NEW DELHI: Finance minister Nirmala Sitharaman on Monday said the offset contract of Rafale fighter jet deal will help to train and skill the youth in India, and no money was given to any “bhai”. Speaking at an event to mark ‘World Youth Skill Day’ and also the fourth anniversary of government’s ‘Skill India Mission’, […]

MUMBAI: A threat by Indian Oil CorpNSE 1.65 % (IOC) to stop jet fuel supplies to Air India at some airports was resolved after a late Monday evening intervention from the ministry. The state-run refiner threatened to stop supplies at six airports, including Pune, Vizag and Chandigarh, due to payment defaults by the airline, said […]

KOLKATA & MUMBAI: Vodafone IdeaNSE 0.43 % is said to have repaid a sizeable chunk of the almost Rs 4,300 crore of loans due to be cleared in this financial year using a portion of its Rs 25,000 crore rights issue proceeds, people familiar with the matter said. The repayments will help the telecom market […]

NEW DELHI: Loan accounts of 738 borrowers having exposure of Rs 100 crore or more with state-run lenders were classified as bad loans in 2018-19, minister of sate for financeNSE 0.52 % Anurag Thakur said in reply to a question in Lok Sabha on Monday. There were 792 unique borrowers in the previous fiscal. The […]

The Reserve Bank of India Monday said it has slapped a penalty of Rs 7 crore on the country’s largest bank SBINSE 1.24 % for non-compliance with norms related to NPA identification and fraud risk management, among others. The penalty has been imposed on the bank for non-compliance of income recognition and asset classification (IRAC) […]

Congress leader Navjot Singh Sidhu, who has been at loggerheads with Punjab Chief Minister Amarinder Singh and was stripped off key portfolios in the cabinet reshuffle in June, has resigned from the state cabinet. The 55-year-old Sidhu took to Twitter on Sunday, making public his resignation letter, which was sent just four days after his […]