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Government to amend banking laws to facilitate privatisation of two PSU banks

To facilitate privatisation of two public sector banks (PSBs), the government is all set to introduce a banking laws amendment bill in the upcoming Winter Session starting Monday. Finance Minister Nirmala Sitharaman while presenting Budget 2021-22 earlier this year had announced the privatisation of PSBs as part of disinvestment

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Bajaj Allianz General 4th insurer to offer drone cover

Indicating the growing significance of drones in both industrial as well as commercial uses, Bajaj Allianz General Insurance has also announced insurance cover for the machines, becoming the fourth general insurer to do so. The Pune-based company on Thursday that it is offering this product in distribution partnership with

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Shares of Chinese real estate developer Kaisa pop 20% after debt restructuring plan

Kaisa Group Holdings Ltd.'s City Plaza development under construction in Shanghai, China, on Tuesday, Nov. 16, 2021.Qilai Shen | Bloomberg | Getty ImagesBEIJING — Chinese real estate developer Kaisa announced Thursday plans for paying back investors, temporarily alleviating concerns about a default as China's property sector continues to face

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Baidu kicks off its robotaxi business, after getting the OK to charge fees in Beijing

BEIJING — Baidu can start collecting robotaxi fares in a part of Beijing from Thursday, the Chinese tech giant told CNBC this week, marking a major step toward building its driverless taxi business.The regulatory approval to support robotaxis in China comes as local governments in the U.S. have been

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