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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.

Bad loans make SBI lose Rs 7,718crore

The public sector lender had reported a net profit of Rs 2,814.82 crore during the same period last year.

23 May 2018 2:01 AM IST

The issue of petrol and diesel prices is also expected to come for discussion during the Union Cabinet meeting on Wednesday.

IOC hints at more fuel price hikes

Finance ministry is averse to slash excise duty; Union Cabinet to discuss issue today.

23 May 2018 1:26 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI biggest beneficiary of Bhushan Steel sale to Tatas

Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 12 months.

22 May 2018 7:40 PM IST

German luxury carmaker BMW on Wednesday launched two limited edition variants of its 3 Series sedan priced at Rs 41.4 lakh and Rs 47.30 lakh.

Smaller towns will drive luxury car market, says BMW India head

The industry will get a fillip with the government focusing on infrastructure development in emerging towns, he added.

22 May 2018 7:31 PM IST

Over 17 lakh e-way bills for inter-state movement of goods have been generated by businesses and transporters since the launch of the GST anti-evasion measure on April 1.

Country-wide intra-state e-way bill system mandatory from June 3

Since the implementation of the same from April 1, 2018, more than 4.5 crore e-way bills have been generated.

22 May 2018 7:23 PM IST

The privatisation of loss-making Air India has hit a roadblock at the starting line-up itself.

Govt wants to sale Air India at an adequate price, says Aviation Secy

The government intends to complete the disinvestment process by this year end.

22 May 2018 7:11 PM IST

As one part of the launch, passengers on the Hainan Island high-speed train will be able to watch the ceremony through LTE broadcast technology and the Gigabit wireless network. Ericsson.

5G to offer USD 27 bn business opportunity for India, says Ericsson

India is aspiring to launch 5G services at par with other technologically advanced nations.

22 May 2018 6:56 PM IST

Indian Oil Corporation

No directive from govt to control fuel prices, says IOCL Chairman

IOCL chairman stressed on bringing petroleum products under GST.

22 May 2018 5:56 PM IST

Tata Steel is an arm of $103 billion Tata Group.

Tata Steel to raise Rs 16,500 cr debt to fund Bhushan acquisition

Tata Steel said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan...

22 May 2018 4:38 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Steps to deal with rising petrol, diesel prices likely this week

The prices in Delhi are the cheapest among all metros and most state capitals.

22 May 2018 4:26 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex halts 5-day slide in volatile trade

The 30-share Sensex opened in the green and hit a high of 34,754.60, but witnessed bouts of volatility.

22 May 2018 4:09 PM IST

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

NCLAT asks resolution professional, NCLT to hold order on Essar Steel

NCLAT would conduct daily hearing from July 23 on the matter.

22 May 2018 4:04 PM IST