Business news

Nirmala Sitharaman reacts on Yes Bank crisis: FM assures depositors, says 'Money is safe'

"I want to assure all the depositors that their money is safe, I am constantly in touch with the Reserve Bank of India (RBI). The steps that are taken are in the interest of the depositors, the bank & the economy," Sitharaman stated.

Mar 6, 2020

SBI chief meets FM Sitharaman over Yes Bank crisis: 'Will take a call after RBI plan is in'

Following the meeting, the SBI chairman assured the depositors that the interest of Yes Bank depositors will be protected and there is no need to panic.

Mar 6, 2020

Yes Bank shares plunge over 70% after RBI caps withdrawals, SBI demands suspension of trading

The State Bank of India, which gave "in-principal" nod to buy a stake in the beleaguered private lender, demanded that trading of Yes Bank's shares should be suspended till the announcement of formal restructuring by the Reserve Bank of India.

Mar 6, 2020

Yes Bank turns 'No' Bank: RBI takes over board, withdrawals capped at ₹ 50,000; SBI approves investment

A notification issued by the finance ministry on March 5 stayed that the "commencement or continuance of all actions and proceedings" against the bank. The withdrawal limits will remain in effect until April 3, 2020.

Mar 6, 2020

Interest rate on PF reduced: How does it affect salaried employees?

Salaried employees will get 0.15 per cent lower returns on provident fund deposits as EPFO slashes interest rates from 8.65 per cent in 2018-19 to 8.50 per cent in FY20.

Mar 6, 2020

OYO clarifies 5,000 job cuts is not due to Coronavirus scare

Oyo issues coronavirus advisory to its employees and announces 5,000 job cuts globally. The job cuts are a part of the company's restructuring announcement in January 2020, and not owing to Covid-19 scare, an OYO spokesperson clarified.

Mar 5, 2020

Cryptocurrency ban lifted by RBI in India: What the SC ruling means?

The SC lifted the cryptocurrency ban imposed by RBI in early 2018, which prevented financial institutions in India from providing banking services to cryptocurrency companies. Industry experts hail SC's bold move, but advise users on exercising caution trading in crypto and companies to improve AML policies and ensure data privacy.

Mar 5, 2020

Coronavirus scare: 5,000 Twitter employees encouraged to work from home amid Covid-19 outbreak

The social media company made it mandatory for all employees in Hong Kong, Japan and South Korea to work from home to curb the spread of coronavirus, while employees from other regions can choose to come to work from the office as needed.

Mar 4, 2020

Schemes by Ministry of Finance for Women Empowerment in India

Women's Day 2020: Women empowerment schemes in India since 2014

Besides allocation of Rs. 16712.72 crore under the Stand-Up India scheme for women empowerment, the Ministry of Finance has launched various schemes with special provisions to benefit women and help them accentuate their dreams in the last six years, since 2014.

Mar 3, 2020

Huge volatility on Dalal Street as coronavirus reaches India

Last day at the Dalal street witnessed huge volatility in benchmark indices as cases of Coronavirus confirmed across three cities in India.

Mar 3, 2020

Visa granted to spouses of H-IB Visa holders

EB-5 Visa: Indian startups planning to expand to US must shell out $50,000 extra

Indians looking forward to migrating to the US under the EB-5 or investor visa category will have to pay $50,000 extra from April 1.

Mar 2, 2020

Government asks banks to process 1.18 lakh pending PMEGP loan applications by March 15

Banks were asked by the Government to release the loans in approved cases immediately. The financial institutions are requested to take up about 1.18 lakh pending PMEGP loan applications latest by March 15, with special emphasis on the North Eastern Region (NER).

Mar 2, 2020

Government enables farmers secure loan upto Rs 3 lakh at 4% interest through KCC scheme

In an intent to free farmers from the clutches of money lenders, the government introduced the Kisan Credit Card (KCC) scheme to enable farmers to secure loans up to Rs 3 lakh at a 4% interest rate on the condition of timely repayment. The government has set an estimate of Rs 20,000 crore which will be utilized to sanction loans to KCC cardholders.

Mar 2, 2020

IndiGo launches daily direct flights to connect Northeastern states under UDAN

To facilitate easy travel for passengers and boost connectivity in the Northeastern region, budget airline IndiGo launches daily direct flights on the Agartala-Aizawl-Guwahati route under the UDAN scheme.

Mar 2, 2020

Google, Facebook and Twitter oppose new set of internet regulations, threaten to suspend services in Pakistan

Failure by social media giants to comply with the new set of digital regulations imposed by Pakistan's Tehreek-e-Insaaf government will result in heavy fines and possible termination of services.

Mar 1, 2020

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Business news

Nirmala Sitharaman reacts on Yes Bank crisis: FM assures depositors, says 'Money is safe'

SBI chief meets FM Sitharaman over Yes Bank crisis: 'Will take a call after RBI plan is in'

Yes Bank shares plunge over 70% after RBI caps withdrawals, SBI demands suspension of trading

Yes Bank turns 'No' Bank: RBI takes over board, withdrawals capped at ₹ 50,000; SBI approves investment

Interest rate on PF reduced: How does it affect salaried employees?

OYO clarifies 5,000 job cuts is not due to Coronavirus scare

Cryptocurrency ban lifted by RBI in India: What the SC ruling means?

Coronavirus scare: 5,000 Twitter employees encouraged to work from home amid Covid-19 outbreak

Women's Day 2020: Women empowerment schemes in India since 2014

Huge volatility on Dalal Street as coronavirus reaches India

EB-5 Visa: Indian startups planning to expand to US must shell out $50,000 extra

Government asks banks to process 1.18 lakh pending PMEGP loan applications by March 15

Government enables farmers secure loan upto Rs 3 lakh at 4% interest through KCC scheme

IndiGo launches daily direct flights to connect Northeastern states under UDAN

Google, Facebook and Twitter oppose new set of internet regulations, threaten to suspend services in Pakistan

Delhi HC imposes Rs 25 lakh cost on website for "Sholay" infringement

Jodie Foster to star in her first major television role in 'True Detective 4'

Former Formula 1 CEO Bernie Ecclestone held in Brazil for illegally carrying gun on plane