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The bank added that it will seek shareholders' approval for scheme.

Public sector lender Union Bank of India plans to raise up to Rs 600 crore through "Employee Share Purchase Scheme", subject to shareholders' approval.

According to bank, its stakeholders Relationship Committee (SRC) has approved scheme for raising equity capital.

"The SRC at its

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GoAir Rs 1,199 offer: The booking period of GoAir's flight ticket offer ends on January 4, 2019.

GoAir is offering domestic flight tickets at a starting all-inclusive price of Rs. 1,199 in a special sale offer, said carrier on its official website, goair.in. Bookings under GoAir scheme can be made till January 4, 2019. This special sale is valid

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Johnson - Johnson is mired in a controversy surrounding safety of its baby talcum powder

New Delhi: 

Johnson - Johnson's sales in India dipped 3 per cent in year to March 2018, a regulatory filing showed on Thursday, as US drug maker grappled with country's stringent medical device pricing policies.

The company, currently mired in a

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Heavyweights HDFC, ITC, HDFC Bank and SBI contributed most to gains on 30-scrip benchmark index.

Domestic stock markets started Friday's session on a positive note, driven by recovery in auto, metal and banking stocks amid buying by domestic institutional investors.The S-P BSE Sensex surged as much as 191.14points to touch 35,704.85, while

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Arun Jaitley said tribunal had started receiving corporate insolvency cases by end of 2016.

Finance Minister Arun Jaitley said on Thursday that commercial banks were likely to recover Rs 70,000 crore of bad loans by end of March, helped by resolution of 12 large cases. Some of big cases, such as Bhushan

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China lowered threshold for blocking citizens with overdue taxes from leaving country.

China's plan to cut taxes in 2019 for masses has nation's super-rich running for cover on concern government will make up shortfall by going after wealthy.

Changes to tax regime as of Januray. 1 mean authorities will be paying closer attention to assets and

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DIPP assured that FDI in allowed only in B2B e-commerce segment.

The Centre on Thursday said Foreign Direct Investment (FDI) policy on e-commerce does not allow foreign investments into multi-brand retail.

The Departent of Industrial Policy and Promotion (DIPP), in a statement assured that FDI in allowed only in business-to-business (B2B) e-commerce

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Train 18 is likely to be introduced in service before Kumbh mela.

Train 18, country's first engine-less train, will make its first journey between New Delhi and Varanasi in January 2019, Railway Ministry officials were quoted as saying in an Indo-Asian News Service (IANS) report. The report also pointed out that engine-less train, which is capable

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Spencer Neumann joined Activision in May 2017 from Walt Disney Co.

Spencer Neumann, who was abruptly put on leave by Activision Blizzard Inc. and then fired from his job as chief financial officer, had a provision in his contract that barred him from negotiating with other potential employers.

Activision, maker of Call of Duty and other video games,

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Small finance banks often pay higher returns on deposits in savings accounts compared to commercial banks

Small finance banks often pay higher interest rates on deposits compared to commercial banks. Primarily aimed at financial inclusion, small finance banks often pay higher returns on deposits in savings accounts compared to commercial banks,

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Sovereign gold, however, remained unchanged at Rs 25,200 per piece of 8 grams.

Extending gains for third straight session, gold prices on Thursday surged by Rs 335 to Rs 32,835 per 10 grams at bullion market in national capital, reported news agency Press Trust of India (PTI). The jump came amid weaker rupee against dollar, reported agency citing

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Apple Inc., for first time in almost two decades, lowered its revenue outlook, citing fewer than expected upgrades to new iPhones, weakness in China's economy and supply constraints to newer models of Apple Watch, iPad Pro and AirPods.

Chief Executive Officer Tim Cook said Wednesday company expects sales of about $84 billion in quarter ended Dec.

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Apple share price: US and Frankfurt-listed stocks tumbled almost 10% during Thursday's session

Apple's warning on revenue rocked financial markets on Thursday, as investors shunned equities and sought safety in bonds and less risky assets amid renewed concerns about slowing global economic growth and damage from China-US trade war. Technology

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42 of Nifty50 stocks finished in negative zone.

Domestic stock markets extended losses to a second straight session as caution prevailed among investors ahead of key corporate earnings due next week. S-P BSE Sensex shed 377.81 points, or 1.05 per cent, to end at 35,513.71 while NSE's broader Nifty50 settled 120.25 points, or 1.11 per cent lower

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Dena Bank and Vijaya Bank will be a part of with Bank of Baroda with effect from April 1

Shares of state-run Dena Bank and Vijaya Bank plunged on Thursday after Cabinet approved their merger with Bank of Baroda late on Wednesday, in an attempt to clean up country's banking system.

