Tata Power Co., controlled by India’s largest conglomerate Tata Group, is considering an initial public offering for its renewable energy business that is estimated to raise about 35 billion rupees ($473 million), as per people familiar with...

State Bank of India (SBI) will try to keep the interest rates benign as long as possible with a view to supporting the economic growth, its chairman Dinesh Kumar Khara has said. On the impact of the second wave of Covid-19 on non-performing assets...

The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges. The RBI uses the RBS model that includes both...

According to the markets regulator Sebi, mutual funds would have to disclose scheme risk-o-meter, results, and portfolio information to investors only for the specific plans in which they have invested. This is aimed at enhancing the quality of...

The labour ministry has implemented a decision of retirement fund body EPFO's trustees to hike the maximum sum assured which is payable under the Employees' Deposit Linked Insurance Scheme, 1976 to Rs 7 lakh from the existing Rs 6 lakh....

To pump up liquidity, the Reserve Bank of India will conduct a one-day 'Open Market Operations' on May 6 to simultaneous purchase and sell government securities. The OMO session will see the simultaneous purchase and sale of government...

Food delivery startup Zomato, backed by China's Ant Group, has filed for an initial public offering of up to Rs 8,250 crore ($1.11 billion), as consumers increasingly turn to ordering food online during the Covid-19 pandemic. Launched in...

For companies, maintaining liquidity throughout COVID-19 has become simultaneously difficult and crucial. The pandemic has shown significant weaknesses in the mechanisms, analysis techniques, and procedures that businesses use to make financial...

The Reserve Bank of India (RBI) announced on Wednesday that the asset reconstruction companies (ARCs) committee has solicited feedback and suggestions from market participants and other stakeholders. This comes after the RBI stated that the...

The Finance Ministry has permitted additional borrowings of Rs 1.06 lakh crore as at March-end to those states which have carried out some key institutional reforms. Last October, the Central government had linked permission for additional...