Mumbai (IANS) Within days of the Reserve Bank of India (RBI) lowering its key lending rate, state-run State Bank of India (SBI) on Tuesday reduced its benchmark marginal cost of funds based lending rate (MCLR) and home loan rates, effective from … read more
New Delhi (IANS) After detecting mismatches in some e-way bill submissions, the Centre is now examining more GST Network (GSTN) data to see if such evasions are increasing sufficiently enough to consider withdrawing the facility of generating multiple e-way bills on … read more
Mumbai (IANS) Denying reports of it approving the merger of Lakshmi Vilas Bank (LVB) and Indiabulls Housing Finance Ltd (IHFL), the Reserve Bank of India has said that the merger does not have its nod so far and it would examine … read more
Chicago (IANS) Boeing is temporarily cutting production of its best-selling 737 airliner in the continuing fall-out from crashes in Ethiopia and Indonesia. The production will drop from 52 planes a month to 42 from mid-April, Boeing has said in a statement. … read more
New Delhi (IANS) Public sector telecom carrier BSNL has said there is no plan to effect any lay-offs in the company, as well as any move to reduce the retirement age although an attractive VRS is underway for “willing” employees. “Turnaround … read more
New Delhi (IANS) The Confederation of All India Traders (CAIT) welcomed Tuesday’s Supreme Court order that struck down a controversial RBI circular that mandated they immediately resolve loans of Rs 2,000 crore and above. The court verdict would have a bearing … read more
Kolkata (IANS) Coal India Ltd (CIL) on Monday said it has, for the first time, breached the 600 million tonne (MT)-mark in its production and off-take, clocking a 7 per cent and 4.8 per cent growth, respectively, during 2018-19 fiscal but … read more
Mumbai (IANS) Even as it tries to stave-off a proposed mass leave by a section of pilots, Jet Airways on Saturday said it has the requisite number of aviators to man its fleet currently under operation. “Operations on Monday are unlikely … read more
New Delhi (IANS) State-run Punjab National Bank (PNB) on Friday said it will sell part of its stake in PNB Housing Finance (PNBHFL) to global equity firms General Atlantic Group and Varde Partners for a total of Rs 1,851.60 crore. The … read more
New Delhi (IANS) The Supreme Court on Thursday dismissed petitions seeking stay on the merger of three public sector banks — Dena Bank, Vijaya Bank and Bank of Baroda. The merger is set to take effect on April 1. Rejecting the … read more