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SBI chalking out plan to pay Jet employees — Sources

By   /  March 26, 2019  /  Business  /  Comments Off on SBI chalking out plan to pay Jet employees — Sources

New Delhi, March 26 (IANS): The new interim management of the cash-strapped airline Jet Airways led by state-run SBI to oversee the daily operations and cash flow on Tuesday drew up a plan in consultation with the Civil Aviation Ministry to address the disbursal of pending salaries of employees, sources said. With the airline’s erswhile […]

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NAG urges SBI for early dues payment to Jet staff

By   /  March 26, 2019  /  Business  /  Comments Off on NAG urges SBI for early dues payment to Jet staff

Mumbai, March 26 (IANS):  National Aviators Guild (NAG) General Secretary Captain Tej Sood on Tuesday requested State Bank of India (SBI) Chairman Rajnish Kumar to ensure that Jet Airways’ employees get their pending salaries at the earliest. “It is our humble request to you to alleviate some of the hardships that we and the AMEs […]

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Higher taxes for foreign investors from April 1

By   /  March 23, 2019  /  Business  /  Comments Off on Higher taxes for foreign investors from April 1

Mumbai, March 23 (IANS): Changes in the SEBI listing and prevention of insider-trading regulations, revisions in the double-taxation avoidance agreements (DTAAs) with Mauritius and Singapore are set to come into effect from April 1. The changes in DTAAs give India the right to tax capital gains arising on Indian equity shares sold by a Singapore […]

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PM-Kisan scheme: About 4.74 cr. farmers to get second installment from next month

By   /  March 23, 2019  /  Business  /  Comments Off on PM-Kisan scheme: About 4.74 cr. farmers to get second installment from next month

New Delhi, March 23 (PTI): About 4.74 crore small and marginal farmers registered under the PM-Kisan scheme before the Model Code of Conduct (MCC) for general election came into effect on March 10 will get the second installment of INR 2,000 each in their bank accounts, a senior government official said on Saturday. Of these […]

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BoB-Dena-Vijaya Bank to be injected with INR 5K cr

By   /  March 22, 2019  /  Business  /  Comments Off on BoB-Dena-Vijaya Bank to be injected with INR 5K cr

New Delhi, March 22 (IANS): The Bank of Baroda may get INR 5,000 capital infusion from the Finance Ministry ahead of its united operations as a merged entity along with the Vijaya Bank and Dena Bank from April 1. In February, the government approved INR 48,239-crore recap bonds in 12 PSBs. The latest recap bonds […]

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Government exceeds disinvestment target in FY19

By   /  March 22, 2019  /  Business  /  Comments Off on Government exceeds disinvestment target in FY19

New Delhi, March 22 (IANS): Finance Minister Arun Jaitley on Friday said the government has achieved disinvestment of INR 85,000 crore in the current fiscal, which is INR 5,000 crore more than the set target for 2018-19, belying widespread expectations of a shortfall. “As against a target of INR 80,000 crore for disinvestment for the […]

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Samsung 5G phone to hit the market on April 5

By   /  March 21, 2019  /  Business  /  Comments Off on Samsung 5G phone to hit the market on April 5

Seoul, March 21 (IANS): Samsung on Thursday said it will release its first 5G smartphone in the first week of April in South Korea, making it the world’s first mobile device with the next-generation network capability.

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Petrol price down 7 paise, diesel dips 8 paise

By   /  March 21, 2019  /  Business  /  Comments Off on Petrol price down 7 paise, diesel dips 8 paise

New Delhi, March 21 (IANS): Petrol prices declined by 7 paise across the metropolitan cities on Thursday after remaining unchanged for the last two days, data from the Indian Oil Corp’s website showed.

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Sensex, Nifty rise on sustained foreign fund inflow

By   /  March 20, 2019  /  Business  /  Comments Off on Sensex, Nifty rise on sustained foreign fund inflow

Mumbai, March 20 (PTI): Benchmark indices opened on a positive note on Wednesday on sustained foreign fund inflow ahead of March derivatives expiry. However, gains were capped as Asian shares fell across the board in line with overnight drop in US stocks. Rising crude oil prices too worried investors.

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PNB stocks surge over 4% after Nirav Modi’s arrest

By   /  March 20, 2019  /  Business  /  Comments Off on PNB stocks surge over 4% after Nirav Modi’s arrest

Mumbai, March 20 (IANS): The Punjab National Bank (PNB) stock surged over 4 per cent on Wednesday following the arrest in the UK of Nirav Modi, who is accused in the INR 13,500- crore PNB fraud case reported last year.

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