Punjab National Bank board approves proposal to raise Rs 5,431 crore fund from government

The finance minister Tuesday committed capital support to banks after meeting heads of public sector lenders. Read more »

Telcos wary of delay in giving connections, higher costs post SC Aadhaar order

Now, with verification going back to old ways, the telcos will have to send agents to every household, possibly making multiple trips, and this would cost Rs 250-300 per new subscriber. Read more »

Task force on drones to submit recommendations soon

In August, the ministry came out with norms for civilian use of drones. Read more »

Hike in custom duty may impact coming festive sales, consumer durable industry

"Increase in the basic customs duty on ACs, refrigerators and washing machines will bring back the emphasis on Centre's 'Make in India' vision," said the Consumer Electronics and Appliances Manufacturers Association President... Read more »

Taj Hotels was, is and will be India’s largest hospitality company for a long time: Puneet Chhatwal

Chhatwal who will personally supervise the bidding on Friday between IHCL and rival ITC Hotels said the Mansingh and Taj are the right fit. Read more »

Government may resume allotting coal to power plants with short-term PPAs

Short-term power contracts refer to contracts for less than a year. At present, domestic coal is provided only to plants having long- and mediumterm PPAs. Read more »

Hindustan Unilever, Nestle hint at price increases amid rising costs

However, not all companies will pass on the entire burden to consumers because it could hamper growth. “We will try and ensure that price increases... Read more »

Customs duty on ATF ‘negative’ for airlines; fares likely to go up

Rising fuel prices, intense competition and inability to pass on spiralling expenses have been negatively impacting the domestic airlines. Read more »

Trai to be renamed as DCRAI: Telecom Minister

When asked from when will new name of Trai, Digital Communications Regulatory Authority of India, will be effective, Sinha said "It will be done soon". Read more »

Walmart team meets UP CM Yogi Adityanath; discusses agri, food processing

At the meeting, the UP chief minister spoke about focussing on agriculture sourcing, food processing industry and One District One Product (ODOP) to support local traditional art forms. Read more »