Business news

No delay in mega-merger of 10 PSU banks from April 1, loans will be restructured: Nirmala Sitharaman

The speculation around mega-merger of 10 PSU banks to be delayed by at least 6 months owing to regulatory hurdles and need for extra funds to manage the merger has been put to rest. Finance Minister, Nirmala Sitharaman confirmed the merger will indeed happen on April 1.

Feb 28, 2020

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

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

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Recent reports of Rs 2000 notes to be withdrawn from most bank ATMs are false.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

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

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

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

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.

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

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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Business news

No delay in mega-merger of 10 PSU banks from April 1, loans will be restructured: Nirmala Sitharaman

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

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

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

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

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

Government permits 100% FDI for insurance intermediaries

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

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

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

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

Who is Michael Miebach, Mastercard's new CEO?

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

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

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

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]