The FRDI Bill, introduced in the Lok Sabha last August, had drawn protests from the Opposition, the bank unions and the public alike over its 'bail-in' clause, which was feared as harming the interest of depositors.

The bill also proposes setting up of competent authorities by state governments to ensure repayment of deposits in the event of default by a deposit taking establishment.

The bank's provisions for bad loans fell 15.77% to Rs 199.15 crore in Q1 compared to Rs 236.44 crore in the corresponding period of last fiscal. On a quarter-on-quarter basis, these declined 46.4% from Rs 371.53 crore. The bank's net interest income rose by 22.4% year on year (YoY) to Rs 980 crore in Q1.

The banks are among the first major companies to report results in what is expected to be a strong second-quarter earnings season thanks to US tax cuts and a humming American economy.

The prosecution argued that Johnson & Johnson were aware that its talc is contaminated with asbestos since 1970s but did not warn their customers about the risks involved.

At present, telcos pay different levies such as spectrum usage charge (SUC), licence fees and Universal Service Obligation Fund (USOF). On top of this, telcos charge 18 per cent GST from consumers that goes to the government's kitty.

The development comes nearly seven months after Airtel along with Airtel Payments Bank came under fire for allegedly opening payments bank accounts of its mobile subscribers without their consent, and LPG subsidy worth crores was deposited into these accounts.

A day after entering the $100 billion m-cap club, RIL stock continued its rally on Friday to breach the 7 lakh crore market valuation.

The company had received binding bids from Malaysia's IHH Healthcare and Manipal-TPG combine on July 3, the last day of submission of fresh round of bids called by a newly constituted board.

New RBI regulations have created a flutter in the P2P market.

Over Rs 29.41 crore was spent on using the Indian Air Force's ultra-modern transport aircraft -- the C-17 and the C-130J Super Hercules -- to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation.

The audited results for the March quarter and FY 18 are in line with the unaudited numbers released on June 27. In its unaudited financial numbers, Fortis had reported widening of consolidated net loss to Rs 914.32 crore in Q4 FY18.

It's not only the diamantaires Nirav Modi and Mehul Choksi who conspired and cheated the Punjab National Bank (PNB) of Rs 13,600 crore loan amount. Mumbai's leading hawala operator Mohammad Farooq was also not far behind, a charge sheet filed by the Enforcement Directorate has revealed.

After disrupting the telecom sector with Reliance Jio's cheap mobile data tariffs, the Mukesh Ambani-led retail-to-refining conglomerate is looking to expand its JioFiber boradband business.

As Reliance Industries ramps up its telecom and digital network outreach and consolidates its new refining and petrochemical projects, chairman Mukesh Ambani is expected to outlay the company's new capital expenditure plan in the shareholders' meeting tomorrow.

Income Tax department has issued various ITR forms for different kind of tax payers. Even for individuals, there are 4 ITR forms meant for different filings.

Today we are disabling the rupee deposit and withdrawal options on the Zebpay app. This is being done in light of the bank account closures as per the RBI guideline, says the company.

For middle class Indian families, LIC is more than just a savings scheme, it's a way of life.

\"...the rates of interest on various small savings schemes for the second quarter of financial year 2018-19 starting July 1 and ending on September 30, 2018 shall remain unchanged from those notified for the fourth quarter of financial year 2017-18,\" the Finance Ministry said while notifying the rates for the second quarter.

In a regulatory filing, Fortis Healthcare said it has fresh binding bids without specifying details. The Board of Directors of the company received binding Bids on July 3, 2018. The bids will be evaluated by the board in consultation with its advisors.