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.

NEW DELHI: Finance Minister Arun Jaitley today took additional charge of the Defence Ministry, a dual position he had held for around six months in 2014.

Jaitley was given the charge of the Defence Ministry yesterday after Manohar Parrikar stepped down from the position to go back to Goa to become its Chief Minister.

Calcutta, March 13: The Tea Board has appointed ICICI Bank as the new settlement banker for holding pan-India auctions after a search for nearly four months.

"We have selected ICICI Bank as the settlement banker for the e-auctions from a total of five bankers and it is currently working with NSE.IT to align the software," Santosh Sarangi, chairman of the Tea Board, told The Telegraph.

Mumbai: The Indian rupee on Tuesday hit an 11-month high against the US dollar as local equity markets surged over 520 points after Bharatiya Janata Party’s (BJP) landslide victory in Uttar Pradesh.

At 2.12pm, the home currency was trading at 66.16, up 0.68% from its previous close of 66.61. The rupee opened at 66.21 a dollar and touched a high of 66.14, a level last seen on 20 April 2016.

As Coal India Ltd (CIL) gears up for investment roadshows in overseas markets including Hong Kong and Singapore beginning tomorrow, the public sector major has suffered a major embarrassment due to a faux pas over the share buyback programme by its subsidiaries.

While valuation exercises for the shares of three of its mining subsidiaries were found to be erroneous, that swelled the value of each shares many times more, another of its subsidiary, Central Coalfields, has refused to execute the buyback of its shares.

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