IL&FS To Sell Majority Stake In Finacial Arm To Pay-Off Debt And Avoid Bankruptcy

| Friday, September 21, 2018, 21:08 [IST]

The infrastructure major IL&FS, which has landed in an unprecedented financial crisis, in order to avert it to a degree and possibly avoid its bankruptcy has appointed SBI Capital to find a majority stake investor in company's wholly owned financial services ...

Gold Prices Gain Amid Stronger Dollar For The First Time In 4 Weeks

| Friday, September 21, 2018, 19:06 [IST]

Even as the dollar firmed up in trade due to escalating trade war tensions between the US and China where both the parties have decide to impose fresh tariffs on each other's goods, gold has gained in price for the first ...

Natural Gas Prices May Be Hiked To Highest Level In 3 Years During Oct-March Period

| Friday, September 21, 2018, 18:28 [IST]

As per the new pricing norms, the price for domestically produced gas is fixed and revised every six months. And after the earlier hike, as per the leading industry experts and analyst estimates, the hike for the October-March will be the ...

NRIs And Withholding Tax Implications On Income Received In India

| Friday, September 21, 2018, 16:06 [IST]

An individual is taxed basis the tax slab he or she falls in, besides the residential status of the concerned also holds great importance. In India, residential status as per Income tax laws is decided by the provisions defined for the ...

What Is Credit Rating? What IL&FS Rating Downgrades Mean For Its Investors?

| Friday, September 21, 2018, 12:07 [IST]

Credit rating is an analysis done in respect of different financial instruments, companies and even countries at large. Various agencies for the purpose referred as credit rating agencies conduct an assessment of the financial position of the firm or better associated ...

Yes Bank Nosedives 30% After RBI Limits Rana Kapoor's Term

| Friday, September 21, 2018, 09:54 [IST]

Yes Bank, the promoter-run private sector lender, in Friday's early morning trade today has reached a day's low of Rs. 210.10, declining huge 30% from Wednesday's close of Rs. 318.50. On Thursday, stock markets were closed on account of Muharram. {image-yesbank-1537503732.jpg ...

Will Shares Of Yes Bank Plunge On Kapoor's Term Announcement Until Jan-end?

| Thursday, September 20, 2018, 13:34 [IST]

On Wednesday, RBI announced that incumbent Rana Kapoor will have to step down from his position as Yes Bank's CEO and MD from February 1, 2019. In a stock exchange filing, the private-sector lender late Wednesday said, "RBI has intimated that ...

Govt Mulls Over Merging PNB, OBC And Andhra Bank: Report

| Thursday, September 20, 2018, 12:02 [IST]

As per the report by leading daily, after announcing the merger of 3 state-run banks namely BOB, Vijaya and Dena Bank, government by the end of this year is likely to announce another PSU Bank merger. This time the ...

Small Saving Scheme Rates Hiked; PPF, NSC To Fetch 8% And SCSS 8.7%

| Thursday, September 20, 2018, 11:29 [IST]

The rates on small-saving schemes in correspondence with the benchmark 10-year bond yield have been increased for the quarter October to December. According to a circular issued by the Finance Ministry on September 19, the interest rates on various ...