Mumbai: Last week, when the Reserve Bank of India (RBI) cut repo rate — the rate at which the central bank lends to commercial banks – by 25 basis points (bps) to 6%, it sent out hope that your loans will get cheaper. One bps is one hundredth of a percentage point.
Loans of Indian banks jumped 13.2 percent year-on-year, in the two weeks ended March 29, while deposits rose 10 percent, the Reserve Bank of India's weekly statistical supplement showed on Friday.
The country's foreign exchange reserves rose by $ 1.876 billion to $ 413.781 billion in the week to April 5, aided by a rise in foreign currency assets, Reserve Bank data showed Friday.
HÀ NỘI — The garment industry saw a large number of strikes last year due to low salaries, experts told a conference in Hà Nội on Thursday.
GREENVILLE, S.C. — April 11, 2019 — Delta Apparel, Inc., a provider of core activewear and lifestyle apparel products, today announced the appointment of Glenda E. Hood to its Board of Directors.
NEW DELHI | KOLKATA: Mukesh Ambani-led Reliance Retail is betting big on business-to-business (B2B) ecommerce with a digital wholesale marketplace along the lines of China’s Alibaba for products such as smartphones, televisions, garments, spices and soap, according to people aware of the plan.