Business- Page 358

New Delhi: The Reserve Bank of India (RBI) has declined to share inspection reports for scam-hit Punjab National Bank (PNB), citing RTI clauses that bar disclosure of details which may impede the

New Delhi: The Department of Telecom (DoT) today approved the merger of Telenor India with Bharti Airtel, according to an official source. “The DoT has approved merger of Telenor India with Bharti

New Delhi: Reserve Bank has initiated prompt corrective action against public sector lender Dena Bank in view of high non-performing loans, restricting the bank from giving fresh credit and new hiring. The

Chandigarh:Banks in the northern region are grappling with currency shortage due to panic withdrawals from customers. According to the bankers, there has been a spurt in cash withdrawals by at least 10-20%

New Delhi: The government disposed off Foreign Direct Investment (FDI) proposals worth Rs. 3,250 crores in the month of April. In an official note, the Department of Economic Affairs stated that a

New Delhi :Growing at the slowest rate in five months, industrial output grew by 4.4% in March, which industry attributed to lack of appetite for investment. Industrial growth for the month was

Shanghai: Chinese e-commerce giant Alibaba said that it had purchased leading Pakistani online retailer Daraz, continuing its overseas expansion by gaining a foothold in the growing South Asian consumer market. The move

New Delhi: Investment firm Morgan Stanley has sold 37.86 lakh shares of scam-hit jewellery firm Gitanjali Gems through open market transactions, according to a regulatory filing. Shareholding of Morgan Stanley Mauritius Company

New Delhi:The new post-paid Rs 199 plan announced by Reliance Jio is expected to hit revenue of competitors marginally and may trigger tariff war in the segment, according to market analysts. “Move

New Delhi :Japan’s SoftBank Group Corp has not yet decided to sell its 20-22% stake in Flipkart to US retailer Walmart Inc, sources with direct knowledge of the development said. SoftBank’s Masayoshi