Business news

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 For those unaware, Employees' Provident Fund (EPF) is taxable if withdrawn before the completion of five years of continuous service.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

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

rbi rule deposit of rs 5000 more than demonetisation modi govt currency ban

"Cash is king but digital is divine" says RBI

Although cash is deeply embedded in the payment systems in India, planned efforts post-demonetisation have shown a marked shift from cash to digital payments.

Feb 24, 2020

Two-pronged strategy to avert telecom disaster: Centre may offer relief on taxes, input costs

Two major telcos including Bharti Airtel and Vodafone idea are facing statutory dues of over crore Rs 35,500 and Rs 53,000 crore, respectively.

Feb 24, 2020

tax collection data, indirect taxes, direct taxes, income tax, corporate tax, modi govt, budget 2017, arun jaitley

Indian Bank ATMs won't dispense Rs 2,000 notes from March 1: Here's why

Indian Bank has moved to remove Rs 2,000 from some of its ATMs in a bid to make it easier for customers withdrawing cash.

Feb 24, 2020

Maharashtra might lose out on the $70 bn Ratnagiri Refinery Project to Gujarat

Gujarat's speedy approval processes and business-friendly policies make it ideal for RRPCL project to move there.

Feb 24, 2020

Backlash over Reliance Jio's decision to charge voice calls

Jio makes U-turn on tariff transparency, doesn't want to reveal special recharge packs

Feb 21, 2020

TRAI wants to remove 100 daily SMS limit: What does it mean for users?

The Telecom Regulatory Authority of India (TRAI) released a draft regulation that aims to remove the current limit of 100 SMS on the users.

Feb 20, 2020

Relief to government contractors as coronavirus covered under 'Force Majeure Clause': What it means?

The Ministry of Finance invoked the Force Majeure Clause for coronavirus outbreak as it impacts trades in India. Here's what it means for companies.

Feb 20, 2020

Jeff Bezos pledges $10 billion to fight climate change

In an Instagram post, Amazon Founder and CEO said he is launching an initiative called the "Bezos Earth Fund".

Feb 19, 2020

HSBC layoffs 2020: London-based bank to axe up to 35,000 jobs in massive overhaul

Europe's biggest bank by assets, which has long underperformed rivals, reported profit before tax of $13.35 billion for 2019 versus $19.89 billion a year earlier.

Feb 18, 2020

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Business news

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

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

"Cash is king but digital is divine" says RBI

Two-pronged strategy to avert telecom disaster: Centre may offer relief on taxes, input costs

Indian Bank ATMs won't dispense Rs 2,000 notes from March 1: Here's why

Maharashtra might lose out on the $70 bn Ratnagiri Refinery Project to Gujarat

Jio makes U-turn on tariff transparency, doesn't want to reveal special recharge packs

TRAI wants to remove 100 daily SMS limit: What does it mean for users?

Relief to government contractors as coronavirus covered under 'Force Majeure Clause': What it means?

Jeff Bezos pledges $10 billion to fight climate change

HSBC layoffs 2020: London-based bank to axe up to 35,000 jobs in massive overhaul

Plasma is largely useless; barely helps COVID patients [Read Lancet study]

Bigg Boss Kannada Contestant KP Aravind on his Relationship with Divya Uruduga: It is Looking Positive for Now

UFO plunged into ocean in front of US Navy officials, netizens suspect marine alien base