Business news

SBI's fine collection for not maintaining minimum balance is more than its net profit in Q2

For five years, SBI has not collected fines for not maintaining MAB, but from the start of this financial year, the bank re-introduced the charges.

Jan 2, 2018

Rihanna's Fenty vs Kylie Cosmetics: Who is taking over the beauty aisle?

Which one has created more buzz on social media — Kylie Cosmetics or Rihanna's Fenty Beauty products?

Jan 1, 2018

SBI cuts base rate to 8.65% to benefit retail borrowers

With this reduction from the earlier base rate of 8.95 percent, SBI's base rate has become the lowest among commercial banks, coming as a relief to its many retail borrowers, particularly of home and student loans.

Jan 1, 2018

Top stocks picked by brokerages for 2018

Many market analysts hope that 2018 too will witness a bull run while some are sceptic about market future amid uncertainties in India's micro-economic conditions.

Jan 1, 2018

Narendra Modi Modi government modi completes two years in office

Modi govt planning to crack down on tax evaders under GST regime

Government suspects that many business-to-business (B2B) transactions are being kept off the books and payments done in cash to avoid paying GST.

Jan 1, 2018

Finance Ministry approves SEBI's plea of having four whole-time members

The Securities and Exchange Board of India (Sebi) had written to the finance ministry recommending that a fourth position of whole time member be created and the post should be filled up on a priority basis.

Dec 31, 2017

Insolvency proceedings: Banks to refer 25 of 28 firms on RBI's second list to NCLT

Companies like Videocon Industries, Anrak Aluminium and Jayaswal Neco Industries are there in the second list of defaulters prepared by RBI.

Dec 31, 2017

Why buy a Harley Davidson when you can rent the 'wicked' ride in Bengaluru? [VIDEO]

In an exclusive interview with Danish Manzoor, Executive Editor, IBT India, Vivekananda Hallekere, Co-Founder Wicked Ride and Metro Bikes, spoke about how his business is helping today's working group cope with the fast moving world with his metro bikes.

Dec 30, 2017

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From Sundar Pichai to Satya Nadella, top 10 CEOs with Indian roots

"Focus on education is a big strength. I want to see the young people focus on creativity and take more risks,"said Sundar Pichai while interacting with students from IIT (Indian Institutes of Technology) Kharagpur.

Dec 30, 2017

Corporate governance: Over 150 independent directors quit in last two months

With a surge regulatory scrutiny, more independent directors might quit in the future.

Dec 29, 2017

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

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