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21 Regional Rural Banks amalgamated, says govt

The roadmap proposes to bring down the number of RRBs to 38 from 56, said MoS Finance Anurag Thakur.

8 July 2019 5:01 PM IST

The Mahindra XUV300 is within the crucial sub-four-metre length but it is still the widest compact SUV on sale and also has the longest wheelbase in its class.

Mahindra XUV300 gets the AMT; priced at 11.50 lakh

The AMT comes at a premium of up to Rs 70,000 over the manual variants.

8 July 2019 2:01 PM IST

Mindtree offers Smart Alert Management and Smart Reconciliation Management.

MindTree shares tumble 14.6 pc after chairman, CEO quit

The founders had vehemently opposed L&T bid, terming it hostile and as a grave threat and value destructive to...

8 July 2019 1:11 PM IST

Germanys biggest lender Deutsche Bank on Friday admitted to a massive erroneous transfer of 28 billion euros (USD 34 billion) in a routine operation, more than the entire bank is worth.

Deutsche Bank shares rise pre-market as 18,000 global job cuts begin

Deutsche had some 4,700 staff at its main regional offices in Sydney, Tokyo, Hong Kong and Singapore, as per its...

8 July 2019 12:42 PM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PNB shares drop over 11 per cent after BPSL fraud case

At present, the case is at NCLT which is in advance stage and the Bank expects good recovery in the account.

8 July 2019 12:32 PM IST

The government will meet the 3.5% fiscal deficit target for FY18 as broadly direct and indirect collections are in line with expectations and there have been some savings on expenditure, Hasmukh Adhia said.

India aims to cut stake in state-run firms to minimum in FY20: Source

Government seeks to shore up 1.05 trillion rupees (USD 15.30 billion) through stake sales in the current fiscal year.

8 July 2019 12:21 PM IST

Germanys biggest lender Deutsche Bank on Friday admitted to a massive erroneous transfer of 28 billion euros (USD 34 billion) in a routine operation, more than the entire bank is worth.

Deutsche Bank to cut 18,000 jobs in 7.4 billion euro overhaul

Deutsche Bank could cut as many as 20,000 jobs more than one in five of its 91,500 employees.

8 July 2019 8:56 AM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

PNB says detects 38-billion rupee fraud

PNB has been defrauded of over USD 2 billion in a separate scam that came to light last year.

8 July 2019 8:45 AM IST

The upcoming elections, rising inflation and interest rates could further dampen the buying sentiment in the real estate, making the task of loan recovery difficult.

Indian realty market passing through major consolidation: PropEquity

There has been a massive consolidation with over 50 pc of total developers that existed in 2011-12 leaving industry by...

7 July 2019 5:49 PM IST

Amazon.in has aggressively invested in expanding its infrastructure and delivery capabilities.

Amazon to launch specialised fulfilment centres in Patna, Guwahati

With these launches, Amazon will now have more than 50 FCs with more than 20 million cubic feet storage.

7 July 2019 5:12 PM IST

Rising input costs due to strengthening of the US dollar and increase in oil prices will make price hikes of consumer durable products inevitable from June, Godrej Appliances said.

GCPL Chairman Adi Godrej's FY19 remuneration 114-times higher than...

The number of permanent employees on the payrolls of the company as on March 31, 2019 was 2,781, the report said.

7 July 2019 11:59 AM IST

SoftBank wrote off 39.28 billion yen in the value of shares in its Indian investments

US clears SoftBank's USD 2.25 billion investment in GM-backed Cruise

The approval unlocks a seat for SoftBank on Cruise's board, formalising its oversight, and cements key financing for...

6 July 2019 11:39 AM IST