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The RBI’s recent circular has mandated the banks to link all the floating loans to retail customers and MSMEs to an external benchmark from October 1.Even as RBImade it mandatory for banks to link all floating loans to external…

Coal India shares were the biggest gainers in Nifty PSE Index ending 7.3% higher at Rs 195.45 on NSE.PSU stocks ONGC, Coal India, BPCL, IOC ended up to 7% higher on Thursday even as the headline indices Sensex and Nifty saw another tepid…

Barely 24 hours after Culp became CEO, S&P Global Ratings downgraded the credit ratings of GE (GE) and GE Capital. Moody's and Fitch warned they could do the same.All three ratings firms cited GE's elevated leverage and shrinking…

CEOs are using the market boom to quietly cash in their own chips. Insiders at US companies have dumped $5.7 billion of stock this month, the highest in any September over the past decade, according to an analysis of…

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(Reuters) - Driver Management Company LLC, an activist investor focused on U.S. banks, renewed calls on Wednesday for First United Corp (FUNC.O), the holding company for Maryland community bank First United Bank & Trust, to sell…

The minister announced of generating 50 lakh jobs in the Khadi sector.The Narendra Modigovernment has been holding meetings with Asian Development Bank, World Bank, and German state-owned development bank KfW for access to low-cost…

Nearly half of Rs 4.1 lakh crore of stressed assets are part of power, infrastructure and steel sectors put together.Even as gross non-performing assets (NPAs) are expected to come down marginally by end of ongoing fiscal, assets over Rs…

India’s largest bank State Bank of India (SBI) holds 74 per cent stake in the SBI Card and the rest is held by Carlyle GroupSBI Card has initiated the process for an initial share sale and the decision on when to come out with the offer…

The company announced on Tuesday that Soltau will take over as its chief executive beginning on October 15. JCPenney has been leaderless since Marvin Ellison left in May to take the top job at Lowe's.Soltau, 51, will be the 25th woman…