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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.Business
Kotak 811 account offers 6 per cent interest on savings, book from...

The name 811 is inspired by November 8, 2016, the day decision of demonetisation was announced by Prime Minister...

20 Aug 2017 6:16 PM IST

Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.Business
CBDT hikes upfront payment in tax disputes, experts term move 'harsh'

Earlier, the threshold for obtaining a stay on outstanding demand was 15 percent of the disputed tax demand.

20 Aug 2017 6:00 PM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTIBusiness
Eight of top 10 firms add Rs 54,968 cr in m-cap

Infosys and State Bank of India (SBI) however suffered losses in their market capitalisation (m-cap) for the week ended...

20 Aug 2017 5:13 PM IST

All unions under the aegis of UFBU have threatened to go on strike against the governments proposed consolidation move on Tuesday. Photo: Representational/PTIBusiness
Banks threaten to go on strike on Tuesday, services may suffer

All unions have threatened to go on strike against government's proposed consolidation move besides raising other...

20 Aug 2017 4:47 PM IST

Homebuyers have been protesting after NCLT admitted IDBI Banks insolvency plea against Jaypee Infratech. Photo: Representational/PTIBusiness
NCLT, IBC should protect rights of home buyers: Assocham

Efforts should be made to revive projects of Jaypee Infratech whose 32,000 customers have not got possession of their...

20 Aug 2017 4:30 PM IST

Coal MineBusiness
Coal India seeks to limit wage outgo as profits come under stress

The management restricted themselves to about 15 per cent hike in minimum guaranteed benefits.

20 Aug 2017 4:11 PM IST

Infosys Board blamed Narayana Murthys \continuous assault\ as the primary reason for CEO Vishal Sikka quitting the company.Business
Sikka saga:Institutions need to outlive founders, feel experts

Experts also opined that it is generally seen that problems emerge when a non-promoter takes charge of the top job.

20 Aug 2017 3:52 PM IST

Foreign portfolio investors (FPI) have pulled out more than Rs 7,300 crore from the equity markets in August.Business
Foreign investment dips as FPIs pull out Rs 7,300 crore from equities...

However, FPIs have invested about Rs 9,364 crore in debt markets during this period.

20 Aug 2017 3:34 PM IST

322 infrastructure projects worth Rs 150 crore or above each have seen cost overrun of Rs 1.71 lakh crore. Photo: AFP/ RepresentationalBusiness
322 infrastructure projects overshoot cost by Rs 1.71 lakh crore:...

The report said that 105 projects showed both time and cost overrun with respect to original implementation schedules.

20 Aug 2017 3:17 PM IST

Infosys co-founder N R Narayana Murthy. (Photo: PTI)Business
Murthy'r shadow to make hunting for new Infosys chief difficult

Murthy has for past several months raised issues of alleged corporate governance lapses at the company.

20 Aug 2017 2:46 PM IST

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)Business
Regional rural banks' mergers ordered by govt exempt from CCI approval

The Competition Commission of India (CCI) keeps a tab on unfair business practices across sectors.

20 Aug 2017 2:05 PM IST

Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.Business
IOC to expand Paradip refinery after deal on tax incentives with...

State-owned Indian Oil Corp (IOC) will invest about Rs 52,000 crore in expanding Paradip refinery.

20 Aug 2017 1:44 PM IST

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