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Economy expands for first time in five months, leading indicators show

The U.S. economy appears to have revved up a bit after a slow start to the year. The numbers: A survey of economic conditions in the U.S. rose in February for the first time in five months, perhaps a sign growth is poised to pick up a bit after a very slow start early in the year. The leading economic index increased ... Read More »

What changed for the market while you were sleeping? Top 12 things to know

The Nifty fell for the second consecutive day on March 8 and but gained 1.5 percent during the week despite global growth concerns. The 30-share BSE Sensex fell 53.99 points to 36,671.43 as the Nifty slipped 22.80 points to 11,035.40 and formed ‘Doji’ kind of candle on the daily chart. The index managed to settle the week above 11,000 and ... Read More »

‘Permanent’ capital: Vital differentiating factor for business

Global trends in money management and business efficiency are a useful guide to build and scale Indian businesses, especially to increase the efficiency of capitalusage. One trend that has been in focus throughout the asset management industry, especially the private equity world, has been that of “permanent capital”. This is broadly defined as access to funds for long periods, instead of the usual ... Read More »

RBI slaps Rs 1 cr fine on Yes Bank for non-compliance in Swift operations

Private sector lender Yes BankNSE -0.06 %Tuesday said the Reserve Bank of India has slapped a fine of Rs 1 crore on the bank for non-compliance of directions on SwiftNSE 4.92 % messaging software. “The Reserve Bank of India (RBI)… has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment ... Read More »

Senior citizens, important note for you! From KYC to doorstep banking, all services that your bank has to provide

As a senior citizen, one may submit the KYC documents and Life Certificate to the bank sitting at home. With digital banking on the rise, nowadays not many bank savings account holders visit bank branches. However, not many senior citizens may be well versed with the technology and may still prefer making a visit to the bank branch for their ... Read More »

Business Top 5: Equity inflow declines for third straight month; Tata Motors highest fall in 26 years

Equity inflow in the Indian mutual fund industry declined for the third straight month in January 2019 and reached its lowest level since January 2017. Income category witnessed an inflow of Rs 2,080 crore. Representative Image  |  Photo Credit: Getty Images 1). Equity inflow declined third month in a row Equity inflow in the Indian mutual fund industry declined for the ... Read More »

RBI reduces risk weights for bank lending to NBFCs

The Reserve Bank of India (RBI) has decided to assign risk weights for the rated exposures of banks to all non-banking financial companies (NBFC) to facilitate credit flow to the sector that is reeling under liquidity pressure post IL&FS defaults in August. The guidelines will be out by February end. “With a view to facilitating flow of credit to well-rated ... Read More »

ICICI Bank loan case: CBI transfers officer for delay in probe

“There was a strong suspicion that he might leak information about the ensuing searches.” The CBI is conducting an internal inquiry into the suspected role of Superintendent of Police Sudhanshu Dhar Mishra in the alleged delay in probing the ICICI Bank loan fraud case. Mr. Mishra, the supervisory officer, was transferred from the Bank Security and Fraud Cell (Delhi) to ... Read More »

What changed for the market while you were sleeping? Top 10 things to know

The market snapped the five-day winning streak and closed lower on Tuesday, dented by profit booking as well as correction in global peers. Select banking and financials, auto and metals stocks pulled the market down. The 30-share BSE Sensex was down 134.32 points at 36,444.64 while the Nifty50 fell 39.10 points to 10,922.80 and formed ‘Hanging Man’ kind of pattern ... Read More »

Budget 2019 to set tone for markets; banks, consumers, cement stocks in focus

The New Year started positive but slightly on a somber note with the Indian equity market making a marginal gain in the first 15 days of the year. Both Nifty50 index and BSE Sensex rose 0.2 percent and 0.7 percent, respectively. The surge in the global equity market and continuation of buying interest by domestic institutional investors (DIIs) helped the ... Read More »