Industry-The Economic Times 4 April 2018

Banks' charge for SMS not in line with RBI guidelines; customers ending up paying more

While Reserve Bank of India told banks to send SMS alerts for every transaction as means to fight frauds, the regulator also directed banks to levy charges on actual usage basis.

Read More →

ICICI Bank clarifies it has given no loans outside consortium to Videocon

In a clarification to the stock exchanges ICICI Bank said it had participated in the consortium of lenders for consolidation of loans to Videocon Industries and 12 associate companies.

Read More →

RINL registered a 31% jump in turnover at over Rs 16,500 crore (provisional) in 2017-18 over 2016-17

RINL is increasingly planning to focus on development coastal shipping as an alternative mode of logistics to reduce its dependence on Railways.

Read More →

ICICI Bank risks class action suit in US: Jefferies

A 'class action' lawsuit in US is one in which a group of people sue an individual or a corporate defendant for financial damages due to mismanagement.

Read More →

Bank of Baroda cops Rs 9 cr fine over remittance scam

The Financial Intelligence Unit has levied the maximum penalty of Rs 1 lakh for each instance of "delayed" filing of Suspicious Transaction Reports by the state-owned bank.

Read More →

Banks stare at $38 billion new dud loans from power sector: Report

Of this USD 178 billion debt mountain, banks have the largest at 53 per cent of the total loans, followed by non-banking finance companies (NBFCs) at 35 per cent and the balance from the states.

Read More →

Amendment in solar bidding norms positive, says Icra

The renewable energy ministry amended the bidding norms for solar projects on April 3 2018, wherein the "change in law" provision now applies to changes in taxation, duties and cess.

Read More →

Softer, lighter, cleaner blankets in AC coaches soon: Rail Board

Unlike the blankets provided now which are woollen, the revised specifications said that the fibre content of the blankets should be 60 per cent wool, 15 per cent nylon and the weight should be 450 gram.

Read More →

SVF receives the YouTube Gold Play Button

With this, SVF becomes the first Bengali production house to receive the 'Gold Play Button' with already two 'Silver Play Buttons' in their pocket.

Read More →

Blackstone to develop 2 more projects with Salarpuria Group

With these additional two under-construction properties, the total development area under the Blackstone-Salarpuria Sattva platform has increased to 13 million sq ft in Hyderabad.

Read More →

ICICI Bank launches social media-based remittance service for NRIs

ICICI Bank said it is the first in India and among few globally to launch a service allowing cross-border remittances over social media.

Read More →

JU ranked 51 among top 100 universities in country

Securing 51st rank this year after securing 64th and 63rd rank in last two years, is a step towards sustenance and enhancement of quality.

Read More →

Axalta inaugurates new coating manufacturing facility in India, doubles capacity

The new plant will double Axalta’s coating manufacturing capacity to meet the growing demand for coatings in light vehicles, commercial vehicles, and industrial segments.

Read More →

Indian engineering students can't think as high as Chinese and Russians: Report

The blame doesn't lie with the students but the large number of engineering colleges mushrooming in the country in the past decade.

Read More →

Hines India elevates Amit Diwan as MD and Country Head

In his new role, Diwan will be responsible for managing the expansion of the business by raising and deploying domestic and international capital into development projects and investment opportunities.

Read More →
Calendar