RBI may give payment bank licence to Post Department in August: Prasad

Last Updated: Saturday, June 27, 2015, 16:40

According to a source, Prasad has approved hybrid model suggested by Ernst & Young which prepared detailed project report on Post Bank of India (PBI).

Bank stocks witness selling pressure

Last Updated: Friday, June 26, 2015, 19:35

Bank stocks on Friday witnessed a selling pressure after the Financial Stability Report said that asset quality deterioration is likely to continue for a few more quarters.

Bad loans main pain area for resilient economy: FSR

Last Updated: Thursday, June 25, 2015, 19:18

Strong macroeconomic fundamentals offer India a "reasonable degree of resilience" to fight uncertainties, but poor asset quality of banks and managing expectations are key challenges for regulators and the government, says the Financial Stability Report.

Most professionals open to explore new opportunities: LinkedIn

Last Updated: Thursday, June 25, 2015, 13:44

According to LinkedIn's 2015 Talent Trends India Report, 55 per cent of Indian professionals define their job search as "passively looking".

Oil prices recover amid Greece, supply worries

Last Updated: Tuesday, June 16, 2015, 13:47

In mid-afternoon Asian trade, US benchmark West Texas Intermediate for July was up 64 cents at $60.16 while Brent futures for August, a new contract, were up 35 cents at $64.30.

PE deals worth $5.85 bn sealed during Jan-May: Thornton

Last Updated: Sunday, June 14, 2015, 13:12

According to the assurance, tax and advisory firm, there were 68 PE transactions worth USD 1,249 million, up 48 per cent over same month last year when deals worth USD 846 million were announced.

Oil prices drop as IEA predicts demand slowdown

Last Updated: Thursday, June 11, 2015, 19:39

US benchmark West Texas Intermediate for delivery in July fell 58 cents to USD 60.85 a barrel compared with yesterday's closing level. Brent North Sea crude for July slid 46 cents to stand at USD 65.24 around midday in London.

India seeks better ranking on World Bank's 'ease of biz' list

Last Updated: Tuesday, June 9, 2015, 21:38

Pitching for a better ranking on ease of doing business for India, government officials Tuesday apprised the World Bank about various reform measures taken in the past one year including relaxation in company laws.

Dollar steady after Obama denies surging unit comment

Last Updated: Tuesday, June 9, 2015, 12:43

In Tokyo afternoon trade, the US unit fetched 124.45 yen, against 124.47 yen in New York and 125.52 yen in Tokyo earlier Monday.

Euro rises to $1.13 on German trade data

Last Updated: Tuesday, June 9, 2015, 10:32

The euro got a boost from a widening of Germany`s trade surplus in April as exports grew by 1.9 percent, while imports fell 1.3 percent.

Foreign outflows to continue as other mkts become attractive: HSBC

Last Updated: Sunday, June 7, 2015, 11:05

The potential for equity outflows has increased, with foreign positions looking "stretched" in India, said the global brokerage.

Gold price falls for 3rd straight week, ends at Rs 26,950 per 10 gms

Last Updated: Saturday, June 6, 2015, 18:05

Falling for the third straight week, gold prices dipped below the Rs 27,000-mark to end at Rs 26,950 per ten gram at the bullion market, largely in tune with a weakening global trend where the precious metal fell to an 11-week low.