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Prime Minister Narendra Modi. (Photo: PTI/File)

Fiscal condition is firmly in control, says PM Modi

Modi highlighted investors need for a stable political and supportive regulatory environment to ensure protection of...

27 Jun 2018 3:14 AM IST

Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

PSBs set 2020 as deadline to exit RBI's PCA watch

Top officials of the banks made presentations before the panel and responded to queries.

27 Jun 2018 3:13 AM IST

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

NPA situation likely to worsen further: RBI

Calls for greater vigilance on domestic macro data.

27 Jun 2018 3:13 AM IST

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

NPA situation likely to worsen further, says Reserve Bank of India

The RBI said stress in the banking sector continues as gross non-performing advances ratio rises further.

26 Jun 2018 7:01 PM IST

Benchmark Sensex surged 577 points to end at 33,597 on Thursday.

Markets look for direction amid global headwinds

Global markets were mixed amid escalating trade tensions between the US and other leading economies.

26 Jun 2018 6:53 PM IST

The government is preparing an action plan to recover revenues from high networth defaulters like Nirav Modi and Vijay Mallya who escaped the law and slipped out of the country.

CBI, ED filed charge sheets with false allegations, says Vijay Mallya

Mallya also said that he is tired of the relentless pursuit by the government and its "criminal agencies" to extradite...

26 Jun 2018 4:45 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.

Bhushan Steel reclassifies promoters after takeover by Tata Steel

Bamnipal Steel had completed the acquisition of a controlling stake in Bhushan Steel Ltd last month.

26 Jun 2018 4:08 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Govt plans mega event to mark 1st anniversary of GST on July 1

Union Minister Arun Jaitley too would be addressing the gathering through video conferencing.

26 Jun 2018 3:52 PM IST

A youn couple was seen making love on a road divider in Mumbais Marine Drive area in Nariman point. (Photo: File/AFP)

Cost of living in Mumbai higher for expats than Melbourne, Frankfurt

The financial capital of the country is ranked at the 55th spot in terms of cost of living globally.

26 Jun 2018 2:52 PM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

Govt allows companies to explore for oil, gas beyond block boundaries

The ministry also simplified the process of companies to pay for unfinished committed exploration and drilling work.

26 Jun 2018 2:27 PM IST

Infosys has said that its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. (Photo: AFP)

Infosys denies US SEC probe, says has sufficient time to file key...

The form calls for the submission of an annual report within six months of the end of the company's fiscal year.

26 Jun 2018 2:14 PM IST

The court also directed the joint director (education) to decide her proposal about appointing her on compassionate grounds within three weeks. (Representational image)

Govt directs PSUs to challenge only those cases which involve larger...

The ministry requests that such litigation can be avoided by effective compliance of the provisions of labour laws.

26 Jun 2018 1:30 PM IST