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-
PNB fraud likely to swell beyond $2 billion mark
The extent of the unravelling fraud at state-run Punjab National Bank could rise beyond the nearly $2 billion mark (Rs 12,700 crore) so far outlined by the lender, according to a source involved in the probe and court documents reviewed by news agency Reuters. -
Govt may get Rs 10,000 cr from RBI as interim dividend
The government expects the RBI to pay a total dividend of about Rs 45,000 crore for financial year 2017-18, say sources. -
Minimum lock-in for PE firms could be deterrent for investment in insurance
PE-VC firms, unlike others, invest in companies with healthy business prospects and exit when the returns do not correlate to the investments. -
Collect passport details of big borrowers in 45 days: Finance Ministry tells banks
In case the borrower does not have a passport, the bank should obtain a certificate in the form of declaration that the person does not have the passport, sources said quoting the Finance Ministry's advisory to banks. -
Allowing commercial mining of coal may help slash India’s import bill by Rs 30,000 crore, says Crisil
The latest decision by the government to allow commercial mining of coal will help India save Rs 30,000 crore. -
India needs to grow at 8-9% for next two decades to solve social issues, says former RBI Governor C Rangarajan
India needs to grow at 8 to 9 per cent for the next two decades to be able to address problems related to poverty and healthcare, among others, former RBI Governor C Rangarajan said here today. -
GST Council meeting on March 10: Simplification on cards, single monthly return may eliminate GSTR-1,2,3
The Goods and Services Tax (GST) Council is scheduled to meet on March 10 for the 26th time to deliberate on issues related the new indirect tax regime. At the upcoming meeting, the Council members are expected to decide on the simplification of the monthly tax return by eliminating multiple filings under GSTR-1, GSTR-2, and GSTR-3. […] -
Buoyed by Moody’s rating upgrade, government to coax Fitch with taxation, PSU bank reforms
Buoyed by a sovereign rating upgrade by international rating agency Moody’s in November last year, the Finance Ministry on Wednesday will pitch for a similar upgrade with global agency Fitch. -
ICICI Bank's Chanda Kochhar, Axis Bank's Shikha Sharma summoned in connection with the PNB fraud case
ICICI Bank's Chanda Kochhar, Axis Bank's Shikha Sharma summoned in connection with the PNB fraud case -
NTPC ties up with IIM-A to create future leaders in energy sector
IIM, apart from bringing professionals from the parent organisation, will gradually create NSB#39;s own faculty by the end of the fifth year. -
Indian economy to recover gradually to 7.1% in FY2019: Report
According to a report by Kotak Economic Research, gradual recovery is underway and the country has started to recuperate from the cyclical and structural bottlenecks witnessed over the past two years. -
Silver falls on muted demand, gold ends steady
Traders attributed the slide in silver prices to a reduced offtake by industrial units and coin makers at the local spot market. -
India to topple China yet again as fastest growing economy, and this time for 5 years
India is poised to topple China yet again to become the fastest-growing major economy, and this time for at least five years. Here's what latest data show -
Navi Mumbai airport terminal, runway to be ready by 2019: Devendra Fadnavis
The airport will be built in two phases, he said in the state Assembly while replying to supplementaries put up by Jayant Patil (of the NCP), to the main question raised by Prithviraj Chavan (of the Congress). -
Credit card vs. Debit card - Which one should you use
Simply put, a debit card is what you use when you want to spend your own money, whereas, in case of a credit card, you borrow money from a lender to pay for your expenses. -
FinMin to coax Fitch for rating upgrade
According to sources, representatives from Fitch are scheduled to meet Chief Economic Advisor Arvind Subramanian and Economic Affairs Secretary Subhash Chandra Garg and other finance ministry officials on March 7. -
Expect global GDP growth to be around 3% for current next year: Moody#39;s
In an interview with CNBC-TV18, Marie Diron of Moody#39;s Investors Service spoke about their view on the potential trade war. -
PNB scam: SFIO summons ICICI chief Chanda Kochhar, Axis Bank CEO Shikha Sharma
Both Kocchar and Sharma have been summoned for giving Rs 5,280 crore working capital facility to Mehul Choksi-promoted Gitanjali Group by a consortium of 31 banks. -
Arbitration court restrains RCom from selling assets
The order came as a big blow to RCom which had unveiled a plan in December 2017 to sell its wireless assets to Reliance Jio Infocomm Ltd, in an effort to trim debt. -
PNB Scam: CBI detains Gitanjali Group's Vipul Chitalia at Mumbai Airport
The CBI has to date arrested 18 persons in the case so far. -
First oil, now gas: India starts importing LNG from US
State-owned gas utility GAIL India has contracted 3.5 million tonnes per annum of liquefied natural gas (LNG) from Cheniere Energy#39;s Sabine Pass liquefaction facility in Louisiana. -
GST revenue growth in 2018-19 to match last 10 years’ indirect tax growth, says SBI report
The goods and services tax collection would grow at a rate of 14 percent to 16 percent for FY18-19, SBI report said. -
7th Pay Commission: Surge in number of MHA staff between 2010-2014
As per the data, the number of ‘persons in position’ in the central government declined by 42,817 between 2006 and 2010 while between 2010 and 2014 the figures increased to 70,607. -
Sensex up over 200 points, Nifty above 10,400 mark in opening trade
Positive buying was seen in banking, pharma and auto stocks. -
3 key reasons why CRISIL sees India growing at 7.5% in FY19
The Indian economy is slated to grow at up to 7.5% in FY19, while in the current fiscal the growth is expected to be 6.5%, according to a latest CRISIL report. Interestingly, the economic survey had forecasted FY19 growth at 7-7.5%. -
After Niravgate, Virat Kohli unlikely to renew contract with PNB
The Punjab National Bank had earlier denied media reports that the cricketer, the country’s highest-paid sportsperson, would stop the endorsement. -
Being tough not enough! Why India’s bankruptcy regime needs a pragmatic touch
Essar Steel is the last major holding of the troubled Ruia brothers. The company, with prized assets including a state-of-the-art plant in Gujarat, is one of a dirty dozen forced into a new insolvency regime by the central bank, which is trying to clean up bad debt. -
India already water stressed, sees falling per capita capacity: Nitin Gadkari
"India cannot sustain drought beyond one non-Monsoon season due to low per capita storage, and faces acute stress if any year happens to be drought hit," said the minister. -
West Bengal keen to promote premium quality rice: Minister
Replying to the debate on budgetary demands for grants of his department in the state Assembly, Banerjee said a major decision has been taken in this regard following good response from people in different agriculture fairs. -
Petrol, diesel price on 6th March 2018: Check out rates here city-wise
Under the dynamic pricing scheme, petrol and diesel prices are revised on a daily basis in sync with global crude oil prices. -
Petrol, diesel price on 5th March 2018: Check out rates here city-wise
Under the dynamic pricing scheme, petrol and diesel prices are revised on a daily basis in sync with global crude oil prices. -
US tax: Spectre of dumping haunts India
The US plan to tax steel and aluminium imports may not hurt India’s exports much but it may prompt countries like China to divert a part of their supplies to India, raising chances of dumping here, industry and analysts said.
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