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The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI raises Rs 1,251 crore by issuing Basel III-compliant bonds

The bonds with a face value of Rs 10 lakh each bears a coupon rate of 9.45 per cent per anum.

23 March 2019 10:34 AM IST

Shaktikanta Das on Tuesday was appointed as the new governor of the Reserve Bank of India, a day after his predecessor Urjit Patel resigned. (Photo: File | PTI)

MPC to meet six times during 2019-20: RBI

MPC to decide on the first bi-monthly monetary policy statement for 2019-20 will be held from April 2 to 4.

23 March 2019 10:26 AM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Reliance says not breaching US sanctions against Venezuela

Reliance's few transportation fuel shipments to Venezuela, treated as offsets for crude oil receipts.

23 March 2019 10:16 AM IST

(Photo: Twitter | @olacabs Screengrab)

Why Karnataka government suspended Ola licence?

Ola Cabs' aggregator licence was suspended for a period of 6 months by the Karnataka government's transport department.

23 March 2019 10:11 AM IST

Nandi expects refrigerator sales to grow by 10 to 12 per cent and ACs by 12 to 15 per cent.

Rising summer heat lifts spirit of AC makers

Summer sales of air-conditioners and refrigerators have already picked up in south India.

23 March 2019 2:00 AM IST

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

Fitch cuts GDP growth to 6.8 per cent for next fiscal

It has also cut the GDP growth forecast for current fiscal to 6.9 per cent from 7.2 per cent projected in December.

23 March 2019 1:59 AM IST

State Bank of India

SBI raises Rs 1,251 crore via debt

The bonds carry a coupon of 9.45 per cent payable annually with call option after five years.

23 March 2019 1:59 AM IST

The regulatory mechanism still results in reasonably predictable cash flows for GHIAL over the five-year regulatory period, despite interim tariff volatility due to delayed regulatory resets.

GHIAL outlook stable

The tariff mechanism will allow for the eventual recovery of costs, capital spending, and returns, it said.

23 March 2019 1:59 AM IST

The government had set Rs 3,500 crore as the base issue size for the three-day issuance of the fifth tranche of the CPSE ETF.

CPSE ETF helps govt cross selloff target

Earlier government had mopped up Rs 50,809.76 crore from disinvestment of various public sector enterprises.

23 March 2019 1:59 AM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

SBI hopeful of Jet Air resolution this month

Naresh Goyal, Chairman, currently holds 51 per cent stake in Jet Airways, while Abu Dhabi-based Etihad Airways has a 24...

23 March 2019 1:58 AM IST

The new Porsche Cayenne Coupe is priced between $75,300 and $130,100 which translates to about Rs 51 lakh and Rs 89 lakh in the global market.

New Porsche Cayenne Coupe unveiled

This new model will directly take on the BMW X6 and the Mercedes GLE Coupe.

23 March 2019 1:57 AM IST

The Trend E is the latest addition to its Xero series and it is powered by a lithium-ion battery and boasts a top speed of 45 km/h. (Photo: Avan Motors))

Avan Motors launches e-scooter

A government subsidy of Rs 22,000 is provided on gearless electric scooter.

23 March 2019 1:56 AM IST