Business

Moody's cited the massive Rs 2.1 lakh crore (USD 32 billion) recapitalisation plan for public sector banks as the main reason for the changes in the ratings.

Speaking at an event in New Delhi, President of industry body CII (Confederation of Indian Industry) Shobana Kamineni said if some best practices are followed across the country, India's position in the World Bank's 'ease of doing business' ranking will f...

Punjab National Bank (PNB), the second-biggest state lender, reported a better-than-expected second quarter profit on Friday of 5.61 billion rupees, with additions to bad loans 42 percent less than the first quarter.

The meeting assumes significance in the light of the recent government announcement of fund infusion in the public sector banks over a period of two years.

The choice marks the first time since Jimmy Carter’s administration in the 1970s that a president has failed to reappoint the Fed chair named by his predecessor.

Last week, the government unveiled an unprecedented Rs 2.11 lakh crore two-year road map for strengthening NPA-hit public sector banks, which includes re-capitalisation bonds, budgetary support, and equity dilution.

CaixaBank, Spain's third largest lender, ended down 2.74 percent at 3.84 euros while Sabadell, the country's fifth biggest bank which earns a bigger share of its profits in Catalonia, closed down 4.85 percent at 1.59 euros.

Amid intensifying efforts to fight the black money menace, the ministry has also urged the states to initiate disciplinary action against the officials concerned in case such transactions go through.

Here are 5 financial habits that will help in tracking as well as saving your funds, efficiently and effectively.

"We have a long view that more resources are needed for recapitalisation and from that sense, the plans put out is a positive step," said Andreas Bauer, senior resident representative for the Fund, at an event.

"The total revenue of GST paid under different heads (up to October 23, 2017) for the month of September 2017 is Rs 92,150 crore," finance ministry said in a statement.

Sources say efforts are on to bring all staff unions of Air India, including those of the pilots and engineers on one platform, and work out a strategy to deal with the situation arising out of the government's decision to offload its stake in the flag ca...

Earlier this year the government said it would sell its stake in the loss-making airline but it has yet to decide what to do with the carrier's debt burden of $8.5 billion.

The stock gained 1.71 percent to touch its one year high of Rs 891.70 on BSE. It, however, gave up its early gains and was trading 0.58 percent lower at Rs 871.60.

While the persistence of low productivity and potential growth in advanced economies (AEs) remains worrisome, growth in emerging markets and developing economies (EMDEs) is expected to recover going forward, Arun Jaitley said.

Stocks of Bharti Airtel zoomed 6.94 per cent to Rs 427.80 after the company announced that the consumer mobile business of (CMB) of Tata Teleservices Ltd and Tata Teleservices Maharashtra will merge with it in a cash-free, debt-free deal.