Government to merge Bank of Baroda, Vijaya Bank, Dena Bank
NEW DELHI : The central government has announced the proposal to merge three public sector lenders – Bank of Baroda, Dena Bank and Vijaya Bank. The combined lending entity will be India’s third largest globally competitive bank, said Rajeev Kumar, Secretary – Department of Financial Services, Ministry of Finance in a media address More...
Petrol Price Above Rs. 80, Diesel Costliest in Delhi
NEW DELHI : Petrol and diesel rates were further hiked across the four metro cities on Saturday after recording the steepest ever rise on Friday. This means that fuel prices hit further record highs on Saturday. Petrol More...
Petrol, diesel touch to new record high new highs
NEW DELHI : Petrol and diesel prices reached a new record level on Friday after oil marketing companies (OMCs) hiked fuel rates by around 50 paise per litre — the steepest increase in rates since daily price More...
FM Arun Jaitley Blames “Global Reasons”For Plunging Rupee
NEW DELHI : Finance Minister Arun Jaitley today said the unprecedented fall of the rupee against the dollar was not confined to India and the reason for it was “global”. There was no need for “panic More...
Rupee breaches 71.50 versus the dollar
NEW DELHI : The rupee weakened for the fifth consecutive session as it breached the 71.50 a dollar mark on Tuesday on concerns over worsening macroeconomic parameters amid rise in oil prices. After closing 71.21 More...
Rupee hits yet another low, Sensex drops over 330
MUMBAI : Rise in global oil prices and contagion risks from emerging markets pushed the rupee to a fresh all time low that ended 71.21 against the dollar, as compared to the previous close of 70.00 on Friday. The More...
New 100 Rupees note with motif of ‘Rani Ki Vav’
NEW DELHI : The Reserve Bank of India (RBI) has given a lavender wash to the new Rs. 100 note which will be in circulation by next month. The Reserve Bank of India will issue new ₹ 100 notes, which would be smaller More...
2 IndiGo flights May Have Been Moments From Disaster
NEW DELHI : Two IndiGo flights with 328 passengers onboard may have been moments away from a mid-air collision on Tuesday when the pilots on both aircraft took emergency evasive manoeuvers to avoid a disaster. The More...
Not all Swiss bank money illegal: FM Piyush Goyal
NEW DELHI : As reports of a 50% rise in money deposited by Indians in Swiss banks came in, the opposition, led by Congress and its chief Rahul Gandhi, latched onto the opportunity to launch a fierce attack on the More...
Chanda Kochhar would step down as ICICI Bank Chief ?
MUMBAI : With the board of ICICI Bank deciding on an inquiry into the allegations raised by a new whistle blower against its CEO Chanda Kochhar, calls for her exit have resurfaced. CICI Bank on Friday denied a recent More...