Business news

Govt cautions on investing in Bitcoin, says virtual currencies are like ponzi schemes

The Union finance ministry stated that there is a real and heightened risk of investment bubble of the type seen in ponzi schemes.

Dec 29, 2017

Considerable number of stressed accounts to be resolved in 2018, says SBI chief

"If promoters are willing to settle and there are good quality assets, then there is no need for banks to take any haircuts," said Rajnish Kumar.

Dec 29, 2017

rbi, rbi repo rate, rbi governor urjit patel, urjit patel on farm loan waiver, up govt waives farm loans, agrarian crisis in india, modi govt

RBI will not allow deadline extension for second list of loan defaulters

The RBI also declined to accept any other demand including the process related to settle the matter and restructure outside the court.

Dec 29, 2017

Indian IT giant TCS faces law suit in US over anti-American bias

The judge has also expanded the case into a class action on behalf of American workers who lost their jobs at TCS offices in the US

Dec 28, 2017

Zero power cut for all by March 2019; inverter business in India might plunge

A new law will be enacted to impose penalties on power distributors if they failed to provide an uninterrupted power after March 2019.

Dec 28, 2017

New Delhi, IndiaPatients and their attendants wait outside the Out Patient Department (OPD) at a government-run hospital in New Delhi, India, November 22, 2017. Picture taken November 22, 2017. REUTERS/Saumya Khandelwal

Govt hospitals might hire private doctors at higher or equal salaries

Although in times of shortage, some states and even Centre hire doctors on contract basis but most of the private doctors refuse to serve because of lower salaries.

Dec 28, 2017

npa ordinance, more powers to rbi, fm arun jaitley, govt passes ordinance on npas, india's stressed assets

At Rs 9.5 lakh crore, bad loans post India at fifth among nations with high NPA problem

India's non-performing assets (NPAs) are one of the highest in the group of 'high-NPA' nations. Only four European nations have higher stressed assets.

Dec 28, 2017

SEBI says Axis results leaked, orders lender to investigate

The SEBI order comes after Reuters reported last month that Axis Bank was among 12 companies where messages about quarterly results or other key financial details were circulated through WhatsApp.

Dec 28, 2017

Cheque books, IFSC codes of six banks to be invalid after December 31

Users can avail of the new cheque books via the Internet and mobile banking, ATMs or by visiting the home branch,SBI added.

Dec 27, 2017

Top 10 companies Indians preferred to work in 2017

LinkedIn approached a methodology taking into consideration three factors – job applications, engagement and retention.

Dec 27, 2017

Trips to UAE will now cost more as 5% VAT starts from January 1; travel companies likely to minimise cost for Indians

Big travel companies have said they will try to negotiate and minimise the impact of higher cost for the end users.

Dec 27, 2017

Cyrus Mistry gets relief in Rs 500 crore defamation case filed by R Venkataramanan

The judge of a Mumbai sessions court observed that the subordinate court had not followed proper procedure of complaint verification as mandated by law. The judge sent back the case to Mumbai magistrate court for a fresh hearing.

Dec 27, 2017

Amul files case against trademark offices for allowing other brands to use its name

Amul's petition alleges that the trademark offices have continued to allow the registration of name or some mark deceptively similar to the Amul brand name.

Dec 27, 2017

Reliance Jio the highest bidder for RCom assets: Will this reunite Ambani brothers?

"Others did not match the price that Reliance Jio was willing to offer," sources said.

Dec 26, 2017

No further GST rate cuts as revenue concerns grow

According to the target set by the Union government, the Centre and the states combined should collect Rs 91,000 crore every month.

Dec 26, 2017

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Business news

Govt cautions on investing in Bitcoin, says virtual currencies are like ponzi schemes

Considerable number of stressed accounts to be resolved in 2018, says SBI chief

RBI will not allow deadline extension for second list of loan defaulters

Indian IT giant TCS faces law suit in US over anti-American bias

Zero power cut for all by March 2019; inverter business in India might plunge

Govt hospitals might hire private doctors at higher or equal salaries

At Rs 9.5 lakh crore, bad loans post India at fifth among nations with high NPA problem

SEBI says Axis results leaked, orders lender to investigate

Cheque books, IFSC codes of six banks to be invalid after December 31

Top 10 companies Indians preferred to work in 2017

Trips to UAE will now cost more as 5% VAT starts from January 1; travel companies likely to minimise cost for Indians

Cyrus Mistry gets relief in Rs 500 crore defamation case filed by R Venkataramanan

Amul files case against trademark offices for allowing other brands to use its name

Reliance Jio the highest bidder for RCom assets: Will this reunite Ambani brothers?

No further GST rate cuts as revenue concerns grow

Netizens laud Saif Ali Khan as Raavan as Prabhas' Ram fights with Lankesh [Watch]

NIA summons Kashmir's renowned Islamic scholar Moulana Qasmi for questioning [Here's Why]

K'taka Govt to exclude chapters on RSS from school textbooks, BJP protests