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Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Startup funding in Maharashtra dips 42 per cent

In the last five years total funding received by Mah based startups across 866 deals amounted to USD 1,312 million.

14 Feb 2017 1:58 PM IST

The rupee performed a bit better than most of its regional peers in 2016, weakening just over 2 per cent as Indias economy

Banks provide Rs 1.80 lakh cr under Mudra; exceed FY17 target

Of this amount, Rs 1,23,000 crore was lent by banks while non-banking institutions lent about Rs 57,000 crore.

14 April 2017 12:07 PM IST

According to Morningstar, India-focussed offshore funds, which are longer term in nature, witnessed net-inflow of $179 million in August whereas the India-focussed ETFs saw a net outflow of $39 million.

Offshore India funds, ETFs register USD 565 mn inflows in Nov

India-focussed offshore funds have seen an investment of USD 501 million last month.

25 Dec 2017 10:13 AM IST

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Bank of Baroda to raise Rs 4,000 crore from bonds

Banks can write off such investments or convert them into common equity if approved by the RBI.

23 Dec 2017 11:35 AM IST

Finance minister Arun Jaitley

Jaitley reviews NPA scenario with top bankers

Public sector banks made a stable operating profit of Rs 1.5 lakh crore in 2016-17.

12 Jun 2017 1:59 PM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

QIP credit positive for SBI, removes dependence on govt: Moody's

SBI's risk-weighted assets are expected to grow by 15 per cent in 2017-18 and 2018-19, in line with 2016-17.

12 Jun 2017 10:50 AM IST

Eight-year loan tenure is part of OPICs commitment of USD 1 billion loan assistance to underserved small and medium enterprises in India.

IndusInd Bank secures $225 mn loan from OPIC to fund MSME

Agreement with OPIC will help IndusInd Bank to further enhance our MSME lending franchise.

9 Jun 2017 2:25 PM IST

Over 10 lakh offline merchants across India accept Paytm for payment including taxis, autos, petrol pumps, grocery shops, restaurants, coffee shops, multiplexes, and parking.

Paytm in talks to raise over $1 bn funding from SoftBank

Paytm may buy Snapdeal-owned payments firm Freecharge as part of the transaction with SoftBank.

19 April 2017 10:15 AM IST

Ola aims at investing Rs 100 crore in adding 1,00,000 drivers to its platform

Ola eyes USD 100 mn in fresh funding to fuel expansion

Approval was for issuance of convertible securities at a price of Rs 13,521 apiece through a rights issue.

21 April 2017 9:57 AM IST

Stock of Axis Bank closed 2.56 per cent down at Rs 444.60 on BSE.

Axis Bank gets shareholder nod to raise Rs 11,626 crore

Axis Bank will mop up Rs 9,063 crore through share sale and Rs 2,563 crore from sale of warrants.

9 Dec 2017 11:37 AM IST

Positive start for domestic stock markets lent support to rupee. (Photo: PTI)

Fund raising via preferential allotment rises 8 pc in Apr-Oct

As per SEBI data, funds raised by listed firms through preferential allotment stood at Rs 26,361 crore.

7 Dec 2017 4:07 PM IST

As per new IMF projections, Indias growth in 2016 is now estimated to be 6.6 per cent as against 7.6 per cent earlier. (Photo: AFP)

IMF warns on brewing risks in China's financial system

China has largely relied on debt-fuelled investment and exports to drive its tremendous economic growth.

7 Dec 2017 12:03 PM IST