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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.

Business

Withdraw up to Rs 2,000 from PoS machines free of charge: SBI

SBI has a total of 6.08 lakh PoS machines of which 4.78 lakh are enabled to dispense cash to the customers.

19 April 2018 5:19 PM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Business

Airtel likely to offer free subscription of Netflix on TV app

Netflix and Airtel are in advanced discussions for an exclusive tie-up to offer Netflix content to Airtel mobile...

19 April 2018 4:36 PM IST

The government will sell 5 percent stake in the countrys largest power producer NTPC at Rs 168 per share to raise about Rs 7,000 crore.

Business

NTPC wants to exit joint venture with BHEL

The two companies had invested Rs 50 crore each as equity in the joint venture.

19 April 2018 4:33 PM IST

The 30-share Sensex resumed higher at 27,552.27 and hovered between 27,743.46 and 25,902.45 before concluding the week at 26,818.82, a loss of 455.33 points, or 1.67 per cent.

Business

Sensex spurts 96 points in see-saw trade; metals shine

NSE 50-share index, after moving between 10,572.20 and 10,546.20, ended at 10,565.30, up 39.10 points, or 0.37 per cent.

19 April 2018 4:19 PM IST

Vehicle is powered by a two-litre four-cylinder diesel engine and is capable of accelerating from 0-100 km/ hr in 8 seconds.

Business

BMW launches all-new X3 priced up to Rs 56.7 lakh

The new BMW X3 is available in two diesel variants with the Expedition variant priced at Rs 49.99 lakh.

19 April 2018 4:13 PM IST

Private lender IndusInd Bank on Tuesday announced a pilot program with WhatsApp enterprise solution in India to communicate with its customers.

Business

IndusInd Bank Q4 net profit jumps 27 pc to Rs 953 crore

The bank made a net profit of Rs 751.61 crore in the corresponding period of 2016-17.

19 April 2018 3:42 PM IST

State Bank of India, SBI, chairman Rajnish Kumar has replaced Arundhati Bhattacharya. (Photo: PTI)

Business

Time not ripe for large scale privatisation of PSBs: SBI Chief

Privatisation of public sector banks (PSBs) given the current socio-economic conditions in the country.

19 April 2018 3:32 PM IST

Alto retained its number one position by selling 2,58,539 units in 2017-18 as against 2,41,635 units in the previous financial year, up 6.99 per cent.

Business

Maruti Alto retains best selling PV model tag in FY18

The older version of the sedan, Dzire Tour, had occupied the third spot in 2016-17 with 1,67,266 units.

19 April 2018 3:20 PM IST

$Uber chief executive Dara Khosrowshahi is committed to investing further in the Indian market but also keeping a sharp eye on \eventual profitability\, as the US-based cab aggregator ramps up operations in the country.$ Business

Uber ties up with Hyderabad Metro Rail for connectivity

Uber entered into a partnership with Hyderabad Metro Rail Limited for setting up kiosks at 24 stations across city.

19 April 2018 3:09 PM IST

The stock markets will be steered by RBI policy, macroeconomic data points and global trends this week, say experts.

Business

RBI to recoup forex reserves despite being put on US watch list:...

According to BofAML forex strategists, rupee is expected to be around Rs 64.25 per USD in December.

19 April 2018 2:45 PM IST

Reliance Infrastructures (Rinfra) subsidiary DAMEPL on Friday moved the Delhi High Court seeking attachment of DMRCs bank accounts for not depositing 75 per cent of the over Rs 5,164 crore arbitral award, including interest, within the time given by the court.

Business

RInfra wins Rs 774 crore contract from RVNL

Company is well positioned in the emerging railway market and poised to capture a sizable share.

19 April 2018 2:38 PM IST

Company is evaluating the same and the same shall be placed before the Board of Directors in due course.

Business

Group of shareholders seek removal of 4 directors: Fortis

Fortis stock was trading 1.28 per cent up at Rs 146.45 on BSE.

19 April 2018 2:21 PM IST