Private equity investors Carlyle Group and Advent have received conditional approval from the Reserve Bank of India (RBI) to each purchase a 9.99% stake in Yes Bank. Both private equity investors will infuse Rs 8,898.4 crore in combination with...

Banks have been warned by the Reserve Bank of India (RBI) against rising incidences of fraud in accounts related to the government's direct benefit transfer (DBT) programme and instructed to increase their vigilance and implement more rigorous...

In terms of additional card issuances during the holiday month of October, SBI Cards has surpassed HDFC Bank. In terms of new credit card additions in October, HDFC Bank, the nation's segment leader, fell to fourth place with fewer than...

The Power Ministry has launched a scheme for procurement of 4,500 MW of aggregate electricity for a period of five years. The provision of procurement of electricity would be conducted under the ministry's Scheme for Harnessing and...

The government has made it clear that after its proposed stake sale, IDBI Bank will not be subject to the regulations that apply to state-run businesses. According to the statement made in response to pre-expression of interest (EoI) questions, it...

Not all of us have a car. And the people who do not own a vehicle do not need to spend thousands of dollars on auto insurance policies. Yet, they need to drive a car. Borrowing someone's car works, but what about car insurance? Do you need...

Kaizad Bharucha has been named as the deputy managing director, according to HDFC Bank. The bank's executive director at the moment is Bharucha. The bank also announced in an exchange filing that Bhavesh Zaveri has been named executive...

Aiming to strengthen the startup ecosystem in the country, the Department for Promotion of Industry and Internal Trade (DPIIT) has launched a call for startup applications for registration on the MAARG portal, the National Mentorship Platform by...

Domestic tax collections will exceed the budget estimate by nearly Rs 4 lakh crore in the current fiscal owing to higher income tax, customs duty, and GST collections, the government said on Wednesday. Revenue Secretary Tarun Bajaj was quoted...

The Telecom Regulatory Authority of India (TRAI) issued the Telecommunication (Broadcasting and Cable) Services Tariff (Third Amendment) Order, 2022 and the Telecommunication (Broadcasting and Cable) Services Interconnection (Fourth Amendment)...