The Reserve Bank of India (RBI) has taken strict action against Mumbai-based Mogaveera Cooperative Bank, citing regulatory concerns and its weakening financial condition. The central bank has imposed
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The Central Government has approved the Terms of Reference (ToR) for the 8th Pay Commission, paving the way for major revisions in salaries, pensions and allowances of around 55 lakh serving central g
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India's retail inflation rose to 3.93 per cent in May from 3.48 per cent in April, according to data released by the National Statistics Office (NSO) on Friday with experts attributing the rise to br
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The Indian equity benchmarks posted notable gains this week after two weeks of consecutive losses, over investor optimism about potential US-Iran peace agreement, and decline in Brent crude prices. N
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India's external sector has become significantly more resilient and the country's macroeconomic fundamentals are now better placed to withstand global shocks, according to Chief Economic Advisor (CEA
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There is 80 per cent likelihood of an El Nino event during the June–August period and probabilities for this, to continue until at least November, are near or above 90 per cent, according to a new rep
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