In a move to instil discipline among large borrowers with working capital facility, the Reserve Bank of India has mooted a proposal that at least 40 per cent of the sanctioned limit should be a term loan component.

For borrowers with an aggregate fund-based working capital limit of Rs 1.5 billion and above from the banking system, a minimum level of ‘loan component’ of 40 per cent shall be effective from October 1, 2018, the RBI said in draft norms placed on its website.

A South Korean cryptocurrency exchange has said hackers have stolen about one-third of the coins traded on its market, an announcement that sent bitcoin prices tumbling to a two-month low.

Coinrail yesterday said hackers stole cryptocurrencies over the weekend including Pundi X, Aston and NPER.

New Delhi, Jun 11 () Hyundai Motor India Ltd (HMIL) today said it has crossed 8 million cumulative production milestone since its inception nearly 20 years ago.

The company achieved the landmark with the rolling out of a unit of its newly refreshed SUV Creta, HMIL said in a statement.

Microsoft has said it is working on a new Cloud gaming service as it showcased its commitment to invest in gaming and announced studio acquisitions, tons of new games and new Xbox consoles. The announcement was made by Microsoft ahead of the Electronic Entertainment Expo (E3) 2018, the world’s leading video game show, that is scheduled to held at the Los Angeles Convention Centre from June 12-14.

India’s second-largest IT company Infosys on Monday announced the voluntary delisting of Infosys ADSs (American Depository Shares) from Euronext Paris and Euronext London following the lower average trading volume on the respective stock exchanges. “Infosys Ltd (“Infosys”) (NYSE: INFY) (Euronext Paris and Euronext London: INFY)

The largest iceberg ever recorded, that broke away from Antarctica's Ross Ice Shelf 18 years ago, could be nearing the end of its voyage, according to NASA.

When iceberg B-15 first broke away in March 2000, it measured about 296 kilometres long and 37 kilometres wide. B-15 has since fractured into numerous smaller bergs, and most have melted away.

More than 1,300 fresh foreign portfolio investors (FPIs) were registered with Sebi in 2017-18 on continued interest in the Indian capital markets, as per the regulator's data.

In comparison, close to 3,500 new FPIs were registered with Securities and Exchange Board of India (Sebi) in the preceding financial year.

State-owned Coal India's output increased by 105 million tonnes (MT) in the last four years to reach 567 MT in 2017-18, Union Minister Piyush Goyal said on Monday.

The remarks come at a time when the country is facing coal shortages.

The country’s largest lender SBI will conduct auction of 12 non-performing accounts (NPAs) later this month to recover dues of over Rs 1,325 crore.

The e-auction of these accounts will take place on June 25, according to an SBI notice.

Chennai: After tasting success with its fintech accelerator, Yes Bank is now set to launch multi sector accelerator program.

YES SCALE will offer a 15 week program for startups in the areas of smart city, clean tech, Agritech, Lifesciences tech and education tech.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.