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SBI sets up RIB Redemption Cell The State Bank of India has set up an RIB Redemption Cell to ensure smooth repayment of aboutRs 25,000 crore to investors of Resurgent India Bondsfrom October 1.The......

For Adani, magic happened after 2014: In LS Rahul links group's rise to Modi

A belligerent Rahul Gandhi on Tuesday led a blistering opposition attack in Lok Sabha over the Hindenburg report, claiming that the meteoric rise in Gautam Adani's fortunes happened after the......

Is Tamil Nadu the new Bihar?

If the people of Tamil Nadu stop deifying their leaders and start evaluating them more objectively, the political masters too may change their wayward behaviour, argues Sudhir Bisht. In the 1980s,......

FULL TEXT: 'Much of India that we dream of still lies ahead of us'

Prime Minister Narendra Modi on Thursday address Members of the British Parliament in London where he promised to open more doors of cooperation between the two countries and delved on issues like......

Moody's upgrades ratings on 11 Indian banks, FIs

After upgrading India's foreign currency debt rating, Moody's Investor Service on Wednesday upgraded the foreign currency deposit, debt and issuer ratings for 11 Indian banks and financial......

RBI not to cap surge in forex reserves

The Reserve Bank of India is not in favour of limiting the build-up of foreign exchange reserves, now at over $93 billion, as the country would require them for higher economic growth, Usha Thorat,......

NRIs ignore bank deposit carrot

Non-resident Indians seem to have ignored the attractive savings schemes floated by banks. Less than 20 per cent of the $5.185 billion (Rs 22,151.83 crore) redemption proceeds of the Resurgent......

New scheme to mobilise forex deposits from NRIs on cards

After a gap of more than a decade, the government may turn to India's diaspora to boost foreign exchange reserves. The government and the Reserve Bank of India (RBI) have started discussing the......