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The rule mandates that control of an airline always remain in Indian hands, one of several reasons global firms have been wary of bidding for Air India.The government is considering amending a rule to allow overseas control of local…

During the two months, banks have given Rs 72,985 crore to MSME sector while loans to corporates stood at Rs 2.2 lakh crore.As part of a government-mandated outreach programme, public sector banks have disbursed a record Rs 4.91 lakh…

 The decision in front of the Monetary Policy Committee (MPC), in our view, is whether to push for moderate easing or deep easing.Since the stance of the RBIis transparent, the market seems to have already priced in a cut of 25 basis…

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NEW YORK (Reuters) - First the bad news for your wallet: Americans are slated to spend more than they ever have this holiday season - around $730 billion in November and December, according to the National Retail Federation. FILE PHOTO:…

Fitch said the rating outlook for most Indian banks mirrors the stable outlook on India’s sovereign rating. (Reuters)Indian banks need an additional USD 7 billion (Rs 50,000 crore) equity by 2020-21 to support loan growth and cover for…

The Reserve Bank of India is expected to cut interest rates again this week, after Friday’s report that gross domestic product growth slowed to 4.5% in the September quarter.HDFC BankLtd., India’s most valuable lender by market…

To further boost the investments, the government is considering doing away with multiple taxes such as LTCG, DDT, STT, etc, and may move to a single-tax structure on equity investments.The foreign portfolio investors are gradually…

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NEW YORK (Reuters) - Harris Rosen has a chain of eight hotels bearing his name in the Orlando area, but he makes most of his headlines these days for giving away his fortune. Harris Rosen joins children at Give Kids the World national…