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The finance ministry has asked banks to be vigilant to ensure that wilful defaulters are prevented from buying same stressed assets again. (Photo: PTI)

Bank workers at it again: Second nation-wide strike within a week

The unions are claiming that the merger is not in the interest of banks or their customers and will in fact be...

26 Dec 2018 10:04 AM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

NCLT helps recover Rs 80,000 crore

In 2019, the NCLT is expected to finalise corporate insolvency resolution process of several stressed assets.

26 Dec 2018 12:57 AM IST

West saw large endowments due to inheritance tax: FM Arun Jaitley

Inheritance tax is levied on the wealth inherited by the legal heirs of a deceased person.

26 Dec 2018 12:57 AM IST

Australian Indo Gold Limited discovers 38.5 million tonnes low grade gold resources in Jagpura

Gold firms up by Rs 125 per 10 gm, silver remains flat

Gold is trading at Rs 32,400 per 10 gram at the bullion market in the national capital on higher demand from local...

25 Dec 2018 4:16 PM IST

Niti Aayog had earlier proposed doing away with the distinction between plan and non-plan expenditure.

Need to open up India's dredging market to boost ports trade: NITI...

The government has already made an action plan to increase the draft depth of ports.

25 Dec 2018 1:46 PM IST

The Rs 20 notes accounted for 9.8 per cent of the total number of currency notes in circulation at the end of March 2018. (Photo: RBI release)

RBI to soon release new Rs 20 bank note

The new look notes are being introduced since November 2016 under Mahatma Gandhi (New) series.

25 Dec 2018 12:40 PM IST

Gold prices went down by Rs 200 to Rs 31,350 per ten grams at the bullion market on Friday.

Gold ETFs lose sheen, investors withdraw Rs 280 cr in Apr-Nov

Gold-linked ETFs had witnessed a withdrawal of Rs 511 crore in the first eight months of 2017-18.

25 Dec 2018 11:34 AM IST

At present, Patanjali has 230 acres in non-SEZ and 60 acres within SEZ area of Mihan.

Patanjali stays interested in Ruchi Soya

Adani Wilmar's concern over deteriorating asset quality of edible oil firm will help Ramdev's company to express its...

25 Dec 2018 11:09 AM IST

In the past week, in all likelihood, the central banks of India and Indonesia pumped in billions of dollars to support their respective currencies with the Indian Rupee touching record lows against the US dollar and the Rupiah reaching its lowest level since the Asian financial crisis of 1998. (Photo: AFP)

Rs 83,000 crore banks recap exercise to start next week

The infusion is also expected to help four-to-five banks to pull out from the PCA framework and also help loan growth.

25 Dec 2018 10:25 AM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

Crude nears 2018 lows as markets slide on US cues

Investors have flocked to perceived safe-haven assets such as gold and government debt, at the expense of crude oil and...

25 Dec 2018 1:24 AM IST

The Mahavitaran company has offered to waive the fine and interest on the electricity charges under the scheme. (Representational image)

Prepaid meters set to be made compulsory

The Central government may introduce prepaid electricity recharge cards similar to the ones for mobile phones.

25 Dec 2018 1:24 AM IST

Rupee on Monday made a strong comeback from its life-time low of 70.15 against the dollar and ended with a stellar 33 paise gain at 69.82 on heavy dollar unwinding and a robust rally in domestic equities. (Representational image)

Rupee recovers 4 paise on weak dollar, falling crude

Rupee is trading at 70.14 against US currency, aided by weak crude oil prices and the dollar's losses.

24 Dec 2018 6:05 PM IST