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Almost half the downgrades by ICRA in FY18 were induced by the weakening business position of entities.Business
Loan defaults to rise higher in FY19: ICRA

Crisil expects GNPAs to peak in mid of current fiscal.

3 April 2018 1:10 AM IST

The RBI has asked Axis Banks board to re-consider the decision to re-appoint Shikha Sharma as its MD and CEO for a fourth term.Business
RBI asks Axis Bank to re-consider Shikha Sharma as MD

The move comes against the backdrop of persisting concerns over mounting Non-Performing Assets (NPAs) in the banking...

2 April 2018 7:50 PM IST

\There are certain accounts where details of the (EPFO) subscribers including date of birth is not available in records,\ Labour Minister Santosh Gangwar said in a written reply to the Lok Sabha today.Business
Over 8 cr EPFO A/Cs have no birth date, 11 cr missing father's name

Labour Minister Santosh Gangwar said in a written reply to the Lok Sabha today.

2 April 2018 7:33 PM IST

Amul brand, today reported 8 per cent increase in its turnover to Rs 29,220 crore for the last fiscal ended March 31.Business
Amul's turnover up 8 per cent at Rs 29,220 crore in FY18

Its branded consumer products have registered a growth of 14 per cent.

2 April 2018 7:13 PM IST

Tata group Chairman Emeritus Ratan Tata on Monday asked employees of Tata Motors to plan on becoming leaders again.Business
It hurt when country looked at Tata Motors as a failing co: Ratan Tata

Emeritus Ratan Tata on Monday asked employees of Tata Motors to plan on becoming leaders again.

2 April 2018 7:00 PM IST

Law and IT Minster Ravi Shankar Prasad had previously warned social media giant Facebook of \stringent\ action for any attempt to influence polls through data theft.Business
Cambridge Analytica seeks more time on govt data breach notice

IT has sought an additional time of one week to respond to government's notice.

2 April 2018 6:51 PM IST

The government on Monday said the re-introduction of the e-way bill system for GST has been smooth with no technical glitches.Business
E-way bill rollout successful; no glitch so far: Govt

The re-introduction of the e-way bill system for GST has been smooth with no technical glitches.

2 April 2018 6:42 PM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.Business
Customers' money safe with us, says Punjab National Bank

Urging customers not to believe in any rumours, the bank assured that they can withdraw or deposit their money anytime.

2 April 2018 6:13 PM IST

India has imposed a 10 percent tax on imports of key smartphone components.Business
Govt imposes 10 per cent tax on key smartphone components

A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors.

2 April 2018 6:00 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.Business
Direct tax collection exceeds target in FY18

Direct tax collections in 2017-18 at Rs 9.95 lakh crore, exceeded the revised budgetary target of Rs 9.8 lakh crore.

2 April 2018 5:49 PM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.Business
ICICI examines pending insolvency cases in Board meeting

ICICI Bank examined insolvency cases pending before the NCLT under the Insolvency and Bankruptcy Code, 2016.

2 April 2018 5:37 PM IST

Tata Motors is gearing up for Turnaround 2.0 to make its passenger vehicles (PV) financially self sustainable, buoyed by the success of its commercial vehicles (CV) in the last financial year, ended March 31.Business
Tata Motors readies for 'Turnaround 2.0'

Tata Motors is gearing up for 'Turnaround 2.0' to make its passenger vehicles financially self sustainable.

2 April 2018 5:24 PM IST

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