RBI opposes government panel’s suggestion to set up independent regulator for payment systems

The central bank said the move will lead to dual regulation.

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· Yesterday · 10:15 pm

Facebook hires former British deputy PM Nick Clegg to head global affairs and communications team

He will take over from Elliot Schrage and will report to Sheryl Sandberg, the company’s chief operating officer.

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· Yesterday · 08:35 pm

US Treasury Department report says India could be removed from currency monitoring list

India was put on the list of nations with potentially questionable foreign exchange policies in April alongside China, Germany, Japan, South Korea, Switzerland.

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· Oct 18, 2018 · 03:47 pm

Company law appellate tribunal stays all proceedings against IL&FS and its subsidiaries

It has asked the five largest creditors of the debt-laden firm to respond to the government’s request for a moratorium.

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· Oct 16, 2018 · 10:19 am

Sears, once the largest retailer in the United States, files for bankruptcy protection

The company had a $134-million payment due on Monday – a sum it could not afford.

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· Oct 15, 2018 · 12:08 pm

Rupee closes at record low of 74.39, Indian indices close lower after volatile trading session

The decline was a result of an increase in the price of international benchmark Brent crude and the strengthening of the dollar overseas.

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· Oct 09, 2018 · 02:42 pm

Vineet Nayyar appointed vice chairperson and managing director of debt-hit IL&FS

He played a key role in reviving the scam-tainted Satyam Computers.

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· Oct 05, 2018 · 08:04 am

Supreme Court allows ArcelorMittal and NuMetal to submit bids for Essar Steel after clearing dues

ArcelorMittal has to pay Rs 7,000 crore to Uttam Galva and KSS Petron.

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· Oct 04, 2018 · 04:21 pm

ICICI Bank CEO Chanda Kochhar steps down

Sandeep Bakshi has been appointed the private lender’s managing director and chief executive officer for five years.

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· Oct 04, 2018 · 02:30 pm

Reliance Communications seeks 60 more days to repay Rs 550 crore to Ericsson

The company blamed the Department of Telecommunications for creating hurdles in its attempt to sell spectrum to Jio, thereby delaying the Ericsson payments.

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· Oct 03, 2018 · 01:19 pm

Gita Gopinath appointed chief economist of International Monetary Fund

The India-born economist currently teaches at Harvard University and will succeed Maurice Obstfeld at the end of the year.

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· Oct 01, 2018 · 08:30 pm

‘Writing off bad loans is a regular banking exercise, doesn’t lead to any loan waiver’: Arun Jaitley

The Union minister’s comments came after a media report said 21 state-run banks had written-off Rs 3.16 lakh crore of loans between April 2014 and April 2018.

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· Oct 01, 2018 · 07:54 pm