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NEWS
Saudi Aramco raises $25.6 billion in world’s biggest IPO
Fri, Dec 06, 2019     Source : Mint
Saudi Aramco raised $25.6 billion from the world’s biggest initial public offering, closing a deal that became synonymous with the kingdom’s controversial crown prince and his plans to reshape the oil-rich...
NEWS
It’s over to FM Sitharaman now as RBI hits pause on policy rate cuts
Fri, Dec 06, 2019     Source : Mint
In a surprise move, the monetary policy committee (MPC) of the Reserve Bank of India (RBI) stood pat on policy rates on Thursday, as it waited for the full pass-through of past policy rate reductions.
NEWS
After Karvy fiasco, brokerages reach out to investors, issue PoA advisories
Fri, Dec 06, 2019     Source : Business Standard
Karvy is alleged to have gone beyond by using its client securities to raise money for its other businesses, including real estate
NEWS
NSE launches Nifty Bharat Bond Index series
Fri, Dec 06, 2019     Source : Mint
The National Stock Exchange on Thursday launched Nifty Bharat Bond Index series, which will track a portfolio of AAA-rated bonds issued by government entities.
NEWS
5% GST slab may be increased to 6%: Panel considering ways to boost revenue
Fri, Dec 06, 2019     Source : Business Standard
The panel is also looking at bringing under GST items like foodgrains that faced either value-added tax or purchase tax
NEWS
RBI revises inflation projection upwards in view of rising food prices
Fri, Dec 06, 2019     Source : Economic Times
Following the slide in economic growth to 4.5 per cent the last quarter — the worst numbers in more than six and half years — the RBI was expected to further cut policy rates, but ended up holding the repo...
NEWS
Central Government Employee? No Pension after resignation when VRS is denied – SC
Fri, Dec 06, 2019     Source : Financial Express
Central Government Employee Pension After Resignation Rules: As per the Central Civil Service rules, an employee cannot claim pension after resigning from job.
NEWS
RBI investigating 'net banking' breakdown at HDFC Bank
Fri, Dec 06, 2019     Source : Economic Times
Following the outage, several HDFC customers unable to access their salary accounts to make bill payments.
NEWS
Fixed deposit holders of debt-laden DHFL asked to submit claims by Dec 17
Fri, Dec 06, 2019     Source : Business Standard
As of July 6, the company had public deposits worth Rs 6,188 crore
NEWS
Expect loan, deposit rates to go down, despite RBI pause
Fri, Dec 06, 2019     Source : Mint
Though the Reserve Bank of India (RBI) decided to keep policy rates unchanged in its fifth bi-monthly monetary policy meeting, borrowers can expect banks to marginally lower the interest rates on loans as ...
NEWS
Soon, new instrument linked to your bank account for digital payments
Fri, Dec 06, 2019     Source : Mint
To further facilitate the usage prepaid payment instruments (PPI), the Reserve Bank of India or RBI today proposed introduction of a new type of PPI which can be used only for purchase of goods and service...
NEWS
Maharashtra mulls merging PMC Bank with MSC Bank
Fri, Dec 06, 2019     Source : Business Line
In a bid to provide relief to depositors, the Maharashtra government is exploring the possibility of merging Punjab & Maharashtra Cooperative (PMC) Bank with Maharashtra State Cooperative (MSC) Bank.
NEWS
Donald Trump says ‘will win’ impeachment fight
Fri, Dec 06, 2019     Source : Financial Express
Speaker Nancy Pelosi earlier asked her party to draft articles of impeachment based on allegations that Trump abused his office by pressuring Ukraine into a scheme to embarrass one of his main opponents fo...
NEWS
Wall Street dips on lack of fresh update on trade talks
Fri, Dec 06, 2019     Source : Economic Times
The three main stock indexes opened higher, extending gains from the previous session, but lost steam in the first hour of trading.
NEWS
DHFL: RBI retains its 3-member advisory panel
Thu, Dec 05, 2019     Source : Economic Times
On November 22, the central bank had constituted a three-member advisory committee.
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