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The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Banks Board Bureau invites applications for top posts of 4 big PSU...

The appointments will be for three years.

20 Aug 2019 3:26 PM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

SBI announces home, auto loans at cheaper rates during festival season

Customers can avail the cheaper loans with added benefits such as waiver in processing fees among others.

20 Aug 2019 3:19 PM IST

This is part of Shells ongoing portfolio optimisation to transform Shell into a simpler company.

Shell exits city gas business in India, sells MGL stake in open market

Shell exercised its option to exit MGL as the lock-in period for minimum promoter holding expired last month.

20 Aug 2019 2:58 PM IST

The algorithms have been released on Github and Facebook hopes that developers and other companies will make use of it to identify harmful content.

Linking of user profile with Aadhaar: SC agrees to hear Facebook's...

The top court issued notice to the Centre, Google, Twitter, YouTube and others and sought their response by Sept 13.

20 Aug 2019 12:49 PM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

DHFL makes fresh default on Rs 1,571 crore bond repayments

The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore.

20 Aug 2019 9:36 AM IST

Businesses with annual turnover of 500 million rupees will not have to pay a merchant discount rate on debit card and other digital modes of transactions, excluding credit cards.

Visa critical of India's move towards no-fee debit card transactions

For debit cards, the fees are on average between 0.40 per cent and 0.80 per cent of the transaction amount.

20 Aug 2019 8:30 AM IST

FMCG major Nestle India yesterday reported a decline of 8.66 per cent in its standalone net profit to Rs 167.31 crore for the quarter

Nestle's lower rural biz comes to its rescue

The FMCG major reported a net sales growth of 11.35 per cent and increase of 10.83 per cent in net profit in the second...

20 Aug 2019 7:31 AM IST

Fund managers believe mutual funds, which are considered popular and convenient investment tools, have advocated asset allocation-based strategies to make the journey smoother for investors.

PE/VC infra deals this year beat 7-year total

The infrastructure has been witnessing the private equity and venture capital investments going up since 2012.

20 Aug 2019 7:24 AM IST

FHRAI says contracts signed by food apps with restaurants are one-sided.

Pressure mounts on food apps to reduce discounts

Last week, around 1,000 restaurants from across the country had decided to pull out of membership and restaurant...

20 Aug 2019 7:20 AM IST

Any taxpayer who is in receipt of pension from his former employer shall be entitled to claim a deduction of Rs 40,000.

FM says corporate tax for cos to be cut gradually

Corporate tax rate for companies with over Rs 400 crore turnover will be gradually cut to 25 pc, said FM Nirmala...

19 Aug 2019 7:31 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Reliance again becomes most valued firm by market capitalisation

At close of trade on Monday, RIL's m-cap stood at Rs 8,19,073.62 crore, which is Rs 7,226.43 crore more than that of...

19 Aug 2019 7:11 PM IST

Swiggy Scheduled, users can now place their orders in slots of 30 minutes, a minimum of two hours and maximum of 48 hours in advance. (Photo: ANI)

FHRAI asks food service aggregators to review discounting schemes or...

FHRAI in a statement said it has asked food service aggregators to engage in a 'fruitful dialogue' to arrive at a...

19 Aug 2019 6:40 PM IST