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SBI sold 4.5 per cent stake in SBI Life Insurance in September as part of its effort to increase public float as per the regulation.

SBI steeply slashes deposit rates; lowers lending rates marginally

This is the seventh consecutive cut in lending rates by the bank this fiscal.

8 Nov 2019 11:45 AM IST

A product of Indias open sky policy introduced in the early 1990s, Jet Airways, Indias largest private airline at one time, is the most recent among 10 privately-promoted airlines that have collapsed in less than 30 years. Other carriers that have suspended operations include the East-West Airlines, Damania Airways, Sahara Airlines, ModiLuft, Air Deccan and Kingfisher.

Taking steps to protect interests of employees: Air India chief on...

The government is planning to invite bids for the national carrier next month.

8 Nov 2019 11:42 AM IST

IndiGo on Tuesday announced that it had placed an order for 300 A320neo family aircraft, comprising A320neos, A321neos and A321XLRs. (Representational Image)

Qatar Airways still keen to buy stake in Indigo

India has been trying to sell Air India to help raise funds to bridge a budget shortfall.

8 Nov 2019 1:10 AM IST

Solvency ratio is a key metric used to determine the ability of an insurer to meet its debt, pay claims and honour other financial commitments.

Reliance Health barred from selling policies

Solvency ratio dips to 63% against norm of 150%.

8 Nov 2019 1:01 AM IST

InterGlobe Aviations total income rose 31 per cent to Rs 8,539.8 crore in the second quarter of the current fiscal.

Qatar Airways signs one-way codeshare agreement with IndiGo for three...

IndiGo Chief Executive Officer (CEO) Ronojoy Dutta and Qatar Airways CEO Akbar Al Baker signed the codeshare agreement...

7 Nov 2019 7:05 PM IST

Reserve Bank Governor Shaktikanta Das.

Closely monitoring situation at PMC Bank; forensic audit underway: Das

The apex bank enhanced the cash withdrawal limit to Rs 50,000 per account.

7 Nov 2019 3:47 PM IST

ICICI Bank witnessed an improvement in asset quality as gross non performing assets (NPAs) fell to 6.37 per cent of the gross advances by the end of September 2019, from 8.54 per cent a year ago.

ICICI Bank opens 57 branches in AP, Telangana this fiscal

In 2019-20, the bank aims to open 450 new branches across the country.

7 Nov 2019 3:07 PM IST

quarterly sales rose 4 per cent to 7.6 trillion yen (USD 70 billion), compared to the previous year. (Photo: File | AP)

Toyota reports 1 per cent profit growth on healthy global sales

Toyota Motor Corp-'s profit for the second fiscal quarter totaled USD 5.4 billion, up from 585 billion yen last year.

7 Nov 2019 2:35 PM IST

On October 29, a senior official said there were good enough reasons to refer the DHFL matter to the SFIO.

Govt not planning to help banks rescue shadow lender DHFL: sources

DHFLâ€™s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors.

7 Nov 2019 1:30 PM IST

IndiGo on Tuesday announced that it had placed an order for 300 A320neo family aircraft, comprising A320neos, A321neos and A321XLRs. (Representational Image)

Have no interest in Air India, only IndiGo: Qatar Airways CEO

IndiGo on Thursday signed a one-way codeshare agreement with Qatar Airways, allowing it to book seats on the former-'s...

7 Nov 2019 1:08 PM IST

For the quarter ended September 30, 2018, the company had posted a consolidated net profit of Rs 3,116.20 crore.

Tata Steel shares fall about 4 pc after Q2 earnings

Consolidated income dipped 15.7 per cent to Rs 34,762.73 crore in the reporting quarter from Rs 41,257.66 crore a...

7 Nov 2019 12:24 PM IST

Indian economic growth has steadily slowed to a six-year low of 5.0 per cent in the April-June quarter from an 8.1 per cent peak in the January-March quarter of 2018.

Slowing Indian economy spells tough times ahead for the rupee: report

A barrage of rate cuts from the RBI this year has done nothing concrete so far to revive a slowing Indian economy.

7 Nov 2019 9:47 AM IST