Logo of State Bank of IndiaThe government, which is infusing Rs 1,894 crore capital into State Bank of India, has asked the country's largest lender to take necessary regulatory approvals for the fund infusion.
Sand sculpture with message to 'Join hands for Cashless India'The government on Thursday said it plans to make Aadhaar card essential, although not mandatory, for subsidised foodgrain under the National Food Security Act and asked states to link
Inter-ministerial body FIPB on Thursday approved six investment proposals, including that of Sanofi Synthelabo India, Star Den Media Services and Idea Cellular Infrastructure Services, envisaging foreign investments of Rs 1,186.5 crore.
Pushed by domestic investors, the Dalal Street has overcome the demonetisation blues, with the benchmark BSE Sensex valuation back to pre-currency swap levels, notwithstanding the worries of a slowdown in gross domestic product growth and corporate
Photo: ShutterstockAfter falling in the previous fortnight, banks deposits again jumped by 0.64 per cent in the fortnight to January 6, according to the Reserve Bank data.
Ravi Shankar PrasadThe new BHIM app, that aims to make digital payments through mobiles fast and simple for people, has logged 1.1 crore downloads within 20 days of launch, IT Minister Ravi Shankar Prasad said.
ICICI bank signboard is reflected in a puddle on a street in New DelhiDays after blocking transactions by its customers on Flipkart's PhonePe e-wallet, country's largest private sector lender ICICI Bank was today asked by NPCI to open up
With 21 states now agreeing to go along with the Ujjwal Discoms Assurance Yojana (UDAY), the scheme to rescue the finances of electricity distribution companies (discoms), the Union ministry of power will do a mega tender for procuring 'smart
French asset manager Amundi's purchase of Pioneer Investments last month has put a question mark over both the entities' investments in the domestic mutual fund (MF) space.
Reserve Bank of India Governor Urjit Patel (Photo: PTI)After briefing a parliamentary finance panel on impact of note ban on Wednesday, RBI governor Urjit Patel will appear before the Public Accounts Committee on January 20 and explain demonetisation
The Securities and Exchange Board of India (Sebi) has told the income tax (I-T) department there's not enough evidence to establish a charge against 32,000 entities on tax evasion.
Media firm DB Corp on Thursday reported a 6.64 per cent rise in consolidated net profit at Rs 118.1 crore for the third quarter ended December 31.The company had posted a net profit of Rs 110.74 crore in the October-December period of the previous fiscal,
The headquarters of India's HDFC bank is pictured in Mumbai, IndiaPrivate sector HDFC Bank has set a target to provide training to 25,000 people, including businessmen, in Madhya Pradesh in carrying out cashless transactions at special camps.
Mamata BanerjeeIn the shadow of demonetisation and a violent anti-land acquisition protest in Bhangar, the Mamata Banerjee-led West Bengal government is to inaugurate the third edition of its annual two-day business summit on Friday that will see
Triggered by a sharp increase in the shipment of cut and polished diamonds, India’s overall gems and jewellery exports to the United States witnessed 7.81 per cent growth in October – December quarter due to an increase in consumerism on a
The tax department has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.
The benchmark indices on Thursday settled higher thanks to gains in index heavyweight stocks such as ITC, Tata Motors and Infosys even as Asian markets ended lower after Fed Chair Janet Yellen signalled at future rate hikes in US.
Andhra Pradesh government is holding the two-day Partnership Summit with Confederation of Indian Industry (CII) and Union Commerce Ministry from January 27-28, 2017, in Visakhapatnam to showcase the state as an investment destination across various
After reducing the interest for new home loan borrowers, housing finance major HDFC Ltd has extended the same benefit to its existing customers too. It reduced its retail prime lending rate (RPLR) by 15 basis points to 16.15 per cent from 16.30 per cent.