The meeting will happen against the backdrop of the 'Alternative Mechanism' (AM) to merge three public sector banks -- Bank of Baroda, Vijaya Bank and Dena Bank -- with a view to create a global-size lender, which will be stronger and sustainable.

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.

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

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.

Dimon said that India's world beating economic growth as well as critical reforms such as GST and the first step in bank mergers are advantages that far outweigh fears arising out of macroeconomic imbalances and a sliding currency

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.

Cautioning businesses in China to be ready for a long drawn trade war with US, Alibaba Group founder Jack Ma said the dispute could drag for 20 years, extending far beyond the presidency of Donald Trump.

The Competition Commission's investigation wing has been asked to examine the pricing pattern of some super speciality hospitals

Mahindra has sold 100,318 units between April and August because of its best-selling models like Bolero, Scorpio, XUV500.

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.

A few years after Xiaomi launched its brand, it came to be known as \"Apple of China\". The design language, operating system, and many other elements seemed to be inspired by iPhones.

Managing your money can be tricky. Send your queries, and top-notch industry leaders will help you resolve any issue.

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.

According to the global financial services major, the valuations of Indian equities have stretched further largely driven by \"financialisation of savings\", improving corporate earnings outlook especially post the GST framework, and India's relative resilience to a trade war with the US.

The government has termed the move a step towards 'Minimum Government-Maximum Governance and providing Ease of Doing Business to the law-abiding corporates of this country'.

The Companies Act sets certain limits regarding pay for the managerial personnel of public companies, which are generally subject to stricter corporate governance requirements and have more than 200 members.

While the overall salaries of employees grew at just 10 per cent a year, the honchos of these listed companies accounted for top-earning heads.

The stock has been losing for the last three days. It has fallen 26.79% since the beginning of this year and lost 2.66% during the last one year. 

The Amazon CEO ended the note by thanking everyone who sent him suggestions and the \"inspiring examples of innovation\" he sees every day.