'LVB-DBS Bank India amalgamation fishy scheme'

Chennai (IANS) Concerned citizens, shareholders and a major union in the banking sector are of the view that the Reserve Bank of India (RBI) mooted amalgamation scheme for Lakshmi Vilas Bank (LVB) with DBS Bank India, a subsidiary of the DBS Bank,…

Adequate interest for BPCL disinvestment, no need to alter sale process: Govt

New Delhi (IANS) The government has said that adequate interest has been received for the strategic disinvestment of public sector refiner Bharat Petroleum Corporation Ltd (BPCL) with several suitors submitting expressions of interest (EoI).

The…

I-T profiling to help revenue dept nab fraudsters claiming fake GST credits

New Delhi (IANS) The government proposes to match GST data mentioned in Form 26AS with the turnover numbers provided while filing income tax returns.

The move is aimed at identifying unscrupulous persons who try to avail or pass on input tax…

After 8-yr of negotiations, 15 Asia-Pacific countries sign RCEP

Beijing (IANS) After eight years of negotiations, 15 Asia-Pacific countries on Sunday signed the Regional Comprehensive Economic Partnership (RCEP), the world's biggest trade pact, a move considered a massive coup for regional economic integration,…

Tata Motors expects to over achieve 2020 sales target

New Delhi (IANS) Backed by improved range of affordable products, automobile major Tata Motors expects its passenger vehicle business to over achieve the 2020 sales target.

Accordingly, the company had to increase production to meet the surge…

New high: Sensex crosses 43,700 mark; auto stocks shine

Mumbai (IANS) Strong FII inflows along with domestic political developments sustained the bull run in the Indian stock markets during Wednesday's pre-noon trade session, with the Sensex crossing a record high of 43,700 in initial trade.

In…

Change of guard at Murugappa group firms, Chairman Murugappan steps down

Chennai (IANS) Diversified industrial conglomerate Rs.381 billion Murugappa group's family member M.M. Murugappan has stepped down as the Chairman and as Director of Cholamandalam Investment and Finance Company Ltd and Coromandel International…

As market climbs new highs, net FII inflow crosses Rs 14k cr in just 3 days

Mumbai (IANS) The Indian equity market has been on a fresh record run of late backed by a surge in foreign institutional investments (FII). In the past three days alone, net FII inflow in the Indian capital markets stood at Rs 14,786.57 crore.

Sensex surges to cross 43K mark, banking stocks soar

Mumbai (IANS) Massive foreign fund inflows on the back of accelerated vaccine development along with clarity on US Presidential election results and a fast-paced economic recovery lifted key Indian equity markets to touch new record highs during Tuesday's…

SAIL introduces 'shorter working period scheme' for employees

New Delhi (IANS) The country's largest steel maker, Steel Authority of India Ltd (SAIL) has introduced 'Shorter Working Period Scheme' for facilitating its employees to attain a better work-life balance.

The scheme, effective from…