Last Updated: 18 Jun 2019 08:08 AM

India Top Stories

Times of India

  • Financial stability key for monetary policy: Das

    Financial stability has emerged as a key consideration for monetary policy formulation in the post-2008 financial crisis world beyond the imperatives of inflation and growth, Reserve Bank Governor Shaktikanta Das said Monday. A healthy financial sector is a pre-requisite to improve growth prospects, he said.

  • Banks give up on Jet, choose to send it to NCLT

    State Bank of India-led consortium of lenders on Monday decided to send the grounded Jet Airways to the National Company Law of Tribunal as they have not yet received any concrete proposal for the airline. The decision was taken after a meeting of the lenders. The airline, which was grounded on April 17, owes Rs 8.74 cr to Shaman Wheels and Rs 53 lakh to Gaggar.

  • Investors poorer by over Rs 2L cr as markets fall

    Investor wealth eroded by over Rs 2 lakh crore on Monday after the BSE benchmark index tanked over 491 points following weak sentiments in the broader market. Led by the selling in equity market, the market capitalisation of BSE-listed companies dropped by Rs 2,00,258.81 crore to Rs 1,50,09,329.19 crore.

  • Sensex plunges 491 points; Nifty ends below 11,700

    Equity indices on Monday finished in red amid fears of trade war as India slapped higher tariffs on certain US products in retaliation to Washingtion's decision to remove certain trade priviledges for the country.

  • RCap sells 10.75% stake in RNAM for Rs 1,450 cr

    Reliance Capital on Monday said it has sold 10.75 per cent in Reliance Nippon Life Asset Management Ltd (RNAM) for over Rs 1,450 crore. In two successive offers, Reliance Capital has sold 10.75 per cent of its shareholding in RNAM, aggregating over Rs 1,450 crore and has achieved the minimum public shareholding of 25 per cent in RNAM by reducing the promoter stake, the company said in a statement.

The Economic Times