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Indian Bank expects to complete merger with Allahabad Bank by March 31Business
Indian Bank expects to complete merger with Allahabad Bank by March 31

Last week, the government announced consolidation of 10 public sector banks into four mega state-owned lenders.

3 Sept 2019 3:44 PM IST

Union Cabinet clears over Rs 9,000 cr capital infusion in IDBI BankBusiness
Union Cabinet clears over Rs 9,000 cr capital infusion in IDBI Bank

Out of Rs 9,000 crore, government will provide Rs 4,557 crore as one-time re-capitalisation, said Minister Prakash...

3 Sept 2019 3:13 PM IST

Merger woes: Bank officers associations to meet in Delhi on Sept 5Business
Merger woes: Bank officers associations to meet in Delhi on Sept 5

All the general secretaries of all banks-' officers associations will meet there and finalise the action program to...

3 Sept 2019 2:59 PM IST

SC seeks NBCC response on completing stalled Jaypee group projectsBusiness
SC seeks NBCC response on completing stalled Jaypee group projects

The bench posted the matter for further hearing on Thursday and extended the status quo order till then.

3 Sept 2019 1:18 PM IST

PSB stocks plunge up to 9.3 per cent post merger announcementBusiness
PSB stocks plunge up to 9.3 per cent post merger announcement

Shares of Corporation Bank tanked 9.28 per cent to Rs 17.10, Punjab National Bank plunged 8.54 per cent to Rs 59.40.

3 Sept 2019 1:11 PM IST

China\s Xiaomi boosts shares with USD 1.5 billion buyback planBusiness
China-'s Xiaomi boosts shares with USD 1.5 billion buyback plan

Xiaomi’s market share in China declined by a fifth in the April-June quarter

3 Sept 2019 10:29 AM IST

Tata Steel to shut some operations in UK, 400 jobs at stakeBusiness
Tata Steel to shut some operations in UK, 400 jobs at stake

Tata put up five of its non-core businesses in Europe on sale in May 2018 as it looked to focus on its strip products...

3 Sept 2019 8:56 AM IST

PNB board to consider Rs 18,000-crore capital infusion this weekBusiness
PNB board to consider Rs 18,000-crore capital infusion this week

The board shall consider capital infusion up to Rs 18,000 crore in its meeting scheduled on September 5, 2019, PNB said.

2 Sept 2019 8:11 PM IST

SBI Cards says IPO process initiated, decision on timing to hit mkt soonBusiness
SBI Cards says IPO process initiated, decision on timing to hit mkt...

State Bank of India (SBI) holds 74 per cent stake in the SBI Card and the rest is held by Carlyle Group.

2 Sept 2019 8:00 PM IST

IndiGo second on international routes, we are still market leader: Air IndiaBusiness
IndiGo second on international routes, we are still market leader: Air...

According to aviation regulator DGCA, IndiGo had around 47 per cent share of the domestic passenger market in July this...

2 Sept 2019 7:51 PM IST

India Inc\s foreign borrowings more than double to USD 4.98 bn in July: RBIBusiness
India Inc-'s foreign borrowings more than double to USD 4.98 bn in...

Of total money borrowed by domestic companies, USD 3.37 billion was through automatic route of external commercial...

2 Sept 2019 4:46 PM IST

Coal India output drops 10.3 per cent in AugustBusiness
Coal India output drops 10.3 per cent in August

CIL-'s production in the same month a year ago stood at 38.78 million tonnes.

2 Sept 2019 1:33 PM IST

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