Abu Dhabi Investment Authority (ADIA), which is Sovereign wealth fund is in advance talks with Indian eyewear retailer Lenskart for an investment of up to $350 million to $400 million at a $4.5 billion valuation, as reported on Monday to a...

Extending the market trading timings to the pre-pandemic hours from 9 am to 5 am with effect from December 12, the Reserve Bank of India on Wednesday according to the timings for call/notice/term money market operations have been extended with new...

One of the main threats to the success of small businesses is the mismanagement of money. Financial health is critical for every business. As such, entrepreneurs need to master the art of money management. Proper money management ensures your...

For the first time, a retired official has been appointed as head of a state-owned Maharatna entity, with former Bharat Petroleum Corporation Ltd (BPCL) chief Arun Kumar Singh being selected as chairman of ONGC. Singh qualified for the position...

India's finance ministry has liberalised investment norms governing the deployment of surplus cash at state-owned companies, expanding the universe of approved debt plans beyond the current bailiwick of fixed-income investment schemes run...

Banks are seeking a level playing field on garnering funds as they believe they are placed at a disadvantage vis-a-vis mutual funds and insurers that offer tax breaks to customers. Ahead of the budget, banks have made representations to the...

Amid retail inflation showing signs of moderation, the Reserve Bank of India (RBI) may opt for a lower rate increase 35 bps in lending rates at its coming monetary policy review on Wednesday. The repo rate is the rate at which the RBI lends...

Private equity investors Carlyle Group and Advent have received conditional approval from the Reserve Bank of India (RBI) to each purchase a 9.99% stake in Yes Bank. Both private equity investors will infuse Rs 8,898.4 crore in combination with...

Banks have been warned by the Reserve Bank of India (RBI) against rising incidences of fraud in accounts related to the government's direct benefit transfer (DBT) programme and instructed to increase their vigilance and implement more rigorous...

In terms of additional card issuances during the holiday month of October, SBI Cards has surpassed HDFC Bank. In terms of new credit card additions in October, HDFC Bank, the nation's segment leader, fell to fourth place with fewer than...