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But were convinced by bank officials to invest in insurance, mutual funds or equity-linked savings scheme promising attractive returns. (Representational Image)

MF asset base dips Rs 66,000 crore in May to Rs 22.6 lakh crore

MFs are investment vehicles made up of a pool of funds collected from a large number of investors.

8 Jun 2018 2:51 PM IST

Following peers, state-owned Bank of India has hiked lending rates based on MCLR by 0.10 per cent for various tenors.

Bank of India hikes lending rate based on MCLR by 0.10 per cent

The bank has increased MCLR rates by 10 bps for various tenors, it said in a statement.

8 Jun 2018 1:33 PM IST

Companies in Hyderabad see 40-60 per cent less employee attrition as compared to Bangalore. (Representational Image)

Govt identifies over 2.25 lakh cos for not filing financial statement

Over 3.09 lakh directors were disqualified for not filing financial statements or annual returns for preceding 3 years.

8 Jun 2018 1:25 PM IST

Foreign direct investment in India increased to USD 61.96 billion in 2017-18, DIPP Secretary Ramesh Abhishek said on Friday.

FDI in India rises to USD 61.96 billion in 2017-18, says govt

FDI inflows stood at USD 60 billion in the previous fiscal.

8 Jun 2018 1:06 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.

Notice shot off to businesses for less IGST input credit claim

The analytics was conducted based on data between July to March - the first nine months of GST rollout.

8 Jun 2018 12:58 PM IST

In its interim appeal, Bharti Airtel had sought a stay on regulator TRAIs approval to Reliance Jio to continue with the free promotional offer. It had also sought a direction to TRAI to produce all records related to the regulators decision.

Reliance Retail to 'leverage' Jio's strength to consolidate position

As per its strategy, it would continue to expand network in tier II and III cities in the country.

8 Jun 2018 12:53 PM IST

Supreme Court refuses CBI probe into West Bengal BJP workers' death

Two BJP workers were killed in Purulia district of West Bengal after the panchayat polls.

8 Jun 2018 12:27 PM IST

A senior KSRTC officer said, When fuel prices were hiked, we assumed they would drop but now, our fuel expenditure has risen. (Representational Image)

Reduce oil duties to check fuel price rise, says Assocham

Over Rs 19 per litre is added to the cost on account of excise duty levied by the Centre.

8 Jun 2018 12:16 PM IST

Union finance minister Arun Jaitley listens to Chief economic advisor Arvind Subramaniam as minister of state for finance Shiv Pratap Shukla looks on, at the 22nd meeting of the GST council, in New Delhi on Friday. (Photo: PTI)

Working to rationalise GST rates, says Shiv Pratap Shukla

The MoS Finance said a big announcement from the government regarding GST is imminent.

8 Jun 2018 12:00 PM IST

The boys body was sent to Omandurar Government multi-specialty hospital for autopsy, the police said.

Body found at servant quarters of Rashtrapati Bhavan

The person, whose body was found, worked at President Secretariat and was unwell.

8 Jun 2018 11:35 AM IST

Indian cricket captain Virat Kohlis wax statue was unveiled at the Madame Tussauds museum in New Delhi on Wednesday. (Photo: Facebook | Madame Tussauds Delhi)

Fans damage Virat Kohli wax statue at Delhi's Madame Tussauds

The museum suspects the right ear of Virat Kohli's statue was damaged when fans were clicking selfies.

8 Jun 2018 11:29 AM IST

The Uttarakhand government on Wednesday slashed cess and VAT on petrol and fuel by 2 per cent each. Photo: PTI

Petrol price cut by 21-22 paise per litre, diesel by 15-16 paise

In Delhi, petrol now costs Rs 77.42 a litre, and diesel costs Rs 68.58 per litre.

8 Jun 2018 11:29 AM IST