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The move is expected to prompt banks to lower the deposit rate in line with the small savings rate as offered by the government.

Govt keeps small savings interest rates unchanged

Interest rate for the five-year Senior Citizens Savings Scheme has been retained at 8.3 per cent.

29 March 2018 12:54 PM IST

Uber Technologies Incs warring board members have agreed to investment by SoftBank Group Corp in the ride-services company. (Photo: AFP)

Softbank reviving Ola-Uber India merger talks

India is already among the top three markets for Uber after the US and Latin America.

29 March 2018 12:24 PM IST

Manish Patel admitted to presenting a forged Indian passport to Border Patrol agents. (Photo: Representational/PTI)

PSBs asked to get passport details for loans of Rs 50 cr and above:...

In Oct 2017, govt announced recapitalisation of PSBs to tune of Rs 2.11 lakh cr over current and next financial year.

29 March 2018 12:00 PM IST

Finance Minister Arun Jaitley will unveil the Union Budget 2018 on Thursday. (Photo: PTI)

Govt collects over Rs 1 lakh cr through PSU disinvestment: Jaitley

So far, Department of Investment and Public Asset Management has raised Rs 1,00,056 crore through disinvestment.

29 March 2018 11:44 AM IST

Scheme will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years.

CCEA nod to bear expenses for employee's pension contribution for 3...

Under this, the govt pays the 8.33 per cent contribution of employers to the Employees' Pension Scheme.

29 March 2018 11:31 AM IST

Finance Ministry

Centre, ADB ink USD 80 million loan deal

Deal to help modernise technical and vocational education and training institutions and improve the skills ecosystem.

29 March 2018 10:49 AM IST

Sugar production in India, the worlds second largest producer, is estimated to be lower at over 21 million tonnes this year.

Govt allows export of 2 million tonnes of sugar

Sugar mills owe Rs 13,899 crore to sugarcane growers as on March 21, according to official data.

29 March 2018 10:40 AM IST

Reverse side will bear the picture of Takht Shri Harimandir Ji Patna Sahib in the centre.

Rs 350 coin to mark birth anniversary of Guru Gobind Singh

Coin with standard weight of 35 gram will have 50 per cent silver, 40 per cent copper and 5 per cent each of nickel and...

29 March 2018 10:21 AM IST

Any bidder who wants to submit the EoI and wants to participate in the second stage of RFP will need to have a minimum net worth of 5,000 crore and show profitability of the bidding firm (positive profit after tax) in at least three of the immediately preceding five financial years from the EoI deadline.

Centre to sell 76 per cent stake in Air India

In the second stage, the highest bidder would be declared as the buyer after requisite security clearances.

29 March 2018 1:48 AM IST

Market regulator Sebi has approved most of the recommendations of corporate governance panel. The key changes accepted by Sebi are

Sebi splits CMD post in top 500 companies

Makes webcast of shareholders meeting mandatory.

29 March 2018 1:39 AM IST

At the end of the five-day auction, nearly 60 per cent of the spectrum had remained unsold.

Telcos' pre-tax losses widen to Rs 38,153 crore in 2016-17

Also, 24 out of 50 companies reported losses before tax during 2016-17

28 March 2018 5:59 PM IST

The companys board agreed to issue comfort letter to provide Rs 7,266 crore in return for 98.43 per cent stake in BCL.

CCI clears UltraTech's acquisition of Binani Cement

UltraTech Cement will buy loan defaulter Binani Cement's stressed assets by providing Rs 7,266 crore.

28 March 2018 5:24 PM IST