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Govt seeks to directly fund Rs 1.35 lakh crore of bank recapitalisation; approval by year-end?

This will help the state run banks from building a pile of bad debt and make funds available to more productive sectors of the economy.

Nov 30, 2017

Reliance Digital joins hands with Fossil India, offers latest 'Wearable Tech' smartwatches in India

Fossil's smartwatches are now available in a Reliance Digital stores near you

Nov 29, 2017

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IPS officer D Roopa demands ACB probe against retired DGP who filed Rs 20 crore defamation suit against her

Roopa denied receiving any defamation notice. She said, "If I receive it, I will answer in court."

Nov 29, 2017

RCom to sell DTH arm Reliance BIG TV to reduce debt

The company said that following the change of ownership, services to its 1.2 million subscribers and continuity for about 500 employees of Reliance BIG TV won't be interrupted in any manner.

Nov 29, 2017

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Who is Pradeep Kharola, the new chairman and managing director of Air India?

A Karnataka cadre officer of the 1985-batch, Pradeep Kharola is currently the managing director of the Bangalore Metro Rail Corp. Ltd. and is also credited with turning the BMTC into a profitable venture.

Nov 29, 2017

Global companies compete with Indian firms to build largest convention centre likely to create 5 lakh jobs

The first phase of the project will start in January 2018 and will most likely be completed by the end of 2019.

Nov 29, 2017

TRAI favours Net Neutrality with some exemptions; free internet activists hail the decision

Following this development, DoT will have to accept these recommendations made by TRAI and make changes to the license agreements of telecom operators, to make Net Neutrality part of the license agreement.

Nov 28, 2017

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Rs 3,000 cancellation fee too high, airlines needs to reduce charges: Govt

The Centre will soon negotiate with the airline companies and ask them to reduce the fee to a reasonable amount.

Nov 28, 2017

Nifty to hit 11,600 by December 2018, GDP growth will accelerate to 8%: Goldman Sachs

The drag from shocks of demonetization and GST implementation will fade even as positive effects of bank recapitalisation kick in.

Nov 28, 2017

RBI allows banks to rely on provisional ratings for giving further loans to distressed companies

According to a Union finance ministry official, March 31 may be the deadline given to commercial banks to find a solution or initiate bankruptcy proceedings against the borrowers.

Nov 28, 2017

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China Development Bank files insolvency suit against debt-ridden Reliance Communication

Earlier, RCom's operational creditors Ericsson India and Manipal Tech have already filed bankruptcy petitions against the telecom company as dues were not cleared.

Nov 28, 2017

Maruti Suzuki shares rally 60% this year, will stock hit Rs 10,000? Nomura is hopeful

Maruti Suzuki holds the highest market share in the passenger vehicle (PV) category in India with close to 48 percent market share

Nov 27, 2017

More than 6 lakh NCR homes fail to meet the delivery date

Around 29.23 lakh houses under construction are delayed and over 50 percent of these are delayed by at least one year or more.

Nov 27, 2017

GES 2017: Lakshmi Manchu to address the panel before Ivanka Trump

Lakshmi Manchu has been invited to be a panelist of Global Entrepreneurship Summit 2017 (GES2017) and she will address the panel, before Ivanka Trump, the daughter of US president Donald Trump.

Nov 27, 2017

Tata Nano production down by 90%; will electric vehicles program save it from shutting down?

The small car was one of the primary reasons for the ugly spat between Ratan Tata and former chairman Cyrus Mistry.

Nov 27, 2017

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