The financials of large private sector banks weakened further in FY18, but are better than those of their state-owned peers, 11 of which are under the central bank's prompt corrective action (PCA) framework.
This blog will keep track of breaking news and important developments through the day
Participating in the survey, 22 bankers suggested that extension of moratorium beyond 270 days should not be permitted.
As per the IBA data, the percentage of NPA to outstanding education loan rose from 7.3 percent in March 2016 to 7.67 percent in the following year and then jumped to 8.97 percent in March 2018.
Steam coal import was up 3.6 percent at 39.98 MT as compared to the same quarter of the previous year.
The workmen want to be absorbed into the rolls of LIC so that they get the benefits offered to permanent staff
"Going forward we have the potential of domestic steel demand growing at 10-11 percent for another three years consequently if nothing extraordinary happens. But in normal circumstances I would expect that," Joint Plant Committee(JPC) Chief Economist A S Firoz told PTI.
State-run SAIL, Rashtriya Ispat Nigam Ltd (RINL), Tata Steel, Essar Steel, JSW Steel and Jindal Steel and Power Ltd (JSPL) together produced 5.23 MT during July. This was 9.48 percent more compared to 4.78 MT the six players had produced in July 2017.
Pharma exports fetched USD 17.27 billion in the previous fiscal and this year it was expected to be between USD 19 billion and USD 20 billion, Pharmaceuticals Export Promotion Council (Pharmexcil), Director General Uday Bhaskar said.
The department has also introduced an RFID-based system for real time tracking of containers to help logistics companies locate the position of the consignment at any given time.
A veteran in HDFC Bank, Sukthankar was touted to be the natural successor to Aditya Puri, whose term ends in 2020
PM Modi said that skill-based courses in segments like engineering is the need of the hour
At a function here where Deputy Chief Minister Sushil Kumar Modi and Power minister Vijendra Prasad Yadav were also present, Kumar inaugurated, laid foundation stones for or dedicated to the public power projects worth Rs 7522.28 crore.
An IPO is the next logical process to unlock real capital, if the insurer has a strong set of financials
This blog will keep track of breaking news and important developments through the day.
Insurers have raised concerns on putting the onus on checking the PUC certificate, the validity of which is only six months
However, suspected currency market intervention by the Reserve Bank of India through state-run banks largely helped the local unit to cut short early steep losses.
The Jet management has to take tough calls, and soon, to restore credibility. Investors will respect that rather than the chairman’s feelings of guilt and embarrassment.
Responding to supplementaries during the Question Hour, Corporate Affairs Minister Piyush Goyal said the government does not "micro manage" CSR activities.
The Office for National Statistics said Friday that gross domestic product expanded by a quarterly 0.4 percent in the three months through June, compared with 0.2 percent in the previous quarter.
Growth was driven by a pick up in capital goods manufacturing, which contributes 78 percent to the index, ahead of festive season.
Why can’t the government benchmark farmer incomes as a percentage of market prices? Why can’t the Verghese Kurien formula be extended to all crops?
Pravir Pandey said that the tender process for the hubs at Varanasi and Sahibganj will be considered this year, while the tender for the hub at Haldia will be done in the next financial year
The rupee fell to as low as 69.03 to the dollar, its lowest since July 24, before trimming some of its losses to trade at 68.95.
The South Asian nation, which imports up to 80 percent of its oil needs, plans to invest 100 billion rupees and would build 12 biofuel refineries, Modi said.