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US complaint stated, China appears to be breaking WTO rules by denying foreign patent holders. (Photo: ANI)

China April producer inflation picks up for first time in 7 months

China's economic growth to cool to 6.5 per cent this year from 6.9 per cent in 2017.

10 May 2018 10:21 AM IST

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

RBI refuses to ease NPA norm, shocks power sector

RBI is not in favour of any special forbearance for the sector that would have prevented the loans from being...

9 May 2018 12:59 PM IST

Public sector banks (PSBs) wrote off Rs 2.41 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed on Tuesday.

PSBs need to pass reform test for recapitalisation

Till March 31, 2018, the finance ministry disbuÂ¬rÂ¬sed Rs 88,000 crore under the plan.

9 May 2018 8:22 AM IST

Bank of India has cut MCLR rates by 0.05-0.10 per cent for various tenors from September 10.

BoI has Rs 200 cr exposure in PNB scam, initiates proceedings: CEO

Nirav Modi and his uncle Mehul Choksi are alleged to have perpetrated the country's biggest banking sector scam.

8 May 2018 3:49 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Panel on incentivising digital payments under GST to meet on May 11

The GST Council had last week discussed giving a concession of 2 per cent in GST rate.

8 May 2018 3:38 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

India and World Bank sign USD 200 million loan deal

The project will include investments in improving the skills and capacities of ICDS staff and community nutrition...

7 May 2018 7:41 PM 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 Q4 profit plunges 45 per cent to Rs 1,142 cr

It had a net profit of Rs 2,083 crore in the January-March quarter of the preceding fiscal, 2016-17.

7 May 2018 7:30 PM IST

Bank of India has cut MCLR rates by 0.05-0.10 per cent for various tenors from September 10.

BoI offers home loans at cheaper rates to good credit score holders

A consumer's CIBIL score is a three-digit numeric summary of the credit information report.

7 May 2018 7:22 PM IST

The enforcement directorate has registered a case of money laundering in connection with an alleged Rs 621 crore loan fraud involving UCO Bank.

ED files PMLA case in Rs 621 crore UCO Bank loan fraud

The agency has filed a criminal complaint under the Prevention of Money Laundering Act.

7 May 2018 2:02 PM IST

In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016.

ICICI Bank board to meet on Monday, CEO loan issue may come up

There are series of allegations of impropriety in ICICI Bank extending loans to some companies and enjoying reciprocal...

6 May 2018 2:53 PM IST

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

Big wilful defaulters owe Punjab National Bank Rs 15,172 crore

The public sector lender has been putting out the names of wilful defaulters and firms since June 2017.

6 May 2018 11:33 AM IST

The government has notified the timeline for furnishing final tax returns for July and August under the Goods and Services Tax (GST) regime.

GST Council announces simplified return filing process

A taxpayer shall be also given user-friendly IT interface and offline IT tool to upload the invoices.

5 May 2018 11:07 AM IST