Business news

Bank employees' unions to call for a nationwide three-day strike from March 11 to 13

The bank employees' unions have warned to go on a three-day strike from March 11 to 13 and an indefinite strike from April 1, if their wage demands go unmet.

Feb 28, 2020

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Coronavirus fear tanks Sensex over 1,100 points, Nifty 335; set for worst week in 4 years

As the coronavirus outbreak fear plummeted the global markets Sensex also dropped 1,083.85 points to 38,661.81 on Friday, Feb 28. Nifty also tanked 312 pts to 11,321.30.

Feb 28, 2020

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Fact checking reports of ATM recalibration to phase out Rs 2,000 notes

Recent reports of Rs 2000 notes to be withdrawn from most bank ATMs are false. Nirmala Sitharaman clarifies, no such instructions have been provided to banks yet.

Feb 28, 2020

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Amazon set to take on rivals Swiggy, Zomato in India's food delivery biz

With the food delivery business gaining maximum traction in India, Amazon is all set to foray into the space and take on rivals Swiggy, Zomato and others by launching exclusive brands in partnership with restaurants. The food delivery business will kickstart in Bengaluru first in March.

Feb 27, 2020

Airtel prepaid recharge packs: Best plans with unlimited calls, data and more

Here are some hand-picked prepaid recharge plans offered by Airtel in India.

Feb 27, 2020

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Government permits 100% FDI for insurance intermediaries

Government eases FDI norms for the insurance sector to enable foreign brokerage companies to buy stake in the Indian companies. FDI for insurance companies is still capped at 49 per cent.

Feb 27, 2020

Softbank's Rajeev Misra accused of corporate subterfuge, orchestrating 'dark art campaign'

Rajeev Misra, the head of SoftBank's $100 billion Vision Fund, has been accused on the grounds of sabotage to scuttle rival's careers. It seems he paid an intermediary to smear them. However, Misra's official spokesperson says he did not orchestrate the effort.

Feb 27, 2020

Who is Puneet Sharma, the new Axis Bank Chief Financial Officer?

Puneet Sharma was earlier the CFO of the Tata Capital Limited and Tata Capital Financial Services Limited. He had recently resigned from his post after being associated with the firm for over a decade.

Feb 27, 2020

Airtel revises its IR packs and services

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Great news for Airtel users traveling abroad: Telco finally addresses customer grievances

Airtel finally puts an end to exorbitant bills after incurring unwanted charges during international roaming. Here's everything you need to know.

Feb 26, 2020

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Exploring new dimensions of banking in India for customers in near future: RBI

Banks of the future will be very different, says RBI governor Shaktikanta Das at the 13th edition of the Mint's Annual Banking Conclave held on February 24, 2020. Distinct segments of banking institutions may emerge in the coming years.

Feb 26, 2020

Michael Miebach (R) to replace Ajay Banga as Mastercard CEO

Who is Michael Miebach, Mastercard's new CEO?

Mastercard has elected Michael Miebach as the new CEO to replace Ajay Banga next year onwards.

Feb 25, 2020

Air India Airbus A320 passenger aircraft.

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Adani group enters race to buy 'Maharajah', to submit EoI by next month

In this years' budget speech, finance minister Nirmala Sitharaman mentioned Air Indian as one of the state-owned companies to be disinvested this fiscal year.

Feb 25, 2020

note, cash, note ban, investment, mf, mutual fund, mutual funds, uti equity fund, demonetisation, rbi, atm, tax collection

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Withdrawing EPF before completion of 5 years? You need to read this

There should not be any gap in contribution to EPF to avail of the continuous service clause. For those unaware, Employees' Provident Fund (EPF) is taxable if withdrawn before the completion of five years of continuous service.

Feb 25, 2020

Debt-ridden Air India to raise Rs 700-crore short term loan: Here's why

The deadline for bidding extended till March 6, 2020 by the Centre to sell 100% of its stake in Air India. Meanwhile, the debt-ridden airline refuses to give up and is seeking to raise Rs 700 crore via short-term govt-guaranteed loan.

Feb 25, 2020

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Panic at Dalaal Street as FATF puts Mauritius on 'grey list'

Market regulator SEBI has issued a clarification on the issue that the FPIs investing through the country will be eligible but with increased scrutiny

Feb 25, 2020

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Pawan Kalyan says, 'It'll be a grave mistake if YSR Jagan Mohan Reddy's govt lets TTD sell off its lands'

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