According to Crisil, bank credit is expected to rise 400-500 basis points (bps) to 9-10% next fiscal as the Indian economy recovers, aided by budgetary stimulants and steps announced by the Reserve Bank of India (RBI). India's GDP growth...

Goods and services tax (GST) collections in February (for sales in January) rose 7.4 per cent year-on-year to Rs 1,13,147 crore. Though lower than Rs 1,19,875 crore collected the previous month, the February mop-up is the fifth consecutive...

The mobility sector across the country has recovered 63 per cent of the pre-covid levels with an overall 71 million rides in January 2021, according to a report which was done by research and consultancy firm RedSeer. The report also stated that...

The country’s largest lender State Bank of India on Monday said it has reduced its interest rates on home loans by up to 10 basis points (bps) and is offering loans starting from 6.70 per cent rate. These new rates are based on the loan...

Inflation is characterized as an increase in the cost of most every day or basic commodities, such as food, clothing, housing, entertainment, transportation, consumer staples, and so on. Inflation is classified as the cumulative rise in the value...

The Indian government has extended the deadline for filing the annual goods and service tax (GST) return and reconciliation statements the for FY 20 till March-end, from existing date of February 28. "In view of the difficulties expressed by...

The twelfth tranche of Sovereign Gold Bond 2020-21 will open for subscriptions from Monday and continue till 5 March. Launched in 2015, the Sovereign Gold Bonds are government securities denominated in grams of gold. It is often touted...

Reliance Strategic Business Ventures Limited (RSBVL) said on Sunday that it has acquired additional equity stake in its investee company skyTran Inc. for a consideration of $26.76 million. With this, RSBVL's shareholding in US-based tech firm...

A clutch of state-run banks who has significant exposure to the farm sector has initiated discussions with the government to set up a credit guarantee fund which is aimed to cover the defaults by farmers, making lending to the sector less risky,...

The Union government on Thursday announced new rules to regulate digital content and establish a Code of Ethics and a three-tier grievance redressal framework for news websites and OTT platforms. Concerns have been raised about rampant abuse of...