Dismissing media reports as rumours, telecom major Bharat Sanchar Nigam Limited (BSNL) Tamil Nadu Circle on Tuesday said there is no proposal to close down the company.

In a statement issued here, the company said: "There is no proposal to close down BSNL as wrongly reported in a section of the press.

New Delhi: Unclaimed deposits in the banking system have witnessed a jump of 26.8 per cent to ₹14,578 crore in 2018, Parliament was informed on Monday.

The unclaimed deposits rose to ₹11,494 crore in 2017 from ₹8,928 crore in 2016, Finance Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

New Delhi: Popular e-ticketing website, RailYatri, has now been authorised by the IRCTC to continue its ticket booking services, months after the Delhi High Court termed the services "unauthorised".

The court had in April this year ruled that the businesses and operation of the website and mobile application RailYatri were unauthorised and impermissible after IRCTC filed a complaint with Deputy Commissioner of Police,

The Singapore High Court has ordered freezing of bank deposits worth ₹ 44.41 crore, kept in that country by Punjab National Bank (PNB) fraud accused Nirav Modi’s sister and brother-in-law, as part of a money laundering probe in India, the ED said on Tuesday.

State-owned Oil and Natural Gas Corp (ONGC) has discovered over 230 million tonnes of in-place oil reserves in the last three years, Petroleum Minister Dharmendra Pradhan said Monday. In a written reply to a question in the Lok Sabha, he said India’s top oil and gas producer ONGC as on April 1, 2019, has in place oil reserves of 459.84 million tonnes.

These reserves are spread over 16 assets it currently extracts oil from, he said.

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a choppy note Tuesday, tracking weak cues from global equities amid concerns of a global economic slowdown.

The 30-share index was trading 23.52 points, or 0.06 per cent, higher at 39,710.02 at 0930 hours. Similarly, the broader Nifty was quoting 8.70 points, or 0.07 per cent, up at 11,874.30.

Washington: US president Donald Trump warned Monday that Iran is “playing with fire” after Tehran said it exceeded a limit on enriched uranium reserves under a 2015 nuclear deal abandoned by Washington.

Israel urged European states to sanction Iran, while Russia voiced regret but said the move was a consequence of US pressure, which has pushed the deal towards collapse.

ICICI Bank, Punjab National Bank and Central Bank of India on Monday cut their marginal cost of funds-based lending rates (MCLRs) across tenures for the first time after the Reserve Bank of India (RBI) lowered the repo rate by 25 bps to 5.75% in June.

ICICI Bank, the country’s second largest private bank by assets, cut its one-year MCLR — the benchmark for most customer loans — by 10 bps to 8.65%. While the MCLR for shorter periods now stands at 8.60% for six months, 8.45% for three months, 8.40% for one month and overnight lending.

Digital payments system Paytm on Monday said it aimed to achieve 2 billion quarterly transactions this year. The company revealed that it had been witnessing impressive month-on-month growth across all payment-use cases available on its platform.

The company, which recently announced shifting its cash back focus from P2P (peer-to-peer) UPI transactions to offline merchant payments at retail kirana stores, is now expanding its footprint in Tier-VI and Tier-V towns. It is keen on acquiring news users, who still are relying on cash transactions.

As the seasonal monsoons made a striking entry into Maharashtra, it also handed out its share of woes for the citizens. Work life in the sprawling metropolis of Mumbai took a hit following the incessant rainfall since the last two days, as road and railway traffic remained jammed with water choking the tracks.

However, in what comes as a repeated case of disaster due to shoddy construction, at least 27 people have died in three separate incidents of a wall collapse in Maharashtra.

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