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Midsize private sector lender Yes Bank is aiming to evolve itself into a \technology company in the business of banking\ and has accordingly announced a rejig of its senior management.Business
Yes Bank raises USD 400 million through syndicated loan facility

Yes Bank's IBU has crossed USD 3 billion balance sheet within three years of starting operations at GIFT City.

11 Sept 2018 1:01 PM IST

The administration may also raise salaries paid to H1-B visa holders, a move that could significantly increase costs for IT companies that are already facing pressure on margins. (Representational image)Business
From Oct 2, unlisted cos to issue new shares in demat form: govt

The decision also comes at a time when the ministry is clamping down on shell companies.

11 Sept 2018 12:15 PM IST

UPA chairperson Sonia Gandhi and party chief Rahul Gandhi talk as former Prime Minister Manmohan Singh looks on during the 84th Plenary Session of Indian National Congress in New Delhi. (Photo: Sondeep Shankar)Business
Delhi HC rejects Rahul, Sonia's plea against tax reassessment of FY...

The court noted that the IT department has the power to reopen tax proceedings.

11 Sept 2018 12:13 PM IST

Bribery and corruption risks will remain the same or worsen in 2018. (Photo: Pixabay)Business
Corruption costs USD 2.6 trillion or 5 pc of global GDP, says UN chief

He urged the international community to work effectively against money laundering, tax evasion and illicit financial...

11 Sept 2018 12:00 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.Business
SC to hear tomorrow plea of ArcelorMittal against NCLAT order on Essar...

Anil Aggrawal's Vedanta is a third qualified bidder for Essar Steel.

11 Sept 2018 11:45 AM IST

Domestic car sales also ticked up to 1,72,623 units as against 1,64,559 in February last year, up 4.9 per cent.Business
PV sales decline 2.46 per cent in Aug, car sales down 1 per cent

Sales of commercial vehicles jumped by 29.56 per cent to 84,668 units in August as against 65,350 units.

11 Sept 2018 11:22 AM IST

The first liquefied natural gas (LNG) shipment from the US arrived at the Dabhol terminal of state-run gas major Gail here on Friday.Business
GAIL India says aims to add 5,500 km gas pipeline in 3 years

India wants to raise share of natural gas in its energy mix to 15 per cent in next few years from about 6.5 per cent.

11 Sept 2018 11:08 AM IST

Raghuram RajanBusiness
Raghuram Rajan blames 'over optimistic bankers' for mounting bad loans

A larger number of bad loans were originated in the period 2006-2008 when economic growth was strong.

11 Sept 2018 10:21 AM IST

File image of a man counting cash at a petrol pump.Business
Fuel prices continue the upward march

In Mumbai, petrol and diesel have touched a new high of Rs 88.26 and Rs 77.47 per litre.

11 Sept 2018 10:07 AM IST

The Sensex garnered 847.96 points 3.14 per cent last week.Business
Sensex, Nifty turn choppy on mixed Asian cues

The 30-share index opened higher by 95.32 points, or 0.25 per cent, at 38,017.49.

11 Sept 2018 9:56 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)Business
Rupee recovers 15 paise against USD in early trade

Rupee is trading at 72.30 against the US dollar amid increased selling by banks and exporters.

11 Sept 2018 9:35 AM IST

A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.Business
Iraq replaces Saudi as top oil supplier to India in August: report

Overall India's monthly oil imports in August rose 3.1 per cent to about 4.7 million barrels.

11 Sept 2018 9:19 AM IST

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