Business

The charges for non-maintenance of average monthly balance for SBI customers in metro and urban centres have been reduced from a maximum of Rs 50 per month plus goods and services tax (GST), to Rs 15 per month plus GST. The above revision will benefit 25...

Stressing that the asset quality situation of the domestic banks has deteriorated compared to their peers elsewhere, IMF deputy managing director Tao Zhang said banks should continue working on improving their balance sheets on a priority basis.

The centre has decided to push electrical mobility in a big way as it is environment friendly and will also reduce dependence of oil imports, said a letter written by Power Minister R K Singh to different ministries.

The Aadhaar-issuing body is of the view that the enrolment or updating activity carried out in each of these laggard branches must be at least 16 per day.

Based on recommendations of telecoms regulator and the Telecom Commission, the cabinet also removed the intra-band cap but said mobile carriers would have to adhere to a 50 percent cap on combined airwaves holdings below 1 GHz bands.

Besides, strength in dollar against other currencies overseas on rising hopes that the Fed would hike interest rates also kept pressure on the domestic unit, dealers said.

The ED told the court that Nirav Modi established various firms in Hong Kong, the USA, the UK, the UAE, South Africa and Singapore.

The exodus of corporate names, ranging from a major insurer to car rental brands and a household moving company, began after the NRA launched a counter-offensive against a student-led campaign for tighter U.S. gun laws.

Donald Trump has already called out India for its duties on Harley-Davidson motorbikes, and this month PM Narendra Modi ordered them cut to 50 percent from 75 percent for high-end bikes.

With an estimated value of about $50,000, the one-page application from 1973, complete with spelling and punctuation errors, lists his name as "Steven jobs" and address as "reed college," the Oregon college he attended briefly, Boston auction house RR Auc...

The ministry of civil aviation has prepared a draft expression of interest, which was placed before the empowered committee at a meeting last week.

In an unusual intervention, India's steel ministry is pushing for electrode makers to cut prices for smaller steelmakers after a 500 percent surge in domestic prices, sources told Reuters.

The Enforcement Directorate on Sunday raided at least 45 premises, including jewellery showrooms and workshops, across the country.

Department of Investment and Public Asset Management (DIPAM) Secretary Neeraj Gupta said these initial public offerings (IPO) will be done in a "staggered manner" depending upon the size of the issuance.

The International Monetary Fund was going to be "attentive" to the consequences of the reform, which notably includes a sharply lower corporate tax rate, she told French radio station France Inter.

The RBI's decision to force more struggling borrowers into bankruptcy proceedings was its latest move to try to clean up the bad loans mess.