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Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI bans NBFCs from charging loan foreclosure penalties

Foreclosure charges are part of the fee income for any lender and add to its bottomline.

3 Aug 2019 11:29 AM IST

Finance Minister Nirmala Sitharaman on Friday said that every single rural family will have electricity and a clean cooking facility by 2022. (Photo: ANI)

Sitharaman to meet heads of public and private sector banks on Monday

In the last few months, there have been signs of revival in public sector banks.

3 Aug 2019 11:24 AM IST

FPIs had invested over Rs 20,000 crore in the capital market in September 2016.

Forex reserves fall by USD 727 million to USD 429.6 billion

The country's reserve position with the fund also declined by USD 15.8 million to USD 3.534 billion, the apex bank said.

3 Aug 2019 11:20 AM IST

S V Ranganath appointed as the interim chairman of the Coffee Day Enterprises.

Coffee Day board not to take up results for June quarter next week

The development comes in the backdrop of the company's chairman and managing director V G Siddhartha was found dead.

3 Aug 2019 11:16 AM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Maruti Suzuki cuts temporary jobs as sales plunge

India's jobless rate rose to 7.51 pc in July 2019 from 5.66 pc a year earlier, according to private data group CMIE.

3 Aug 2019 11:11 AM IST

It would have more than 5,000 shops, 300 retail outlets with world-class infrastructure, warehousing, logistics, supply and trade ecosystem. (Photo: Pixelbay)

Bata to add 500 outlets in next 5 years

At present, the company has nearly 1,500 Bata Retail stores and nearly 150 franchise outlets.

3 Aug 2019 2:35 AM IST

Thirdhand smoke, or THS, results when exhaled smoke and smoke emanating from the tip of burning cigarettes settles on surfaces such as clothing, hair, furniture, and cars. (Photo: Representational/Pixabay)

Taking on the tobacco fight with regulations at the forefront

Most countries are focusing on the perceived benefits of ENDS and advantages to adult smokers.

3 Aug 2019 1:21 AM IST

The company said that the FMCG-others segment delivered a resilient performance during the quarter amidst a marked slowdown in the FMCG industry across urban and rural markets.

ITC Q1 net profit up 12.6 per cent

The company had posted a net profit of Rs 3,049 crore in the previous fiscal.

3 Aug 2019 1:21 AM IST

The Nifty claiming 11,l883 and Sensex 39571 marked the day with all the bullishness summoned up from yesterdays gains but selling emerged at higher levels.

Markets looking indecisive in short term

The Nifty witnessed a 150 points recovery from the lows of 10848 while the Sensex recovered nearly 500 points from the...

3 Aug 2019 1:20 AM IST

The slow pace of revenue growth can be attributed to a broad-based slowdown in consumption, which has affected sectors such as automobiles and fast-moving consumer goods (FMCG).

FMCG firms face demand dearth, push inventory

Average stock at trade channel up by 10 days to 25 days.

3 Aug 2019 1:20 AM IST

Mr. Rahil Ansari, Head Audi India posing with the Audi e-tron, in Gurugram.

Audi to launch 30 e-cars, first e-Tron SUV debuts

Audi e-Tron is powered by two motors.

3 Aug 2019 1:20 AM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

SBI posts Rs 2,312 crore profit, but slippages rise

The lender had reported a net loss of Rs 4,876 crore during Q1FY19.

3 Aug 2019 1:18 AM IST