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BusinessToday.In
New Delhi, August 6, 2018
PM Modi to inaugurate India Post Payments Bank on August 21; govt panel wants localisation of cloud storage data in possible blow to big tech firms; Wipro to move workforce to a new 50-acre campus; and Indian Oil to invest Rs 1.75 lakh cr for expansion, says Chairman Sanjiv Singh. Watch more in this episode of business wrap.


BusinessToday.in
New Delhi, August 6, 2018
Banks collect Rs 5,000 cr as minimum balance penalty in FY 2017-18As many as 21 public sector banks (PSBs) and three major private sector lenders have collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18. Among the PSBs, the State Bank of India emerged the highest earner with Rs 2433 crore penalty - nearly half of the total collection.PM Modi to inaugurate India Post Payments Bank on August 21Prime Minister Narendra...


BusinessToday.In
August 6, 2018
Major gainers include ICICI Bank, SBI, Yes Bank, Vedanta, Tata Steel, Adani Ports, Bharti Airtel, Axis Bank, Tata Motors, Infosys, Coal India, Hero Motocorp, Tata Motors, ONGC, RIL, M&M, Sun Pharma, Bajaj Auto, NTPC, TCS, ITC, L&T and Power Grid, rising up to 2.59 per cent.


PTI
New Delhi, August 5, 2018
Large corporates have started making arrangements to comply with regulator Sebi's directive to split the roles of chairman and managing director by April 1, 2020, but several smaller companies are still giving their CMDs tenures beyond the deadline.


Karan Dhar
August 3, 2018
Apple sits on a cash pile of roughly $285 billion which is more than enough to buy India's two most valued companies - Mukesh Ambani-led Reliance Industries and Tata's crown jewel TCS.


BusinessToday.In
New Delhi, August 3, 2018
Apple becomes first publicly listed US firm to hit $1 trillion stock market valuationApple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone. The iphone transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications. India likely to postpone raising tariffs on U.S. goodsIndia plans to delay the imposition of retaliatory duties on U.S....


PTI
August 2, 2018
The Sensex plunged 356 points to close at a one-week low of 37,165.16, while the NSE Nifty dropped 101.50 points to finish below the 10,300-mark.


BusinessToday.In
August 2, 2018
RBI increases repo rate by 25 basis points to 6.5%, maintains 'neutral' stanceThe RBI's Monetary Policy Committee, during its by-monthly meeting on Wednesday, increased the repo rate by 25 basis points to 6.5 per cent from the previous rate of 6.25 per cent. This is the second hike in the interest rate after four years of continuous halt by the central bank. This time too, the MPC again maintained the neutral stance to achieve the medium-term target for inflation of 4 per cent in ...


BusinessToday.In
New Delhi, August 1, 2018
The list is topped by US giant Walmart, followed by Chinese state-owned power company, State Grid.


BusinessToday.In
August 1, 2018
Reliance Industries, HUL, ITC,TCS, Infosys and other index heavyweights on Dalal Street have announced earnings which beat analysts estimates and led to a record rise in Sensex and Nifty.


BusinessToday.In
New Delhi, August 1, 2018
On November 4, 2016, the oil ministry had slapped a demand of $1.47 billion on the RIL-BP-Niko consortium for \"unfairly\" producing natural gas belonging to ONGC.


BusinessToday.In
New Delhi, August 1, 2018
Reliance Industries overtakes TCS as India's most-valued companyReliance Industries headed by India's richest man Mukesh Ambani has just snatched back the tag of the country's most valued company in terms of market capitalisation. As of 1 pm yesterday, the m-cap of Reliance Industries (RIL) stood at Rs  7.47 lakh crore, overtaking Tata Consultancy Services (TCS), becoming India's first 7.5 lakh crore company in stock market history. The IT bellwether had first replaced RIL ...


BusinessToday.In
July 31, 2018
A recovery in rupee, unabated buying by domestic institutional investors (DIIs) and encouraging earnings by blue-chips contributed to the uptrend, brokers said.


BusinessToday.In
July 31, 2018
After pumping in billions to build 4G LTE infrastructure for mobile connectivity, Reliance Jio is gearing up for another challenge - its newly announced JioGigaFiber roll out.


BusinessToday.In
July 31, 2018
The IT bellwether had first replaced RIL as the most valued firm more than five years ago. And, in the bargain, Ambani's net worth has also shot up, since he holds a 44.5 per cent stake in the company.


BusinessToday.In
July 30, 2018
The government is mulling a single regulator and legislation to address all e-commerce related issues in the country.


BusinessToday.In
July 30, 2018
The stock hit an intra day high of 1,157.55 after opening at 1,136 level on the BSE. The stock has gained 2.26% during the last two sessions.


PTI
July 29, 2018
Exactly a decade after it started production, the MA oil and gas field in the Krishna Godavari basin block KG-D6 will seize to produce from September, said Reliance Industries which has battled quicker than anticipated decline in output at the block.


Nevin John
July 28, 2018
While its hydrocarbon exploration and production continues to be in shambles, the new businesses like Reliance Retail and Reliance Jio have shown signs of becoming the formidable force in their respective industries.


BusinessToday.In
New Delhi, July 27, 2018
We continue to focus on strong delivery through operational excellence in our portfolio of businesses. Financial results of 1Q FY19 underscore the strength of the petrochemicals we have reinforced over the last investment cycle, says Mukesh Ambani.


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