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RBI suggests Sebi action against 'wilful' defaulters

RBI suggests Sebi action against 'wilful' defaulters

Last Updated: Tuesday, July 29, 2014, 16:40

Tightening the regulatory noose around wilful defaulters of bank loans, RBI has suggested to watchdog Sebi that such entities should be prevented from raising funds through capital markets.

Two men involved in 125 cases held in Gurgaon

Last Updated: Monday, July 28, 2014, 19:52

Two men, against whom 125 cases including that of murder are registered in Haryana and the National Capital Region (NCR), have been arrested here, police said Monday.

Central Bank to sell 4% stake to LIC for Rs 581 cr

Last Updated: Sunday, July 27, 2014, 11:54

The government has earmarked only Rs 11,200 crore for fund infusion into public sector banks this current fiscal, down from Rs 14,000 crore last fiscal.

Rupee snaps 2-week losing streak; ends at 60.10 Vs dollar

Last Updated: Saturday, July 26, 2014, 14:50

In last two-weeks, rupee had plunged by 56 paise or 0.94 percent.

Govt concessions to debt funds a partial relief: MF industry

Last Updated: Friday, July 25, 2014, 18:06

Mutual Fund industry on Friday termed as 'partial relief' the government's decision to exempt debt mutual funds sold between April 1 and July 10 this year from an increased tax rate.

Insurers welcome FDI hike; PwC sees inflow of Rs 1 lakh cr

Last Updated: Thursday, July 24, 2014, 22:18

Private sector insurers welcomed the government move to increase foreign holdings to 49 percent from the existing 26 percent saying the move will benefit companies and customers and would help bring in new technology and better services.

Insurance scrips gain as Cabinet clears FDI to 49%

Last Updated: Thursday, July 24, 2014, 20:23

Shares of companies that run insurance business rose by as much as 4 percent after the Cabinet today gave go-ahead to FDI cap hike in the sector to 49 percent with a rider that management control will remain in the hands of Indian promoters.

'Nod to 49% FDI in insurance to drive capital infusion'

Last Updated: Thursday, July 24, 2014, 19:25

Welcoming the Cabinet approval to raise FDI ceiling in insurance, India Inc on Thursday said the move will drive capital infusion in the cash-starved sector by attracting investments from foreign players, enhance insurance cover and push firms to provide long-term savings vehicles.

Kolkata woman tutor, who brutally beat up 3-year-old child, still on the run

Last Updated: Thursday, July 24, 2014, 12:20

Police have expanded its search to areas adjoining the city to trace the woman tutor caught on camera brutally beating up a three-year-old at his home here.

Finance Ministry examining Budget proposal to double tax on debt MFs

Last Updated: Wednesday, July 23, 2014, 22:01

The Finance Ministry is examining to tweak the Budget proposal for hiking capital gains tax to 20 percent for debt mutual funds following representation from the industry, Economic Affairs Secretary Arvind Mayaram said on Wednesday.

Nifty hits new lifetime high of 7,809.20 on capital inflows

Last Updated: Wednesday, July 23, 2014, 10:53

Brokers said market sentiments were upbeat on sustained capital inflows and widespread buying by retail investors.

BoM seeks Rs 1,000 cr from govt in FY15

Last Updated: Monday, July 21, 2014, 17:15

The Bank of Maharashtra has sought Rs 1,000 crore capital infusion from the government and may hit the market next year to meet its fund requirement.