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State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB board to consider Rs 18,000-crore capital infusion this week

The board shall consider capital infusion up to Rs 18,000 crore in its meeting scheduled on September 5, 2019, PNB said.

2 Sept 2019 8:16 PM IST

State Bank of India

SBI Cards says IPO process initiated, decision on timing to hit mkt...

State Bank of India (SBI) holds 74 per cent stake in the SBI Card and the rest is held by Carlyle Group.

2 Sept 2019 8:03 PM IST

Flying allowance, which constitutes between 50-80 per cent of a pilots salary. (Representational Image)

IndiGo second on international routes, we are still market leader: Air...

According to aviation regulator DGCA, IndiGo had around 47 per cent share of the domestic passenger market in July this...

2 Sept 2019 7:53 PM IST

Larsen and Toubro (L&T) on Thursday said its subsidiary L&T Construction has bagged orders worth Rs 2,440 crore in the domestic market.

India Inc's foreign borrowings more than double to USD 4.98 bn in...

Of total money borrowed by domestic companies, USD 3.37 billion was through automatic route of external commercial...

2 Sept 2019 4:48 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline...

Out of the 5.65 crore ITRs filed so far, 3.61 crore have been verified.

2 Sept 2019 4:40 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold slips Rs 40 to Rs 39,600 on muted demand

Traders said subdued demand from local jewellers led to the fall in gold prices.

2 Sept 2019 4:18 PM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

Fitch Solutions says India GDP growth to rebound at slower pace

India's real GDP growth slumped in Q1 of FY2019/20 (April-March) to 5 pc year-on-year, from 5.8 pc in Q4 (January-March)...

2 Sept 2019 3:12 PM IST

The last time it had posted higher sales than this was in March 2019 when it had sent 145,031 units to its dealers.

Auto industry seeks immediate policy steps as sales continue to...

The consumer sentiment also continues to be low and there is clearly a trust deficit in lending money to the dealers.

2 Sept 2019 3:05 PM IST

40% anticipate GDP growth to range between 6.5-7% in FY18 which is in line with various international organisations.

India's growth likely to reach a trough in June qtr; recovery to be...

According to the UBS India financial conditions index, growth may have reached a trough in the June 2019 quarter.

2 Sept 2019 2:57 PM IST

There would be no privatisation of the state-owned Coal India, said interim CMD Gopal Singh.

Coal India output drops 10.3 per cent in August

CIL's production in the same month a year ago stood at 38.78 million tonnes.

2 Sept 2019 1:33 PM IST

Digital payments company Paytm has partnered with Twitter to integrate Twitter Highlights

Paytm Money elevates Pravin Jadhav as MD and CEO; to invest Rs 250 cr...

Prior to Paytm Money, Pravin Jadhav worked with Servify and Rediff.com.

2 Sept 2019 1:04 PM IST

October manufacturing PMI data comes in sharp contrast to the robust show by India on World Banks Ease of Doing Business ranking.

India manufacturing PMI drops to 15-month low in Aug

On the employment front, the survey said weak sales prevented manufacturing firms from replacing retirees and voluntary...

2 Sept 2019 12:07 PM IST