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According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.Business
Key positions in SBI, BoB await govt okay

Interviews for the post were held in the last week of October, in which 17 candidates appeared from both SBI and other...

20 Jan 2020 1:44 AM IST

Scheme has provided an average of 41.44 days of employment per household.Business
Over 70 per cent dip in 100 days work under MGNREGA

MGNREGA payouts have been a key factor that has affected the rural economy adversely this year.

20 Jan 2020 1:39 AM IST

Banks have recognised DHFL and Cox & Kings as fraud and those that have an exposure to these accounts will have to provide 100 per cent upfront for the exposure.Business
Provisioning to stay high for banks in Q3

While DHFL's total debt is about Rs 80,000 crore, lenders exposure to the account is around Rs 40,000 crore.

20 Jan 2020 1:35 AM IST

Office spacesparticularly in CBD and SBD areashave gained significant momentum over the last four years.Business
Office market booming despite economic woes

Three top office markets of India touched, or were very close to, 10 mn sq. feet mark: Bangalore, NCR & Hyderabad.

18 Jan 2020 1:38 AM IST

Free Trade Agreements (FTAs) have not benefitted India much. Exports to countries with whom India has entered into FTAs have grown by a meagre 10 per cent in FY19, while the imports have grown by 27 per cent.Business
Sectoral focus could lift exports by $100 bn-$150 bn in 10 years

In the global chemical trade of $2.3 trillion, India has a share of $50 billion.

18 Jan 2020 1:36 AM IST

In the international market also, gold prices were trading higher at USD 1,502 an ounce and silver at USD 17.71 per ounce.Business
Gold demand to remain positive in 2020: WGC

Net gold purchases by central banks will likely remain robust even if they are lower than the record highs seen in...

18 Jan 2020 1:34 AM IST

Sebi Chairman Ajay Tyagi said compliance to the corporate governance should be on a principled basis and not merely from a \tick-mark\ perspective where a company only looks at mandated requirements.Business
Exchanges can launch options in goods

The exchanges should also augment their monitoring and surveillance capacity, Sebi said.

17 Jan 2020 2:36 AM IST

Supreme Court of India (Photo: File)Business
Telcos get no relief from Supreme Court

Bharti Airtel said it was disappointed with the Supreme Court's decision and it would evaluate filing another petition.

17 Jan 2020 2:34 AM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.Business
Fewer people approach insurance ombudsmen

Despite the number of consumer complaints rising, those being filed with the ombudsmen has been coming down.

15 Jan 2020 1:22 AM IST

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.Business
LIC's new biz rises 18 per cent

Private life insurers clock a growth of 16 per cent to Rs 24,631 crore during April-December.

15 Jan 2020 1:20 AM IST

Martin Schwenk, MD & CEO, Mercedes-Benz India with EQ.Business
Mercedes launches EQ electric in India

Mercedes-Benz has already started production of its first electric car EQC which has a range of 400 km on a single...

15 Jan 2020 1:16 AM IST

Reserve Bank of India (RBI)Business
High inflation may force RBI to extend rate pause

Both Consumer Price Index (CPI) inflation and Wholesale Price Index (WPI) inflation rose on the back of higher food...

15 Jan 2020 1:13 AM IST

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