Business

Describing recent reports of cash shortage in the country as "logic defying", state-run State Bank of India (SBI) on Wednesday said the possible reasons could be the declining income velocity of currency with the public in 2017-18 coupled with increased ATM withdrawals during the second half of last fiscal.

Ashok Leyland, flagship of the Hinduja Group, today showcased its full range of innovative products and industry-leading solutions at its Annual Global Conference 2018 in Chennai. After an exciting year of leading the industry with indigenous innovations like the Intelligent Exhaust Gas Recirculation (iEGR) for BS-IV engines and the Digital Market Place (DMP), Ashok Leyland is continuing to move ahead in its journey of innovation.

Fitch Ratings on Tuesday downgraded the Viability Rating of the Punjab National Bank (PNB) to 'bb-' from 'bb' and maintained the rating on Rating Watch Negative (RWN) following a multi-crore fraud involving diamond trader Nirav Modi.

With the advent of globalization and the technology taking over, everyone dreams of travelling abroad and even plans to settle down and live a luxurious life. It sounds so good to the ears, but, nothing comes easy in this world. So, here are some useful tips provided to make your immigration experience a cake walk by Mr. Ajay Sharma, an immigration consultant.

The Reserve Bank today said Jio Payments Bank has commences its banking services from today.

As India warms up to the biggest Cricket extravaganza; Jio hits another sixer, by launching ‘Jio Cricket Play Along’ – world’s largest LIVE mobile game where participants can plan and win prizes worth crores; and ‘Jio Dhan Dhana Dhan LIVE’ – A first of its kind show, where Cricket meets Comedy.

IndusInd Bank has announced a pilot with WhatsApp enterprise solution in India to communicate with its customers. The private sector lender became one of the first banks to participate in the WhatsApp pilot.

 After enabling an enriched Digital Life experience for over 175 million Jio Prime Members, Jio now brings another bonanza for its existing PRIME members.

The Reserve Bank of India (RBI) said on Thursday it has imposed a penalty of Rs 58.9 crore on ICICI Bank for non-compliance of its directions on direct sale of securities from its held-to-maturity (HTM) portfolio and specified disclosure.

The birth of a child is the most joyous occasion in the life of a couple. Parents, naturally enthralled about the addition to their family, start devising plans that would involve their bundle of joy as well. From planning for the family’s long-term comfort to managing daily care of the child, parents have to take care of many things.

With India's April-February fiscal deficit having already crossed 120 per cent of the full year's target, the government on Thurday said it was confident of keeping the deficit within the targeted 3.5 per cent range.

India is set to become a $5 trillion economy by 2025, Economic Affairs Secretary Subhash Chandra Garg said on Monday.

YES BANK, India’s fourth largest private sector bank held a felicitation ceremony for 30 meritorious students from select 22 premier Business Schools and Engineering Colleges across India, as part of its annual scholarship program, YES FUTURE READY. The initiative aimed at empowering future business leaders, seeks to identify exemplary scholars and nurture Design-Thinking, Innovation, Creativity-led Entrepreneurship mindsets in addition to enabling deserving students with a scholarship amount of INR 2,00,000.

Reliance Industries Limited (“RIL”) today executed definitive agreements for combination of Saavn, a leading global music OTT platform, with its digital music service, JioMusic. The combined entity is valued at over US$1 billion, with JioMusic’s implied valuation at US$ 670 million.

IDFC Bank today launched services in Punjab,opening its branchesin Chandigarh, Ludhiana, Amritsar and Jalandhar.

Chinese smartphone maker Vivo on Monday announced the appointment of Bollywood superstar Aamir Khan as its brand ambassador for India, replacing actor Ranveer Singh who had been associated with the company for the past two years.

Lakhs of Mumbai commuters were severely hit as more than 80,000 drivers of aggregator cabs like Ola and Uber went on strike here on Monday, an official said.

Sony India on Monday announced the appointment of Sunil Nayyar as its new Managing Director, a first for an Indian.

 Bollywood superstar Salman Khan has been appointed the new face of sparkling fruit juice drink Appy Fizz, beverage company Parle Agro announced on Thursday.

Bisleri International Pvt. Ltd, most trusted brand of mineral water in the country is all set to launch Bisleri Fonzo. Scheduled to launch this summer season, Bisleri Fonzo, the bubbly mango will be one of its kind in the fizzy fruit drink category. Fonzowill have a unique proposition of real mango juice with refreshing fizz.