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The RBI has initiated a prompt corrective action against state-owned Oriental Bank of Commerce (OBC) for high bad loans. Photo: PTIBusiness
Oriental Bank of Commerce Q4 net loss widens to Rs 1,650 cr

Total income in the entire 2017-18 fiscal stood at Rs 20,181.25 crore, lower from Rs 21,187.85 crore.

12 May 2018 3:53 PM IST

Origin of gold is one of the most intriguing mysteries for mankind since ancient times. (Photo: Pixabay)Business
Gold recovers on global cues, jewellers' buying

Gold is trading at Rs 32,400 per ten grams at the bullion market during the period under review.

12 May 2018 3:25 PM IST

Ralhan said that petroleum exports which has a major contribution in the exports basket has continued to growth with a positive growth of well over eight per cent. (Representational Image)Business
E-commerce exports via all foreign post offices soon: Finance Ministry

Customs are proposing new simplified procedures for exports through India Post.

12 May 2018 2:57 PM IST

The Flipkart co-founder Binny Bansal said that Flipkarts strategic partnership with Microsoft will help his company to scale up in the coming days.Business
Walmart may launch IPO for Flipkart in as early as four years

Walmart announced earlier this week that it will pay $16 billion for a roughly 77 per cent stake in Flipkart.

12 May 2018 1:54 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.Business
Market end with strong gains for the week, up 620 points

Total turnover during the week on BSE rose to Rs 17,376.17 crs as against last weekend's level of Rs 12,503.33 crores.

12 May 2018 1:49 PM IST

JSW Energy has diversified businesses in carbon steel, power, mining, industrial gases, port facilities, cement and information technology sectors.Business
CCI approves JSW-led consortium bid to acquire Monnet Ispat

JSW Steel is a part of the diversified USD 12 billion JSW Group, which has presence in steel, energy, infrastructure,...

12 May 2018 1:14 PM IST

Reliance Jio will start offering cashback and benefits totalling Rs 2,599 from Friday to its Jio Prime members opting for recharge of Rs 399 and above. (Photo: AFP)Business
Jio's Rs 199 post plan likely to trigger tariff war: experts

Jio's post-paid tariffs are sharply lower compared to the current tariff plans offered by incumbents.

12 May 2018 12:12 PM IST

With multiple agencies probing the alleged Rs 13,000-crore fraud at state-run Punjab National Bank, the Reserve Bank of India (RBI) says it has conducted its scrutiny and the matter is currently under examination for \enforcement action\.Business
RBI puts Dena Bank under prompt corrective action

In value terms, the gross NPAs or bad loans rose to Rs 16,361.44 crore from Rs 12,618.73 crore.

12 May 2018 11:18 AM IST

The government last year relaxed FDI norms in over a dozen sectorsBusiness
Centre clears FDI proposals worth Rs 3,250 crore

Department of Economic Affairs stated that a total of five proposals were disposed of, out of which three were approved.

12 May 2018 11:02 AM IST

Saudi Aramco, the worlds top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive.Business
Abu Dhabi oil giant to pick up stake in Ratnagiri refinery project

Saudi Arabia was the biggest oil supplier to India till 2016-17, but slipped behind Iraq last fiscal.

12 May 2018 10:53 AM IST

Apart from Subramanian Swamy, other former judges and senior advocates of the Supreme Court also reacted to the press meet. (Photo: PTI)Business
Subramanian Swamy wants I-T abolished to ease burden

He said most taxpayers are the middle class and startup entrepreneurs and it amounts to harassment for them.

12 May 2018 12:26 AM IST

The industrial growth measured by the Index of Industrial Production (IIP) for 2017-18 too decelerated to 4.3 per cent from 4.6 per cent in the previous fiscal. The IIP had grown by 4.4 per cent in March 2017.Business
Industrial output dips to 4.4 per cent

However, despite a low growth RBI is not expected to cut interest rates in the next policy review meeting due to...

12 May 2018 12:17 AM IST

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