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Finance

Sensex crashes by 629 points, dips below 15,000

India's benchmark share index extended its fall to more than 4 percent on Wednesday, caught in a sell-off in global equity markets as worries about a credit crunch intensified.

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SEBI to allow short-selling by institutions

Capital market regulator, SEBI Thursday said it will soon issue guidelines on short-selling that will enable institutional investors to sell stocks without owning them.

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NRIs may face 3-year pre-IPO realty lock-in

The government is planning to plug another potential source of foreign funds for the real estate sector.

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Banks must plan simpler repayment mechanism

In order to provide affordable houses to the economically weaker section (EWS), Reserve Bank of India (RBI) Deputy Governor, Rakesh Mohan, stressed upon the need of a simpler repayment mechanism on pa

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Assets of mutual funds cross Rs 4,00,000 cr

The asset under management (AUM) of mutual fund industry has crossed the Rs 4,00,000 crore mark, according to figures of the Association of Mutual Funds of India.

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PNB reduces education loan rates

Pursuing higher education is becoming more affordable as Punjab National Bank (PNB) will be reducing its education loan rates from April 1.

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Ernakulam declared as 100 percent Banking Habit district

Ernakulam in Kerala has attained the status of 100 per cent Banking Habit district.

This is the second district in the state to attain the distinction, the first being Palakkad.

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