North Korea warns US sanctions may ‘block path to denuclearisation’

The statement by the policy research director of the Institute for American Studies of the foreign ministry accused the US of “deliberate provocation” over the sanctions on the three officials. North Korea has condemned the US over its latest sanctions measures, warning the policy could “block the path to denuclearisation on the Korean peninsula forever”. …

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Rajasthan, Madhya Pradesh, Chhattisgarh CM oath ceremony Live Updates: Ashok Gehlot, Kamal Nath, Bhupesh Baghel to be sworn in; Rahul Gandhi to attend

Rajasthan, Madhya Pradesh, Chhattisgarh CM oath ceremony Live Updates: Ashok Gehlot, Kamal Nath and Bhupesh Baghel Rajasthan, Madhya Pradesh, Chhattisgarh CM oath ceremony Live Updates: Rajasthan, Madhya Pradesh and Chhattisgarh will officially get new chief ministers today as Ashok Gehlot, Kamal Nath and Bhupesh Baghel will take oath as Chief Ministers state capitals–Jaipur, Bhopal and …

Rajasthan, Madhya Pradesh, Chhattisgarh CM oath ceremony Live Updates: Ashok Gehlot, Kamal Nath, Bhupesh Baghel to be sworn in; Rahul Gandhi to attend Read More »

What to expect if your bank goes for a merger

Be prepared for small changes after merger and trust your bank to communicate them to you when the time comes. Photo: iStock While “mergers and acquisitions”are fairly commonplace in the corporate world, they rarely impact you on a daily basis. But what if your bank  undergoes a merger? The customers of Dena Bank, Vijaya Bank …

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Should NBFCs also use external benchmarks for home loan rates?

Photo: iStock Won’t work for both banks and NBFCs An HFC raises funds from various sources and incurs certain cost on the borrowed funds. This cost depends on market rates, among other factors. For instance, the recent liquidity crisis pushed the cost of borrowing by 1-1.50% with no change in market factors. External benchmarks like …

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Farm loan waivers: Why they don’t make sense

Some of the newly elected state governments are set to announce farm loan waivers even as those that unveiled them earlier struggle with implementation. Ahead of national elections, anticipation of a national scheme is also building in view of reverses suffered by the BJP in state elections. ET explains why such exercises aren’t effective. Source: …

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Government gets into the act to ensure Aadhaar linkage

The government is actively considering amendments to the Telegraph Act and the Prevention of Money Laundering Act (PMLA) to provide legal backing for mobile numbers and bank accounts to be linked to Aadhaar on a voluntary basis. ET has learnt that the ministry of electronics & information technology has moved a proposal to this effect, …

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Short-term outlook for market looks positive; Buy Axis Bank, UPL

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} NIFTY CLOSE- 10805.45 (14.12.2018) The market closed weekly in positive territory after high volatility ahead of state election results during the week. It managed to hold short-term support levels as mentioned last week after knee-jerk reaction below its intraday at the beginning of the week. It made a low of 10333 levels on …

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Lenders await NCLAT ruling on IL&FS debt

Mumbai: The Indian Banks’ Association (IBA) is waiting for a decision by the National Company Law Appellate Tribunal (NCLAT) on a moratorium on payments by Infrastructure Leasing and Financial Services (IL&FS) before approaching the Reserve Bank of India (RBI) on classification of lenders’ Rs 50,000 crore exposure to the group. NCLAT will hear on December …

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Parliament Winter Session 2018: What to expect in the Rajya Sabha today

Today, the government will also reply to the questions asked by the members related to the ministries falling in the Group 1 of the Rajya Sabha list. The Rajya Sabha is expected to take up several important bills on Monday, and an important Parliamentary report on India-China relations will also be presented to the Rajya …

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Buy Voltas for a target of Rs 635, SL of Rs 555: Prabhudas Lilladher

span.p-content div[id^=”div-gpt”]{line-height:0;font-size:0} Nifty outlook and few trading ideas by Vaishali Parekh, research analyst- technical research at Prabhudas Lilladher: NIFTY VIEW Nifty witnessed a great week to close above the 10800 levels but the last 2 days saw resisting near the 10830 levels. Similarly, Bank Nifty too recovered strongly but need to cross the level of …

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