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The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

8 per cent govt bonds to close for subscription from tomorrow

Finance Ministry had reduced interest rate on various small saving schemes by 0.2 per cent.

2 Jan 2018 11:05 AM IST

Representational image of gold bars.

Gold futures rise marginally on global cues

Gold is trading at Rs 29,164 per 10 grams as speculators raised bets, tracking a firming trend overseas.

2 Jan 2018 11:00 AM IST

The prices of onion stayed high for nearly three months and had soared to Rs 40 per kg.

USD 850 per tonne MEP on onion to be applicable till Jan 20

Government had imposed MEP to increase domestic supplies and check rising prices.

2 Jan 2018 10:44 AM IST

Idea said it plans to extend its 4G services to 20 circles across India by FY2017 after the board approved an additional Rs 1,000 cr capital expenditure to build its infrastructure.

Idea Cellular board to meet over fund-raising plans on Jan 4

Merger between Vodafone India and Idea Cellular is expected to be completed this year.

2 Jan 2018 10:22 AM IST

India is the worlds second-biggest buyer of foreign coal even though imports have held steady in the last two years because of rising local output.

Infrastructure output growth at 6.8 per cent, fastest in a year

The cement sector grew by 17.3 per cent in November against a contraction of 1.3 per cent in October.

2 Jan 2018 3:31 AM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Centre eases norms for GSTR revision

Businesses have been finding it difficult to assess tax liability correctly after India moved to the GST regime with...

2 Jan 2018 1:34 AM IST

The two unlisted associate banks which will be merged with SBI are State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH).

SBI cuts base rate by 30 basis points

The move is likely to trigger a similar action from other public as well as private sector lenders in the coming days.

2 Jan 2018 1:34 AM IST

The Assocham Year Ahead Outlook observed that Indias M&A transactions witnessed a quantum jump of 170 per cent in valuations.

M&As may touch $50 billion in 2018

Transactions likely to focus on sectors such as healthcare, telecom, energy, realty.

2 Jan 2018 1:33 AM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

SBI lowers base rate, BPLR by 30 bps; leaves MCLR unchanged

Nation's largest lender revised down the base rate to 8.65 per cent for existing customers from 8.95 per cent.

1 Jan 2018 5:07 PM IST

The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses.

Retail inflation for industrial workers up at 3.97 pc in Nov

Food inflation stood at 3.91 per cent in November against 2.26 per cent of the previous month.

1 Jan 2018 4:39 PM IST

JSW Energy has diversified businesses in carbon steel, power, mining, industrial gases, port facilities, cement and information technology sectors.

JSW Energy cancels deal to buy JPVL's 500 MW Bina plant

In May, 2017, JSW Energy had informed BSE that the Long Stop Date was extended from May 31, 2017 to December 31, 2017.

1 Jan 2018 4:30 PM IST

According to sources in the finance department, the GST collection was not expected to be so high and hence it had asked the Centre for a compensation of Rs 6500 crore.

Govt relaxes norms for rectification of returns under GST

GSTR-3B, initial summarised return, has to be filed by businesses by 20th day of every month.

1 Jan 2018 4:22 PM IST