Business

Earlier in the Union Budget, the government said it will infuse Rs 70,000 crore into public sector banks to increase access to credit.

Meanwhile, in an attempt to boost economic growth, the government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders.

The merger of Chennai-based Indian Bank with Allahabad Bank will create India’s seventh-largest public sector bank with Rs 8.08 lakh crore business and strong branch networks in the south, north and east of the country.

The airport operator said it has placed bilingual directional and informative signage at all strategic locations in and around the three terminals of the airport.

One-year MCLR, to which all lending rates are linked, have been reduced to 8.35 per cent from 8.50 per cent, the bank said in a statement.

Shaw suggested doing away with the 28 per cent GST slab in full, saying it is impacting auto and hospitality sectors badly, in turn adversely impacting jobs.

L&T-MHPS Boilers (LMB) is a joint venture of Larsen a Toubro (L&T) and Mitsubishi Hitachi Power Systems (MHPS), while THDC is a JV between the government of India and the government of Uttar Pradesh.

The apex banks had in 2012 issued guidelines for compensation of chief executives, whole-time directors, and control function staff of private sector and foreign banks.

The four-day sale launched by SpiceJet on August 27 will be open till midnight August 31, whereas the travel period covered is till March 21, 2020.

Shares of tariff-sensitive companies rose in response, with Apple Inc's 2.1% gain boosting technology stocks, while a 1% rise in Boeing Co lifted the Dow Jones Industrial Average.

GSTR 9 is an annual return to be filed yearly by taxpayers registered under the Goods and Services Tax (GST).

L&T has received engineering, procurement and construction (EPC) order to set up flue-gas desulphurisation (FGD) system at Vindhyachal Super Thermal Power Station at stage-I & II (6x210 mega watt (MW) & 2x500 MW, the company said in a BSE filing.

DGCA has asked all organisations to document their scheduled shift patterns, system and procedure in their maintenance organisation exposition or procedure manual, among others, for effective fatigue management.

Air India has a 90 day credit period, which means the aviation turbine fuel (ATF) it buys on a given day has to be paid for in three months. But Air India had not been making payments and the credit period was now 230 days, IOC said.

The rupee, which had earlier in the day breached the 72-mark for the first time this year, stabilised following an announcement that Finance Minister Nirmala Sitharaman will address a press conference in the evening.

A strong dollar in the overseas markets and continued foreign fund outflows weighed on the domestic currency, according to forex traders.