Economy News

SBI Cards may ban use of its cards to buy bitcoins and cryptocurrencies

SBI Cards is likely to ban customers from using its credit and debit cards for purchasing cryptocurrencies.

Feb 15, 2018

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7th Pay Commission: Good news for low-level employees, finally!

The government may provide minimum wage hike under 7th Pay Commission to help lower-level employees of pay matrix level 1 to 5. It would benefit lakhs of central government employees and pensioners if the 7th Pay Commission will be implemented.

Feb 15, 2018

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Indian Railways to fill over 1 lakh vacancies in largest recruitment drive

In a move to contribute towards the Narendra Modi government's Skill India initiative, the Indian Railways has also kept a target of training 30,000 apprentices.

Feb 15, 2018

Gupta Brothers: Meet Indian tycoons from UP who 'felled' S. African President Zuma

The controversial Gupta family is known to wield substantial influence in South Africa through its close ties with Zuma.

Feb 15, 2018

PNB fraud rattles Indian lenders: Here are top five banking scams

Shares in Punjab National Bank slumped as much as 8 percent on Thursday, its second straight day of fall following fraudulent transactions at one of its branch in Mumbai.

Feb 15, 2018

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Valentine's week: Bengaluru airport spreads scent of love across globe, exports 325 tonnes of roses

About 325 tonnes of roses were exported to 36 destinations in 25 countries between Feb 1 and Feb 14 from Bengaluru International Airport.

Feb 14, 2018

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Changes proposed in PPF and small savings schemes: All you need to know

The government has proposed to allow premature closure of PPF accounts and opening of small savings accounts in the name of minors.

Feb 14, 2018

Bad loans and capital infusion: Welcome to the freeloaders' paradise

The unavoidable, inevitable public largesse on defaulters and their abettors encourages lax governance and a lack of probity.

Feb 14, 2018

Hindustan Unilever to cut online ad expenditure if digital platforms don't get rid of divisive content

Hindustan Unilever Limited (HUL) will cut down on ads on Twitter, Facebook, and Google if the social media platforms fail to contain divisive content.

Feb 14, 2018

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US shale boom could force OPEC to take action: Here's how India can benefit

The relentless rise of U.S. shale output could prompt the world's top oil producers to bring a change in their policy, according to the Paris-based IEA.

Feb 14, 2018

Why it's best to avoid PSU bank stocks right now

Market experts believe the new measures by the RBI would lead to early recognition of bad loans, leading to higher provisioning expense that could subsequently hit bank profits.

Feb 14, 2018