Bank Of Maharashtra closes 51 branches to cut costs

The Bank Of Maharashtra (BoM) has closed 51 branches across the country as part of cost-cutting measures in the banking industry, an official said on Wednesday. All the closed branches were in... Read more »

Indian solar industry can attract $70-80 bn investment: Narendra Modi

¬†India wants to create a robust ecosystem for the manufacture of solar panels in the country to give a filip to the sector which can provide opportunities for investments worth $70-80 billion,... Read more »

India’s digital foundation stronger than other emerging economies: Dell EMC

¬†With the push for financial inclusion, Aadhaar and mobile communication, India has put in place a foundation for digital transformation that is now stronger than that of any other emerging country, says... Read more »

Government forms High Level Advisory Group (HLAG) on trade to identify opportunities for India

Commerce Minister Suresh Prabhu has approved setting up of a High Level Advisory Group (HLAG) to identify trade opportunities for India and to address challenges in the current global scenario, an official... Read more »

Dena Bank board okays merger with Bank of Baroda, Vijaya Bank

The Dena Bank board on Monday approved the merger proposal with Bank of Baroda and Vijaya Bank proposed by the government last week. The government last Monday announced the merger of three... Read more »

Infosys to design new forms for filing GST returns

The Goods and Services Tax Network (GSTN) has directed its software vendor Infosys to design new forms for filing returns by traders, said its Group of Ministers (GoM) Chairman Sushil Kumar Modi... Read more »

World Bank commits $25-30 bn for India’s transition to high middle-income country

The World Bank Group (WBG) on Friday approved its largest country program for India with a likely assistance of $25-30 billion by fiscal 2021-22 to help India’s transition to a higher middle-income... Read more »

Petrol price touches new highs, diesel unchanged

Petrol prices climbed fresh highs on Thursday across the four metros, while diesel prices were unchanged for the second consecutive day. In the national capital, petrol was sold at Rs 82.22 per... Read more »

Delhi aviation firm buys Mallya’s two choppers in e-auction

Delhi-based Choudhary Aviation Facilities Ltd had bought two helicopters of fugitive business tycoon Vijay Mallya in an e-auction conducted by the Debt Recovery Tribunal (DRT-II) here, a company official said on Wednesday.... Read more »

RBI can sell USD 25 bn more to arrest rupee fall: SBI report

The Reserve Bank of India (RBI) should intervene in both spot and forward markets to arrest Indian rupee’s depreciation, suggested a State Bank of India (SBI) Ecowrap report on Tuesday. As per... Read more »