The State Bank of India (SBI) on Wednesday cut interest rate on savings deposits, with a balance of upto Rs 1 lakh, by 25 bps to 3.25 per cent from November 1, and slashed retail & bulk term deposit interest rates by 10 and 30 bps respectively for 1 year to less than 2-year tenor from October 10....
The State Bank of India and Bank of Baroda may report healthy pre-provision operating profit, but elevated credit costs and higher mark-down on DTA or Deferred Tax Assets could impact their earnings if they decide to move to the new tax regime in Q2. It will be a Soft and volatile quarter for banks, the brokerage said adding: ...
The earning preview for the September quarter, which begins Thursday, remains bleak with most companies having already paid their advance tax and thus unable to reap the benefits of the corporate tax reduction announced last month. "We are not assuming any benefits from the corporate tax reduction in 2QFY20 as ...
It may still be a long road ahead for privatisation of public sector oil refiner Bharat Petroleum Corporation Ltd (BPCL). The possibility of legal challenge over any plan to sell the government stake in the oil PSU has pushed executives and government officials to seek fresh legal opinion on the proposed disinvestment move....
Nearly 40 state attorneys general are set to join probe against Facebook's anti-competitive business practices. They met officials from the Justice Department and Federal Trade Commission (FTC) in Washington, DC, on Monday, reports Market Watch....
If the Indian government does not allow Huawei to build a fifth-generation (5G) network in the country, then Indian telecom operators may have to spend more on 5G infrastructure, US Rating agency Fitch has said in a report. "We are of the opinion that Indian telcos may need to invest more on 5G capex -...
The Enforcement Directorate said on Monday it is carrying out raids at two places in Mumbai of Housing Development and Infrastructure Limited (HDIL) Chairman Rakesh Wadhawan and his son Sarang Wadhawan following fresh revelations in the Punjab & Maharashtra Cooperative (PMC) Bank fraud case, as the ED found another jet and a yatch registered in ...
Union Minority Affairs Minister Mukhtar Abbas Naqvi said on Saturday the changes in the foreign direct investment (FDI) policy will lead to increased investments. Speaking at the 'Grahak Mela -- Customer Outreach Initiative' organised by the various banks here, Naqvi said the Central government has approved the proposal...
The US unemployment index fell from 3.7 per cent to 3.5 per cent in September, a month when 1,36,000 new jobs were created, the US Department of Labor reported this Friday. ...
The US unemployment index fell from 3.7 per cent to 3.5 per cent in September, a month when 1,36,000 new jobs were created, the US Department of Labor reported this Friday. The unemployment volume is at its lowest since the month of December 1969, no less than 50 years ago, the Efe news reported....
