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Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country’s retail business.In a…

IndusInd Bank’s balance sheet was at Rs 23,000 crore at the time Sobti joined the bank, which has now grown to Rs 2.78 lakh crore.Private-sector lender IndusInd Bank on Thursday said the board of directors of the bank has finalised a…

Aramco is still holding meetings with its bankers to nail down the details of the offer, and the dividend plan and the valuation could still change. (REUTERS)Saudi Arabia will compromise on valuation to ensure the initial public offering…

MARKETWATCH FRONT PAGE In 2011, at 50, I took early retirement from my job as an air-traffic controller, left Texas and began traveling the world. See full story.How to dig yourself out of debt…

The company would also be launching a global debit card. (Image source: Uber.com)Uber is looking to empower its driver and delivery (courier) partners with a large set of financial services. The ride-hailing company recently announced…

Elaborating on the way ahead, Gill said a board committee on capital raising will be meeting next week to consider both the binding proposal and also the other ones which it has.Private sector lender Yes Bank is aiming to finish a USD…

In recent months, the mutual fund industry has been grappling with redemption pressures in the wake of debt crises at various groups, including IL&FS, Essel and DHFL.With just two months to go for the year-end, draft papers for…

MARKETWATCH FRONT PAGE In 2011, at 50, I took early retirement from my job as an air-traffic controller, left Texas and began traveling the world. See full story.How to dig yourself out of debt…

The RBI informed that Bharatiya Mahila Bank, State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore were merged with SBI with effect from April 1, 2017.Over…

The bank has been taking cues from the markets as it looks at what rates the bigger banks are setting their reserve prices for selling their bad loans.State-run lender United Bank of India has been able to sell as many as seven…