Business
Bankers Race to Resolve Rs 3.8 Trillion Bad Loans as RBI Deadline Ends Tomorrow
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days. The circular came into effect on March 1 and the 180-day deadline concludes on August 27.
Rupee Fall No Macro Worry, was Long Overdue, Says Panagariya
Replying to a question, the former Niti Aayog vice chairman said that he expects India's growth rate to cross the 8 per cent mark by the third or fourth quarter of fiscal 2018-19
Fraud-hit PNB Ranked Best Public Sector Bank for Digital Transactions
According to the PNB statement, the report card on the banking sector's performance in digital transactions as on July 31, 2018 was prepared by the Ministry of Finance.
Deluge May Cull Kerala Economy by 100 BPS: Report
According to a report by Care Ratings, the rain-battered state's GDP is expected to fall to 6.5-7 per cent from the budgeted 7.6 per cent this fiscal year.
PepsiCo Puts Fizz Into Healthy Drinks With $3.2 Billion SodaStream Deal
The deal announced on Monday may be the last for PepsiCo Chief Executive Indra Nooyi, who will hand over to Ramon Laguarta later this year.
EPFO Payroll Data: 47 Lakh Jobs Created in 10 Months Till June
The data is provisional as updation of employees records is a continuous process and gets updated in subsequent months, the EPFO said in a statement.
Crude Shipments to BPCL Refinery Delayed Due to Heavy Rains, Say Sources
Three vessels, including two very large crude oil carriers (VLCC) and one Suezmax, carrying more than 2 million barrels of crude oil, have been waiting to unload the oil for 5 to 12 days, shipping data on Thomson Reuters Eikon showed.
88 Per Cent Rural Households Have Savings Account: Nabard Survey
The survey is a pioneering attempt to bring together financial inclusion and rural livelihood aspects, National Bank for Agriculture And Rural Development (Nabard) Chairman H K Bhanwala said.
Sun Pharma Receives USFDA Nod Ophthalmic Solution Used to Treat Dry Eye Disease
Dry Eye Disease represents an area of high unmet medical need, with a significant number of patients who are currently untreated, Abhay Gandhi, CEO, North America, Sun Pharma.
RBI Says Kotak Stake Dilution Does Not Meet its Norms
It can be noted that on August 2, Kotak had sold a part of his stake in the lender and bringing down his personal holding to under 20 per cent by issuing perpetual non-cumulative preference shares (PNCPS).
Under Fire Naresh Goyal Briefs Aviation Secretary on Jet Airways’ Woes
Naresh Goyal had l told his shareholders that he's embarrassed and guilty of their losses, later left for London amidst the airlines' plans to raise funds to come out of the financial airpocket.
NCLAT Reserves Order Over Cyrus Mistry's Plea on Tata Sons
A two-member bench headed by Chairperson Justice S J Mukhopadhaya said it would pass an interim order over the conversion and decide the case on merits at later stage.
Allahabad Bank Posts Q1 Net Loss of Rs 1,944 Crore
The bank had registered a net profit of Rs 28.84 crore in the corresponding April-June period of 2017-18.
Rupee Recovers from Life Low, Up 23 Paise
On Monday, the rupee had plunged by Rs 1.08, or 1.57 per cent, to a record low of 69.91 against the US currency amid fears that Turkish currency turmoil could turn out into global financial crisis.
NCLAT Upholds Bhushan Steel Sale to Tata Steel, Rejects Issues Over Its Ineligibility
On May 15 the National Company Law Tribunal (NCLT) had approved Tata Steel's bid for Bhushan Steel and this was challenged by Neeraj Singal and L&T before NCLAT.
Panel for Call Interception Power to Sebi; Relatives to be Held Accountable For Info Leak
The recommendations assume significance in the wake of several high-profile cases being probed by Sebi and other agencies where relatives of senior executives, as also various employees, at listed companies have come under scanner.
