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Reserve Bank of India (RBI)

RBI slaps Rs 7 cr penalty on SBI for violating various norms

The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) norms.

16 July 2019 8:54 AM IST

Reliance Jio is subsidiary of Reliance Industries.

Jio joins GSMA's Connected Women Initiative to bridge gender gap in...

GSMA and the service providers can together deliver significant socio-economic benefits and transform the lives of...

16 July 2019 8:49 AM IST

Deloittes filing showed it last month argued the government case should be dismissed because it came after the auditors 10-year stint at IFIN ended.

Deloitte misreading law, trying to avert ban: Government

Deloitte Haskins and Sells LLP is contesting the government's call for the ban on the auditor for its alleged...

16 July 2019 2:12 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.

Underlying trend stays subdued

The upper area of 11625-650 levels is going to be a strong overhead resistance for the market ahead.

16 July 2019 2:04 AM IST

Hyundai sells several low-priced vehicles in India, which could pose a challenge in terms of market positioning for Kia.

Kona SUV to be cheaper on GST cut

Services Tax from the present 12 per cent to 5 per cent on electric vehicles has been shared with the GST Council.

16 July 2019 2:00 AM IST

In December, at the CASP13 meeting in Riviera Maya, Mexico, DeepMind beat seasoned biologists at predicting the shapes of proteins, the basic building blocks of disease.

AI players could give Big Pharma a run for money

DeepMind's simulation doesn't yet produce the kind of atomic-level resolution that is important for drug discovery.

16 July 2019 1:54 AM IST

India has requested the US to exempt it from the hefty tariffs on steel and aluminium imports.

Steel consumers resent safeguard duty

Steel imports have considerably decreased in the last three years.

16 July 2019 1:46 AM IST

Finance Minsitry would soon be issuing new guidelines on appointing the heads.

Government mulls splitting top tier of general insurers

To a question if their tenure will also be similar to those of the banks, the source said, the government is working on...

16 July 2019 1:34 AM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

Three IL&FS group entities enter into pact with secured lenders

The lenders of three group entities have a debt burden of Rs 5,071 crore.

15 July 2019 7:44 PM IST

Representational image of an Indigo aircraft.

InterGlobe Aviation shares erase early losses; end 2 per cent higher

The scrip of the company had fallen 4.17 per cent to Rs 1,300 during the day on the BSE.

15 July 2019 7:34 PM IST

Allahabad Bank on Saturday became the second state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this month, adding to concerns about a banking industry burdened with bad debts. (Photo: Allahabadbank.in)

Allahabad Bank stock drops 8 pc after reporting Rs 1,775-cr fraud

Allahabad Bank is the second state-owned lender to report a fraud by Bhushan Power and Steel Ltd (BPSL), to the RBI.

15 July 2019 6:35 PM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

DHFL stock plunges 30 pc after Q4 loss

The company's market valuation also fell by Rs 625.96 crore to Rs 1,522.04 crore on the BSE.

15 July 2019 6:23 PM IST