TOI Business Desk
The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world. Article
Fixed Deposit Terms: 9 banks make changes post RBI’s new guidelines on FDs
Jun 14, 2024Latest FD Rates: RBI governor Shaktikanta Das on Friday announced a change in the definition of bulk fixed deposits. Several banks have already implemented these changes and updated their retail deposit amounts from Rs 2 crore to Rs 3 crore.
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RBI imposes 1.45 crore penalty on Central Bank of India, 96.4 lakh fine on Sonali Bank PLC
Jun 14, 2024RBI imposed penalties on the Central Bank of India and Sonali Bank PLC for non-compliance with regulatory norms. The Central Bank of India was fined Rs 1.45 crore for issues including sanctioning a working capital demand loan improperly and failing to credit amounts from unauthorized electronic transactions to customers' accounts on time. Sonali Bank PLC was fined Rs 96.4 lakh for non-compliance with Know Your Customer (KYC) Directions, 2016.
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India's forex reserves surge $4.3 billion to hit new lifetime high of $55.8 billion
Jun 14, 2024India's foreign exchange reserves surged by $4.3 billion during the week ended June 7 to scale a lifetime high of $655.8 billion, according to the latest data released by the RBI on Friday. For the week ending June 7, foreign currency assets, the largest component of the reserves, rose by USD 3.773 billion to USD 576.337 billion.
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Jun 14, 2024The Indian army has received the Nagastra 1 drones, developed by Economic Explosives Limited, for precision strikes along the Pakistan and China borders.
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Wholesale price inflation rises to 2.61% in May, fueled by rising food prices, says Govt data
Jun 14, 2024The wholesale inflation increased for the third straight month, reaching 2.61 percent, driven by rising prices of food items, particularly vegetables, and manufactured goods. "Positive rate of inflation in May, 2024 is primarily due to increase in prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing etc," the Ministry of Commerce & Industry said in a statement.
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Jun 14, 2024Companies are investing in premium experiences for top performers, with a focus on holistic recognition and experiential rewards for top achievers across various industries like banking, auto, and insurance.
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IRDAI directs life insurers to mandatorily provide loan facility against policies
Jun 14, 2024
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Budget 2024: When will FM Nirmala Sitharaman present Union Budget 2024? Check expected date
Jun 14, 2024Union Budget 2024 date: The upcoming Budget 2024 is likely to incorporate elements from the 100-day plan that Prime Minister Narendra Modi instructed his team to formulate.