Business Economy

Stocks tumble on U.S.-China trade spat

The escalation of U.S.-China trade war cast its dark spell on Indian equity markets with key indices plunging in line with the global stock markets. The S&P Nifty witnessed the longest losing streak in over 8 years and on Monday closed with a loss 130.70 points or down 1.16% at 11,148.20, below the psychological mark […]

Business Economy

Bank credit grows 13.2% in FY19

Bank credit grew by 13.2% in financial year 2018-19 as compared to 10.3% in the previous financial year, mainly aided by loans to services and retail sector. Deposit growth also gained momentum, growing by 10% as compared to 6.7% a year ago. “We have to be a bit careful while looking at this data because […]

Business Economy

Indices slump for sixth straight session

Indian benchmark equity indices lost ground for the sixth consecutive session on Wednesday as a mix of global and domestic factors made investors jittery even as foreign investors turned net sellers in the last few trading sessions. On the global front, the escalation of U.S.-China trade war has led to a selling spree across equity […]

Business Economy

UiPath bets on India for talent, technology

UiPath, the Bucharest-based robotics process automation (RPA) firm that recently raised $568 million funding at a valuation of $7 billion, said it would design and develop some of its key products for global markets from India. The company also has a mandate to train more than a million students and techies around the globe, including […]

Business Economy

Sensex tumbles for fifth session in a row

The last hour of the trading session saw the Indian benchmark indices lose ground on Tuesday as weak global cues and the recent rally in the markets saw investors squaring off positions in index heavyweights. The 30-share Sensex, which gained over 230 points intra day, finally settled at 38,276.63, down 323.71 points, or 0.84%. Incidentally, […]

Business Economy

RBI raises cap on home loans by SFBs, RRBs

The Reserve Bank of India (RBI) has increased the eligibility cap on home loans extended by regional rural banks and small finance banks to ₹35 lakh in metropolitan areas and ₹25 lakh in other centres, provided the overall cost of the dwelling unit in the metropolitan centres and other centres does not exceed ₹45 lakh […]