Axis Bank rules out cut in base rate for next two months

Last Updated: Friday, September 11, 2015, 22:35

Even as its larger rival HDFC Bank cut base rate by a sharp 35 basis points to 9.35 percent late last month, the third-largest private sector lender Axis Bank Friday ruled out any immediate reduction in its loan pricing.

Google launches initiative to drive deeper engagement with SMBs in India

Last Updated: Thursday, September 10, 2015, 12:02

The initiative is designed to help small medium businesses get first hand information from Google in a format that will encourage SMBs to share their challenges and learn directly from Google experts.

Draft base rate guidelines credit negative for banks: Moody's

Last Updated: Monday, September 7, 2015, 22:17

International rating agency Moody's Monday said the Reserve Bank's draft guidelines for base rate computation are credit negative for banks as they will reduce their loan-pricing flexibility.

RBI for uniform methodology for calculating base lending rate

Last Updated: Tuesday, September 1, 2015, 23:36

To ensure effective transmission of its policy rate decisions by banks, RBI Tuesday proposed a uniform methodology for calculation of their base lending rates on the basis of marginal cost of funds.

Total telephone subscriber base rises to 100.69 cr

Last Updated: Tuesday, September 1, 2015, 14:45

The subscriber base stood at 100.20 crore at the end of May, Telecom Regulatory Authority of India (TRAI) said.

RCom Q1 net jumps 34% at Rs 177 crore

Last Updated: Friday, August 14, 2015, 21:25

Reliance Communications on Friday reported a 34 percent jump in its net profit at Rs 177 crore for the quarter ended June 30 on the back of growth in data.

ICICI to lend home loans at base rate for rural borrowers

Last Updated: Monday, August 10, 2015, 16:24

The largest private lender ICICI Bank Monday said it will offer loans of up to Rs 15 lakh at base rate -- the minimum lending rate -- in rural areas.

Equity MFs asset base climbs 55% to Rs 3.72 lakh crore

Last Updated: Monday, July 27, 2015, 18:36

The asset base of equity mutual funds surged about 55 percent to Rs 3.72 lakh crore at the end of June, from the year-ago level, as retail investors poured money into these schemes.

Govt sets Power Finance offering base price at Rs 254/share

Last Updated: Saturday, July 25, 2015, 20:32

The government has set the base price for the offering of shares in state-run Power Finance Corp Ltd at Rs 254 a share, the company said on Saturday, a discount of 2.1 percent from Friday`s close.

Axis Bank Q1 profit up 19% at Rs 1,978 crore

Last Updated: Friday, July 24, 2015, 15:01

Private sector Axis Bank on Friday reported a 18.70 percent growth in net profit at Rs 1,978.44 crore for the first quarter ended June 30.

Internet users in India to reach 503-mn by 2017: Report

Last Updated: Monday, July 20, 2015, 16:11

The overall internet user base (wireline and wireless) in the country stood at approximately 350 million as on June 2015 and is estimated to touch 503 million by 2017, the report titled 'India on the go?mobile Internet Vision' by IAMAI and KPMG said.