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According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.

SBI Cards mops up Rs 2,769 cr from anchor investors

Shares have been allotted at the offer's upper price band of Rs 755 apiece, as per a regulatory filing.

29 Feb 2020 11:07 AM IST

This photo taken on February 27, 2020 shows a worker wearing a face mask as he makes insoles at the Zhejiang Xuda Shoes Co. factory in Wenzhou. (AFP)

China's factory index falls to all-time February low

This is the worst level since China began recording factory data in 2005

29 Feb 2020 9:58 AM IST

The Sensex fell 334.44 points or 0.82 per cent to settle at 40,445, while Nifty shed 96.90 points or 0.81 per cent to close at 11,921.50.

Sensex crashes 1,448 points, Rs 5.45 lakh cr wealth wiped out

Coronavirus triggered a mad sell-off in global markets and India.

29 Feb 2020 6:28 AM IST

A screen is reflected in a traders eyes during the opening bell at the New York Stock Exchange (NYSE) on February 27, 2020 at Wall Street in New York City. Wall Street stocks closed sharply lower, joining a sell-off in most global bourses on fears the coronavirus will grow into a significant international health crisis. (AFP)

Dow Jones suffers biggest one-day drop since 2011

S&P 500 has now plunged 12 percent from the all-time high it set just a week ago

28 Feb 2020 6:17 AM IST

Write-offs for banks stood at 0.2 per cent and for NBFC MFIs at 1.7 per cent.

Sharp rise in MFI delinquency rate in Assam in Q3

The overall write-offs as of December 2019 stood at 1.4 per cent of the portfolio, 10 bps higher than the previous...

27 Feb 2020 4:31 AM IST

Finally, this resulted in the mad rush among the people for cover and they came forward in big numbers to buy expiring LIC products.

LIC IPO may get delayed, says Fitch Ratings

LIC has a premium-based market share of almost 70 per cent in life insurance sector.

27 Feb 2020 4:28 AM IST

Sebi regulates Indias capital market. (Photo: PTI)

No ban on foreign investors from Mauritius, says Sebi

A significant percentage of foreign portfolio investors (FPIs) investing in the Indian market is registered in...

26 Feb 2020 6:59 AM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

Life insurers can soon offer health insurance policy

IRDAI (Health Insurance) Regulations 2016 allows Life Insurance Companies to offer benefit-based health insurance...

26 Feb 2020 6:56 AM IST

British carmaker Mini, owned by BMW, has expanded its Clubman car range with the launch of Mini Clubman Indian Summer Red Edition priced at Rs 44.90 lakh pan India.

Mini Clubman Indian Summer Red launched at Rs 44.90 lakh

The Clubman also comes with multiple driving modes that sets up the vehicle for ride comfort, sportiness or efficiency.

25 Feb 2020 12:55 AM IST

With BS-6 emission norm being implemented from April 1, Volvo Cars has revised its XC40 compact luxury SUV.

First Drive: Volvo XC40 T4 petrol is driver's delight

The Swedish compact luxury SUV offers four drive modes such as Eco, Comfort, Dynamic and Off-road.

25 Feb 2020 12:52 AM IST

Reliance India chairman Mukesh Ambani in conversation with Microsoft CEO Satya Nadella.

Ambani says Trump will see a wholly new India

In dialogue with Satya Nadella, Reliance chairman says India will be the third biggest economy soon

24 Feb 2020 2:14 PM IST

As part of the Indo-US Homeland Security dialogue, six key sub-groups have been constituted for co-operation between security agencies of the two countries.

US likely to be India's top trading partner for 2nd year

Till the end of December quarter, at $68 billion, India's bilateral trade with the US has gone up above $64 billion with...

24 Feb 2020 2:39 AM IST