Markets close day's session on buoyant note: Sensex up 622 points, Nifty above 9,050-mark; HDFC top gainer, surges over 5%
The Sensex settled 622.44 points or 2.06 percent higher at 30,818.61, while the NSE Nifty rose 187.45 points, or 2.11 percent, to end at 9,066.55
Nirmala Sitharaman launches INR-USD futures and options contracts on BSE, NSE; economic activity, employment to rise
The launch of INR-USD contracts at the exchanges in GIFT-IFSC is a step in this direction.
Yes Bank debt writedown to hit sector capital-raising; some investors plan to challenge central bank’s move: Analysts
Yes Bank had about Rs 8,800 crore ($1.2 billion) in AT1 capital as of March 2019, its annual report showed, under the Basel III framework.
Nearly 81% employers feel new income tax regime not to benefit staff; communication with employees to become biggest challenge: Survey
They also fear the new income tax regime will deter employees from taking up voluntary benefits from their employers, and this will force those drawing higher incomes to look for other investment options.
India retail banking a 'nice oasis' for foreign lenders Deutsche, HSBC, peers; easing regulations, surge in online deals drive change
Improved performance in India and its basis in the take-up of digital retail banking services could also offer hope for other large markets with potential far greater than the profit so far delivered, such as China.
Narendra Modi likely to meet finance ministry department officials on 20 June, plans to discuss roadmap for growth
Ahead of the Budget, Prime Minister Narendra Modi is likely to meet all five departments of the finance ministry on 20 June to discuss the road map for boosting country's growth and generating jobs.
The banking and financial services space for IT firms is expected to be volatile in the near term, and escalation of trade wars in the past weeks combined with Brexit overhang may continue to weaken modest optimism of April 2019, says the latest report by Kotak Institutional Equities
Piramal Enterprises, Canadian pension fund set up $600-mn renewable energy trust; CPPIB to hold 60% in new venture
CPPIB has committed $360 million and holding up to 60 percent while Piramal Enterprises has committed $90 million and holding 15 percent.
Cognizant likely to cut jobs after slashing full-year growth outlook; Indian mid-level employees to get hit the most
Cognizant will opt for job cuts as the firm’s headcount additions were not in sync with the revenue growth in the past two quarters
London top choice for Indian investors with record investments in 2018; UK firms eye tie-ups in fintech field: Report
The data analytics firm, which has an office in Mumbai and customers across India, said it will be scouting for new opportunities to explore collaborations and meet stakeholders in some of India's fast-growing fintech hubs.
RBI to issue guidelines on regulatory sandbox in next two months to promote innovation in fintech space: Shaktikanta Das
Pointing out some of the challenges, the governor said risks for fintech products may also arise from cross border legal and regulatory issues.
India features among the lowest women workforce participation rates in the world, however, it is changing gradually, he said.
For nearly 62 percent of the Indian firms, one of the major problems in fraud prevention and detection is that many solutions lack the flexibility to adjust in real time
The total investments by private equity (PE) and venture capital (VC) funds in 2018 have gone up to $25.2 billion, only $1 billion short of last year's record inflows,
Narendra Modi to launch India Post Payments Bank on 1 September; to leverage reach of 1.55 lakh post office branches
The payment bank will be used by the government to distribute NREGA wages, subsidies, pension etc
The government has come out with the Fugitive Economic Offenders Bill, giving authorities powers to attach and confiscate properties of economic offenders
Payworld said it intends to facilitate investment in liquid funds, which are risk-free and allow the facility of instant redemption
The minimum FDI capital is $20 million for unregistered/exempted entities engaged in 'fund based activities'.
Nearly 40 percent of over 53,000 cyber attacks in India occurred in the financial services sector during 2017.
The report is based on analysis of fraud trends across financial services (including insurance), retail and telecoms spanning these 10 countries.