levels
With the RBI opting for status quo in its monetary policy review today, the Finance Ministry said going forward the central bank should examine the liquidity situation, inflation and growth while fixing the policy rate.
The Bombay HC it would peruse the charge sheet filed against Jignesh Shah before deciding on his bail plea.
Welcoming the Competition Appellate Tribunal's decision to uphold a CCI order against NSE, rival stock exchange MCX-SX today said dominant entities have a special responsibility not to distort competition.
But even after the new law, there could be wiggle room available for Ponzies
By gradually phasing out SLR, the RBI is taking Indian economy out of the so-called financial repression.
The scope of work entails engineering, procurement and construction of a crude tank, replacement of crude pumps and associated civil, piping, electrical and instrumentation facilities.<br />
Making a statement in the Lok Sabha on the recent failed WTO talks, Commerce Minister Nirmala Sitharaman said India is an "unwavering votary" of the multilateral trading system and reiterates its commitment to the WTO.<br />
The government simply does not have the resources to recapitalise public sector banks to comply with Basel III norms. It will be forced to bring government stakes below 51 percent
The Reserve Bank of India decided to keep key rates on hold, thus opting for a pause on interest rates in its third bi-monthly monetary policy review today. It seems the RBI may not be in a hurry to cut rates to spur growth. Its focus, instead, remains on targeting the 6 percent inflation-gliding path by January 2016.<br />
Sebi has to approach a designated court to get approval for search and seizure operations
The government was to divest its stake in Sail by this month end but could now wait until August. Could this hit the sale?