Regulation

With US trade under a cloud, China opens market to Indian companies

China is considering opening up several markets, predominantly the pharmaceutical market to Indian companies as US trade war leaves the country's medical industry in trouble.

Jul 12, 2018

Airtel Payments Bank gets RBI approval to start taking in new customers

The digital bank was earlier fined Rs. 5 crore and suspended from enrolling new customers after violating KYC norms. The RBI and UIDAI have given the company the green light to begin accepting new customers after Airtel made changes to its KYC policy.

Jul 12, 2018

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DoT clears deck for Idea-Vodafone merger but with conditions

The merged entity will be the largest telecom company in India, dethroning Airtel after a period of 15 years

Jul 10, 2018

Home Ministry raises objection against Industrial and Commercial Bank of China

The development comes days after the RBI gave green signal to the Bank of China to open its inaugural branch in India.

Jul 9, 2018

Cabinet approves proposal to hike MSP of kharif crops

Economic experts fear that the increase in MSP could be a possible hindrance to the government's target of maintaining 3.5 percent fiscal deficit.

Jul 5, 2018

Bank of China gets green signal from RBI to open branches in India

Bank of China would only be the second Chinese bank after Industrial and Commercial Bank of China Ltd (ICBC) to open a branch in India.

Jul 5, 2018

Facebook says Saavn, Airtel had access to user data even after 2015

In a written submission to US Congress, Facebook said that these firms were allowed access to data following its partnerships with app developers and software makers.

Jul 4, 2018

Relief for taxpayer? Government won't set up 'bad bank' to flush your money down the drains

The idea of a bad bank resurfaced after state-run banks suggested the creation of an asset reconstruction company to tackle the bad loans.

Jun 28, 2018

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IT department attaches Benami properties worth Rs 43 billion

The Benami legislation came into existence in 1988. It was refined and made more stringent by the Narendra Modi government in November 2016.

Jun 26, 2018

Trump's trade war heats up with tariffs imposed by EU, India

The EU announced it would launch tariffs on some $3.2 billion worth of American goods such as whiskey, tobacco, Harley-Davidson motorcycles and peanut butter.

Jun 22, 2018

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DBT savings could touch Rs 40,000 crore in current Financial Year

Total savings since the inception of Direct Benefit of Transfer in 2013 to cross Rs1.25 lakh cr.

Jun 18, 2018

ICICI Bank, Chanda Kochhar receive notice from Sebi over Videocon loans

ICICI is India's third-biggest lender by assets. It is battling allegations that its chief executive, Chanda Kochhar allegedly favoured Videocon Group in its lending practices.

May 26, 2018

Madras High Court halts expansion of Vedanta's copper smelter after protest killings

Authorities have restricted internet services in at least three districts as protests engulf Tamil Nadu. About ten people have died in the ongoing protests.

May 24, 2018

Top executives at fraud-hit PNB misled RBI, CBI alleges

PNB, which is India's second-largest state-run bank, had said that two jewellery groups headed by Nirav Modi and his uncle Mehul Choksi had defrauded it of about $2.2 billion.

May 22, 2018

Fraud-hit PNB rapped for not making timely regulatory disclosures

PNB, India's second-largest state-run bank, said in February two jewellery groups had defrauded it of more than $2 billion by raising credit from overseas branches of other Indian banks via illegal guarantees issued by rogue PNB staff over several years.

May 18, 2018