By Loknath Das On Monday, May 22nd, 2017
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Sub-Saharan Africa’s foreign-currency shortages are subsiding but will take time to overcome

While foreign currency shortages in Sub-Saharan Africa stemming from lower oil and commodity prices are easing, it will take time for sovereigns, banks and non-financial companies to restore their financial health, More...

By Loknath Das On Monday, May 22nd, 2017
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SBI Minimum Balance On Savings Bank Accounts: How Much Fine You Have To Pay

SBI or State Bank of India is charging a fine on savings bank account customers not meeting the average monthly balance requirement. The amount of penalty for non-compliance with the monthly average balance or More...

By Loknath Das On Monday, May 22nd, 2017
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Sub-Saharan Africa’s foreign-currency shortages are subsiding but will take time to overcome

Photo: Reuters While foreign currency shortages in Sub-Saharan Africa stemming from lower oil and commodity prices are easing, it will take time for sovereigns, banks and non-financial companies to restore their More...

By Loknath Das On Monday, May 22nd, 2017
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Tata Power Misses March Quarter Profit Estimates

Tata Power Co Ltd on Friday reported a fourth-quarter adjusted profit that missed analysts’ estimates, as lower recovery on the cost of fuel at one of its major power plants and higher fuel costs hurt margins. More...

By Loknath Das On Monday, May 22nd, 2017
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Companies Spurned by Supreme Court on $1 Billion Michigan Tax Change

The U.S. Supreme Court refused to question a Michigan tax change that companies including IBM Corp. and Procter & Gamble Co. say will hit them retroactively with a $1 billion bill. The companies argued that More...

By Loknath Das On Monday, May 22nd, 2017
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Foodgrains, Soaps To Cost Less Post GST Rollout, Cars To Be Expensive

rinagar: Foodgrains and common-use products like hair oil, soaps and toothpaste as also electricity will cost less from July 1 when the GST is scheduled to be rolled out as the all-powerful GST Council on Thursday More...

By Loknath Das On Monday, May 22nd, 2017
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SBI Minimum Balance On Savings Bank Accounts: How Much Fine You Have To Pay

SBI requires its savings bank account holders in metros to maintain a monthly average balance of Rs. 5,000 HIGHLIGHTS Fine on customers not meeting minimum balance requirement, says SBI Penalty will be based on More...

By Loknath Das On Monday, May 22nd, 2017
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Axis Bank Lowers Home Loan Rates

Mumbai: Taking a cue from its larger rivals, Axis Bank on Thursday announced a rate cut of up to 0.30 per cent for home loan borrowers. Under the new rates, which are effective from May 16, the rate of home loans More...

By Loknath Das On Friday, May 19th, 2017
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Piramal Enterprises Surges Over 13%, Hits 52-Week High On Q4 Earnings

Shares of Ajay Piramal led Piramal Enterprises Ltd surged as much as 13.48 per cent to hit fresh 52-week high of Rs. 2,949.90 on the National Stock Exchange after the Mumbai-based healthcare and financial services More...

By Loknath Das On Friday, May 19th, 2017
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GDP Numbers Likely To Be Revised Higher, Says Nomura

New Delhi: The new series for industrial production and wholesale prices suggest that the GDP numbers for financial year 2016-17 could be revised up from 6.7 per cent to 7.4 per cent, says a Nomura report. The More...