Seven NBFCs surrender licences, RBI bars four others<br/>

Reserve Bank of India said that seven Maharashtra-based Non Banking Financial Institutions -NBFCs have surrendered their registration certificates following which they won&apos;t be allowed to transact their financial business. Moreover, RBI has also said that it has cancelled registration certi...

RBI to issue Rs 1000 banknotes with inset letter R

Reserve Bank of India will shortly issue banknotes of 1000 rupees denominations with inset letter &apos;R&apos; in both the number panels. In a release, RBI said that the banknotes will also have on the obverse, all the other security features, including ascending size of numerals, bleed lin...

Seven NBFCs surrender licences, RBI bars four others<br/>

Reserve Bank of India today said that seven Maharashtra-based Non Banking Financial Institutions -NBFCs have surrendered their registration certificates following which they won&apos;t be allowed to transact their financial business. Moreover, RBI has also said that it has cancelled registration...

China records fall in exports and imports

China&apos;s exports and imports fell more than expected in April, customs data showed, the latest sign of weakness in the world&apos;s second largest economy. In the January to April period, exports dropped 2.1 per cent year on year; while imports went down 7.5 per cent, leading to a trade ...

Delhi HC seeks IT dept's response on Vodafone's plea

Delhi High Court on Monday sought the Income Tax department&apos;s response on Vodafone&apos;s plea challenging an order directing special audit of its accounts for assessment year 2012-13.A bench of Justices S Muralidhar and Vibhu Bakhru issued notice to the IT department and asked it to fi...

China records fall in exports and imports

China&apos;s exports and imports fell more than expected in April, customs data showed today, the latest sign of weakness in the world&apos;s second largest economy. In the January to April period, exports dropped 2.1 per cent year on year; while imports went down 7.5 per cent, leading to a ...

RBI to make list of wilful defaulters public, says Raghuram Rajan

Iranian Oil Minister rules out participation in oil output freeze action

Iran Oil Minister Bijan Namdar Zangeneh said that Tehran will not accept any plan entailing freezing of oil production. He said that Iran got the opportunity to resume oil trade since it reached an agreement with leading world powers, according to which it pledged to guarantee the peaceful nature of...

China must turn off taps of credit-driven growth: official newspaper

China must turn off the taps of credit-driven growth to avoid a financial system crisis in the face of rising bad loans and other risks, the Communist Party&apos;s official mouthpiece newspaper said on Monday. Citing an unnamed &quot;authoritative&quot; source, the People&apos;s Dail...

Delhi HC seeks IT dept's response on Vodafone's plea

Delhi High Court on Monday sought the Income Tax department&apos;s response on Vodafone&apos;s plea challenging an order directing special audit of its accounts for assessment year 2012-13.A bench of Justices S Muralidhar and Vibhu Bakhru issued notice to the IT department and asked it to fi...