Business

The strategic plan outlined by the Department of Telecom (DoT) will allow greater synergies amongst the state owned entities and pave the way for them to jointly tap business and opportunities in promising areas like 5G, and Internet of Things.

The latest flub could draw further attention to security and systems at cryptocurrency exchanges, which were already under scrutiny in the wake of the Coincheck heist. The theft also drew into question Japan's system of overseeing exchanges.

As per sources, Kothari had taken a loan of more than Rs 800 crores from five government banks. Sources have confirmed that Allahabad Bank, Bank of India, Bank of Baroda, Indian Overseas Bank and Union Bank of India compromised their rules to render these...

The meeting in Delhi will also be attended by senior Finance Ministry officials and representatives of the Reserve Bank of India (RBI), sources said.

Before being named the chairman of Tata Sons, the holding company, Chandra was managing director and chief executive of the group flagship TCS, which commands the highest market valuation at close to Rs 6 trillion.

To begin with, the parking lots at the New Delhi and Nizamuddin railway stations in the capital have been identified to set up e-vehicle (EV) charging spots and "necessary preparations" are underway, according to a senior Railway Ministry official.

Just like the fraud at Punjab National Bank (PNB), no entries of remittances were made in the ledgers of City Union Bank and transfers were pushed through the SWIFT financial platform.

Divesting the industrial gas engine business, which includes the Jenbacher and Waukesha engines, would help streamline GE's power division, whose profit plunged 45 percent last year as sales of power plants and services fell sharply.

Organic sales, which exclude the impact of the company's ongoing efforts to refranchise its bottling operations, rose 6 percent, helped by demand for products such as Georgia Coffee and Glaceau vitamin water.

The Commodities Futures Trading Commission's warning comes as financial regulators worldwide intensify their scrutiny of cryptocurrencies, which are virtual coins not backed by governments. Cryptocurrency trading has been booming over the past year, with...

Despite advisory that none of the bank branches should refuse to accept small denomination notes or coins tendered at their counters, complaints keep coming about non-acceptance of coins by bank branches, RBI said.

The loan waiver is for the marginal farmers in the overdue and outstanding category of short-loan provided by cooperative banks. This will cost Rs 8,000 crore to the state exchequer.

Eyes are now on the release this week of US inflation figures, which market-watchers say will be key to future movements.

Over the last week, the BSE Sensex recorded a steep fall of 1,060.99 points or 3.02 percent as sentiment was hit by the imposition of long-term capital gains tax on equities as well as the global market's turmoil.

International Monetary Fund managing director Christine Lagarde, speaking at a Dubai conference on global business and social trends, also said regulators and governments needed to take the opportunity to avert future crises with economic and financial re...

Over Rs 25,000 crore of loans slipped into the non-performing assets category in the reporting quarter, driven primarily by under-reporting of NPAs or divergence of Rs 23,330 crore for the previous fiscal.