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Reserve Bank of India (RBI)

RBI fines 4 bank, including PNB for violation of KYC norms

RBI imposed a penalty of Rs 1.75 crore on four public sector banks, including PNB and UCO Bank.

3 July 2019 8:45 AM IST

Over 10 lakh offline merchants across India accept Paytm for payment including taxis, autos, petrol pumps, grocery shops, restaurants, coffee shops, multiplexes, and parking.

Paytm, Tencent may invest up to USD 125 million in MX Player

Paytm investment plans are part of its long-term plan to focus on providing more content to users and increasing...

3 July 2019 8:42 AM IST

L&T pays Mindtree shareholders for shares accepted in open offer

The infrastructure major's open offer - at Rs 980 a share - began on June 17 and concluded on June 28.

3 July 2019 8:38 AM IST

Tata Communications said on Sunday it has launched an advanced cyber security response centre in Dubai.

Tata Communications Managing Director, Group CEO Vinod Kumar quits

The company had posted a net consolidated loss of around Rs 82 crore for 2018-19 and Rs 16,527.95 crore in income from...

3 July 2019 8:34 AM IST

Even on a monthly basis, the July automobile retail sales across all categories grew 28 per cent to 15,56,777 units against 12,17,151 units in June. Representational image/DC file photo

Auto industry demands stimulus

Auto industry has been de-growing for the past 4 quarters. Customer sentiments remained low due to the overall slowdown...

3 July 2019 7:14 AM IST

To continue the uptrend, the market has to close above the recently made lifetime high which is 12,040 level.

Market looks forward to pro-growth steps

It is not expecting any additional measures on the taxation front such as cuts in corporate or personal income tax...

3 July 2019 7:10 AM IST

The steel exports to the US from China, Japan and South Korea have fallen by 4,88,000 tonne in six months since the imposition of the duty barriers by the Trump Administration.

Steel imports rise in FY19

These additional imports partly contributed to an increase in steel imports to 8.8 MT in FY2019 from 8.4 MT in FY2018.

3 July 2019 7:07 AM IST

Telecom major Bharti Airtel fell close to 10 per cent intra-day, but recovered later posting more than 3 per cent gain.

Market may remain range bound

The Sensex gained 129.98 points to close at 39,816 and the Nifty rose 44.70 points to 11,910.30.

3 July 2019 7:02 AM IST

Anecdotal evidence also showed that some gold entered from Singapore, where gold having purity of 24-carat gets melted into rough chains weighing up to 200 grams.

High prices fail to dampen gold imports in June

Increase in imports - both in volume and value- indicates that demand has not dropped for gold despite the six-year high...

3 July 2019 6:59 AM IST

Volvo bucks slow trend, sales up 11 per cent

The luxury carmaker sold a total of 1,159 units in the January-June 2019 period against 1,044 units in January-June...

3 July 2019 6:56 AM IST

Shelar also said that the number of seats in other junior colleges would be increased by the deputy directors of the respective regions. (File Photo)

Student housing is a buzzing space now

Student housing generates a massive demand of more than 10 million beds across the major education-focused cities.

3 July 2019 6:53 AM IST

The company is manufacturing module and solar panels, which were cheaper and durable, for Indian markets, general manager(business development) of Adani Solar Cecil Augustine told reporters. (Photo: File)

Solar imports drop 40 per cent in January-March

In Q1 2019, solar modules and cells worth nearly $650 million (Rs 4,500 crore) were imported by India.

3 July 2019 6:48 AM IST