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26 July, 2017 10:38 AM How Fundamental are Privacy Rights?

India’s Supreme Court has constituted a nine-member bench to decide on whether the Right to Privacy is a fundamental right. This decision will be an important landmark in the advocacy of privacy rights in our country. The hearing has commenced and a judgement is expected in the near future. The character of Privacy rights was considered by the Supreme 20

25 July, 2017 6:03 PM 76 banks report 5,076 cases of active banking frauds

New Delhi: A combined 5,076 cases of active banking frauds involving Rs 1 lakh or more causing losses of Rs 16,78,853 lakh were reported by 76 banks during 2016-17, Parliament was informed on Tuesday. In a written reply to the Rajya Sabha, Minister of State for Finance Santosh Kumar Gangwar said State Bank of India reported 544 cases of such frauds that caused 18

25 July, 2017 3:56 AM Market Live: Nifty hits historic high of 10,000 in opening; Sensex at new high

HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Hero Motocorp, ITC, SBI, Bharti Airtel and Reliance Industries were top contributors to Sensex' gains. 9:35 am Sectoral indices: All sectoral indices barring IT and Pharma were trading in green. HDFC Bank, ICICI Bank and ITC continued to lead the market higher while Infosys, Lupin, Wipro, Asian Paints and L&T were under 28

17 July, 2017 2:24 PM SBI Life gets ready for a big IPO this year, may raise Rs 8500-9000 cr

SBI Life Insurance, which has filed the draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi), is likely to bring out the largest initial public offering (IPO) in the insurance space. Sources said that the insurer could raise as much as Rs 8500-9000 crore from the IPO. Once listed, this would be the second life insurer 23

17 July, 2017 1:47 PM SBI Life Insurance Company files DRHP

MUMBAI: SBI Life Insurance Company, a subsidiary of State Bank of India has filed a draft red herring prospectus (DRHP) with Securities and Exchange Board of India (“SEBI”) for an initial public offer to raise upto Rs 7,000 crore, according to bankers. State Bank of India which owns 70% stake in the company is planning to sell 8 crore or 8% of the equity 28

17 July, 2017 11:39 AM Gujarat High Court dismisses Essar Steel's plea against RBI; insolvency process to continue

Essar Steel will undergo insolvency proceedings as the Gujarat High Court dismissed the company's plea against the Reserve Bank of India (RBI). According to a senior lawyer, "Now, Essar Steel has the option of going to the Supreme Court. They will take a decision in a day or to as time is a critical factor in this. IT will definitely set a precedent 26

17 July, 2017 10:22 AM SBI Life Files For IPO; Seen Raising More Than $1 Billion

Mumbai: SBI Life Insurance Co Ltd, a unit of State Bank of India, on Monday filed for an initial public offering of shares that bankers have said could raise more than $1 billion. SBI, the nation's top bank by assets, is selling up to 8 percent stake, or 80 million shares, in the unit as part of the IPO, while BNP Paribas Cardif is selling up to 4 percent 40

17 July, 2017 12:04 AM Advancing Budget helped boost spending by 30 per cent: PM Modi

NEW DELHI: Prime Minister Narendra Modi on Sunday said advancing the Budget by a month had helped increase overall expenditure by nearly 30%, with a 48% rise in spending on infrastructure development. While thanking lawmakers for their support for historic economic reforms such as bringing the Budget session of Parliament forward and introduction of the goods 30

16 July, 2017 11:25 AM Nine of 10 most valued cos add Rs 67,754 cr in m-cap

IT major Tata Consultancy Services (TCS) saw its m-cap soar by Rs 12,749.16 crore to Rs 4,59,199.31 crore and SBI added Rs 9,840.54 crore to Rs 2,51,710.59 crore.   New Delhi: Nine of the 10 most valued companies in the country together added Rs 67,754.53 crore to their market valuations last week, with RIL and TCS emerging as the best performers 30

16 July, 2017 6:36 AM SBI Accounts That Don't Require Maintenance Of Minimum Balance

State Bank of India offers four types of accounts where customers aren't required to maintain a minimum monthly balance. Do you hold a savings bank account with India’s largest bank? Then you should be aware that SBI or State Bank of India requires you to maintain a certain minimum balance in your account every month. However, SBI also offers some types 34