Several large banks and non-banking finance companies facing new challenges posed by the second wave of Covid, bad loans are projected to see a new spike as the increasing stress across sectors is starting to impact the repayment capacity of...

According to government insiders, the Union Cabinet is poised to consider a proposal to allow 100 percent foreign direct investment (FDI) in state-owned oil refineries in order to clear the regulatory path for the privatization of Bharat Petroleum...

Despite the coronavirus pandemic, financial wealth in India has a growth of 11 percent to USD 3.4 trillion in 2020, a global consultancy estimated on Tuesday. The 11 percent growth in financial wealth was at par with the compounded annual growth...

The Reserve Bank of India (RBI) has proposed a new regulatory framework for microfinance institutions (MFIs) that includes capping the outflow on account of repayment of a household's loan obligations to a maximum of 50 percent of the...

India’s unemployment rate improved to a six-week low of 8.7% as falling coronavirus infections lead states to relax the lockdown curbs and monsoon rains cover some parts of the country. Economists, however, said that the recovery is...

Bharat Heavy Electricals Ltd (BHEL) share price tumbled as much as 18 per cent to Rs 62.55 apiece in intraday on BSE, after the company reported lower-than-expected Jan-Mar quarter results. At NSE, the stock plummeted 20 per cent. BHEL’s...

Running a side business is a great way to create another source of income for you and if done properly, this side business can even help you to make a lot of money if you plan accordingly. It is also important to know the fact that you have to...

After a two-month hiatus, the IPO market is picking up steam, with four companies conducting IPOs next week, raising a total of Rs 9,123 crore. Macrotech Developers (formerly Lodha Developers) had its most recent initial public offering (IPO)...

The government plans to bring in a clutch of anchor investors to invest up to Rupees 25,000 crore in the shares of Life Insurance Corp. of India (LIC) in its planned mega initial public offering (IPO), said two people, including a top central...

Overseas investors poured in a net Rs 13,424 crore so far in the month of June as risk-on sentiment improved amid a decline Covid-19 cases and expectations of early opening of the economy. As per depositories data, foreign portfolio investors...