Extra MPC meet likely, RBI may hold rates in Feb

The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) is likely to hold a consultation before its next bimonthly meet in February, given the surge in inflation beyond the…

RBI economist becomes dy guv after 28 years

The government has appointed Michael Debabrata Patra as deputy governor of the Reserve Bank of India in charge of monetary policy in place of Viral Acharya who stepped down in…

CCI to probe Amazon, Flipkart for deep discounting

The Competition Commission of India (CCI) on Monday ordered an investigation into alleged violations of competition law by India’s largest online retailers Amazon and Flipkart. The allegations include exclusive launch…

Slowdown may hurt job creation: SBI

The economic slowdown may take a toll on job creation, with around 74 lakh new additions to the payroll during the current financial year, compared to nearly 90 lakh in…

India to hand data Americans can only dream of

India has more than 560 million internet users, all generating data by the terabyte. Soon they’ll have an unprecedented amount of control over their digital financial footprints, with the ability…

Up to 24% defaulters had safe credit rating

Nearly a fourth of borrowers who defaulted to banks carried an investment grade credit rating up to a quarter before they defaulted, according to a report published in the Reserve…

IndiGo opens first global call centre in China

To tap the booming Chinese market, IndiGo airlines has opened its first international call centre comprising six employees at Guangzhou in China to cater to queries from passengers that speak…

Lens on motor covers may aid buyers

The dynamics of motor insurance in India is set to change with the insurance regulator taking a tough stance on auto companies controlling insurance distribution through broking firms.

US eases curbs on flights, India may do so too

The US Federal Aviation Administration (FAA) on Friday relaxed its ban on American airlines from overflying the airspace of Persian Gulf and Gulf of Oman. It has now permitted US…

Govt must focus on economy: Economist Roubini

American economist Nouriel Roubini has indicated that the government should focus on economic issues, warning that there could be a loss of popularity if the economy goes down. He noted…