Business News

Mumbai: Lending major State Bank of India (SBI) on Thursday reported a decline of 6.93 per cent in net profit for the third quarter of 2020-21 on a year-on-year basis. Accordingly, the bank's net profit fell to Rs 4,574 crore from Rs…

New Delhi: Finance Ministry has released the 14th weekly instalment of Rs 6,000 crore to the states on Wednesday to meet the GST compensation shortfall. Out of this, an amount of Rs 5,516.60 crore has been released to 23 states and an…

New Delhi: India's growth is set to further accelerate on the back of the path breaking plan to set up a 'Bad Bank', which is expected to absorb Rs 2 lakh crore worth of non-performing assets (NPA). Accordingly, the process is expected…

New Delhi: The Centre informed the Rajya Sabha on Wednesday that more than Rs 124 crore was spent in the last three years on media campaigns for tourism promotion in the country. The information was given through a reply by Union…

New Delhi: More than three in four professionals in India will consider changing jobs or actively look for a new role in the next 12 months, said a new survey by professional networking platform LinkedIn on Wednesday. But the new "Job…

Mumbai: The Reserve Bank of India (RBI) on Wednesday released a circular on risk-based internal audit (RBIA) for non-banking finance companies (NBFC) and urban co-operative banks (UCB). The circular covers all deposit taking and…

Thiruvananthapuram, Feb 3 (UNI) The Kerala Cabinet on Wednesday approved the signing of a Memorandum of Understanding (MoU) between Technopark and Tata Consultancy Services to set up a new centre of TCS in Technocity at Pallipuram, on the…

Mumbai: The Reserve Bank of India (RBI) has appointed an external professional IT firm to carry out a special audit of the entire IT infrastructure of HDFC Bank. The development follows recent outage in the bank's internet banking and…

New Delhi: India's January merchandise exports rose over 5.37 per cent on a year-on-year basis, preliminary data showed on Tuesday. Accordingly, the country's merchandise exports during the month under review grew to $27.24 billion…

Washington, Feb 3 (Sputnik) Amazon's Jeff Bezos in an email to employees said he is stepping down from his role as Chief Executive Officer of the company.  "I’m excited to announce that this Q3 I’ll transition to Executive Chair of the…

Kolkata, Feb 2 (UNI) Power Finance Corporation Ltd (PFC), the leading NBFC in power sector, has successfully raised USD 500 million on  January 29 through issuance of USD denominated Bonds under Reg S route with a fixed maturity of May 16,…

NEW DELHI: In a marginal hike of around 1.4 percent, the defence budget was increased to Rs 4.78 lakh crore for 2021-22 as against last year's allocation of Rs 4.71 lakh crore while it has emerged that the armed forces spent an additional…

NEW DELHI: A large number of commonly used items, including refrigerators, air conditioners, LED lights and mobile phones, will become more expensive due to hike in customs duty on imported parts, as proposed by Finance Minister Nirmala…

New Delhi , February 2   Chairman and Chief Executive Officer (CEO) of the Indian Railway Board (Ministry of Railways) Suneet Sharma on Monday lauded the Centre's allocation of Rs 1,10,055 crore to Indian Railways, calling it…

Mumbai, Jan 31(UNI) India's foreign exchange reserves for the week ended January 22, rose by USD 109 crores to reach USD 58,533 crores. Prior to this for the week ending January 15 India's Foreign Exchange Reserves had decreased by USD 184…

New Delhi, Jan 31 (UNI) The Goods and Services Tax (GST) revenue collection for January has almost touched Rs 1.20 lakh crore, the Ministry of Finance said here on Sunday. 'The gross GST revenue collected in the month of January till…

BENGALURU: On Friday, when Tesla CEO Elon Musk simply wrote #Bitcoin on his Twitter Bio, the cryptocurrency soared 14 per cent to touch a two-week high of $36,901 (roughly `26.9 lakh) value. When the world’s richest man says it, people…

NEW DELHI:  What’s in it for me would be the prominent question racking the brains of many when Finance Minister Nirmala Sitharaman presents the Union Budget on Monday. Be that as it may, the salaried class battered by the pandemic is…

CHENNAI: Who said you need an expensive cruiser to tour the country? Apparently, you don’t even need a detailed plan — to set out on a road trip, or navigate your way through life. “If you want to do something, you just got to go out and do…

NEW DELHI:  India’s core infrastructure sector contracted by 1.3% in December 2020, continuing its momentum of slide since lockdown, which they fear can drag down India’s recovery. The only time the sector saw some revival was in…