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PTI
September 23, 2018
In this regard, the Centre has begun consultations with states as they are one of the sponsors of the regional rural banks (RRBs) in the country


BusinessToday.In
September 21, 2018
The strategy which the government has adopted is merging one weak bank with its stronger counterparts.  In this case, the weaker bank is Mumbai-based Dena Bank. The lender came under prompt corrective action of the RBI in May 2017 in view of high Net NPA and negative RoA (return on assets) and now faces restrictions on lending and several other bank operations.


PTI
September 20, 2018
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.


BusinessToday.In
September 19, 2018
Anil Ambani on Tuesday said there has been a 'creative destruction' of the telecom sector that has resulted in creation of oligopoly which is going towards a duopoly and may be even a monopoly in the future.


PTI
Mumbai, September 18, 2018
Anil Ambani said that the first priority for RCom, which is credited for democratising telecom services through cheaper offers in early 2000s, is to resolve its over Rs 40,000 crore debt.


Aprajita Sharma
September 18, 2018
Global brokerage Jefferies referred to Bank of Baroda as the base, Vijaya Bank the kicker and Dena Bank as 'bad bank'.


BusinessToday.In
New Delhi, September 18, 2018
Bank of Baroda, Dena Bank and Vijaya Bank to merge; govt promises to protect employees' interestsMoving ahead with consolidation of public sector banks, Finance Minister Arun Jaitley on Monday announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank. The merged entity would be India's third largest. There will be no adverse impact on employees of merged entity, the Finance Minister added. Department of Financial Services Secretary Rajeev Kumar said that the new bank will ...


Anand Adhikari
September 17, 2018
The merger of Dena Bank and Vijaya Bank with Bank of Baroda will create new challenges for the amalgamated bank.


BusinessToday.In
September 17, 2018
The merged entity or amalgamated bank would be India's third largest.


Manu Kaushik
New Delhi, September 17, 2018
The aviation sector is facing headwinds as some airlines grapple to cut costs and others struggle to stay afloat.


Joe C Mathew
New Delhi, September 11, 2018
The Reserve Bank of India (RBI) has highlighted that the fiscal deficit of all 29 Indian states would decline to 2.6 per cent of gross domestic product (GDP) as per their FY2019 Budget Estimates (BE), from 3.1 per cent of GDP as per their FY2018 Revised Estimates (RE).


BusinessToday.In
September 10, 2018
While the top telcos in the country are in hot water with the Telecom Regulatory Authority of India, the buzz is that industry disruptor Reliance Jio is facing the steepest fine of them all.


BusinessToday.In
September 10, 2018
Brokers said weakness was seen in most Asian markets as investors were cautious amid fears of a possible escalation in the US-China trade conflict.


BusinessToday.In
New Delhi, September 7, 2018
\"We will look at their (LIC's) business plan (post acquisition of 51 per cent stake in IDBI Bank) and then decide on reduction of its stake in IDBI Bank (to 15 per cent),\" says IRDAI Chairman SC Khuntia


Manu Kaushik
New Delhi, September 4, 2018
Aruna Sundararajan is setting the agenda for the telecom sector's next phase of growth.


BusinessToday.In
August 31, 2018
After Vodafone-Idea merger, Bharti Airtel is now no longer the country's largest mobile phone company in terms of subscribers and revenue share.


BusinessToday.In
August 28, 2018
At 10:42 am, the stock was trading at 1,300 level, up 0.66% on the BSE. Its market capitalisation rose to Rs 8,23,419 crore on BSE.


BusinessToday.In
August 27, 2018
While the Sensex closed 442 points or 1.16% higher at 38,694 level, the Nifty ended the day at 11,691 level, rising 1.17% or 134 points. Meanwhile, the Sensex hit an all-time high of 38,736, Nifty rose to a record 11,700 level intra day. Of 30 Sensex stocks, 29 closed in the green.


BusinessToday.In
August 27, 2018
The Sensex heavyweight rose to a fresh record high of 1296 level, rising 1.40% compared to its previous close of 1278.05 level.  At 12:36 pm, the stock was trading 1.15% or 15 points higher at 1292 level on the BSE.  Its market capitalisation rose to Rs 8,19,458.12 crore.


BusinessToday.In
August 27, 2018
While the Sensex hit an all-time high of 38,610 rising 358 points from its previous close of 38,251, Nifty gained 101 pts to record 11,659 level intra day. Meanwhile, the rupee gained in the opening trade. The currency opened higher by 15 paise at 69.76 per dollar versus close of 69.91 on Friday.


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