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

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

21 Aug 2020 4:04 PM

Public sector banks will need Rs 2.1 lakh crore to plug capital shortfalls: Moody's

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

21 Aug 2020 2:06 PM

3 Chinese banks may get Rs 7,000 crore from RCom resolution plan, DoT to get zero proceeds

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

21 Aug 2020 9:36 AM

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 per day

21 Aug 2020 8:57 AM

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

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RBI releases national strategy for financial education, aims to create empowered India

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

20 Aug 2020 2:24 PM

People's Bank of China invests Rs 15 crore in ICICI Bank amid India-China tension

Chinese bank was among 357 institutional investors including domestic mutual funds, insurance companies and global institutions

19 Aug 2020 10:18 AM

PMAY(U) to generate 3.65 crore jobs in construction of sanctioned houses: Puri

Puri said that it is estimated that 158 lakh metric tonnes of steel and 692 lakh metric tonnes of cement would be consumed in construction

18 Aug 2020 3:05 PM

Taxpayers need not reveal high-value transactions in ITR

Only third parties would report high-value transactions to the I-T department as per the Income Tax Act

17 Aug 2020 4:38 PM

GoAir repatriates 50,000 Indians in over 300 flights from Gulf countries

Saudi Arabia emerged as the top destination for GoAir repatriation flights, followed by Kuwait, the UAE, Qatar and Oman till date, it said

16 Aug 2020 9:37 AM

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Banks sanctioned Rs 1.43 lakh crore loans under credit guarantee scheme: FM Nirmala

Emergency Credit Line Guarantee Scheme was launched to provide much-needed relief to the MSME sector to meet their operational requirements

14 Aug 2020 2:08 PM

Retail inflation inches up to nearly 7% in July on higher food prices

Food prices soared due to supply-side disruptions caused by the coronavirus lockdown and rose 9.62% compared to a jump of 8.72% in June

14 Aug 2020 10:08 AM

India extends $500 million aid to Maldives to restrict Chinese moves

Jaishankar said the plan linking Male to islands of Villingili, Gulhifahu will be the largest civilian infrastructure project in Maldives

14 Aug 2020 9:24 AM

Gems, jewellery exports dip 38% in July as virus slows global demand

In the April to July period, cut and polished diamond exports plunged 46.5% from a year ago to $2.7 billion, GJEPC said

13 Aug 2020 4:16 PM

PM Modi unveils new tax platform, says tax paying to become seamless, painless, faceless

Faceless assessment & taxpayers charter come in force from today, whereas faceless service will be available from September 25, Modi said

13 Aug 2020 12:25 PM

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China increases anti-dumping tariff on Indian fibre optic product for 5 years

The punitive tariff on single-mode optical fibre takes effect from August 14 and lasts for five years

13 Aug 2020 9:01 AM

I-T Department raids premises of Chinese entities in money laundering case

Chinese individuals and a couple of bank employees were involved in money laundering through a series of shell companies, the statement said

12 Aug 2020 9:34 AM

Naandi Foundation chosen for Food Vision 2050 prize

The award recognised the application of Naandi’s “Arakunomics” model in Araku, Wardha and New Delhi

11 Aug 2020 11:23 AM

India levies anti-dumping duty on black toner from China, others

The duty on a tonne of black toner would range from $196 for imports from Chinese Taipie, $1,686 from Malaysia and $834 from China

11 Aug 2020 9:01 AM

Agri-Infra Fund: PM Modi launches Rs 1 lakh crore financing facility

Modi also released the sixth installment of Rs 17,100 crore to more than 8.55 crore farmer beneficiaries under the PM-KISAN scheme

09 Aug 2020 12:48 PM

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