Month: September 2019

Beijing announced it would impose the 5 per cent levies — the first ever Chinese tariffs on US oil — on August 23 and they took effect September 1.   … Read More

On August 30, Finance Minister Nirmala Sitharaman announced that PNB will be merged with Oriental Bank of Commerce (OBC) United Bank.   -NDTV Profit – Latest

The rupee opened higher at 71.85 against the greenback, and climbed to as high as 71.84 at one point by morning deals.   -NDTV Profit – Latest

Country’s video-on-demand market could grow to $5 billion by 2023 from $500 million last year, according to researcher Boston Consulting Group.   -NDTV Profit – Latest

Slower economic growth has made it harder for the government to improve tax collections and the boost from the central bank and assets sale program are unlikely to be repeated. … Read More

Slowing growth concerns pushed central banks across a group of 37 developing economies to deliver a net fourteen interest rate cuts last month – the largest since the financial crisis. … Read More

On Wednesday, the S&P BSE Sensex index and the broader NSE Nifty benchmark had ended 162 points (0.4 per cent) and 47 points (0.4 per cent) higher.   -NDTV Profit … Read More

The central bank has allowed the banks to choose one of the several benchmarks such as the RBI’s policy repo rate.   -NDTV Profit – Latest

Maruti Suzuki India Limited announced that it will stop production for two days on September 7 and 9 at its Gurugram and Manesar plants.   -NDTV Profit – Latest

The RBI said lenders would now have to link all new floating rate personal or retail loans and floating rate loans to MSMEs to an external benchmark.   -NDTV Profit … Read More