‘Very close to securing IMF bailout’: Pakistan finance minister Asad Umar
Pakistan is likely to secure an International Monetary Fund (IMF) bailout soon to stave off a balance of payment crisis and help shore up its […]
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In a bid to boost economy, 3 banks taken off RBI watchlist
In a significant move, the RBI Thursday lifted lending curbs on three out of 11 weak public sector banks (PSBs) as the central bank under […]
Bored programmer exploits ATM loophole to withdraw over $1 million
If you are a programmer at a bank, chances are you are required to find loopholes in the bank’s systems and not exploit it. A […]
Mukesh Ambani to invest $1.4 bn in Bengal, will help e-commerce expansion
Reliance Industries will invest 100 billion rupees ($1.4 billion) in West Bengal, a part of which would fund the company’s new e-commerce venture, its chairman […]
Jet Airways grounds four aircraft after failing to pay lessors
India’s Jet Airways Ltd has grounded four aircraft after failing to make payments to lessors, in a sign that leasing firms are losing patience with […]
IndiGo seeks RBI nod to use rupees for onboard sales on international flights
Budget airline IndiGo has approached the Reserve Bank seeking relaxation in foreign exchange norms regarding use of Indian rupees for onboard sales in international flights. […]
SBI cuts interest rate by 5 basis points on home loans up to Rs 30 lakh
Within a day of RBI reducing repo rate by 25 basis points, the country’s largest lender State Bank of India Friday announced a cut in […]
Amazon to acquire mesh Wi-Fi router startup ‘Eero’ to help connect home devices
Amazon.com Inc. has agreed to acquire Eero, a builder of Wi-Fi-networking tools, in another deal aimed at bolstering the retail and technology giant’s home devices […]
Sebi to lower expenses charged by mutual funds
Markets regulator Sebi on Wednesday decided to reduce the additional expenses charged by mutual funds by 15 basis points to aimed at increasing penetration of […]
Mutual funds asset base dips Rs 66,000 crore in May to Rs 22.6 lakh crore
The mutual fund industry’s asset base has fallen by nearly Rs 66,000 crore, to Rs 22.6 lakh crore at the end of May, primarily on […]