Business
Government to Split Air India's Debt Ahead of Stake Sale: Jayant Sinha
Companies including low-cost Indian carrier IndiGo, owned by InterGlobe Aviation, Tata Group and Turkey's Celebi Aviation Holdings, have expressed an interest in buying some of Air India's operations.
Oil Edges Up as US President Donald Trump Set to Meet North Korea's Kim Jong Un
The two will likely meet by May and Kim has pledged to refrain from further nuclear or missile tests, South Korea's national security chief said late on Thursday after briefing White House officials on talks between Seoul and Pyongyang.
Rupee Gains 9 Paise Against Dollar in Opening Trade
Forex dealers said weakness in the dollar against some other currencies overseas and foreign capital inflows in the domestic equity markets supported the rupee.
Donald Trump to Impose Steep Tariffs on Steel, Aluminium; Stokes Trade War Fears
Trump said the duties, 25 percent on steel imports and 10 percent on aluminium, would be formally announced next week, although White House officials later said some details still needed to be ironed out.
Prime Minister Narendra Modi Seeks Foreign Investments, Says India One of the Most Open Economies
Speaking at the India-Korea Business Summit, Prime Minister Narendra Modi said his government has worked towards creating a stable business environment and removed arbitrariness in decision-making.
WhatsApp Leak: Sebi Asks HDFC Bank to Probe Matter
In an order, the Securities and Exchange Board of India (Sebi) said it can prima facie be inferred that the unpublished price sensitive information (UPSI) relating to financials of HDFC Bank was leaked.
Indian Exchanges Cut Ties to Foreign Bourses After Government Nod: Sources
It was only after receiving the endorsement that India's three private stock exchanges - National Stock Exchange, BSE Ltd, and MSEI Ltd - proceeded with the joint announcement on Feb. 10 to stop providing data to foreign rivals, said two senior officials...
Rupee Recovers 17 Paise Against US Dollar
Currency traders said strength in the US dollar against major global currencies, however, capped the gains in the domestic unit.
HDFC Disburses Rs 2,800-Crore Low-cost Loans Under Central Scheme
In value terms, home loans to the EWS and LIG segments grew 32 percent and 39 percent, respectively, during the April-December 2017 period.
IT Industry to See Flat Growth in FY19 Too: Nasscom
According to Chandrashekhar, the industry may hire 100,000 new hands in FY19, which again 50 per cent lower than what it had projected for this year.
City Union Bank Hack 'Similar' to $81 Million Bangladesh Central Bank Heist
The unknown hackers disabled the City printer connected to global payments platform SWIFT on Feb. 6, preventing the bank from receiving acknowledgement messages for three fraudulent payment instruction sent that evening until the next morning.
Gitanjali Gems Shares Continue to Fall, Down by 10%
The stock tumbled 9.99 per cent to Rs 33.80 — its lower circuit limit — on BSE.
Twin Balance Sheet Problem Holding up Growth in Banking Sector: CEA Arvind Subramanian
He said during the current financial year, Rs 2.10 lakh crore was given as recapitalisation in banks. On Reforms, he said, there must be scrutiny, monitoring and disciplined deployment of recapitalisation made in banks.
Punjab National Bank Reports Rs 11,360 Crore Fraud: Here's How it Affects You
According to National Stock Exchange (NSE), PNB approximately has a market capitalisation of Rs 36,566 crore with a total loan book of Rs 4.5 lakh crore. With the sharp fall, investors lost nearly Rs 3,000 crore of wealth on a single day.
Punjab National Bank Detects Rs 11,360 Crore Fraudulent Transactions, Shares Slip
PNB shares were trading 4.1 percent lower by 0420 GMT, having fallen as much as 5.7 percent in early trading. The main Mumbai market index was little changed.
Gold Trader Gets Dubai Licence to Trade and Store Cryptocurrencies
The licence allows the company to store bitcoin, ethereum and other alternatives to the best-known digital currencies in a vault located in the headquarters of the commodities free zone, DMCC said in a statement on Tuesday.