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Bharat Gas gets five-year loan from Bank of Baroda for ₹3,100 crore
Mumbai: Bharat Gas Resources Ltd (BGR) a wholly-owned subsidiary of Bharat Petroleum Corporation Ltd (BPCL), has signed a five-year loan agreement with Bank of Baroda for ₹3100 crore, according to two officials aware of the […]
Looking for additional fund? Here’s how top-up home loans score over gold or personal loans
While zeroing down on your choices, evaluate your options based on these criteria; Are you planning to renovate your house, or make some changes, while paying for your home loan? Instead of […]
SBI cuts MCLR rates again. What it means for your home loan EMIs
India’s biggest lender State Bank of India or SBI has reduced its MCLR (Marginal Cost of Funds based Lending Rate) by 10 basis points. This will come into effect from September 10. […]
Govt relaxes fines for underpayment of import/export duties
The government has relaxed fines imposed on exporters and importers who fail to pay import and export duties to the government or who do not pay the full amount due. The lower […]
Foreign banks cannot engage agents for realising defaulted loan through threat, coercion: Kerala HC
The Kerala High Court has held that foreign banks or financial institutions cannot engage recovery agents for realising the defaulted loan amount through threat, coercion, or duress from a borrower. A Division […]
Dip in automobile sales is not worry for CEA Krishnamurthy Subramanian
Says that overall manufacturing sector `is doing well’ At a time when automobile sales are plummeting to alarming levels, it does not seem to be a major economic concern for Chief Economic […]
India’s e-commerce rules regressive, not good for global business: Walmart to US government
Walmart told the U.S. government privately in January that India’s new investment rules for e-commerce were regressive and had the potential to hurt trade ties, a company document seen by Reuters showed. […]
Insurance company fined for denying 7-year-old girl’s surgery claim by alleging ‘drug use’
The court slammed the insurance company and the TPA for misinterpreting the mediclaim guidelines and held that 7-year-old girl did not develop cataract due to drugs. Vadodara: A consumer court in Vadodara has […]