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The Board of Vijaya Bank has given its approval to a government proposal of consolidation with Bank of Baroda and Dena Bank as per reports from ANI.

BoB committee to meet next week to consider raising funds

The bank, however, did not elaborate on the quantum of funds it plans to raise.

13 Sept 2019 10:54 AM IST

DHFL is currently classified as stressed account but will slip into becoming a Non-Performing Assets (NPA) by December 31 unless a resolution is found.

DHFL, Altico default on payments

Altico added its total borrowing from banks and financial institutions is Rs 4,361.55 crore as on September 12, 2019.

13 Sept 2019 9:12 AM IST

Mahindra & Mahindra, Indias biggest utility vehicle maker, on Thursday rolled out a subscription-based service for retail buyers of its personal range of cars to boost sales ahead of festive season and amid worst slowing demand.

Mahindra & Mahindra offers SUVs on subscription

Earlier, Mahindra had also launched leasing scheme, in which one had to make a down payment for leasing a car.

13 Sept 2019 2:37 AM IST

Union Railways Minister Piyush Goyal (Photo: File)

Govt to release norms for foreign exchange loans to exporters at...

The programme will make foreign exchange credit available to exporters at competitive rates, said Commerce Minister...

12 Sept 2019 2:24 PM IST

The countrys largest car maker Maruti Suzuki India (MSI) today reported a 14.9 per cent increase in total sales at 1,60,598 units in March as against 1,39,763 units in the year-ago month.

Millennials opting for Ola, Uber not that a big factor for current...

Due to increased prices of auto parts, taxes and rise in insurance rates are some of the reasons for slow down in...

12 Sept 2019 10:58 AM IST

Amazon India expands delivery network ahead of festive sales

E-commerce companies see a large chunk of their sales coming in during the festive sales.

12 Sept 2019 9:19 AM IST

Shares of Allahabad Bank closed 1.96 per cent down at Rs 87.70 on BSE.

Boards of Allahabad, Andhra Bank schedule meeting for merger proposals

Following next year, Bank of Baroda had merged Vijaya Bank and Dena Bank with itself.

12 Sept 2019 9:14 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Bharti Airtel launches 1 Gbps broadband plan at Rs 3,999/month

The benefits include 3 months Netflix subscription gift, 1 year Amazon Prime membership and access ZEE5 and Airtel...

11 Sept 2019 3:04 PM IST

FMCG firm Wipro Consumer Care and Lighting on Thursday said it plans to invest Rs 220 crore to set up a new manufacturing facility for personal care products in Telangana.

Azim Premji, promoter group entities sold 22.46 cr shares worth Rs...

Wipro said it had bought back 32.3 crore equity shares under the c scheme at Rs 325 apiece.

11 Sept 2019 2:48 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC to invest Rs 13,000cr in Assam to drill over 220 wells

This investment is being made for drilling more than 220 oil and gas wells across the state, the company said.

11 Sept 2019 1:38 PM IST

In 2017, OLX ran the program across 20 cities touching over 3,000 dealers.

Pre-owned car sales expected to grow 10 per cent in 2019: OLX

Millennials emerge biggest buyers of pre-owned cars, according to a report by consumer-to-consumer marketplace OLX.

11 Sept 2019 12:34 PM IST

Late last month, the court ordered Singapore-headquartered Grab to pay the sum to Vietnam Sun Corp, better known as VinaSun, which had sought 41.2 billion dong in compensation.

Grab in talks to merge Indonesian payment firms to overtake Gojek:...

Grab and Gojek are the top-two startup brands in Southeast Asia, valued at USD 14 billion and USD10 billion.

11 Sept 2019 11:57 AM IST