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Earlier, as part of the know your customer requirement under the Prevention of Money-Laundering Act provisions, jewellers with a turnover of Rs 2 crore per annum were mandated to collect PAN card for any purchase above Rs 50,000. (Representational image)

Gold extends losses on weak global cues, low demand

Silver also slipped by Rs 75 to Rs 38,895 per kg due to reduced offtake by industrial units and coin makers.

10 Aug 2018 3:01 PM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI posts Q1 loss of Rs 4,876 crore as bad loans rise

SBI books loss of Rs 4,876 crore for the first quarter ended June 2018.

10 Aug 2018 3:00 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

Axis Bank introduces iris authentication for Aadhaar-based...

Bank is also exploring the application of iris-based Aadhaar authentication for varied services such as loan processing.

10 Aug 2018 2:55 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

BSE seeks specific information on Jet Airways' Q1 results delay

Jet Airways should submit complete information that is available with it, for compliance with the requirements of...

10 Aug 2018 2:53 PM IST

Clearing corporations providing services for commodity derivatives will have to ensure guarantee for settlement of trades including goods delivery, markets regulator Sebi has said.

Sebi to auction properties of 5 companies next month

The auction will be conducted on September 12, Sebi said in a notice.

10 Aug 2018 2:20 PM IST

The overall value of the IPL ecosystem grew 18.8 per cent to USD 6.3 billion from USD 5.3 billion in 2017, mostly due to the surge in the broadcasting rights fee.

IPL brand value grows 19 per cent to USD 6.3 billion in 2018

Hotstar set a world record of OTT viewership with 10.7 million concurrent viewers.

10 Aug 2018 1:34 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI likely intervenes to stem rupee fall: traders

Since April RBI has sold $21 billion in spot and $10 billion in forwards, according to traders

10 Aug 2018 1:04 PM IST

Hype about 5G, the upcoming fifth generation of cellular networks, was in huge overdrive last week at the Mobile World Congress in Barcelona, Spain, the annual showcase of the mobile device business.

Industry requires USD 100 billion investment to meet 5G targets

The revenue from 5G-enabled digitization in India is expected to reach USD 25.9 billion by 2026.

10 Aug 2018 12:55 PM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

Govt to probe subsidised stainless steel imports from China

There was prima facieâ€ evidence of subsidies that were hurting the domestic industry.

10 Aug 2018 12:33 PM IST

Representational picture of farmers

More use of biofuel will increase farmers' income and create...

Government has fixed minimum support price (MSP) of 14 crops at 1.5 times the cost of production.

10 Aug 2018 12:29 PM IST

Prime Minister Narendra Modi

Govt aims to cut oil imports by Rs 120 billion by using biofuels: Modi

It plans to invest 100 billion rupees and would build 12 biofuel refineries.

10 Aug 2018 11:56 AM IST

Domestic passenger vehicle sales declined marginally to 2,79,837 units in October. (Photo: PTI)

Passenger vehicle sales dip 2.71 pc in July; cars also take a hit

Domestic car sales also declined marginally to 1,91,979 units compared to 1,92,845 in July 2017.

10 Aug 2018 11:25 AM IST