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Finance News
Sensex gains 314 points to end near 2-week high
Benchmark share indices ended over 1% higher with state-owned banks rallying the most amid reports that the…
Treat gold deposits as part of CRR/SLR: SBI chairman
“Is it possible that the regulator can treat a little bit of our gold deposits as CRR or SLR?
Two large Indian…
India second in terms of debit card frauds:
A global fraud study of more than 6,100 consumers across 20 countries revealed that one in four consumers is a…
Deadline for FIs to register under US tax compliance act pushed to Dec
Indian financial institutions now have time till the end of this year to register with US tax authorities to comply…
April-May fiscal deficit at $40.05 bn
India's fiscal deficit in the first two months of the 2014/15 financial year touched 2,408.37 billion rupees…
Cipla to buy 51% stake in Yemen-based distributor for $21 mn
Cipla Ltd has signed a definitive agreement to acquire a 51% stake in a pharmaceuticals manufacturing and…
RBI BI-Annual Financial Stability Report
The central bank predicts that gross non-performing assets (NPAs) of lenders will remain steady at 4-4.1% by the…
Nifty ends above 7,500 amid choppy trade
Benchmark indices ended flat, amid a choppy trading session, as investors turned cautious on concerns that the weak…
BNP may face one-year ban on processing some dollar payments
BNP Paribas is likely to be suspended for converting foreign currencies to dollars on behalf of clients in some…
China finds $15 bn of loans backed by falsified gold trades
China's chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions,…