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Government asks gencos, telcos to cap late payment surcharge at 12 pc. (PTI Photo)

Power ministry advises telcos to cap late payment surcharge at 12%

In general, the applicable rate of late payment surcharges is quite high despite the fact that interest rates softened...

23 Aug 2020 9:07 AM IST

The RBI draws its powers from several Indian statutes, the most significant of them being the Reserve Bank of India Act, 1934. (AFP)

Rate cuts don't interest MPC any more. Let's worry about inflation now

Report by SBI research says we're at the end of the rate-cut cycle which began in Feb. 2019

22 Aug 2020 12:12 AM IST

Modi government is considering hiking the basic salary of central government employees to Rs 21,000.

Wage bill sees lowest growth in 18 years

The wage bill of 1,560 listed companies analysed by think tank CMIE recorded a 2.9 per cent increase in the June 2020...

22 Aug 2020 12:11 AM IST

Yes Bank sells asset management, mutual fund businesses to Khemkas White Oak. (PTI Photo)

YES Bank signs deal to sell two subsidiaries to Prashant Khemka's GPL...

The revenue contribution of Yes Asset Management in FY20 was Rs 33 lakh and net worth contribution totalled Rs 49.7...

21 Aug 2020 4:04 PM IST

Moodys base case assumes a sharp contraction in the Indian economy in fiscal 2021 before returning to modest growth in fiscal 2021. (PTI Photo)

Public sector banks will need Rs 2.1 lakh crore to plug capital...

Moody's base case assumes a sharp contraction in the Indian economy in fiscal 2021 before returning to modest growth in...

21 Aug 2020 2:06 PM IST

Chinese Banks may get Rs 7,000 cr from RCom, RTL resolution plan. (PTI Photo)

3 Chinese banks may get Rs 7,000 crore from RCom resolution plan, DoT...

The NCLT had directed the DoT to file their submission by Friday, when the matter will be heard

21 Aug 2020 9:36 AM IST

Indias crude imports fall to lowest in over a decade in July. (AFP Photo)

India's crude imports drop to decade low in July

Crude oil imports last month slumped about 36.4% from a year earlier to 12.34 million tonnes, or 2.92 million barrels...

21 Aug 2020 8:57 AM IST

Rising steel prices have inflated costs for equipment manufacturers. (Photo: Jindal Steel)

Here's how India's engineering exports are in a steel trap

We export our iron ore, curb Chinese steel import. So costs are up and exports are uncompetitive

21 Aug 2020 12:25 AM IST

Sometimes ventilators are not giving the results doctors expect from them. (File photo:AP)

Do you see med tech companies flocking to India? Industry is sceptical

Union government is seeing visions of Rs 77,900 crore of manufacturing investment

20 Aug 2020 11:32 PM IST

Stock analysts said sectors like hotels and entertainment are making up for underperformance in pre-Covid times. (Photo: Vivanta Hotels)

Laggard sectors entertainment, hospitality show signs of life in the...

The big gainers on Thursday included Indian Hotels, EIH Hotel, Shoppers Stop, Inox Leisure, Interglobe Aviation

20 Aug 2020 10:37 PM IST

Reserve Bank of India on Thursday released a national strategy for financial education to be implemented in the next five years. (PTI Photo)

RBI releases national strategy for financial education, aims to create...

The strategy will develop credit discipline and encourage availing credit from formal financial institutions as per...

20 Aug 2020 2:24 PM IST

In connection with the Yes Bank money laundering probe case, ED raids five premises of Cox and Kings in Mumbai. (PTI Photo)

Bombay High Court grants bail to Wadhawan brothers in Yes Bank fraud...

The court directed the duo to deposit Rs one lakh each as surety and surrender their passports

20 Aug 2020 1:50 PM IST