Free Press Journal
  • SBI cuts lending rate, 1st time in 10 months

    Mumbai : State Bank of India, the country’s top lender by assets, will cut marginal cost-based lending rates (MCLR) across maturities by 5 basis points, effective Wednesday, in what will be its first lending rate cut in 10 months. SBI, which accounts for more than a fifth of India’s banking assets, will lower the 1-year MCLR to 7.95 per cent from 8 per cent, according to a notification on Tuesday.

  • Clarification sought on IPO plans of 10 cos

    New Delhi : Markets regulator Sebi has sought clarifications from merchant bankers of 10 firms, including Lemon Tree Hotels and CMS Info Systems, regarding their proposed initial public offers (IPOs).

  • MTS merges with RCom

    Mumbai/Moscow : Reliance Communications (RCOM) on Tuesday said it has completed merger with Sistema Shyam Teleservices (SSTL) telecom business in India, which runs under the brand name MTS. “The Board of Directors of Reliance Communications, at its meeting held in Mumbai, took on record the demerger of Sistema Shyam Teleservices Ltd’s telecom business in India, run under the brand name MTS, with the company,” a RCom statement said.

  • Rupee likely to be around Rs 66/USD

    New Delhi : The rupee is expected to be around 66 per US dollar by the year end because of rising current account deficit and muted FPI equity inflows amid rich valuations in domestic stock markets, says a report.

  • IMF: Gulf states staring at worst growth phase

    New Delhi : The IMF on Tuesday advised energy-rich Gulf economies to speed up their diversification away from oil after projecting the worst growth for the region since the global financial crisis. Oil exporters in the Middle East, especially those in the Gulf Cooperation Council, have been hit hard by the collapse in crude prices which provided a major part of their finances.

  • Motor insurance to be costlier from November

    New Delhi : Motor insurance polices are likely to cost more from November as the Insurance Regulatory and Development Authority of India has hiked the agent commission on such products.

  • Subscribers’ base of EPFO erodes

    New Delhi : Retirement fund body EPFO has asked its field officers to initiate steps to increase number of contributing subscribers following drop in numbers at several regional offices.

  • After Jaipur, Bhopal civic body mulling playing anthem daily

    Bhopal: Taking a cue from the civic body of Jaipur, the Bhopal Municipal Corporation (BMC) too is considering playing the national anthem at the start of every day and the national song in the evening at its headquarters.

  • Fake news is working overtime against me: Donald Trump

    Washington: President Donald Trump today lashed out at the US media, saying “fake news” was working “overtime” to link him with the indictment of his former campaign manager who has been accused of concealing millions of dollars in payments from Russia-backed political parties.

  • WATCH: Akshay Kumar urges fans to not reveal spoilers for Ittefaq

    Akshay Kumar has had a terrific 2017 at the box office. The actor, who is currently busy shooting for Gold, has a special message for the fans. Time and again, the actor has supported some of his colleagues especially Sidharth Malhotra during his films.

  • Kin of missing captain of sunken ship meet Sushma Swaraj

    Mumbai: The family members of a Virar-based merchant navy officer, who along with other Indian crew members went missing after their cargo ship sank in the Pacific off the Philippines earlier this month, met External Affairs Minister Sushma Swaraj seeking her help to trace him.

  • Kannada film star Upendra unveils name of his new political outfit  

    Bengaluru: Kannada film star Upendra who had recently announced that he would foray into politics, today  unveiled the name of his outfit as ‘Karnataka Pragnyavanta Janata Paksha’ (KPJP) here. Upendra on August 12 had announced that he would launch a new political party in the state, where Assembly polls are due early next year.

  • Man claiming to be Mughal descendant lays claim over Ayodhya site

    Lucknow: A man claiming to be the descendant of Mughal emperor Bahadur Shah Zafar today staked claim over the disputed Ram Janmabhoomi-Babri Masjid site insisting that the demolished mosque belonged to Babur, therefore, he should be appointed the caretaker of the property.

  • Confirmed! Actor Ashmit Patel to marry Mahek Chahal in July 2018

    Actor Ashmit Parel is all set to marry his girlfriend Mahek Chahal. Yes the actor will tie the knot on July 18 and Mahek has confirmed this news to Currently the couples are staying together, Ashmit has moved in Mahek’s flat in Bandra, On the other hand, Ashmit’s flat is being readied by Mahek.

  • IS bomber kills five outside embassies in Kabul

    Kabul: At least five persons were killed and many others injured when an explosion ripped through Kabul’s heavily-fortified diplomatic area on Tuesday. The Islamic State claimed responsibility for the attack.