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SBI hikes MCLR by 5bps to 8.55% acrosstenures

Tuesday, December 11, 2018, 4:56 PM

State Bank of India (SBI) hiked its MCLR by 5 basis points (bps) across all tenures. The lender's one-year MCLR now stands at 8.55% while those for other tenures range between 8.55% and 8.75%. The move comes after HDFC Bank on Friday hiked its short-term MCLR by 5 bps to 8.40% 8.45% and 8.55% for the one-, three- and six-month tenures, respectively.
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Myanmar To Grant Visa-On-Arrival To Indian Tourists: President Kovind

Tuesday, December 11, 2018, 4:40 PM

To boost people-to-people relations with India, Myanmar will provide visa-on-arrival for Indian tourists, President Ram Nath Kovind said today as he began his five-day visit to the country. President Kovind's visit to Myanmar aims to continue India's high level engagements with Myanmar under the rubric of 'Act East Policy' and 'Neighbourhood First Policy'.

Zomato delivery boy takes a bite, video goes viral

Tuesday, December 11, 2018, 4:37 PM

A two-minute long video of a Zomato delivery person has gone viral on social media, which shows him eating food from two delivery boxes and repackaging them with tape. Responding to the video, Zomato said, "This is unfortunate and not in line with our beliefs." "We take this very seriously and will soon introduce tamper-proof tapes," Zomato added.

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