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PTI
September 23, 2018
The service tax department contends that the overseas units are rendering a service to OVL and as such the company is liable to pay service tax at the full rate.


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


PTI
New Delhi\Mumbai, September 21, 2018
Jet Airways , battling with financial woes, is already under the lens of Sebi and the corporate affairs ministry for various violations, including alleged corporate governance lapses.


PTI
New Delhi, September 21, 2018
NRIs, OCIs (Overseas Citizens of India) and RIs (Resident Indians) have been permitted to hold non-controlling stake in FPIs.


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.


BusinessToday.In
September 21, 2018
The old buzz that Dubai-based Emirates Airlines is looking to acquire Abu Dhabi-based Etihad Airways - a move that would create the world's biggest carrier by passenger traffic - is getting louder.


BusinessToday.In
September 21, 2018
The stock fell up to 8 percent or 19.55 points to 224.70 level in morning trade on BSE, its fresh 52-week low.  At 10:52 am, the stock was trading 5.22% or 12.75 points lower at 231.50. The stock which closed at 244.25 opened at 224.70 in trade today.


PTI
New Delhi, September 21, 2018
The EPFO also revised upward the number of new enrolments from September 2017 to June 2018 to 52.30 lakh from 47.13 lakh estimated earlier last month.


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.


Mudit Kapoor
New Delhi, September 20, 2018
The forex reserves have been declining in the past few weeks as the Reserve Bank is selling the US dollar to contain rupee depreciation


BusinessToday.In
September 20, 2018
Global private equity major Kohlberg Kravis Roberts & Co LP (KKR) along with Mumbai-headquartered Radiant will buy 49.70 per cent stake in Max Healthcare from South Africa-based Life Healthcare Group Holdings for about Rs 2,120 crore.


Reuters
New Delhi, September 20, 2018
The Danish bank detailed compliance and control failings amid growing calls for a European Union crackdown on financial crime after a series of money laundering scandals which have attracted the attention of USauthorities.


Mail Today Bureau
New Delhi, September 20, 2018
The tax department is also examining the airline's deal with Godrej Buildcon where Jet is said to have received Rs 1,725 crore as a monetary consideration.


PTI
Mumbai, September 19, 2018
The rupee opened higher at 72.71 against its record closing low of 72.98 Tuesday and touched a session high of 72.34 in day trade as crude oil prices eased globally.


BusinessToday.In
September 19, 2018
Cash-strapped Jet Airways will stop serving free meals to customers who book flights under its 'economy light' and 'economy deal' options from September 28.


Reuters
New Delhi, September 19, 2018
India's steel imports totaled $6.5 billion in 2017/18, according to official data.


BusinessToday.In
September 19, 2018
While the Bank of Baroda stock was trading 2.07% higher at 115.80 on the BSE, the Dena Bank stock fell 1.31% to trade at 18.85 level against the previous close of 19.10 level. On Tuesday, the Bank of Baroda stock closed 17.04% or 23 points lower on the NSE. On the BSE, the stock closed 16.03% or 21 points lower at 113 level.


PTI
New Delhi, September 18, 2018
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.


Mudit Kapoor
New Delhi, September 18, 2018
The scheme was ranked as the world's largest public works programme by the World Bank in 2015.


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'.


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