Powell, quizzed by Dallas Federal Reserve President Robert Kaplan in an hour-long conversation, was not asked directly about possible further rate increases, but said nothing to counter the expectation that the Fed will raise rates again when it meets in December.
ING Group plans to sell its stake through block deals in the secondary market this wee
Trump is expected to meet Chinese President Xi Jinping on the sidelines of a G20 summit in Argentina at the end of November and in early December.
The company has signed a Share Purchase Agreement (SPA) with a consortium of lenders led by State Bank of India (SBI) to acquire 75.01 percent stake in PPGCL, which owns and operates a 1,980 MW supercritical power plant in Uttar Pradesh.
The consistent rise in raw material prices such as steel has come as a double whammy for auto makers who are staring at poor operating margins
A bank official said several farmers were reluctant in repaying their crop loans and it has become one of the reasons in the rise in NPA level under farm sector.
The new incentive is applicable in Mumbai to begin with, Uber India said in a statement on Wednesday.
The deal, Walmart’s biggest yet, was aimed at staking a claim in the still-nascent but potentially super lucrative Indian market.
US gold futures were flat 0.1 percent at $1,203 per ounce.
Brent crude settled up 65 cents, or 1 percent, at $66.12 a barrel, after hitting a session high of $67.63.
The government-owned bank, which is under the RBI’s prompt corrective action (PCA) framework, hopes that fresh capital from LIC will hasten the process of cleaning up the bank’s books.
Dena Bank has also set an internal target to bring down its NPA by Rs 6,000 crore by March to strengthen its books prior to the amalgamation.
If the plan is implemented, the national carrier will be left with debt of about Rs 26,000 crore, mostly on account of aircraft loans.
This base issue of the second tranche is Rs 250 crore, with an option to retain oversubscription up to Rs 1,000 crore, the company said in a release.
Nearly half of the overall Rs 6,000-crore loan book is in the seven worst affected districts, and is leading to the stress, data collated by credit information firm Crif Highmark said in a report.
His exit could be the outcome of the likely conflict of interest over his multiple roles as NSE Chairman and the board member of other companies such as Yes Bank and Jet Airways.
The company continued to face the impact of tariff war, with customers moving to low-cost plans.
The proposed move helps Apollo to become compliant with the the prescribed foreign direct investment (FDI) limits and further grow the pharmacy retail business.
In October, Suresh Rangarajan was sent on leave by Tata Motors after allegations of misconduct
The Group, which has grown at a CAGR of 22 percent over the past five years, is also planning to enter new geographies and expects to grow at 20-22 percent over the next two years.
According to sources, various heads at the e-commerce giant have been engaging with their teams to answer any queries and address concerns related to business and operations after Bansal's exit.
Currently, Sundaram Finance holds 75.90 percent in Royal Sundaram and proposes to divest 25.90 percent, thereby retaining 50 percent of its holding post the divestment.
The hikes are effective from November 15.
At present, no reinsurance support has been given under the scheme and discussions are still underway.
Mutual funds attributed the increased interest in SIPs to investor education and matured behavior of investors