Business

The Supreme Court has affirmed an order levying a penalty of Rs 10 crore on SpiceJet for withholding the monies which were to be credited into the Central government's account.

ICICI, the country’s largest private bank, is embroiled in a controversy after a blog post highlighted a letter written by one of its shareholders to the Prime Minister and Finance Minister.

Regarding Aadhaar, the ministry said depositors were required to submit their Aadhaar number at the time of opening of account or purchasing certificates.

The investment of Rs 4,300 crore earmarked for BSNL's own expansion will primarily go into strengthening the mobile network, upgrading broadband infrastructure and strengthening the core network, its Chairman and Managing Director Anupam Shrivastava said.

The GST Council, headed by Finance Minister Arun Jaitley and comprising his state counterparts, had in its meeting on March 10 decided on e-way bill roll out and extension of 3B filing facility.

Currently Professor, Finance at University of Chicago, Booth School of Business, Raghuram Rajan said that in every industrial country, more jobs have disappeared in routine skilled and non routine unskilled jobs, which has partly led to the anxieties.

A new monitoring group will be set upby Punjab National Bank to keep track of whether cash flow from projects is being used to repay bank loans and that there are no slippages, sources said, adding that a separate vertical to be created for stressed asset...

The minister, Ananth Kumar, said a plastic recycling unit will be established with an investment of Rs 3.50 crore in Deoghar, the second unit in India after Guwahati.

UltraTech's latest offer will give it 98.43 percent of Binani Cement, the company said, adding a deal will only be concluded at the end of bankruptcy proceedings against Binani.

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent in early trade. Japan's Nikkei was down 0.3 percent.

India's trade deficit narrowed to Rs 1200 Crore in February from Rs 1630 Crore in the previous month, the trade secretary said on Thursday.

State Bank of India and three other state-run banks, Union Bank of India, UCO Bank and Allahabad Bank, are among lenders who have extended credit based on the LoUs issued by PNB that were later found to be fraudulent.

Data released by the Central Statistics Office (CSO) showed that the rate of price rise in the consumer food segment was lower at 3.26 per cent in February, as against 4.7 per cent in the previous month.

On Friday, the rupee had lost 3 paise to end at 65.17 against the US dollar.

India's economy has expanded strongly in recent years, thanks to macroeconomic policies that emphasise stability and efforts to tackle supply-side bottlenecks and structural reforms. Disruptions from demonetisation and the rollout of the goods and service...

Passport details will help banks to take timely action and inform the relevant authorities to prevent fraudsters from fleeing the country.