In April last year, the RBI had asked payment firms to ensure their data are stored exclusively on local servers, setting a tight six-month deadline for compliance

The weak public sector banks have higher non-performing assets (NPAs), falling profitability, and lower capital levels in the books, limiting their capability to extend term deposits.

The Anil Ambani headed company borrowed Rs 9,863.89 crore from China Development Bank, which happens to be the biggest creditor to the debt-laden telecom company

The Cabinet note being readied by the government is likely to suggest bringing down the minimum requirement for companies trying to get into the retail fuel segment.

RBI had received a reference from customs authorities regarding submission of forged bill of entries (BoEs) by certain importers to the bank for remittance of foreign currency

In the past 14 years Jet shareholders have lost Rs 11,397.18 crore from its peak market capitalisation of Rs 11,856.68 crore as on April 26, 2005. At that time, the share price of the airline had clocked an all-time high of Rs 1,373.35.

Amid volatile trade, domestic equity benchmark indices, BSE Sensex & NSE Nifty snapped four-day losses and gained over 0.20 % each to close in the green today.Sensex ended higher by 85 points at 39,046, while Nifty rose 19 points to close at 11,691. Of 50 Nifty stocks , 32 closed higher and on Sensex, 20 ended in the green.On the sectoral front, except FMCG, Pharma, Media and Auto stocks, all other indices advanced on the closing bell, with maximum gains in IT, Metal and E...

Meanwhile, two independent directors of Jet Airways stepped down from the company's board, citing the failure of the bank-led resolution plan for the debt-laden airline as one of the reasons.

Yes Bank was the worst hit among front-line stocks on the BSE; Yes Bank share price declined as much as 16.90 per cent to hit 52-week low of Rs 107.10

Captain Asim Valiani, President of the pilot union National Aviators Guild said that many employees did not accept good offers because they believed that revival was on the cards

On Monday, India's commerce minister met technology companies and heard their concerns about various federal plans to push for more stringent rules on data storage, which government officials say would help them better access data and conduct investigations.

Hiring activity increases 11% in May; IT, BPO, education take the lead: reportHiring activity registered 11 per cent jump in May over the corresponding month last year. This uptick has been fuelled by recruitment activity in the IT-software sector, BPO and education according to the Naukri JobSpeak report. The Naukri JobSpeak Index for May 2019  stood at 2,346, while in May 2018 it was 2,106.Anil Ambani falls off billionaire club; equity wealth crashes from $42 bn to $0.5 bnAnil Ambani, ...