Tag archive for ‘By’
By Loknath Das On Thursday, June 15th, 2017
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12 Defaulters Identified By RBI To Be Named Soon: Finance Ministry

New Delhi: The Finance Ministry today said names of the 12 big defaulters identified by the RBI for initiation of bankruptcy proceedings will soon be made public. The RBI yesterday said it has identified 12 large More...

By Loknath Das On Tuesday, June 13th, 2017
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Bosses of Goldman Sachs and Citigroup drawn into hoax by email prankster

The bosses of Wall Street banks Goldman Sachs and Citigroup are the latest executives to fall victim to an email prankster who has also managed to connect with the head of Barclays and the governor of the Bank More...

By Loknath Das On Saturday, June 10th, 2017
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Government May Approve One More PSU Bank Consolidation By March

New Delhi: Enthused by the success of SBI merger, the Finance Ministry is considering clearing another such proposal in the public sector banking space by this fiscal end with a goal to create 4-5 global sized More...

By Loknath Das On Tuesday, June 6th, 2017
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States to waive USD 40 bln in farm loans by 2019 elections

With Maharashtra following Uttar Pradesh on farm loan waiver, a report by Bank of America Merrill Lynch today warned that USD 40 billion, equivalent to 2 per cent of GDP, will be written off in the run-up to 2019 More...

By Loknath Das On Friday, June 2nd, 2017
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Reliance Communications gets 7 months to service Rs 45,000-crore debt, to cut burden by 60%

Debt-laden Reliance Communications today said its lenders have agreed to a strategic restructuring plan under which it will get a 7-month standstill to service loans amounting to Rs 45,000 crore. In a damage control More...

By Loknath Das On Saturday, May 27th, 2017
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Income paid by cash in the bank hits record lows, may fall further

INTEREST rates paid on almost all types of savings accounts have dropped to record lows, increasing financial pressure on millions of retirees and first home savers. New Reserve Bank data shows that term deposits, More...

By Loknath Das On Wednesday, May 24th, 2017
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Euro soars to six-month high as currency is buoyed by strong data and hawkish comments

The euro currency leaped to a six-month high on Tuesday following strong production data and hawkish talk from European policymakers. Emmanuel Macron’s decisive victory in this month’s French presidential More...

By Loknath Das On Tuesday, May 23rd, 2017
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GST To Reduce Inflation By 2%: Revenue Secretary Hasmukh Adhia

Gulmarg: Inflation will fall by 2 per cent on implementation of the Goods and Services Tax (GST) and create buoyancy in the economy, Revenue Secretary Hasmukh Adhia has said. With the stage set for the biggest More...

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

May 22, 2017, 7:05 PM GMT+5:30 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 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...