SBI creates wholly-owned subsidiary to manage real estate

The move is seen as public sector banks' efforts to exit non-core activities to improve balance sheet as they have piled up huge bad assets over the past few years. Read more »

Private equity, venture capital India investments in 2016 mixed bag, KPMG

This decline was expected as the flurry of investments in 2015 was shouldered by a high volume of startup deals during the year. Read more »

No impact on leisure bookings to the US

Companies like Cox & Kings, Expedia and FCM Travel Solutions said there has been no change in bookings to the US for the upcoming summer... Read more »

RBI asks NBFCs to go cashless for gold loans above Rs 20k

Muthoot Fincorp said that the existing ceiling was Rs 1 lakh for cash disbursement and bringing it down to Rs 20,000 will have an impact. Read more »

Cool summer ahead: AC prices down sharply, won’t burn a hole in your pocket this year

Prices of premium, energy efficient inverter ACs have crashed by up to 25 per cent as LG Electronics seeks to set competitive benchmarks. Read more »

Hungarian fighter jets escort ‘lost’ AI plane

The AI pilots were told that the fighter jets had to be scrambled as the plane was "out of touch" for a while. Even after this conversation, the Hungarian jets kept flying... Read more »

Healthcare Changes Highlight Need for Small Businesses to Be Adaptable (Watch)

Small businesses and the self-employed are at the center of the healthcare debate on Capitol Hill. Read more »

Britannia Nutri-Choice packaging not a copy of ITC product: Court

The ruling paves way for Britannia to roll out the digestive biscuit brand in its original packaging and colour scheme. Read more »

Aviation Ministry seeks PMO Help for early clearance from Home Ministry

Aviation secretary RN Choubey wrote a letter to the PMO seeking its intervention in January, after a meeting between officials of the aviation and home ministries did not yield any results. Read more »

NDMC seeks Delhi HC’s approval to evict Le Meridien

​​After cancelling Le Meridien's licence in a special council meeting last week, NDMC has approached court for approval. Read more »