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The Economic Times: Latest business, finance, markets, stocks, company news from India.



Last Build Date: Sat, 03 Dec 2016 06:28:22 GMT

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Rs 2.5 lakh crore won't come back into banking system: SBI

Fri, 02 Dec 2016 16:13:15 GMT

(image) SBI noted that going by data as on November 9, the amount of high currency denomination notes was Rs 15.44 lakh crore.



Demonetisation will destroy 12% of black economy: India Ratings

Thu, 01 Dec 2016 17:24:17 GMT

(image) India Ratings said, the cash squeeze has reduced sales in the informal sector by 30%-40% during the first fortnight following the de-legalisation.



Borrowers in Maharashtra, MP and UP stop repaying MFI loans on waiver rumour

Thu, 01 Dec 2016 15:06:35 GMT

(image) A recent Reserve Bank of India direction giving additional 60 days relaxation on asset classification norms to these lenders has also aggravated the confusion.



Demonetisation: NHAI forgoes toll worth about Rs 1,238 crore

Thu, 01 Dec 2016 13:59:51 GMT

(image) Radhakrishnan said: "Government will suitably compensate the toll operators for loss incurred due to suspension of fee collection."



JSW infra plans to sell 10 per cent stake: CEO Capt BVJK Sharma

Wed, 30 Nov 2016 19:23:08 GMT

(image) JSW Infrastructure, which expects to handle 80 million tonne cargo at its port by the end of this year, is valuing the business at Rs 10,000 crore.



Idea Money’s wallets get fatter on load surge

Wed, 30 Nov 2016 19:16:44 GMT

(image) Not only has the usage of its wallet jumped dramatically, Idea Money is also seeing a surge in money being loaded into the wallet by customers via debit cards and internet banking.



Banks not accepting pre-2005 Rs 1,000 notes

Wed, 30 Nov 2016 15:55:53 GMT

(image) Arjun Sharma, a businessman in east Delhi, told IANS that his 25 pre-2005 Rs 1,000 notes were returned by the State Bank of India at Krishna Nagar in east Delhi on Wednesday.



Common service centres to assist merchants in digital payments

Wed, 30 Nov 2016 13:57:44 GMT

(image) The project would reach out to each of the 250,000 Gram Panchayats across the country through 200,000 CSCs which are operational across rural urban locations



Fertiliser subsidy arrear seen at Rs 40,000 crore by next March

Tue, 29 Nov 2016 12:29:14 GMT

(image) The government sets the maximum retail price of urea. The difference between the cost of production and the retail price is reimbursed to manufacturers as subsidy.



Sundaram BNP Paribas to revise interest rates

Tue, 29 Nov 2016 09:49:01 GMT

(image) Interest rates for individuals other than senior citizens has been revised to 7.25 per cent on two and three year deposits from existing 7.75 per cent.



Government likely to meet next year's 3% fiscal deficit goal: BofA-ML

Tue, 29 Nov 2016 08:45:33 GMT

(image) "This supports our call that PSU bank capitalisation risks are overdone, as Delhi has every incentive to capitalise to step up loan supply and growth," the report said.



Morgan Stanley lowers India’s growth forecast by 40 bps to 7.3% for FY’17

Mon, 28 Nov 2016 15:21:34 GMT

(image) Demonetisation woes result in repercussions. Morgan Stanley lowers India’s growth forecast by 40 bps to 7.3% for FY’17.



Total premium of insurance industry may reach Rs 26 trillion by 2020: Report

Mon, 28 Nov 2016 12:10:25 GMT

(image) The CII-KPMG report, which was unveiled here, also said that the country is yet to traverse the path of insurance distribution through extensive use of digital channels.



Utkarsh Micro Finance gets final nod to set up Small Finance Bank

Mon, 28 Nov 2016 11:08:20 GMT

(image) Incorporated in 2009, Utkarsh Micro Finance is among the top 10 micro finance company in the country with operations in 10 states.



CRR hike necessary to manage excess liquidity: Shaktikanta Das, DEA Secretary

Mon, 28 Nov 2016 10:57:19 GMT

(image) Its impact was also being felt in the currency market and some quantum of outflow of FII and other investments could not have been ruled out, he said.