India to be fastest growing economy among G-20 nations: Moody's

International rating agency Moody's Investors Service has predicted that India will be the fastest growing economy among G-20 countries clocking a 7.1 per cent growth in year 2017. In the report titled 'Modest Acceleration in the Global Economy, Moody said, Indian economy will be t...

ATM fake notes row: Cash custodian from SBI bank arrested

A 27-year-old man was arrested in connection with a case in southeast Delhi's Sangam Vihar area where a SBI ATM had allegedly dispensed four notes of 2,000 rupee denomination with Children Bank Of India written on them. Romil Baaniya, DCP Southeast said, that the accused is identified as Mo...

SBI to merge with associates from April 1

In the largest consolidation exercise in the banking history of India, all the five associate banks will merge with State Bank of India, SBI, from the first of April. The bank said in a regulatory filing that the assets of State Bank of Bikaner and Jaipur, State Bank of Mysore, State Bank of Travanc...

Sensex crosses 29,000-mark

The benchmark BSE Sensex climbed 83 points in late morning trade today. It was trading at 28,948 a short while ago. Similarly the NSE Nifty was also trading higher by 27 points at 8,954.

Indian digital payments market to reach $500 bn by 2020

Digital payments industry in India is expected to reach 500 billion US dollars by 2020, with over 50 per cent of Internet users in the country will be using it by then. The report by global telecom body GSM Association and Boston Consulting Group (BCG) said that more than 50 per cent of India&ap...

Economic activity to pick up in Q4 due to faster remonetisation: RBI Governor

RBI Governor Dr. Urjit Patel expects that economic activity to pick up in this last quarter because of faster remonetisation and return of discretionary consumer demand. In a statement made during the Monetary Policy Committee meeting earlier this month, Dr. Patel further said that data from corpora...

Fake notes: SBI suspects involvement of miscreant, probe under way

India's GDP projected to slow to 6.6% due to demonetisation Strains: IMF

India's growth is projected to slow to 6(point)6 per cent in 2016-17 fiscal due to the strains that have emerged in the economy as a result of temporary disruptions caused by demonetisation. In its annual report, however, the International Monetary Fund said demonetisation would have only s...

Venkaiah Naidu urges real estate developers to take up affordable housing projects in big way

Urban Development Minister M Venkaiah Naidu has urged real estate developers to take up affordable housing projects in a big way. Addressing a conference on Real Estate Sector-Post Remonetisation in New Delhi yesterday. Mr Naidu said, the future of real estate sector is in affordable housing. He sai...

Sensex slips 52 points<br/>

Benchmark Sensex slipped 52 points in late morning trade on bouts of profit-booking in key telecom, FMCG, auto and realty stocks ahead of derivatives expiry on Thursday.The NSE 50-share Nifty was also trading marginally lower by 6 points at 8,873.