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SBI sets limit to Rs 20K for certain costumers

SBI sets limit to Rs 20K for certain costumers

The country's largest lender SBI has halved the daily cash withdrawal limit from ATMs for certain debit-card holders to Rs 20,000 from Wednesday.

The withdrawal limit has been curtailed on Classic and Maestro debit cards, held by a large number of the bank customers.

Sardar Vallabhai Patel ensured India's diversity remains united: Rajnath

Sardar Vallabhai Patel ensured India's diversity remains united: Rajnath

New Delhi: India is known for its diversity and Sardar Vallabhbhai Patel had ensured that the country remains united with its uniqueness, Home Minister Rajnath Singh said Wednesday.

Flagging off the 'Run For Unity', organised here on the occasion of 143rd birth anniversary of Patel, he said Prime Minister Narendra Modi has been working relentlessly with the country's first home minister's objective of making India strong and keeping it united.

Kalpana Roy, who played football for India, now runs tea stall to earn livelihood

Kalpana Roy, who played football for India, now runs tea stall to earn livelihood

Jalpaiguri: 26-year-old Kalpana Roy, who represented the country as a part of the Indian women's football team 10 years ago, is now running a roadside tea stall in West Bengal's Jalpaiguri district.

She also coaches around 30 boys and trains them twice a day in order to keep herself fit as she still nurtures the dream of playing for the team again.

Reliance Jio, Reliance Retail overtake RIL petchem in sales

Reliance Jio, Reliance Retail overtake RIL petchem in sales

Mumbai: In June 2015, when Reliance Industries Ltd (RIL) chairman Mukesh Ambani said retail and telecom would be the sunrise sectors for the company, many investors were sceptical. Three years on, Reliance Retail and Reliance Jio Infocomm Ltd have jointly crossed revenues of RIL’s petrochemicals business, for long its second-largest revenue generator after oil refining and marketing.

Sensex drops over 200 points, Nifty slips below 10,150

Sensex drops over 200 points, Nifty slips below 10,150

The BSE benchmark Sensex dropped over 200 points on Wednesday amid rising tension between the Reserve Bank of India and the government.

Investor sentiment turned weak in early session on reports that the government may invoke certain provisions to issue directions to the central bank.

In no hurry to become pan-India player in milk and curd, says ITC

In no hurry to become pan-India player in milk and curd, says ITC

Cigarette-to-soap maker ITC, which is on a dairy portfolio expansion spree, on Tuesday said it has no hurry to be a pan-India player in pouch milk and curd, and is currently focussing on the West Bengal and Bihar markets in these two categories. The diversified conglomerate is looking to launch paneer and flavoured milk in the next two months.

Court rejects Mallya plea against ED proceedings to declare him fugitive economic offender

Court rejects Mallya plea against ED proceedings to declare him fugitive economic offender

A special court Tuesday rejected businessman Vijay Mallya's plea seeking a stay on the proceedings initiated by the Enforcement Directorate (ED) to declare him a fugitive economic offender (FEO).

Special judge M S Azmi rejected Mallya's plea and said the court will hear arguments on the main ED plea to declare the beleaguered industrialist an FEO on November 22.

Amazon Pay, ICICI launch new credit card as US firm eyes fintech expansion

Amazon Pay, ICICI launch new credit card as US firm eyes fintech expansion

Amazon Pay, the online payments processing service owned by the America-based retailing major, has tied-up with ICICI Bank to launch an Amazon Pay ICICI Bank credit card in partnership with Visa.

It has planned to majorly expand in the financial technology space and in making digital money more prevalent in tier-III cities and other towns. Amazon Pay says their tie-up would help in greater penetration for ICICI into places where credit card usage is less.

Johnson & Johnson loses cancer drug patent, Indian firms eye US market

Johnson & Johnson loses cancer drug patent, Indian firms eye US market

With pharmaceutical major Johnson & Johnson (J&J) losing the patent battle in the US court for its popular prostrate cancer drug Zytiga, opportunities for Indian players, who have already lined up generic versions, have opened up.

The drug is considered among the leading therapies for prostrate cancer. Players such as Dr Reddy’s Laboratories, Glenmark, and Wockhardt are among the generic filers, which has an estimated sales of around $1.5 billion in the US market.

Coal India extends fall as share sale begins

Coal India extends fall as share sale begins

Shares of Coal India were down by 4.4% at Rs 265 per share on Wednesday in early morning trade, extending their 4% decline in the previous day on the BSE after the company’s offer for sale (OFS) of its equity shares began today.

The shares will be sold at a floor price of Rs 266, and the sale will be conducted on Wednesday and Thursday, the company said in a filing. The floor price is at a discount of 4% to Tuesday's closing price of Rs 277 on the BSE.

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