According to a recent report, the country's largest lender State Bank of India accounts for over 27 percent of the total amount owed to public sector banks by wilful defaulters. As many as 1,762 wilful defaulters owed Rs 25,104 crore to State Bank of India as on March 31, putting pressure on its balance sheet. Punjab National Bank (PNB) is next on the list with 1,120 wilful defaulters having outstanding non-performing assets (NPAs) or bad loans of Rs 12,278 crore. Together these two banks account...

The implementation of Goods and Services Tax (GST) will enable brand licensing industry to grow in India and also allow retail industry to start respecting intellectual property rights, an official said on Sunday."Modern retail would unlock itself because of GST. The new tax system will provide level playing field for all the players. We will start respecting lot of intellectual property rights (IPs) now and it will boost the brand licensing business " License India's Chairman Gaurav Marya said on...

Arsenal F.C. chief coach Arene Wenger has blamed the referee's decision of ruling striker Alexandre Lacazette off-side in his 72nd-minute goal for their 0-1 defeat against Stoke City in an English Premier League (EPL) football game here."I think we were unlucky with some decisions from the referee because we scored a regular goal," the London club coach was quoted as saying by Fox Sports on Saturday.Further talking about the decision, Wenger explained: "Cent per cent it was onside, I just watched...

Tata Motors on Sunday launched the mid-end variant of its hatchback Tiago model priced at Rs 4.79 lakh incorporating the new automated manual transmission (AMT) technology, the introduction of which earlier in the high-end variant has been well received, the company said."To ensure better customer accessibility to AMT, Tata Motors has now introduced a new AMT variant XTA at just RS 4.79 lakh," the company said in a statement here. "To cater to the increased demand for AMT, we introduce the attractively...

Saif Ali Khan's daughter, Sara Ali Khan is all ready to make her acting debut opposite Dhoni fame Sushant Singh Rajput with Abhishek Kapoor's directorial 'Kedarnath'. The film's digital poster was recently released and has received mixed response so far. Kedarnath's producer, Prerna Arora while talking about the film said, "This is visually going to be a different film, something that India has not seen before. We will have the backdrop of Kedarnath, the temple, the mountains, the scenery. It is...

Flaunting the impact of demonetisation, Finance Minister Arun Jaitley on Sunday said that the government's action has left Maoists in several parts of the India and separatists in Jammu and Kashmir "fund starved". He said it greatly reduced the number of protesters taking part in stone-pelting in the militancy-hit state. “Stone pelters used to gather in thousands on the streets of Kashmir before demonetisation was announced, but now not even 25 come together for such agitations," he said. "After...