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The merger proposals in the banking sector would require a clearance from the Competition Commission of India, the ministry official said.

Stressed power assets strangulated in recovery

The failure has been much starker in the power sector, which contributes a major chunk of stressed assets.

27 Nov 2018 12:14 AM IST

The rupee finally settled at 69.89 on Tuesday, showing a modest gain of 4 paise over the previous close. (Representational image)

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely...

Out of the Rs 1.35 lakh crore, the government has already infused about Rs 82,000 crore through the bonds.

26 Nov 2018 3:06 PM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

Banks to get green signal for gold business

Allowing bullion banking will be a main step towards developing gold infrastructure in India and establishing gold as an...

26 Nov 2018 10:33 AM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Insolvency law help address Rs 3 lakh cr stressed assets in 2 yrs:...

Over 3,500 cases have been resolved at pre-admission stage and resulted in claims worth Rs 1.2 lakh crore getting...

24 Nov 2018 4:01 PM IST

The finance ministry said that the bill is far more depositor-friendly than in many other countries which provide for statutory bail-in without consent of creditors and depositors.

Finance Ministry likely to stick to capital infusion programme for PSU...

Out of the Rs 1.35 lakh crore, the government has already infused about Rs 82,000 crore through recap bonds.

23 Nov 2018 5:00 PM IST

Prime Minister Narendra Modi

400 districts to have city gas in 2-3 years, says PM Modi

The Prime Minister said oil sector is an example of reform, perform and transform philosophy of the NDA government.

23 Nov 2018 6:32 AM IST

The ministry of home affairs (MHA) recently made changes in the circular by including CEOs of PSBs in the list of officials who can make request for issuance of LOCs to the ministry.

PSBs to put defaulters on watch

CEO, MD given power to request for lookout notices.

23 Nov 2018 6:29 AM IST

(Representational image)

Give service charges to staff or Pay I-T

Infact few years back the finance ministry was forced to clarify that service charge imposed is different from service...

23 Nov 2018 12:49 AM IST

Percentage of employable population in the country grew to a new high of 47% this year, an increase of almost 2-3 percentage points since last year, with engineers being the most employable class, a report said on Thursday.

Hiring intent to touch 4-yr high

Tech, automotive among bullish sectors.

23 Nov 2018 12:45 AM IST

Prime Minister Narendra Modi addresses a public meeting in Anand, Gujarat (Photo: PTI)

PM Modi lays foundation stone for city gas work in 122 districts

PNGRB had offered 106 GAs in the previous eight bid rounds, of which 56 were awarded.

22 Nov 2018 5:19 PM IST

The H-1B visa legislation in the US, increasing automation, and the fallout of demonetisation have all created considerable impact on hiring by companies.

Tech hiring set to make comeback in 2019: report

According to India Skills Report, almost 64 per cent employers have a positive outlook on hiring.

22 Nov 2018 1:46 PM IST

BJP has proved an overwhelming number of opinion and exit polls wrong in the Karnataka Assembly election result. (Photo: ANI/Twitter)

Satta market sees BJP losing Rajasthan, struggling in MP, Chhattisgarh

The equity market might see a 200-point swing on knee-jerk reaction to the poll outcome

22 Nov 2018 10:37 AM IST