New jobs rise to 11-month high of 9.51 lakh in JulyNew job creations in July rose to an 11-month high of 9.51 lakh, taking the total tally of new enrolments to 61.81 lakh since September 2017, according to the EPFO's payroll data. Job addition numbers, which are based on new members enrolled in various social security schemes of EPFO such as pension, PF and insurance, were 9,51,423 in July -- the highest in any month since September 2017 when the retirement fund body started rel...

Oil refiners such as state-owned Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) could use UCO Bank or IDBI Bank to route oil payments to Iran.

The country's largest lender State Bank of India on Thursday said it is not in a position to acquire more banks at the moment as it needs 2-3 years to see gains from the consolidation effected last year.

India may raise import duties on components used in mobile handsets, most of them imported from China, as one of the measures.

Air India is just about managing to stay afloat on the Rs 30,000 crore bailout package extended by the previous UPA regime in 2012 for a decade.

Out of the 10 appointments, 5 are from the country's biggest lender, State Bank of India.

India's steel imports totaled $6.5 billion in 2017/18, according to official data.

The bank has already installed solar panels on as many as 1,200 ATMs. The lender has also covered 150 of its buildings with rooftop solar panels and plans to increase the number to 250 buildings by 2020.

These three state-run banks would work on strict timeline and necessary regulatory process is expected to be over by the end of 2018-19, sources said.

The BJP-led NDA government probably had the right intention when they knocked on the doors of Ravi Venkatesan, former chairman of Microsoft India and P S Jayakumar, an ex-citibanker turned entrepreneur, for helping them in conducting an experiment of sorts with Bank of Baroda.

The scheme was ranked as the world's largest public works programme by the World Bank in 2015.

Dena Bank was on RBI's Prompt Corrective Action (PCA) list and other two banks have the strength to subsume a weaker bank, Finance Minister Arun Jaitley said on Monday. 

The merger of Dena Bank and Vijaya Bank with Bank of Baroda will create new challenges for the amalgamated bank.

The merged entity or amalgamated bank would be India's third largest.

If the e-RD needs to be closed prematurely, then the money will be credited to the account that initially funded the deposit.

If govt allows, I can sell petrol, diesel for Rs 35-40 per litre, says Baba RamdevAs petrol and diesel prices continue to break records every day, yoga guru Baba Ramdev has said if the government allows, he can sell petrol and diesel for just Rs 35-40 per litre. He also called for bringing petrol and diesel under the lowest slab of the uniform Goods and Services Tax (GST), and not the 28 per cent rate, as people's \"pockets are being emptied\". Raising questions over the governmen...

Gender diversity is missing in large areas of the financial services industry. There is no easy way out.

Lessons from the failure of some of India's biggest business names.

The rise of the debt-prone economy indicates that the future will remain volatile.

This would be first charge sheet in the case pertaining to loans of over Rs 6,000 crore given to Kingfisher by a consortium of 17 banks led by State Bank of India which alone had an exposure of Rs 1,600 crore.