The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Photograph: Francis Mascarenhas/Reuters Cheques will be scanned, presented,
State-owned Oil and Natural Gas Corporation (ONGC) has reported a 10 per cent decline in its June quarter net profit on lower oil prices and stagnant production from its aging fields. Photograph: Amit Dave/Reuters The company reported a net profit
Ashish Gupta, Chief Investment Officer at Axis Asset Management that manages funds worth nearly $196 million, continues to favour real estate, capital goods, healthcare, hospitality, and travel sectors, while keeping a close watch on earnings growth and nominal gross domestic
Indian stock markets ended higher on August 13, driven by a favorable US inflation report that increased the likelihood of a Fed interest rate cut. Both Nifty 50 and Sensex posted gains, while falling oil prices and geopolitical developments bolstered
In the past 10 years, over 500 PSB officers have died by suicide.When targets are overwhelming, senior management and customers are both impatient, and there is constant fear.Not every banker has the resilience to survive and thrive, warns Tamal Bandyopadhyay.
The Ambani family, headed by billionaire Mukesh Ambani, possesses a wealth of Rs 28 lakh crore, more than double that of the Adani family at Rs 14.01 lakh crore, a report said on Tuesday. Photograph: PTI Photo from the Rediff
From stock rewards to mega salaries, a look at the highest-paid leaders in India’s IT sector for FY25. Source link
The US’s recent 50 per cent tariff on Indian exports will have a trickledown effect on India’s affordable housing, potentially derailing demand as well as supply in this segment, according to experts. Illustration: Dominic Xavier/Rediff Pointing to worker incomes and
Sensex Today | Stock Market Highlights: The Sensex fell 368 points to close at 80,236, while the Nifty declined 98 points to 24,487. The Nifty Bank index dropped 467 points, or 1%, to 55,044, while the Nifty Midcap index slipped
A day after rising almost by a per cent, Indian stock market resumed its downward march on Tuesday, August 12, on losses led by heavyweights, including HDFC Bank, ICICI Bank and Reliance Industries. The Sensex ended the day at 80,235.59,
