Looming inflation to dash rate cut prospects, says Assocham

Looming inflation to dash rate cut prospects, says Assocham

  New Delhi, Nov 26: Inflation would remain a key concern for the RBI and the government, dimming hopes of a cut in interest rates, industry body Assocham said today. The chamber observed that as uncertainty and apprehension loom over crude oil prices and vegetables, mainly on the back of rising retail prices of onion […]

Your PF account may soon attract lower interest rate for FY18

Your PF account may soon attract lower interest rate for FY18

New Delhi, Nov 26: The retirement fund body EPFO may lower interest rate on provident fund deposits this financial year compared to 8.65 per cent provided to its 4.5 crore members for 2016-17, a labour ministry official said. The Employees’ Provident Fund Organisation (EPFO) is likely to cut interest rate on the grounds that it […]

After creating bad loan monster, lenders now fear Insolvency clean-up

After creating bad loan monster, lenders now fear Insolvency clean-up

  New Delhi, Nov 24: The ordinance to amend the Insolvency and Bankruptcy Code (IBC) has got President’s nod. Wilful defaulters, people associated with non-performing assets, or those who are habitually non-compliant cannot bid for stressed assets. While the move to plug the loophole in the Insolvency law, which allowed promoters to re-purchase their stressed […]

After Rcom shuts down, Airtel may end up with its assets

After Rcom shuts down, Airtel may end up with its assets

  New Delhi, Nov 24: Even as the Anil Ambani-run Reliance Communications is slated to shut down its voice call service from December 1, telecom major Bharti Airtel may soon end up buying it’s priced assets. According to a report in The Economic Times, Bharti Airtel is looking to buy select spectrum and some equipment […]

Oil, gas PSU mergers exempt from CCI approval

New Delhi, Nov 23: Merger and acquisition deals involving public sector oil and gas companies have been exempted from seeking the Competition Commission approval, says a notification. The corporate affairs ministry’s decision to exempt such deals from the ambit of the Competition Commission of India (CCI) comes against the backdrop of the proposed consolidation and […]