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The decision comes close on the heels of the merger that took SBI into the top 50 largest banks in the world with a balance sheet size of Rs 41 lakh crore, 500 million customers.

SBI's paid up capital rises to Rs 863 cr post Rs 15K cr QIP

The bank alloted 52.21 crore shares of face value of Re 1 at price of Rs 287.25 per share.

12 Jun 2017 8:28 PM IST

The July 1 rollout of the â€œone nation, one taxâ€GST regime does not seem such a frightening prospect now.

Textile industry: 18 per cent GST rate to raise prices of garments

The proposed 18 per cent tax would escalate the prices of final goods making them uncompetitive in the international...

12 Jun 2017 8:07 PM IST

The stock od Axis bank tanked 6.54 per cent to Rs 452.05 on BSE.

Axis Bank plans to raise Rs 5,000 cr from debentures

For the fourth quarter, Axis Bank reported 43 per cent decline in net profit to Rs 1,225.10 crore on higher provisioning...

12 Jun 2017 7:53 PM IST

IT Minister Ravi Shankar Prasad

Prasad to discuss digital eco with industry leaders on June 16

India is currently around USD 450 billion digital economy and it is expected to be USD 1 trillion in next 7 years.

12 Jun 2017 7:29 PM IST

General Electric Jeff Immelt.

General Electric announces retirement of CEO Jeff Immelt

Immelt, 61, who has served in the role since 2001, will hand his chief executive position over to John Flannery on...

12 Jun 2017 7:05 PM IST

Saif Ali Khan and Kareena Kapoor Khan.

Saif Ali Khan cancels international event to dance to the tune of his...

Bebo asked Saif to cancel an international event in order to do a duet performance at an awards show.

12 Jun 2017 6:50 PM IST

Amid the Tata-Mistry battle, Sebi feels that the board of a company can continue to seek expertise of a Chairman Emeritus even after the person has left the company.

Sebi plans stricter norms for independent directors

Against the backdrop of recent instances of boardroom battles involving large corporates, Sebi is looking to revamp the...

12 Jun 2017 6:47 PM IST

A screengrab from the video shared by Katrina Kaif.

Katrina shares dance video with Ranbir, says competition is on

Jughead Katrina Kaif has one thing to say to Jagga Ranbir Kapoor: The competition is on!

12 Jun 2017 6:43 PM IST

Goyal blames UPA for power plants designed on imported coal

The previous government did not even imagine that India could be self-sufficient and could depend solely on its own...

12 Jun 2017 6:15 PM IST

Anil Kumble is set to continue as the Team India head coach till the end of the West Indies tour. (Photo: AFP)

Anil Kumble to be Team India head coach until West Indies tour, if he...

There has been a shroud of uncertainty over Anil Kumble's future as the India coach, as a rift with Virat Kohli has been...

12 Jun 2017 6:15 PM IST

Indias largest software exporter TCS on Tuesday posted a slightly better than expected growth in earnings for the quarter ended March 2017 and said the company is having a solid pipeline of deals across markets and industries.

TCS partners Intel to aid customers' digital transformations

Both the companies will also be investing in creating centres of excellence in the country and in the US.

12 Jun 2017 6:12 PM IST

Manufacturers are cutting down production ahead of the GST rollout due to lack of clarity on tax rates.

Government examines drawback benefit schemes in GST regime

Exporters remained wary about the duty drawbacks as clarity over continuation or in which form remained a grey area till...

12 Jun 2017 5:57 PM IST