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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 puts up 11 NPA accounts for sale to recover Rs 1,019 crore

SBI has reported a hefty loss of Rs 4,876 crore for the June quarter due to higher NPAs or bad loans.

5 Nov 2018 11:19 AM IST

Sahara chief Subrata Roy

Sahara accuses Sebi of overlooking fact

The Group insisted that everything was done as per law and after taking all the necessary permissions from the...

3 Nov 2018 1:15 AM IST

IOCs current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

IOC Q2 profit drops 12.6 per cent on forex losses, low margins

The company suffered a foreign exchange loss of Rs 2,600 crore in the quarter as rupee depreciated.

2 Nov 2018 6:20 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

Axis Bank Q2 net profit jumps 83 per cent to Rs 790 crore

The bank had registered a net profit of Rs 432 crore in the July-September quarter of 2017-18.

2 Nov 2018 5:07 PM IST

There would be no privatisation of the state-owned Coal India, said interim CMD Gopal Singh.

CIL coal output in Apr-Oct rises 10 per cent to 306 million tonne

Overall offtake during the reported period was 340.81 MT, clocking 7.4 per cent growth.

2 Nov 2018 3:02 PM IST

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB posts Rs 4, 532 crore loss in Sept quarter as bad loans soar

The bank's gross non-performing assets as a proportion of gross advances rose sharply to 17.16 per cent.

2 Nov 2018 1:24 PM IST

Ikea, famous for its self-assembly products, faces a tough challenge in India where people are not used to having to put together assemble furniture themselves, analysts say. (Photo: AFP)

IKEA India to create 10000 jobs in Maharashtra

IKEA will offer many co-worker friendly policies to support life situations for women and men.

2 Nov 2018 10:22 AM IST

Sahara chief Subrata Roy. (Photo:PTI)

Sebi cracks down on Sahara again, orders over Rs 14,000 cr refund with...

Sebi said it came across the alleged irregularities relating to SICCL while it was investigating the other two...

1 Nov 2018 5:32 PM IST

Airtel tops in 4G download speed, Idea in upload: OpenSignal

Airtel came top in our analysis of download speed experience with a score close to a third faster than its rivals.

1 Nov 2018 5:01 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.

ArcelorMittal Q3 net income declines 25 pc to USD 0.9 billion

The company's gross debt was at USS 13.0 billion as of September 30, 2018.

1 Nov 2018 2:56 PM IST

Firms incorporated by Chief Financial Officer Chander Wadhwa acted as conduit to divert homebuyers money from Amrapali Group, says Supreme Court. (Photo: Amrapali.in)

Amrapali CFO gifted luxury car worth 43 lakhs, Supreme Court told

Amrapali CFO Chander Wadhwa got luxury car, had a liability of Rs 2 crore as income tax.

1 Nov 2018 11:59 AM IST

ONGC may buy all of the governments 51.11 per cent stake in HPCL

HPCL continues to not recognise ONGC as its promoter

ONGC earlier this year bought the government's entire 51.11 per cent stake in HPCL for Rs 36,915 crore.

31 Oct 2018 6:07 PM IST