State Bank of India (SBI) has floated a one-time settlement scheme for borrowers defaulting on loans taken to buy tractors.

The country’s largest bank has also voiced reservations against the move to waive farm loans, saying this will affect the repayment culture in the country.

Coal India (CIL) may part with about 43 per cent of its cash reserves, effectively eroding the company’s net worth by 44 per cent, while paying out its interim dividend on Wednesday. The world’s largest coal miner would be stretching itself in a bid to implement Department of Investment and Public Asset Management (DIPAM) guidelines in the dividend payout.

While DIPAM guidelines, which CIL is implementing this year, mandate a minimum five per cent of its net worth or 30 per cent of its net profit be given out as dividend, the coal behemoth, according to company estimates, is expected to pay a Rs 16,600-crore interim dividend.

Reliance Communications today said it has received approvals from markets regulator SEBI and the stock exchanges for proposed demerger of its wireless business into Aircel Ltd.

"Reliance Communications has received approval of the Securities and Exchange Board of India (SEBI), BSE and NSE for the proposed scheme of arrangement for demerger of the wireless division of the company into Aircel Ltd and Dishnet Wireless Ltd," the company said in a regulatory filing.

Airtel has finally revealed what its Suprise offers are, by offering 30GB of free data. The Airtel Surprise offer is valid for a period of three months from March 13. The monthly limit for the offer is 10GB per month. The offer is valid only for postpaid users, and the subscribers will get 10GB of free data each month, which will total up to 30GB. The deadline for users to avail this offer is March 31.

State Bank of India (SBI), the country’s largest lender, on Tuesday, announced one-time settlement (OTS ) scheme worth Rs 6,000 crore for tractor loans. In a tweet, the bank said, “Special SBI OTS for tractor and farm mechanization loans 2016-17. Avail of benefits until March 31.” According to CNBC TV18, SBI said, “We are willing to take a haircut of 40 percent on outstanding tractor loans as of September 30, 2016.” It further said that “agriculture lending portfolio in Uttar Pradesh should not be less than Rs 10,000 crore to Rs 12,000 crore”.

A man was arrested on Tuesday for trying to deposit fake notes in the denomination of Rs 500 and Rs 2000 with ‘Children Bank of India’ written on them in Hyderabad.

According to reports, the accused has been identified as Yousuf Shaikh. He was arrested when he came to Malkajgiri branch​ of Allahabad bank to deposit cash.

China on Monday hoped the admission of India and Pakistan into the Beijing-led Shanghai Cooperation Organisation (SCO) security grouping will contribute to security and stability in the region.

Currently, all sides are going through relevant legal procedures in accordance with the Memorandum of Obligations signed at last year's SCO summit at Tashkent to admit India and Pakistan, Chinese Foreign Ministry spokesperson Hua Chunying told reporters in Beijing.

International SIM card and global calling card companies have caught the attention of telecom regulator Trai over instances of unsatisfactory service quality provided to consumers when they are travelling abroad.

Telecom Regulatory Authority of India (Trai), last week, called a meeting of eight-nine players and asked them to explain the reason for the poor service, which causes huge inconvenience to customers when they are abroad.

TVS Motor has launched its BS-IV compliant TVS Jupiter and added two new colours — Jade Green and Mystic Gold.

The refreshed scooter is now BS IV compliant, with Auto Headlamp On (AHO) and equipped with Sync Braking System (SBS), the feature, previously available on ZX range will now be available on the Base variant as well.

New Delhi, Mar 14 () In a boost to firms like Reliance Industries and ONGC, the oil ministry has moved a proposal to the Cabinet for allowing pricing freedom for natural gas produced from coal seams.

The ministry has proposed to the Cabinet that coal-bed methane (CBM) gas producers be given pricing freedom and allowed to price the fuel at market rates, sources privy to the development said.

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