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BBPS functions under the aegis of National Payments Corporation of India (NPCI).In a consumer friendly initiative, the RBIon Monday expanded the scope of Bharat Bill Payment System (BBPS) to cover all repetitive bill payments, which may…

SIP continued to be the preferred route for retail investors to invest in mutual fund as it helps them reduce market timing risk, the industry body noted.The mutual fund industry managed to garner Rs 8,231 crore through systematic…

Larry Culp, 55, is a proven leader known for his hands-on approach. He received a hero's welcome from Wall Street on Monday after suddenly being installed as GE's new boss. GE's (GE) beaten-down share price spiked 10%.Culp, who became…

Bond yields in the United States have been rising. But investors aren't freaking out. The Dow and S&P 500 both hit all-time highs last week -- and the Nasdaq is not far from a record, either. The 10-Year Treasury…

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SYDNEY (Reuters) - Global money managers and companies are rushing to meet a deadline to report on their carbon footprint, but the lack of a standard metric raises concerns their efforts could just be a box-ticking exercise in the…

Pacts between lenders and developers not to deter discounts to homebuyersTo help revive the ailing real-estate sector and give a further push to affordable housing where the government is placing a lot of thrust on, finance minister…

About 20% of all active credit-card customers in India are in the highest category of creditworthiness, according to TransUnion Cibil.Any financing that’s secured by collateral — steel mills, textile factories, power plants, roads or…

During times of uncertainty in markets, small stocks are more prone to heavy selling pressure. (File photo)Smallcap and midcap indices of the BSE have tumbled up to 15.42 per cent so far this fiscal, taking bigger hit when compared to…

The Goldman Sachs economics team "almost at times looks like the Democratic opposition," Hassett told CNN's Poppy Harlow on Tuesday.The comment came after Harlow asked Hassett about a Goldman Sachs research report warning that a 25% US…