Under merger plan, Bank of Baroda said it would issue 110 shares of

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Maggi, Nestle India's single-largest revenue earner, was banned in June 2015 for six months

ZURICH: 

Food group Nestle said on Thursday a ruling by Supreme Court marked a partial victory in its row with government over Maggi noodles. Maggi, Nestle India's single-largest revenue earner, was banned in June 2015 for six months across country following

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Parliamentary panel on Thursday asked central bank to review its rules on capital requirement for banks beyond limits under global Basel III capital regulations, which could improve their lending ability.

"Such stringent norms stipulated by RBI for our banks is unrealistic and unwarranted," according to a report by Parliamentary Committee on

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Vodafone Idea lost 7.4 million users while Bharti Airtel lost 1.9 million users in October, data showed

Telecom stocks such as Vodafone Idea lost ground on Thursday after industry regulator released monthly data that showed a bleak rise in country's mobile phone customer base.

The country's mobile phone customer base rose 0.06 per cent, or a net

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The total currency in circulation amounts to Rs 18,03,700 crore at end-March 2018.

New Delhi: 

The printing of Rs 2,000 banknote, introduced post-demonetisation in November 2016, has been reduced to "minimum" by Reserve Bank, a top finance ministry official said on Thursday. Soon after shock decision to ban old Rs 500 and 1,000 currency notes by

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Reliance Jio 'Happy New Year' offer: The last date to avail cashback offer is January 31, 2019.

Reliance Jio has announced a 100 per cent cashback on purchase of its prepaid plan of Rs 399 in a limited-period offer. Under "Happy New Year" offer, Reliance Jio prepaid customers recharging their connections with Rs 399 plan will get discount of same

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Billionaire Warren Buffett has said he would love to see Apple Inc shares decline in price so he could buy more. He is getting his wish.

Apple's warning on Wednesday about weak iPhone demand in holiday quarter due to slower sales in China sent its stock down 7.5 per cent during after-hours trading. Class B shares of Mr Buffett's Berkshire Hathaway

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On Wednesday, rupee had tumbled 75 paise to 70.18 against Dollar.

Mumbai: 

The rupee weakened for second straight session on Thursday, slipping by 2 paise to 70.20 against US dollar on robust foreign fund outflows amid rising trade deficit worries. Meanwhile, yen surged to multi-year highs on safe-haven buying following a 'flash crash' that spooked

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The funds will be raised through issuance of secured redeemable non-convertible debentures (NCDs).

Mumbai: 

The HDFC's Board will consider raising Rs 45,000 crore through issuance of secured redeemable non-convertible debentures (NCDs). Accordingly, company's Board will consider issuance of NCDs on private placement basis in a meeting on January 29,

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Shares of state-owned bank closed 3.16 per cent down at Rs 119.40 apiece on BSE.

New Delhi: 

Bank of Baroda on Wednesday said its board has approved raising up to Rs 1,285 crore by issuing Basel III compliant bonds. In two separate decisions, committee of bank approved issuance of tier II capital bonds compliant with Basel III capital regulations of

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AMS provides Apple with optical sensors for 3D facial recognition features on its newest smartphones

Vienna: 

Shares in AMS AG lost a fifth of their value on Thursday after a sales warning from major customer Apple brought concerns over challenges for Austrian sensor specialist sharply into focus. AMS provides Apple with optical sensors for 3D

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Finance Minister Arun Jaitley said on Thursday commercial banks were likely to recover 70,000 crore rupees of bad loans by end of March, helped by resolution of 12 large cases.

Some of big cases such as Bhushan Power and Steel Ltd and Essar Steel India Ltd are in advanced stages of resolution, and are likely to be resolved in this financial year,

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Rupee vs Dollar: The rupee depreciated 9.2 per cent against dollar last year

After appreciating for three consecutive sessions, rupee weakened on Wednesday. The rupee settled at 70.18 against dollar, down 75 paise - or 1.1 per cent - from previous close. A gain in dollar overseas and a selloff in domestic

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Investment in nine small savings schemes earns interest at rate of 4-8.7%

The government has revised interest rates applicable to select small savings schemes. Investment in time deposits of one-year, two-year and three-year maturity periods will fetch interest at rate of 7 per cent in quarter ending March 31, 2019, Ministry of Finance said in a

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FIIs have been net sellers only on three occasions since 2002.

Mumbai: 

After a massive exodus of foreign funds from country's capital market segment in 2018, analysts anticipate a recovery in inflows on back of robust corporate earnings and resolution of ongoing liquidity crisis. Experts are of opinion that foreign fund outflows last year was due

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New Delhi: 

Oil and Natural Gas Corp (ONGC) will reconsider government's demand that it list ONGC Videsh Ltd, its overseas exploration subsidiary, Shashi Shanker, chairman and managing director of company, said on Wednesday.

The company has some reservations about listing of ONGC Videsh and has conveyed this to government, Mr Shanker told reporters

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