Day 18 FM Radio Phase III auctions: 94 channels provisionally win bidding

On the 18th day of e-auction of third phase of FM Radio, 94 channels spread over 56 cities, provisionally won the bidding. The auction fetched cumulative price of around 1,123 crore rupees against the aggregate reserve price of about 459 crore rupees. So far, 72 rounds of bidding are over.The first ...

RBI grants 'in-principle' approval to 11 payment banks applicants

Gold up by Rs 25 to Rs 26,335 per ten grams

Rising for the tenth straight day, gold gained 25 rupees, to 26,335 rupees per ten grams at Delhi's bullion market, on sustained buying by jewelers, and a firm global trend. But silver slumped 650 rupees, to 35,300 rupees per kilo. Silver coins remained steady, at 50,000 rupees for buying 1...

Govt advances Budget 2016-17 preparation by over 2 months

Finance Ministry has advanced the budget formulation exercise by over two months for the financial year 2016-17. In an official release, the Ministry said, in consonance with the objective of the government to have wider consultations with various stakeholders as well as to provide more time for pla...

Moody's lowers India growth forecast to 7% on monsoon concerns

Rating agency Moody's Investors Service decreased India's growth forecast to 7 per cent for 2015, from 7.5 per cent forecasted earlier, citing monsoon concerns. Moody's Investors Service said in its "Global Macro Outlook for 2015-16" that it have revised ...

SBI launches mobile wallet app 'Buddy'

State Bank of India has launch a mobile wallet application, SBI Buddy, in collaboration with Accenture and Mastercard. The service will be available to existing as well as non-SBI customers. Launching the M- wallet app at State Bank Bhavan in Mumbai Finance Minister Arun Jaitley said that it would f...

SBI launches mobile wallet app 'Buddy'

State Bank of India today launched a mobile wallet application, SBI Buddy, in collaboration with Accenture and Mastercard. The service will be available to existing as well as non-SBI customers. Launching the M- wallet app at State Bank Bhavan in Mumbai Finance Minister Arun Jaitley today said that ...

SBI launches mobile wallet app 'Buddy'

BSE sets up new system for reporting suspicious trades

To check money laundering through stock markets, stock exchange BSE has asked its members to report on a monthly basis details of the STRs (Suspicious Transaction Reports) submitted to the government's Financial Intelligence Unit (FIU). Asking the members to ensure compliance at the earlies...

Govt advances Budget 2016-17 preparation by over 2 months

Finance Ministry has advanced the budget formulation exercise by over two months for the financial year 2016-17. In an official release, the Ministry yesterday said, in consonance with the objective of the government to have wider consultations with various stakeholders as well as to provide more ti...