The government on Tuesday steeply cut interest rates on various small savings schemes in line with sharp cut in policy rates announced by the Reserve Bank of India on Friday where it reduced repo rate by 75 basis points. ....

In the fight against coronavirus, around 2,56,000 employees of the country's largest lender, State Bank of India (SBI), have decided to contribute two days' salary to the Prime Minister's National Relief Fund. ....

Rally continued in the Indian stock market on Tuesday afternoon as the BSE Sensex rose over 1,000 points. The Nifty50 on the National Stock Exchange (NSE) rose 300 points to trade above the 8,500 mark. The gains were in tandem with the rise in Asian markets. ....

Indian stock markets opened on a negative note on Monday with the BSE Sensex trading over 700 points lower. ....

Kotak Mahindra Bank and its CEO Uday Kotak have together committed a total of 50 crore to the PM-CARES Fund for the fight against the coronavirus pandemic. ....

To support the fight against COVID-19 pandemic, India's leading digital payments and financial services platform Paytm on Sunday said it is aiming to contribute Rs 500 crore to the PM CARES Fund. ....

The coronavirus has taken the world economy to a recession which will be as bad or worse than the financial meltdown of 2009, IMF chief Kristalina Georgieva said Friday. ....

After the RBI Governor announced an emergency rate cut on Friday, Union Finance Minister Nirmala Sitharaman lauded the move and stressed the need for lower cost of retail loans and that reduced interest rate needs quick transmission. ....

Fearing infection by the coronavirus in jail, Yes Bank founder Rana Kapoor on Friday applied for bail in the money-laundering case in which he is lodged in Taloja Prison, Raigad, by the Enforcement Directorate (ED). ....

Indian stock markets erased all their initial gains on Friday afternoon, with the BSE Sensex trading over 250 points lower, although the Reserve Bank of India (RBI) announced an emergency rate cut of 75 basis points. ....