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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

Marriage without consent: SC allows Karnataka woman to stay away from...

However, SC refused to annul 26-year-old woman's marriage only on the ground that it was performed without her consent.

7 May 2018 7:09 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.

GSTN to rope in private entities for tax payer profiling

GST Network has invited bids from private entities for -"360-degree-" profiling of taxpayers for early detection of...

7 May 2018 6:54 PM IST

Prime Minister Narendra Modi on Thursday said subsidy targeting using trinity of Jan Dhan accounts, mobile numbers and Aadhaar helped save the government USD 10 billion. (Photo: PTI)

During visit to Nepal, PM Modi to announce 3 'surprise gifts' for...

This will be Prime Minister Narendra Modi's third visit to Nepal after he assumed office in 2014.

7 May 2018 6:13 PM IST

Indian Premier League team Rising Pune Supergiant owner Harsh Goenka (Photo: .rpggroup)

Harsh Goenka urges Centre for help after employees kidnapped in...

Those abducted were working with KEC, an RPG group company and global infrastructure engineering, procurement and...

7 May 2018 4:59 PM IST

A factory reeling out Wonder Tees made of Recycled Polyethylene Terephthalate.

India to have talent surplus of 245 million workers by 2030: Study

India is the only country expected to have a surplus of highly skilled financial and business services labour by 2030.

7 May 2018 4:38 PM IST

Tata Power Renewable Energy Ltd, a 100 per cent subsidiary of Tata Power, has signed an SPA with Welspun Energy to acquire its subsidiary WREPL.

Tata Power output at 53,556 MUs in FY 2018

The company generated 52,512 million units of power in 2016-17 from all its units, ranging from thermal to solar.

7 May 2018 4:11 PM IST

The merger of HPCL, a marketing entity, with the oil giant ONGC, a downstream player, is to be welcomed as it will not only create an oil behemoth domestically but is a precursor to a much more exciting merger of several players in the exploration and marketing space.

ONGC clocks 6.3 per cent rise in gas production

It produced 23.484 billion cubic meters of gas in 2017-18 as against 22.088 bcm in 2016-17, he said.

7 May 2018 3:47 PM IST

The commerce ministry has circulated a draft cabinet note seeking views of different departments on the proposed industrial policy that aims to promote emerging sectors, Union minister Suresh Prabhu said.

Govt to prepare action plan to boost trade with Africa: Prabhu

The commerce ministry has decided to formulate a comprehensive action plan to boost India's trade with Africa.

7 May 2018 3:13 PM IST

Gangrape and murder of 16-year-old in Jharkhand: 14 accused have been arrested; six are still missing. (Photo: PTI)

Fear and fair can't exist together: SC shifts Kathua rape case to...

The apex court also ruled out CBI inquiry in case.

7 May 2018 3:00 PM IST