Business

April 10, 2015 7:05 AM

EPFO suspends Rs 1,000 minimum monthly pension scheme

Retirement fund body, Employees' Provident Fund Organisation, EPFO has suspended the 1,000 rupees minimum monthly pension scheme from this month. The decision will hit about 32 lakh pensioners. The scheme was launched with effect from September 2014, hiking the pension amount to a flat 1,00...

April 10, 2015 7:03 AM

Moody's ups India's rating outlook; Fitch keeps it stable

Rating agency Moody's has raised India's credit outlook to positive, while Fitch projected faster growth, raising hopes for an upgrade in its sovereign rating in the next 12-18 months. India's sovereign rating by Moody's stands at 'Baa3', the low...

April 9, 2015 12:15 PM

Moody's upgrades India's rating outlook to positive

Rating agency Moody's has raised the rating outlook of India from stable to positive, saying there is an increasing probability that actions by policy makers will enhance the country's economic strength and, in turn, the sovereign's financial strength over coming years. Mo...

April 9, 2015 11:23 AM

Moody's upgrades India's rating outlook to positive

Rating agency Moody's has raised the rating outlook of India from stable to positive, saying there is an increasing probability that actions by policy makers will enhance the country's economic strength and, in turn, the sovereign's financial strength over coming years. Mo...

April 9, 2015 8:37 AM

SBI, ICICI bank, HDFC bank cut lending rates

Major Banks, including the State Bank of India, HDFC and ICICI have announced cut in their lending rates after RBI Governor Raghuram Rajan expressed strong disappointment over non-transmission of policy rates. India's biggest lender, the State Bank of India has lowered its base lending rate...

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