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Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance:...

The merged entity will have a market share of about 6.8 per cent by loans, according to data as of March 2018.

18 Sept 2018 10:58 AM IST

The retail prices of diesel and petrol are the lowest in Delhi, among Indias key metropolitan cities. (Representational Images)

Petrol prices rule high as govt stubborn on fiscal target

Centre collected a staggering Rs 2,29,019 crore as excise revenue from the petroleum sector in FY18.

18 Sept 2018 10:53 AM IST

Shares of Bank of Baroda was trading 0.25 per cent up at Rs 138.95 on BSE.

Vijaya, Dena, Bank of Baroda in 3-way bank merger

Merged entity will be 3rd largest bank after SBI and PNB in terms of size, deposits and will continue to receive capital...

18 Sept 2018 10:29 AM IST

NSE Nifty reclaimed the 9,900-level and BSE Sensex climbed over 167 points in early trade on Thursday. Photo: PTI

Sensex, Nifty turn choppy on global rising trade war concerns

The NSE Nifty, too, turned negative and was trading 10.60 points, or 0.09 per cent, lower at 11,367.15.

18 Sept 2018 10:19 AM IST

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 to sell 8 NPAs to recover dues worth over Rs 3,900 crore

SBI's gross NPAs rose to 10.69 per cent of the total advances at the end of June this year, as against 9.97 per cent a...

18 Sept 2018 10:14 AM IST

The rupee pared initial gains to fall 7 paise to 71.82 against the US currency in late morning deals on Thursday on bouts of dollar demand from banks and importers. (Photo: DC)

Rupee recovers 10 paise against USD in early trade

Rupee is trading at 72.41 against the US dollar amid volatility on fresh selling of the US currency by exporters.

18 Sept 2018 10:08 AM IST

The Sensex crashed over 505 points to slip below the 38,000-level as rupee woes and global trade war worries spooked investors despite the government announcing a slew of measures to stem a steep fall in the domestic currency.

Goldman goes bearish on Indian stock market

The Bank has been strategically overweight since 2014.

18 Sept 2018 12:12 AM IST

Infosys has said that its Rs 13,000-crore buyback offer will open on November 30 and end on December 14. (Photo: AFP)

Infosys doubles investment in US-based TidalScale to USD 3 million

Infosys has made an additional investment of USD 1.5 million through the Infosys Innovation Fund in TidalScale.

17 Sept 2018 6:10 PM IST

To improve ease of doing business, a new scheme of self-assessment-based duty-free procurement of inputs required for exports has been introduced.

Govt may extend deadline for imposition of higher duties on 29 US...

India's exports to the US in 2017-18 stood at USD 47.9 billion, while imports were USD 26.7 billion.

17 Sept 2018 5:31 PM IST

(Photo: Twitter | @olacabs Screengrab)

Ola zones, kiosks coming up in city airport

The tie-up would provide convenience, accessibility and reliability to millions of passengers moving in and out of the...

17 Sept 2018 4:21 PM IST

The BSE Sensex on Friday soared to life-time high of 33,270.62 and the NSE Nifty scaled another record high of 10.366.15 in opening trade. Photo: AP

Sensex crashes 505 points on rupee woes, global worries

The BSE 30-share barometer, after a lower start at 38,027.81, quickly cracked the 38,000-mark to hit a low of 37,548.93.

17 Sept 2018 4:13 PM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Hope to cross Rs 11.5 lakh cr direct tax collection target for FY19:...

Direct tax collections grew a paltry 4.2 per cent on year to Rs 1.54 lakh crore in April-June.

17 Sept 2018 3:33 PM IST