This week in banking: Cash remains the king post demonetisation, says RBI
Whether demonetisation was a success or failure, today, cash remains the king as there is more of it in the economy than there was on November 8, 2016. Indian households are saving more now, a large part being More...
Companies must let customers cancel subscriptions online, California law says
Subscription services for news, food and beauty products have to make cancelations clear and straightforward, a new California law says. A California law that went into effect July 1 is aimed at making it easier More...
Government Collects Rs. 7.41 Lakh Crore From GST In FY18, Says Finance Ministry
New Delhi: The government mobilised Rs. 7.41 lakh crore from the Goods and Services Tax (GST) during 2017-18, according to the finance ministry. The government rolled out the GST regime from July 1 last year. More...
Banking royal commission: AMP executive says company put profits before the law
AMP’s head of financial advice, Anthony Regan, said there were reasons to be concerned about the company’s internal culture while appearing before the banking royal commission. Photograph: AAP AMP’s head More...
Banks Set To Raise Lending Rates, Pre-Empting RBI, Says Report
New Delhi/Mumbai: India’s struggling economy is facing a new challenge: banks are raising interest rates even though the Reserve bank of India (RBI) is leaving its rates unchanged, as risks such as surging More...
Honor 7X Now Being Manufactured in India, Says Huawei
Chinese electronics giant Huawei on Wednesday announced that it has started manufacturing its mid-priced segment device Honor 7X at a facility in Tamil Nadu, in line with its commitment towards the ‘Make More...
Strengthening Public Sector Banks Is Top Priority, Says Arun Jaitley
New Delhi: Having implemented the Goods and Services Tax (GST), Finance Minister Arun Jaitley today said strengthening the public sector banks is most important agenda for the next year. “There are important More...
Probing windshield cracks on Air India Dreamliners, says Boeing
Aerospace manufacturer Boeing is examining the issue of windshield cracks on its 787 Dreamliners after Air India witnessed three such incidents in the recent past. Earlier this month, a Delhi-Kolkata plane was More...
Keeping a close watch on petrol and diesel prices, says Pradhan
Oil minister Dharmendra Pradhan remained non-committal on Thursday on cutting excise duty on petrol and diesel, which have touched record highs, saying the government was keeping a close watch on the situation. Petrol More...
Organised Gold Loan Industry To Touch Rs. 3.1 Lakh Crore By Fiscal 2020, Says Report
Since gold loans are securitised, lenders can recoup the full principal amount if the borrower defaults New Delhi: India’s organised gold loan industry could touch Rs. 3.1 lakh crore by 2019-20 as the More...