Home » Business » Economy

Economy - Page 284

Trump administration in the WTO alleged that export incentives were harming American companies.

WTO sees signs of trade tensions starting to affect global economy

WTO analysis found that G20 countries introduced 39 new trade restrictions between mid-Oct last year and mid-May this...

5 July 2018 8:38 AM IST

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

ICICI Bank aims to grow home loan book to Rs 2 trillion by FY20

At Rs 1.5 trillion, the mortgage loan-book is half of the bank's overall retail loan portfolio of around Rs 3 trillion,...

4 July 2018 7:11 PM IST

The Income-Tax (I-T) raids continued for the second day on the houses and offices of two businessmen.

IT Department expedites clearance of pending issue of refunds

More than Rs 70,000 crore of refunds have been issued to the taxpayers as a result of the special drive.

4 July 2018 2:06 PM IST

Reserve Bank of India (RBI) on Thursday directed all payment system operators in India to store data within the country.

RBI issues license to Bank of China for operations in India

The decision was based on the commitment made by Prime Minister Narendra Modi to the Chinese leadership.

4 July 2018 2:02 PM IST

According to the district agricultural office, paddy farming was held in 835 hectares out of 1,615 hectares of fallow land in various places in the district.

Cabinet hikes minimum support price of paddy by Rs 200 per quintal

The proposed hike is estimated to cost the taxpayers a whopping amount of Rs 15,000 crore annually.

4 July 2018 1:14 PM IST

In its judgement, the state consumer commission had upheld a district foras order asking the bank to pay the money to the man while holding deficiency in service on part of the bank.

Services PMI returns to growth, records sharpest expansion in a year

A strong improvement in demand also encouraged firms to hire at a faster pace than in May.

4 July 2018 11:16 AM IST

The government has asked PNB and probe agencies to share details of the Rs 13,000 crore scam with chartered accountants apex body ICAI, which is looking into the systemic issues related to the fraud, an official said.

PNB to shutter most operations at fraud-hit Mumbai branch, say sources

India's second-largest state lender seeks to tighten controls and restore its reputation.

3 July 2018 5:47 PM IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

IDBI Bank employees oppose proposed take over by LIC

This is a clear move to privatise it, bypassing the assurance given to Parliament.

3 July 2018 5:26 PM IST

Exports seem to have good performance in June: Prabhu

The country's manufacturing sector activity in June grew at the strongest pace this year.

3 July 2018 9:21 AM IST

The Serious Fraud Investigation Office (SFIO) has summoned the top management of about 31 banks having exposure to Mehul Choksi-promoted Gitanjali Gems.

India bankers panel suggests steps to tackle bad loans

The bad loans problem, driven largely by infrastructure sectors including power.

3 July 2018 9:14 AM IST

State Bank of India, SBI, had earlier reduced minimum balance requirement. (Photo: PTI)

Arijit Basu takes charge as Managing Director of SBI

During his tenure, the company successfully listed on the Stock Exchanges in October, 2017.

2 July 2018 3:50 PM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Higher tax mop up due to reforms

Only a holistic review of the entire gamut of steps will enable us to understand the impact on the overall tax...

2 July 2018 1:12 AM IST