Home » Business

Business - Page 834

This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by NBFC Bajaj Finance with its customers. (Photo: ANI)

RBI imposes monetary penalty of Rs 10 million on Bajaj Finance

The order is dated Jan 3 and penalty has been imposed in the exercise of powers vested in RBI under relevant provisions...

15 Jan 2019 2:52 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)

Govt keen to pare stake in banks to 52 per cent, but capital infusion...

State Bank of India has already initiated steps for a Rs 20,000-crore share sale through qualified institutional...

15 Jan 2019 2:14 PM IST

On reports about the presence of over 50 Chinese aircraft in Tibet region, he said it is not a threat as India also has a number of air bases on the eastern front. (Representational image | AP)

India to add 1,000 aircraft in 7-8 years: Govt official

The domestic aviation has been growing at 20 per cent every year, for the last four years.

15 Jan 2019 12:43 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Demonetisation, GST affecting Mudra loan recovery, says Sena

Loans worth Rs 2.46 lakh crore have been disbursed so far to 4.81 crore small scale industrialists.

15 Jan 2019 12:13 PM IST

A typical credit card can be availed by visiting a bank branch or by filling an online form. But not an SPC. These are typically an invitation-only offering.

Why you should not use credit card for cash withdrawal

You will end up paying hefty cash withdrawal fee and advance payment charges.

15 Jan 2019 12:00 PM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Etihad to raise stake in cash-strapped Jet Airways: source

Etihad's stake will be capped at 49 per cent given foreign ownership rules in Indian airlines.

15 Jan 2019 11:10 AM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Finance ministry for caution on Mudra loans without stifling credit

Mudra loans NPAs at best could be under 3.5 per cent of total outstandings of Rs 2. 4 lakh crore of the PSBs in fiscal...

15 Jan 2019 10:55 AM IST

On Tuesday, the Indian rupee closed the session on a flat note at 69.83 a dollar.

Rupee falls10 paise against dollar in early trade

Rupee opened weak at Rs 70.79 then fell further to 71.02 against the American currency.

15 Jan 2019 10:35 AM IST

1,500 points swing was recorded in Sensex before it settled the day at 279.62 points, or 0.75 per cent lower at 36,841.60.

Sensex rallies over 300 pts; Nifty reclaims 10,800 mark

Market sentiment upbeat after govt data revealed retail inflation dropped to 18-month low of 2.19 per cent in Dec 2018

15 Jan 2019 10:10 AM IST

The retail inflation which is based on the Consumer Price Index (CPI) was 2.33 per cent in November and 5.21 per cent in December 2017.

Inflation dips to 18-month low

While the retail inflation dipped to an 18-month low of 2.19 per cent, the wholesale inflation fell to an eight-month...

15 Jan 2019 12:52 AM IST

Bharti Airtel Ltd is mulling phasing out its 3G service in two years and upgrading all its subscribers to the 4G network. (Photo: PTI)

Airtel to deploy pre-5G mobile network tech for Kumbh this week

The telecom firm also announced initiatives to offer a digital Kumbh Mela 2019 experience to its customers.

14 Jan 2019 5:59 PM IST

Myntra, on Monday announced that it has acquired Witworks.

Ananth Narayanan steps down as Myntra-Jabong CEO

Myntra said Narayanan has decided to step down as CEO of Myntra and Jabong to pursue external opportunities.

14 Jan 2019 5:28 PM IST