Cap on charge-free ATM withdrawals a policy decision: RBI to High Court

"It is a policy decision. Why should the court interfere in it? They (petitioner) are challenging the circular of the RBI. I am challenging the maintainability of this plea." Read more »

12 notices to private companies for non-compliance to development norms

31 coal mines have been allocated by way of auction to the regulated as well as non-regulated sector under the said Act, of which 30 have been allocated to private sector companies. Read more »

Lupin gets USFDA’s final nod for pain relief tablets

The tablets are generic version of Allergan Sales LLC's Norco tablets in the same strengths and the product will be launched shortly, Lupin said. Read more »

Consumers to get 20W LED tube lights at Rs 230: Piyush Goyal

"EESL plans to distribute LED tube lights of 20 watts to consumers at an upfront cost of Rs 230 per unit," Power Minister Piyush Goyal said in a written reply to the... Read more »

Etihad Aviation Group to launch new airline in Europe

"The transaction is subject to approvals by aviation regulatory bodies and anti-trust authorities," said a release. Read more »

Yes Bank partners Ola to set up 30 mobile ATMs in 10 cities

The Point of Sale (PoS) enabled ATMs will be stationed in Ola cabs from where customers of any bank can withdraw the amount, Yes Bank said. Read more »

Tata Steel’s Speciality Steel business sale to improve performance

The sale, which is subject to due diligence and corporate approvals, would be credit positive for TSUKH because it would dispose of loss-making assets. Read more »

Tata Steel closes in on UK plant deal: Report

Union leaders will put a new rescue plan to its members this week, which could see investments into the UK's largest steel plant in return for concessions on staff terms and conditions. Read more »

GJEPC setting up Indian Institute of Gem & Jewellery in Varanasi

With the proposed establishment of IIGJ Varanasi, it is expected that the export of gems and jewellery would significantly improve from the city of Varanasi and eastern India. Read more »

Govt extends MIP on select steel products till Feb 4

The 19 products include semi-finished products of iron or non-alloyed steel, flat-rolled products of different widths, bars and rods. Read more »