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PNB holds around 30 per cent stake in PNB MetLife India Insurance as a promoter and OBC holds 23 per cent stake in insurance joint venture—Canara HSBC Oriental Bank of Commerce Life Insurance Company. Following the merger, which will come into effect from April 1, 2020, PNB will take over OBC and United Bank.
Public sector banks told to outline insurance JVs’ future
03 Dec 2019 1:54 AM

Banks will have to take a call and then come to the regulator with a road map on what they want to do: official.

Finance Minister Nirmala Sitharaman. (Photo: File)
Spreading one's own impression can hurt national interest: FM on Bajaj's comment
02 Dec 2019 6:43 PM

Her remarks drew varied responses with the opposition Congress seizing on it to criticise the government.

During the financial year 2017-18 and 2018-19, RoCs had removed/struck off 3,38,963 companies. (Representational Image)
Over 3.38 lakh cos deregistered in last two financial years: Govt
02 Dec 2019 4:16 PM

The Corporate Affairs Ministry has removed the names of these companies for their failure to file annual returns.

Reliance Jio on Sunday said it will launch new unlimited plans from December 6, which will raise its voice and data tariff by up to 40 per cent.
Telecom stocks surge after tariff hike announcements
02 Dec 2019 11:09 AM

Shares of Vodafone Idea were trading at Rs 8.38, up 22.69 per cent, on the BSE.

The Centre had earlier set an export target of 6 million MT for sugar. But now, given the current situation, India is expected to export 3.5 million MT of sugar during SY2020. (Photo: AFP)
Estimates of 2020 sugar production, exports vary
02 Dec 2019 2:20 AM

In sync with the lower projected output, export projection has also been brought down.

Both Vodafone Idea and Bharti Airtel too will increase its entry level unlimited plan with a year-long validity by about 50 per cent to Rs 1,499 from with 24 GB of data in place of existing plan of Rs 998, which comes with 12 GB data usage limit. (Representational Image)
Mobile calls, data to get expensive from December 3
02 Dec 2019 2:19 AM

Airtel, Voda Idea raise tariffs by up to 50 per cent, Jio by 40 per cent.

The Sebi order said Karvy’s clients could use other options like delivery slip instructions (DIS) to sell their shares.
Investors seek proactive steps to guard against broker default
02 Dec 2019 2:19 AM

Karvy had said that Sebi’s November 22 interim order that barred it from using PoA was hurting its more than 2,000 clients.

Hallmarking will be mandatory from January 15, but a period of one year will be allowed to set up new hallmarking centres and to clear jewellers’ existing stocks.
Govt makes gold jewellery hallmarking mandatory from mid-January
30 Nov 2019 11:25 AM

The move will bring trust back to the gold industry, benefiting consumers and trade alike.

H1B visa denials are at a record level, while quotas for H2B visas have been raised, according to the report.
22 per cent Indians made all visa-related searches to US in 2018
29 Nov 2019 6:51 PM

Overall, the top 10 countries accounted for nearly 56.5 per cent of all foreign visa-related searches in 2018.

Former RBI governor C Rangarajan.
Not through bonds, only cash, says Rangarajan on banks recapitalisation
29 Nov 2019 3:28 PM

The centre has infused Rs 2 lakh crore as capital into various banks during the past three years.

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