The tax proposals would face opposition from the Republican-controlled Congress. Its lawmakers argue that tax hike would hamper economic growth at a time the country cannot afford it

You’ve got to hand it to SAP for competitive vision. Then take some back for how it’s explaining itself.

The Federal Communications Commission voted on Thursday to regulate broadband Internet service...

For the next four days, a sprawling conference centre here will become the global hub for the telecommunications and technology industries.

Emerging from the desert like a giant steel squid, Abu Dhabi’s new airport terminal is starting to take shape.

Candidates are following a shift in the political debate, from jobs and a fragile economic recovery during the 2012 campaign, to one now centred on income inequality

US Elections 2016: The US Embassy in Delhi is all set to welcome the new President. Here are some pics what the US embassy in Delhi looks like right now:

The United Nations (UN) General Assembly has granted observer status to the International Chamber of Commerce (ICC),

Fifa adding more World Cup berths could mean better representation for Asia and Africa

The President’s executive order directs the federal bureaucracy to enforce visa law more vigorously, and to study new ways to reform and restrict the H-1B system.

Employees no longer need to be working at the desk to stay productive: Microsoft.

Uber doing away with the post-trip tracking feature that had drawn the ire of users is a sign of the torsion privacy concerns create when faced with the demands of a data-driven world.

The board of directors of AirAsia Group (AAGB) on Tuesday rebutted all allegations levelled against the airline’s top brass including group CEO Tony Fernandes, deputy group CEO Bo Lingam and also AAGB and AirAsia India.

Western bigwigs were a no-show at China’s biggest web conference.

Asian nations gave up hopes of completing a 16-nation trade bloc this year, with Chinese and Australian officials now looking to finalise the deal in 2019.

The chipmaking sector saw another bout of selling in Asia, wiping at least $11.2 billion in market value, as weak forecasts from Nvidia and Applied Materials added to the latest signals that demand for servers, personal computers and mobile is falling.

Facebook used a Republican public relations firm to help repair its battered reputation following criticism of social media.

Marriott International said it’s investigating a hack of the guest reservation database at its Starwood unit that may be one of the biggest such breaches in corporate history.

Lyft will pitch investors on its fast growth in the United States as it seeks to beat out Uber to become the first publicly listed ride-hailing company, according to people familiar with the matter.

Executives and strategists try to keep their tactics under the radar, and Disney declined to provide an executive to comment on its tactics. But the studio’s answer to the online hate is there for all to see on the internet.

As President Donald Trump shows his eagerness for the coming 2020 re-election battle, the first lady's fervour for participating in the effort is not that clear.

As Trump claims to be the first American president to stand up to Beijing, his aides have built a possible deal on a foundation of distrust.

The biggest palm oil producers stepped up lobbying in Brussels to defend its future in the European market.

Mueller report identified at least 10 instances of potential obstruction of justice by Donald Trump.

The National Payments Corporation of India (NPCI) has been urging Indians to use more digital payment methods, so that people do not step out even to go to the ATM, reduce social contact and curb the spread of Covid-19.

The fund will work in a similar manner in which the public sector and private sector partnered to invest and rescue Yes Bank.

There will be very limited impact on affordable housing loans, most of which are backed by cash flow, and given mostly to the salaried class who have a steady income.

ESAF has more than 96% of its exposure in the micro-segment with the average ticket size of the loan being Rs 33,000.

The RBI announced the liquidity facility under the TLTRO 2.0 window for NBFCs and MFIs after these institutions failed to get funding under the earlier TLTRO scheme announced late in March.

Digital transactions have gained new heights in the month of March as India announced a lockdown due to coronavirus. The total value of Real Time Gross Settlement (RTGS) transactions also witnessed a spike.

This novel facility offers customers yet another way to connect with their bank from home at a time when they are advised to stay indoors in the wake of the nationwide lockdown, ICICI Bank said in a release.

The RBI last month cut the policy rate by 75 basis points to spur growth amid the COVID-19 crisis.

However, if collections don’t revive rapidly for the NBFCs and MFIs in particular within this period, the liquidity challenges may continue and will necessitate longer term funding,” the firm said.

The lender’s gross NPAs stood at 2.45% of gross advances as on March 31, 2020, up from 2.18% on December 31, 2019, while the net NPA ratio stood at 0.91% of net advances as on March 31, 2020, down from 1.05% on December 31, 2019.

The bank’s advances grew 15% y-o-y to Rs 5,71,424 crore as on March 31, with retail loans up 24% y-o-y to Rs 3.05 lakh crore, accounting for 53% of the net advances.

The Reserve Bank in October 2018 had barred the bank from granting or renewing any loan for six months and later extended the curbs twice.

This classification will require banks to make provisions of 100% of the total amount due to them as per Reserve Bank of India (RBI) guidelines.

On Thursday, the RBI said banks would be eligible for regulatory benefits irrespective of whether they supported MFs with resources from the special window or otherwise.

The meeting will take stock of implementation of several steps announced by the RBI, including moderation in interest rate and its transmission, as well as liquidity infusion measures to support the industry.

The number of NPA accounts rose from 2,08,035 as on March 31, 2014, to 6,17,306 as of December 2019.

RBI, on April 17, announced to provide special refinance facilities for a total amount of Rs 50,000 crore to NABARD, SIDBI and National Housing Bank (NHB) to enable them to meet sectoral credit needs.

The government can issue recapitalisation bonds, or the RBI's huge reserves of over USD 127 can also be dipped into to help the state-owned bank's recapitalisation needs, it said.

The government can issue recapitalisation bonds, or the Reserve Bank of India's (RBI) huge reserves of over USD 127 can also be dipped into to help the state-run banks' recapitalisation needs, it said.

Kapoor, former MD and CEO of Yes Bank, was arrested by the ED on March 8 under the Prevention of Money Laundering Act (PMLA). He is accused of sanctioning loans to certain firms against kickbacks.

State-owned Indian Overseas Bank and Bank of Maharashtra on Wednesday announced a reduction in their marginal cost of funds based lending rate (MCLR). "Our Bank has revised the MCLR w.e.f 10.05.2020 until further review," Indian Overseas Bank said in a regulatory filing. The Chennai-headquartered lender said the MCLR for the benchmark one-year tenor loan has […]

This will lead to the share of retail and small business loans to grow to a level of 60 per cent in the next two years from the current 44 per cent, he said.

Analysts say that some of these accounts availing moratorium could very well have turned defaulters in the ordinary course of business, but the moratorium delays recognition by a few months.

In an interview with CNBC TV18, Kumar said the time is right to set up a structure, along the lines of a bad bank, given there are adequate provisions for existing non-performing assets (NPAs).

Banks are flush with liquidity, but they also have to look after the interest of depositors.

The bank has provided moratorium to around a third of its customers, RBL Bank MD & CEO Vishwavir Ahuja said in a conference call after results.