An SBI-led consortium's attempt to auction properties of industrialist Vijay Mallya in order to recover loans made to his Kingfisher Airlines, failed again on Monday as these had no takers despite around a 10 per cent cut in their reserve price. ....

A Bangladesh High Court on Monday ordered 154 toxic tanneries here to shut down. ....

Admitting to an instance of attempt to misuse biometrics data, the Unique identification Authority of India (UIDAI) on Sunday said that the information on individuals enrolled by it is safe and secure. ....

India's Income Tax Department on Friday cautioned those engaging in 'benami' (proxy) transactions that they stand to face Rigorous Imprisonment (RI) of up to 7 years and would also invite prosecution under the Income Tax Act. ....

Coal India intends to diversify into a new "coal to chemical" business domain by converting the high calorific value, low ash thermal coal into chemical, the miner said in a document on Friday. ....

In a bid to discourage cash transactions, from March 1, customers carrying out financial transactions at HDFC Bank and ICICI bank branches will have to pay a fee if the number of transactions exceed beyond four. ....

In a move to promote digital transactions post-demonetisation, the government on Wednesday said it has asked banks to provide mobile banking facility to all customers by the end of the current fiscal on March 31. ....

State-run oil marketers raised the price of non-subsidised cooking gas (LPG) by a steep Rs 86 per cylinder effective from Wednesday. ....

The State Bank of India (SBI) on Wednesday said that the Reserve Bank of India (RBI) needs to give some incentives to banks for resolution of bad loans in terms of provisions or extending the deadline of March 31 to clean up their books. ....

Non-life insurer Reliance General Insurance -- part of Reliance Capital Ltd -- on Wednesday said it has signed a bancassurance deal with private-owned Kerala-headquartered Catholic Syrian Bank. ....