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McDonalds is an American fast food chain. (Photo: PTI)

McDonald's-Bakshi row: NCLAT adjourns hearing till Nov 16

NCLAT adjourned the hearing on Vikram Bakshi's plea for a fair valuation of his stake at the joint venture CPRL.

25 Oct 2017 3:47 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

PSU bank recap positive for GDP growth, rupee: Goldman Sachs

The government on Tuesday unveiled a Rs 2.11 lakh crore two-year road map to strengthen NPA-hit public sector banks.

25 Oct 2017 3:24 PM IST

Finance Minister Arun Jaitley with RBI governor Urjit Patel at an event. (Photo: PTI)

Banks' recap safeguards India's economic future: Patel

RBI governor adds later a comprehensive policy would be put in place to address challenges faced by banking sector.

25 Oct 2017 2:47 PM IST

Bank customers across the nation have complained that several banks are refusing to accept more than the said amount despite providing detailed explanations. (Photo: PTI/File)

Bank recapitalisation critical for economic recovery: BofAML

Govt unveiled a Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks.

25 Oct 2017 2:47 PM IST

Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance account scheme till September 15.

Kotak Mahindra Bank second-quarter profit rises, meets estimates

Net profit rose to 9.94 billion rupees in quarter ended Sept 30, from 8.13 billion rupees a year earlier.

25 Oct 2017 1:53 PM IST

Finance ministry said that the domestic investment of the private sector continued to be affected by the growing contamination of loans advanced in the past, which have now become unsustainable.

India's bad loans and stressed assets estimated at Rs 10 lakh crore

Govt has pledged Rs 2.11 lakh crore recapitalisation plan for state-owned banks over next two years.

25 Oct 2017 1:50 PM IST

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

India's PSU bank recap plan lifts shares, raises questions

Investors welcomed the news, sending shares of SBI up as much as 25 per cent to its highest since January 2015.

25 Oct 2017 1:34 PM IST

Shares of HCL Infosystems on Tuesday surged 18 per cent after the company said it will distribute Apple products in Indian market.

HCL Tech shares down nearly 4 per cent after Q2 earnings

Company maintained its 2017-18 revenue growth forecast at 10.5-12.5 per cent in constant currency terms.

25 Oct 2017 1:08 PM IST

EPFO is a retirement fund body that has a savings corpus of Rs 6.5 lakh crore. (Photo: Representational/PTI)

Govt retains GPF interest rate at 7.8 per cent for Oct-Dec

This would apply on Provident Funds of central government employees, railways and defence forces.

25 Oct 2017 1:01 PM IST

The new 250cc, 750cc and 400cc bikes will showcase the same parallel-twin setup as seen on the 302R and TRK 502 bikes

Benelli to launch 250cc, 400cc and 750cc motorcycles at EICMA 2017

Italian bikemaker will introduce a total of 10 models at the upcoming EICMA Motorcycle Show.

25 Oct 2017 12:45 PM IST

Honda to soon launch a new 125cc Scooter

Honda dealerships across India have started accepting bookings for the Grazia for a token amount of Rs 2,000.

25 Oct 2017 12:39 PM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

Sensex, Nifty trim morning gains, pull back from lifetime highs

The 30-share Sensex resumed higher at 32,995.28 and soared to its intra-day life time high of 33,117.33 as banking...

25 Oct 2017 12:30 PM IST