Country's largest lender State Bank of India (SBI) on Monday said it will reduce interest paid on all term deposits from August 1. The lending major said that in accordance to the falling interest rate scenario and surplus liquidity, it will realign its interest rate on "Retail Term ...
The Supreme Court on Monday adjourned to August 2 a plea filed by fugitive liquor baron Vijay Mallya seeking a stay on the confiscation of his properties by the Enforcement Directorate (ED). Mallya escaped from India after defaulting on bank loans worth Rs 9,000 crore ...
The Indian equity market traded in the red during the early trade on Monday ahead of key corporate earning results of ITC, Bharti Airtel, Hero MotoCorp and Axis Bank. The performance of the sector heavy-weights will also be a cue for the investors to judge the intensity of the ongoing showdown in the economy....
Producing 95 major and minor minerals, including four fuel and three atomic minerals, the mining sector is an important segment of India's economy but needs more government focus to increase its contribution to the GDP, mining industry body FIMI said....
E-commerce major Flipkart on Sunday said that it has launched its first "furniture experience centre", in Bengaluru. "In order to give a touch and feel experience to customers in an ever-growing online furniture market, Flipkart has introduced its first furniture experience ...
Beverage major PepsiCo India on Sunday announced it will set up a greenfield snacks manufacturing plant in Uttar Pradesh with a total investment of around Rs 514 crore over the next three years. The company signed a memorandum of understanding (MoU) here with...
The company has reached agreements with the Antitrust Division of the US Department of Justice, T-Mobile Inc. and Sprint Corporation to complete this transformative transaction....
Private sector lending major ICICI Bank on Saturday reported a standalone net profit of Rs 1,908 crore for the first quarter of 2019-20. The bank had reported a net loss of Rs 120 crore for the corresponding period of the previous fiscal....
Close on the heels of Union Budget providing tax relief for buying electric vehicles, the GST Council in its 36th meeting on Saturday cut the tax on electric vehicles (EV) from 12 per cent to 5 per cent effective August 1, 2019. The Council has also slashed rate for EV chargers from 18 per cent to 5 per ...
US President Donald Trump has denounced France for its recently passed digital services tax law, and threatened "a substantial reciprocal action." France just put a digital tax on our great American technology companies. If anybody taxes them, it should be their home Country, the USA," Xinhua quioted the ...
