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Former prime minister Manmohan Singh

State of economy deeply worrying: Manmohan Singh

Former PM Manmohan Singh said the last quarter GDP growth rate of 5 per cent signals that 'we are in midst of a...

1 Sept 2019 11:07 AM IST

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Bank employees stage protest against Centre's decision to merge PSU...

Employees of all public and private sector banks wore black badges to work as a mark of protest to the govt's decision.

31 Aug 2019 2:19 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Board to soon consider amalgamation with OBC, United Bank: PNB

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.

31 Aug 2019 2:14 PM IST

US President Donald Trump speaks about a state of emergency from the Rose Garden of the White House in Washington, DC.

13 per cent companies will leave China 'in the fairly near future':...

A fresh set of tariffs are set to be imposed on Chinese products from September 1.

31 Aug 2019 1:54 PM IST

Currency experts have a bullish outlook for the rupee this week.

Govt to infuse Rs 55,250 cr for strengthening banks, push lending

Bank of Baroda will get Rs 7,000 crore, Indian Overseas Bank Rs 3,800 crore and Central Bank of India Rs 3,300 crore.

31 Aug 2019 12:34 PM IST

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Banks merger reflects govt resolve to address economic slowdown: India...

Manufacturing output and subdued farm sector activity pulled down India's GDP growth to 5 pc in April-June quarter.

31 Aug 2019 11:08 AM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

2 pc TDS on cash withdrawals of over Rs 1 crore from Sep 1: Tax dept

If a person has already withdrawn Rs 1 cr or more in current fiscal, the 2 pc TDS shall apply on all subsequent cash...

31 Aug 2019 10:58 AM IST

In an earlier report, the committee had recommended the option of handing over the management of BSNL and MTNL to those professionals who have a proven track record of facing a stiff competitive environment coupled with efficient management of finances, equipment, manpower and modern marketing strategies.

BSNL facing challenge in crediting month's salary on Aug 30: source

BSNL's loss is estimated to be around Rs 14,000 crore with a decline in revenue to Rs 19,308 crore during 2018-19.

31 Aug 2019 10:35 AM IST

$5.76 billion in FDI equity inflows was received by the food processing sector from 2010-11 to 2015-16.

Amazon and Indian trader group in public spat over discounts

New FDI rules that took effect from February were designed to help small traders by curbing heavy online discounting.

31 Aug 2019 10:29 AM IST

FMCG prices will go up once some of the costlier alternative materials are used.

No solution yet on multi-layered FMCG packaging waste

But concerted efforts to address this waste management issue are still missing.

31 Aug 2019 1:48 AM IST

Finance Minister Nirmala Sitharaman (Photo: File)

Govt unveils mega-mergers of PSU banks for economy boost

Number of public sector banks falls to 12, from 27 in 2017.

31 Aug 2019 1:46 AM IST

Notably, 22 per cent of firms still foresee rates rising by up to 50bps over the next 12 months.

C-suite execs see modest demand momentum over next 12 months

Only one-third of the respondents expected double-digit growth in overall demand.

31 Aug 2019 1:46 AM IST