Government appoints MD & CEO in 10 PSU banks

New Delhi (IANS): The government has appointed Managing Directors and Chief Executives of 10 public sector banks (PSBs) including the Indian Bank and the Syndicate Bank, said an official on Wednesday.

According to the Department of Personnel…

Social-media commerce accounts for 79% of online selling in India

New Delhi (IANS): Sales through social media platforms account for over 79 percent of the total online selling of goods and services in India, a PayPal report said on Thursday.

Growing digitisation and increasing internet penetration in India…

Small savings: Q3 PPF, NSC rates hiked to 8%, for KVPs to 7.7%

New Delhi (IANS): The government on Thursday raised the interest rates on small saving schemes, including National Savings Certificates (NSCs), Public Provident Fund (PPF) and Kisan Vikas Patra (KVP), for the third quarter of the fiscal (October-December).

US-China trade war could last 20 years: Jack Ma

Beijing (IANS) Tech tycoon Jack Ma has told investors to hunker down for a drawn-out trade war between the US and China that can last for up to 20 years.

"It's going to last long, it's going to be a mess,"…

OnePlus among top 5 premium Android OEMs in Q2 2018: Report

New Delhi (IANS): Driven by strong sales in India, China and the UK, Chinese smartphone maker OnePlus entered the top five premium Android Original Equipment Manufacturers (OEMs) globally, in the second quarter of 2018, said a report on Wednesday.

Merger of Dena Bank, Vijaya Bank, Bank of Baroda announced

New Delhi (IANS): In a reform measure aimed at further consolidation, the government on Monday announced the merger of three state-run banks--Dena Bank, Vijaya Bank and the Bank of Baroda--that will make it the country's third-largest bank with…

SBI to auction 8 bad loan accounts to recover Rs 3,900 cr

Mumbai (IANS): The State Bank of India (SBI) has put eight non-performing assets (NPAs), or bad loan accounts, on sale to recover over Rs 3,900 crore with the e-bidding auction process slated for later this month.

In a notification last…

Global cues equity indices lower; banking stocks down

Mumbai (IANS): Fears over escalation in global trade protectionist measures and broadly negative Asian markets dragged the key Indian equity indices lower during the morning trade session on Monday.

The session saw heavy selling pressure in…

HP India unveils affordable mini desktop to empower students

New Delhi (IANS): HP India on Monday introduced an affordable mini desktop to help students learn and collaborate in schools and educational institutions across the country.

Starting at Rs 19,990, the HP 260 G3 desktop will enable schools and…

After key shareholders, IL&FS approaches government for bailout: Reports

New Delhi/Mumbai (IANS): Financially strained unlisted holding company IL&FS has sought the Central government's support to avert a looming default crisis.

Reports appearing on Monday said that the Finance Ministry was approached after…