New Delhi, October 13 (IANS): Air India on Sunday said that the issues regarding aviation fuel payments are being sorted out with the state-run oil companies and they would be resolved early. The statement comes days after oil PSUs (public sector…

New Delhi, October 13 (IANS): There is definite hunger and desire among the Indian enterprises to move their workloads to the Cloud and with Oracle Gen 2 data centre now open in Mumbai, we have ensured that sensitive data remains within the…

MUMBAI, OCTOBER 13 (PTI): Passenger vehicle (PV) exports increased by over 4 per cent in the first half of the current fiscal, with Hyundai Motor India leading the segment with dispatches of over 1.03 lakh units to various geographies like Africa…

New Delhi, October 13 (IANS): Public sector banks having fund exposure to the bankrupt real estate firm HDIL may have to classify the loans given to it as non-performing assets (NPA or bad loans) under the RBI norms, make provisions for them and…

MUMBAI, OCTOBER 23 (PTI): Indian Railway Catering and Tourism Corporation (IRCTC), which recently concluded its Rs 645-crore initial public offering, will make its stock market debut on Monday.   The shares will be listed on the BSE and the…

New Delhi, October 13 (IANS): In a major setback for India's economic outlook, a World Bank report on Sunday estimated India's economic growth in the current fiscal at 6 per cent, lower than the Reserve Bank of India's latest revised outlook of 6.1…

Workers make pipes used for drilling, at a factory in an industrial area in Mumbai, January 29, 2018. REUTERS/Danish Siddiqui/Files   NEW DELHI, October 12 (Reuters): India’s industrial output shrank at its fastest rate in more than six years in…

Mumbai, October 12 (IANS): The public sector Punjab & Sind Bank (PSB) has revealed around Rs 441 million loan exposure to the absconding diamantaire Mehul Chinubhai Choksi, here on Saturday.   This is the first time the 111-year-old bank has…

New Delhi, October 12 (IANS): The Enforcement Directorate (ED) has attached immovable properties worth Rs 4,025.23 crore of Bhushan Power and Steel Limited (BPSL) in a money laundering case against the firm for siphoning off funds obtained as loans…

Mumbai, October 12 (IANS): Indian banks' credit growth rate, for the first time this fiscal, slowed to single digit at 8.8 per cent to Rs 97.71 lakh crore during the fortnight to September 27, according to the Reserve Bank of India supplementary…

Mumbai, October 12 (IANS): The Reserve Bank of India on Friday has changed the daily reporting system at cooperative banks after the collapse of Punjab and Maharashtra Cooperative Bank following the unearthing of over Rs 4,000 crore fraud there…

New Delhi, October 12 (IANS): Rs 1,260 crore has been diverted to Malvinder Singh's firm RHC Holdings Pvt Ltd in order to square off liabilities, the Economic Offences Wing (EOW) probing the Religare Fraud Case told a Delhi Court.   "The forensic…

San Francisco, October 12 (IANS): In a major jolt to Facebook, several top-notch companies like Visa, Mastercard and EBay have pulled out of the Libra cryptocurrency project ahead of their first meeting in Geneva on October 14.   PayPal was the…

New Delhi, October 11 (IANS): In what suggests growing inequality in the society with the rich getting richer, the total number of individual taxpayers filing more than Rs 1 crore income grew by 20 per cent in assessment year (AY) 2018-19 to 97,689…

Cars are seen parked at Maruti Suzuki's plant at Manesar, in Haryana on August 11, 2019. (REUTERS File Photo)     NEW DELHI/BENGALURU, October 11 (Reuters): India’s passenger vehicle sales slumped 23.7% in September, the eleventh straight month…