SBI, PNB, IDBI set for recovery from bankrupt Essar Steel

New Delhi, Nov. 15 -- The big win for lenders of bankrupt Essar Steel following the Supreme Court order on Friday has opened the doors for state-run banks like SBI, PNB, and IDBI Bank as well private ... Read More

Social investment by mining cos dates back to pre DMF era

New Delhi, Nov. 15 -- The legacy in mining companies is still surviving no matter how much social and economic development mining companies in India bring. Mining is perhaps one of the few sectors tha... Read More

Deposit insurance cover to be hiked from Rs 1 lakh: FM

New Delhi, Nov. 15 -- Finance Minister Nirmala Sitharaman on Friday said cooperative banks would be under the RBI's prudential norms to prevent any PMC Bank-like situations, there will be a rise from ... Read More

Sensex, Nifty end higher; PSU banks shine

New Delhi, Nov. 15 -- Major Indian equity indices ended higher on Friday led by index heavyweights. The Sensex closed 70.21 points higher at 40,356.69, while the Nifty ended 23.20 points higher at 11,... Read More

Arcelor's entry to give muscle to Indian steel market

New Delhi, Nov. 15 -- A new game is set to begin in the Indian steel sector with ArcelorMittal, the world's largest steel company, all set to take over the assets of Essar Steel. The acquisition is b... Read More

TRAI meet favours ending IUC charge from January 1

New Delhi, Nov. 15 -- There was an overwhelming majority who supported ending the IUC charges of 6 paisa on mobile calls termination, except two operators, Airtel and Vodafone Idea, at the open house ... Read More

GoAir, IndiGo get more time to change faulty P&W engines

New Delhi, Nov. 15 -- In a breather to low-cost airlines IndiGo and GoAir, aviation regulator Directorate General of Civil Aviation (DGCA) has extended the deadline for replacing their faulty Pratt & ... Read More

Sensex opens 100 pts higher, Nifty above 11,900

New Delhi, Nov. 15 -- The benchmark Sensex opened over 100 points higher at 40,408.20 from its Thursday's close of 40,286.48. Strong buying was seen in PSU Bank. The Nifty PSU Bank index jumped over 4... Read More

70% of mining welfare funds DMF unutilized: FIMI

New Delhi, Nov. 15 -- Federation of Indian Mineral Industries (FIMI), an apex body of mining companies in India have said that not even 30 per cent of the District Mineral Foundation (DMF) have been u... Read More

HDFC Bank follows RIL, TCS to cross Rs 7 trillion m-cap

New Delhi, Nov. 15 -- India's largest private sector bank HDFC Bank on Friday surpassed Rs 7 trillion in market capitalisation for the first time. HDFC Bank is only the third Indian company after TCS... Read More