Oracle Q1 net profit falls 16.50% to Rs 329.33 crore

Last Updated: Friday, August 7, 2015, 00:02

IT firm Oracle Financial Services Software Thursday reported a decline of 16.50 percent in its consolidated net profit at Rs 329.33 crore for the first quarter ended June 30, 2015.

World Bank unveils new conditions for loans

Last Updated: Wednesday, August 5, 2015, 17:42

The World Bank unveiled Tuesday a set of new social and environmental rules for its 188 member nations to receive financial assistance.

IMF staff urges no rush to add China yuan to currency basket

Last Updated: Wednesday, August 5, 2015, 11:29

The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms.

Bank's borrowing from global institutions only for general biz

Last Updated: Tuesday, August 4, 2015, 16:25

Bank's borrowing from global multilateral financial institutions are intended to be used for general banking business and not for capital augmentation, Parliament was informed today.

Twitter shares close at all-time low on growth worries

Last Updated: Tuesday, August 4, 2015, 04:28

Twitter shares fell to an all-time low on Monday, weighed down by doubts that the popular messaging platform isn`t growing fast enough to thrive.

No decision on curtailing RBI Guv power on rates: FinMin

Last Updated: Monday, August 3, 2015, 22:42

As the move to strip RBI Governor of veto power on deciding interest rates faced backlash, the government Monday said no decision on curtailing powers of the central bank has yet been taken.

Govt on backfoot over proposal to curtail RBI Guv's power

Last Updated: Monday, August 3, 2015, 17:18

Going on the backfoot over a draft Bill proposing curtailing powers of RBI Governor on interest rate, the government Monday said it is not right to conclude that it wants to curtail the central bank's powers.

Competition Commission set for sweeping powers under IFC

Last Updated: Sunday, August 2, 2015, 15:25

The Competition Commission might wield sweeping authority during formulation of financial market norms, including powers to issue binding directions, if certain provisions in the Indian Financial Code become a reality.

Clipping RBI chief's veto not an FSLRC proposal: Member

Last Updated: Sunday, August 2, 2015, 13:05

In a new twist, an FSLRC member has said the draft bill seeking to clip RBI chief's veto in deciding interest rates does not reflect the views of the panel and it actually favoured Governor having the last word.

TTML appoints Harish Abhichandani as CFO

Last Updated: Friday, July 31, 2015, 20:32

Tata Teleservices (Maharashtra) Ltd (TTML) on Friday said it has appointed Harish Abhichandani as Chief Financial Officer with effect from September 1.

Companies can circulate fin statements during short notice for GMs

Last Updated: Monday, July 27, 2015, 15:35

The Corporate Affairs Ministry has clarified that in case a general meeting is convened at a shorter notice, financial statements too can be circulated during that time.

Govt to take view on Financial Code after public comments: FM Jaitley

Last Updated: Monday, July 27, 2015, 13:09

"FSLRC has made its recommendations, which have been made public for comments. After the comments are received, it is only then that the government will take a view," he told reporters here.