Business

"The PNB fraud has already affected trade financing. No bank is now prepared to extend letters of understanding (LoUs). The ability of a company to raise money through LoUs from abroad has been affected badly," a senior official from a state-run bank has...

It was the latest international reaction to Trump's announcement Thursday that he will impose 25 percent tariffs on steel imports and 10 percent on aluminum, raising fears of a trade war and sending global stock markets tumbling.

The transaction, valued at $1.2 billion in the first phase, will help Asia's biggest budget airline cut debt and return money to shareholders, as well as give it firepower to grow its business. AirAsia shares rose 5 percent to a record on Thursday after t...

Net tax receipts in the first ten months of 2017/18 fiscal year were 9.7 trillion rupees, government data showed.

He said that the reason behind India starting off with multiple rates was that the country had 17 taxes and 23 cesses which were amalgamated into the GST.

The Central Electricity Authority (CEA) report stated that there are 12 non-pithead power plants which are facing super critical coal stock situation or in other words these have coal stocks for less than four days.

According to the company, the Memorandum of Understanding (MoU) envisages the development of 1,000 MW of installed capacity for solar power and another 1,000 MW of wind over the next five years by ReNew Power.

"While we may seek long-term solutions like privatisation of the banks, the need of this hour is to rally around honest bank officers and the honest business entities which have built trust on each other," Assocham Secretary General D S Rawat said in a st...

Officials of the agency said frozen mutual funds and shares worth Rs 86.72 crore belong to Choksi and his group, and the rest are owned by the Modi group. Choksi is Modi's uncle and promoter of the Gitanjali Gems group and other jewellery brands.

he 70 million-tonnes-a-year target means India would need to import more than China took last year via both pipelines and tankers, and it would put Indian purchases close to the level of top importer Japan.

NITI Aayog, in partnership with state governments, is also planning to run pilot programmes on land records, electronic health records among others.

Trump Junior's comments, at the start of a trip to woo buyers for his luxury residential projects in several Indian cities, appeared aimed at blunting criticism that there could be possible conflict of interest in pushing the Trump brand name.

For farmers, the budget makes a total provision of Rs 6,755 crore towards agriculture, farmers' welfare and for the co-operatives. Another Rs 27,500 crore is allocated for education, while health and family welfare get Rs 9,750 crore.

The CBI has alleged Modi and others conspired with several employees of the state-run bank to fraudulently obtain advances for paying overseas suppliers.

The CBI has filed a case against Kanpur-based Rotomac Global Pvt Limited, its director Vikram Kothari, his wife Sadhana Kothari, and son Rahul Kothari and unidentified bank officials.

The move comes days after India's three main bourses unexpectedly announced they would stop licensing their indexes to overseas exchanges, news which hit SGX's shares as brokers cut the bourse's earnings estimates.