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Petronet LNG, Indias biggest liquefied natural gas importer, has paid a 12.5 per cent higher commission-on-profit to its chief executive Prabhat Singh and company directors in the fiscal year ended March 31, 2018.

Petronet CEO gets 12.5 per cent higher commission in FY 2018

Petronet is registered as a private limited company but is headed by the Oil Secretary.

13 Sept 2018 2:24 PM IST

The BSE Sensex on Wednesday soared to a life-time high of 33,117.33 and the NSE Nifty scaled a historic 10,340.55 mark in opening trade. (Photo: AP)

Investor wealth zooms Rs 12 lakh crore so far in FY 2018-19

The key index touched its lifetime high of 38,989.65 on August 29, this year.

13 Sept 2018 2:15 PM IST

Patanjali enters dairy business; eyes sales worth Rs 1,000 cr next...

Patanjali had also ventured into frozen vegetable segment and has introduced products such as sweet corn, pea and potato...

13 Sept 2018 2:07 PM IST

PDS sugar rate for select groups is also hiked from Rs 15 per kg to Rs 20.

Brazil, Australia to fight any Indian sugar export subsidy

The two countries reached a consensus regarding the need to act at the WTO level if India moves to provide an export...

13 Sept 2018 2:02 PM IST

RBI governor Urjit Patel

RBI governor to give pep talk to anti-corruption officers

The Reserve Bank of India governor will deliver the lecture on September 20 at the CVC office.

13 Sept 2018 1:22 PM IST

The government has withdrawn the preliminary information memorandum for proposed disinvestment of helicopter services provider Pawan Hans.

Pawan Hans stake sale: Govt extends deadline for initial bids

The previous deadline for expression of interest (EoI) was to end on Wednesday.

13 Sept 2018 1:20 PM IST

BlackBerry hired Kokes in mid-2014 to lead its patent monetization strategy, as the Canadian handset maker turned software company looked to turn a trove of foundational technology patents collected in its heyday into hard cash to help augment its shrunken revenue.

BlackBerry to spark ultra-secure hyperconnectivity with new EoT...

BlackBerry Spark stands as the only platform designed and built for ultra-security and industry-specific...

13 Sept 2018 1:11 PM IST

Prime Minister Narendra Modi (Photo: File)

Cabinet approves policy to promote and incentivise hydrocarbon...

The policy aims to build a supportive ecosystem through academic and research institutes, industry-academia...

13 Sept 2018 12:58 PM IST

The government aims to contain the fiscal deficit for FY18 to 3.2 per cent of the GDP, and 3 per cent in FY19.

Govt determined to contain fiscal deficit at 3.3 per cent

The official said a depreciating rupee and high crude import bill would definitely put pressure on the country's current...

13 Sept 2018 12:49 PM IST

Public lender United Bank of India has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point or 0.05 per cent across tenors.

United Bank of India increases lending rate by 5 basis points

The one-year MCLR has been increased to 8.85 per cent from 8.80 per cent.

13 Sept 2018 12:40 PM IST

Railway Minister Piyush Goyal.

UPA govt gave loans blindly, weakened banking sector: Piyush Goyal

The bank losses increased from Rs 18,000 crore to Rs 53,000 crore in UPA years, Piyush Goyal alleged.

13 Sept 2018 11:54 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB invites bids from ARCs for 21 NPA accounts to recover Rs 1,320 cr

The scam-hit lender made NPA recoveries of over Rs 7,700 crore in the first quarter of 2018-19.

13 Sept 2018 10:19 AM IST