PNB scam: RBI declines to share copies of inspection reports

PNB scam: RBI declines to share copies of inspection reports

A man reads a newspaper outside a branch of Punjab National Bank (PNB) in Ahmedabad on March 20. (REUTERS File Photo)   New Delhi, May 13 (PTI): The Reserve Bank of India (RBI) has declined to share inspection reports for scam-hit Punjab National Bank (PNB), citing RTI clauses that bar disclosure of details which may […]

Govt, regulators mull challenge-proof definition for shell companies

New Delhi, May 13 (PTI): As multiple agencies and regulators probe suspected use of only-on-paper firms for financial irregularities, the government is looking to put in place a proper definition for shell companies so that investigations are not hampered and prosecution can withstand scrutiny in courts of law.   A number of entities accused of […]

Focus on motorcycles, not looking at new segments: Eicher Motors

Focus on motorcycles, not looking at new segments: Eicher Motors

Eicher Motors Ltd. Chief Executive Officer Siddhartha Lal (R) and President of Royal Enfield Rudratej Singh (C) pose during the launch of their limited edition motorcycle at Royal Enfield’s new flagship store in New Delhi. (REUTERS File Photo)   New Delhi, May 13 (PTI): Eicher Motors will focus on its motorcycle business through Royal Enfield […]

BSE-Ebix JV to seek IRDAI’s nod for insurance distribution

BSE-Ebix JV to seek IRDAI’s nod for insurance distribution

A man walks past the Bombay Stock Exchange (BSE) building in Mumbai. (REUTERS File Photo)   Kolkata, May 12 (IANS): India’s leading stock exchange BSE Ltd’s joint venture (JV) with US based insurance exchange Ebix will seek approval from the Indian insurance regulator for rolling out of its insurance distribution venture, the BSE chief said […]

Air India records 20% growth in revenue

Air India records 20% growth in revenue

An Air India Airbus A320neo plane takes off in Colomiers near Toulouse, France. (REUTERS File Photo)   New Delhi, May 13 (PTI): Air India has recorded a 20 per cent growth in revenue in March-April 2018 and has embarked on a route analysis exercise, focussing on increasing flying hours of each of its aircraft, to […]

Government clears FDI proposals worth Rs 3,250 cr

Government clears FDI proposals worth Rs 3,250 cr

New Delhi, May 11 (IANS): The Finance Ministry on Friday said it cleared an FDI proposal last month which will bring total foreign investment worth Rs 3,250 crore.   The proposal sought Foreign Direct Investment (FDI) in Hindustan Infralog Pvt Ltd, a proposed investing company, by Netherlands-based DP World Global Investment BV.   The investment will […]

Bank unions announce 48-hour strike from May 30

Chennai, May 11 (IANS): Over 10 lakh bankers in government and private banks will go on a 48-hour strike starting on May 30, said an All India Bank Employees Association (AIBEA) leader.   The United Forum of Bank Unions (UFBU) proposed the strike beginning 6 a.m. on May 30, till 6 a.m. on June 1, demanding […]

Walmart Go Back! Some Indian trader, farmer groups decry Flipkart deal

Walmart Go Back! Some Indian trader, farmer groups decry Flipkart deal

Activists from Swadeshi Jagran Manch, a wing of Hindu nationalist organisation Rashtriya Swayamsevak Sangh (RSS), scuffle with police during a protest against U.S. retailer Walmart’s majority stake buy in Indian e-commerce firm Flipkart, in New Delhi on May 10. (REUTERS Photo)   NEW DELHI, May 10 (Reuters): A day after U.S. retail giant Walmart struck […]

Railways to roll out smart coaches with diagnostics & info system

Railways to roll out smart coaches with diagnostics & info system

New Delhi, May 10 (IANS): They are billed as smart coaches, and Indian Railways will soon roll out these modern train compartments equipped with black boxes and coach information and diagnostics systems.   The black boxes, a first for the Railways, will have a powerful multi-dimensional communication interface to provide all kinds of information on coach […]

Ericsson launches customised network solutions for Indian market

Ericsson launches customised network solutions for Indian market

New Delhi, May 10 (IANS): Telecommunications service provider Ericsson on Thursday introduced a new category of radio products called Street Macro in India to enable a smooth evolution from 4G to 5G.   Street Macro is a new site type that addresses the need for operators to grow in cities with limited available radio locations.   […]