Business news

UCO Bank shares zoom 15% after Rs 3,074 crore equity infusion from govt.

The government has announced a Rs 65,000 crore package for recapitalising public sector banks in the country during 2018-19. As much as Rs 23,000 crore has been disbursed so far.

Jan 1, 2019

Massive banking frauds eclipse record recovery of bad assets in FY18

New regulatory framework helps recover Rs 40,400 crore of bad loans while frauds increase 72% to Rs41,200 crore.

Dec 31, 2018

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After a rough 2018, how will Indian stock markets perform in 2019?

As the year draws to a close, some of the latent strengths of the market are manifest. With more than $2 trillion in market capitalisation the Indian markets retains its place among the top 7 in the world.

Dec 31, 2018

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Jet Airways shares scramble on reports that Etihad would offer loan guarantee

Jet Airways, once a success story in Indian aviation, has been alternating between attempts to raise cash in the market and find a new buyer.

Dec 31, 2018

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Gold set for first annual decline in three years

Gold fell on Monday as equities gained on likely progress in Sino-U.S. trade standoff, amid bullion prices heading for their first annual decline since 2015, losing to the dollar mostly on trade worries and rising interest rates.

Dec 31, 2018

FSSAI bans use of recycled plastic and paper for food packaging

The country's top food regulator has worked on new food packaging regulations that are in the process of being notified which are scheduled to come into effect from July 1.

Dec 30, 2018

Curb on foreign e-commerce players to affect FDI inflow in India: US industry body

The statement has come after the Modi led government introduced changes to the foreign direct investment policy for the e-commerce segment.

Dec 29, 2018

RBI rejects Modi govt's demand for further easing of banking norms

The central bank's report says defaults rates are high and provisions inadequate to cover losses from bad loans.

Dec 29, 2018

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Kotak Mahindra Bank shareholders on edge as promoter equity deadline looms

With the promoters refusing to yield the bank is running the risk of coming under RBI action similar to what Bandhan Bank underwent in September

Dec 29, 2018

New guidelines for online food biz to impact BigBasket, Swiggy and Zomato

For better recognition of food by the customers, the companies will have to provide an indicative image of the food on their platform.

Dec 29, 2018

IndiGo's poor customer care record forces parliamentary panel to flag airline

Committee raps low-budget carrier's policies towards excess baggage, approach to customer complaints and festival season fares.

Dec 28, 2018

Death of diesel? Maruti to shut down one of the plants making engines - Report

Maruti is looking at deepening the partnership with larger global rival Toyota, which would help it crack the electric and hybrid market in the years to come.

Dec 28, 2018

Public sector banks' Rs 28,000 crore recapitalisation to ease liquidity

Lenders hit by massive farm loan waiver unlikely to benefit from capital infusion amid fear of rural lending cycle disruption.

Dec 28, 2018

HDFC Group vs Tata Group: Ultimate race to become India's largest conglomerate

After giving lead to HDFC Group on Wednesday, Tatas regained dominance on Thursday with the highest market cap.

Dec 27, 2018

GST anti-profiteering case: Hindustan Unilever to take legal route against NAA order

Hindustan Unilever argued that it has always accepted Goods and Services Tax (GST) as a progressive tax which will benefit consumers and the industry both.

Dec 27, 2018