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The income tax department and the ministry of corporate affairs (MCA) have signed a pact to regularly share data, including PAN and audit reports of firms. (Representational Image)

States collect Rs 10,000 cr taxes online post e-governance initiatives

More than 19-crore vehicles and 10-crore driving licence records have come under the national register.

18 Jun 2018 11:43 AM IST

The rating agency noted that losses were reported at 19 of the 21 state banks in FY18, including State Bank of India (SBI), while earnings at the large private banks also came under significant pressure, with Axis Bank reporting its first-ever quarterly loss.

NPA write-offs by public sector banks surge 140 pc over their losses

The recent tight prudential norms released by RBI on February 12 have added to the NPA woes.

15 Jun 2018 5:14 PM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

ICICI, Axis have gaps in their risk control mechanism, says Fitch

It can be noted that both the private sector lenders have had a tumultuous time in the past few months.

15 Jun 2018 4:49 PM IST

Maharashtra Chief Minister Devendra Fadnavis. (Photo: PTI)

Want to make Mumbai fintech hub: Maharashtra CM Fadnavis

According to estimates, more than 20 mn infra projects on the anvil in the country, 51 pc are in Maharashtra.

14 Jun 2018 1:14 PM IST

The hardening of the WPI index follows an uptick in retail inflation, announced on Tuesday, which hit a 22-month high of 5.77 per cent in June.

WPI inflation rises to 14 month high of 4.43 pc in May on costlier...

WPI inflation for March was revised upwards to 2.74 per cent from the provisional estimate of 2.47 per cent.

14 Jun 2018 12:34 PM IST

India has been opposing discussions on new issues like e-commerce, SMEs, gender, investment at the World Trade Organisation. (Photo: ANI)

London top hub for Indian tech investment

London has attracted more investment projects from India than any other major European city.

14 Jun 2018 11:54 AM IST

Federal Reserve Chairman Jerome Powell. (Photo: AFP)

Fed lifts rates amid stronger inflation, drops crisis-era guidance

Fed policymakers projected gross domestic product would grow 2.8 per cent this year.

14 Jun 2018 10:56 AM IST

HDFC Bank is Indias second largest private sector bank. (Photo: PTI)

Cabinet clears HDFC Bank's proposal to raise Rs 24,000 cr via FDI

With the raising of this capital, FDI in the bank would hit the regulatory ceiling of 74 per cent.

13 Jun 2018 7:19 PM IST

Punjab National Bank today said money of customers is safe and asserted that there would be zero tolerance towards unethical practices.

Scam-hit PNB's capital adequacy fall below regulatory requirement

At the end of March, 2018, total capital ratio as per the Basel- III requirement declined to 9.20 per cent.

13 Jun 2018 6:23 PM IST

Formal education, access to growth opportunities help people to upgrade their talent, while standard of living allows the country to hold back the talent (Photo: Representational)

RBI may hike rates again in August on rise in inflation, say analysts

Analysts at German brokerage Deutsche Bank also said they expect a 0.25 per cent rate hike by the RBI at the August...

13 Jun 2018 5:35 PM IST

Wells quoted the US president and said the ties had never been stronger, never been better. (Photo: AP)

India, US agree to hold comprehensive talks to address trade issues

A full-fledged case has been made by India for waiver of steel and aluminum tariffs.

13 Jun 2018 11:32 AM IST

The Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, started its 2-day meeting on Wednesday.

RBI seeks more powers to ably regulate public sector banks

The total NPAs of all banks (including private) were Rs 8.99 lakh crore.

13 Jun 2018 8:40 AM IST