No Need To Panic, Indian Banking System Safe: RBI
Shares of private sector lender Yes Bank plummeted over 22 per cent, while RBL, IndusInd Bank, SBI, IDFC First and PNB fell up to 5 per cent on the NSE. … Read More
Month: October 2019
DHFL denies having link to HDIL, PMC Bank
DHFL said that its promoter family had separated from HDIL promoters in 2008. – Stocks-Markets-Economic Times
SBI Links Repo Rate With Floating Rate-Based Loans, Details Here
Repo rate is the key interest rate at which the RBI lends short-term funds to commercial banks. – NDTV Profit – Latest
Ford, Mahindra agree $275 million deal for India, emerging markets
Ford Motor Co and Mahindra & Mahindra will form a joint venture in India valued at $275 million to produce and sell vehicles in the country and export to emerging … Read More
Ryanair boss slams UK aviation regulator after Thomas Cook collapse
Ryanair boss Michael O’Leary slammed Britain’s aviation regulator on Tuesday, saying its soft licencing rules contributed to the chaos around Thomas Cook’s bankruptcy. – Reuters: Money News
GST collection falls to 19-month low in September
Collections from India’s nationwide goods and services tax (GST) fell to a 19-month low in September, data showed on Tuesday, increasing the risk of fiscal slippage at a time when … Read More
Opinion: How Government Should Tackle Shadow Banking Crisis
A year after the collapse of IL&FS Group, a specialist infrastructure financier, the crisis of confidence is getting worse. – NDTV Profit – Latest
Dollar powers to 29-month high, bonds turn choppy
The dollar climbed to a 29-month high on Tuesday as a blizzard of soft global data left the U.S. economy as the only one still looking reasonably healthy. – … Read More
Ryanair to ask Boeing to ‘eat’ any EU tariffs in jet trade war
The head of Ireland’s Ryanair on Tuesday urged the United States and European Union to pull back from a tariff war over aircraft subsidies and said he would ask Boeing … Read More
Credit Suisse clears Thiam over spying scandal, as right-hand man resigns
Credit Suisse cleared CEO Tidjane Thiam of ordering a surveillance of former wealth management head Iqbal Khan, but said his right-hand man has resigned over the botched spying case that … Read More