Debasis Mohapatra

Articles by Debasis Mohapatra

Email : editor@ibtimes.co.in

HDFC sells Rs 869 crore Unitech loan to asset reconstruction firm

In a regulatory filing, the housing finance firm said Unitech was facing cashflow problem, resulting in defaults in repayment.

Nov 19, 2016

Trucks lined up to collect iron ore in the south of India

Price revival of iron ore not in sight

With production rising and no sight of pickup in steel demand, price of the ore is unlikely to revive in the near-term.

Nov 18, 2016

Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC likely to improve market share by end of this fiscal

With 31 percent rise in premium collections in April-October period, LIC is likely to surpass last fiscal's growth figures.

Nov 18, 2016

TCS to convene EGM next month to remove Cyrus Mistry as director

Last week, Tata Sons had replaced Cyrus Mistry with Ishaat Hussain as the chairman of TCS.

Nov 18, 2016

Rupee dives deep to touch 68 mark on US Fed statement

US Federal Reserve chairman Janet Yellen believes the economic indicators justify a rate hike 'relatively soon.'

Nov 18, 2016

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Global reinsurers likely to begin Indian operations soon

Insurance regulator IRDA has asked five global insurers along with one Indian private insurer to bring in capital before giving its final nod for starting Indian operations.

Nov 17, 2016

Tata Steel's debt declines marginally in July-September quarter

However, analysts say the company may not be able to pare debt aggressively due to falling operating income.

Nov 17, 2016

SBI Life Insurance posts 5% rise in net profit at Rs 428 crore in H1 of FY17

Currently, India's life insurance market is dominated by public sector life insurer Life Insurance Corporation of India (LIC) with around 48 percent market share.

Nov 17, 2016

This is demonisation of cash, not demonetisation: Chidambaram

No big economy has taken up demonetisation in last 50 years, the former finance minister said in a media interview.

Nov 17, 2016

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Sensex opens flat, Tata Motors top gainer in early morning trade

Moody's affirmation on India's sovereign rating without an upgrade, coupled with continuing liquidity crunch in the domestic market, weighed on market sentiments.

Nov 17, 2016

Mutual fund industry clocks 3% rise in AUM in October on higher inflows

Apart from income funds, equity funds and equity-linked savings scheme (ELSS) also saw good inflows in October.

Nov 16, 2016

SBI writes off Kingfisher Airlines' loans from balance sheet; transfers loan to another account

This write-off will allow the public sector lender to take out the loan from the balance sheet with an option to pursue recovery from the promoter.

Nov 16, 2016

Don't see bad loans rising in current fiscal: Bank of Baroda

The public sector lender plans to recalibrate all its ATMs by November 25 for dispensing new Rs 500 and Rs 2,000 notes.

Nov 16, 2016

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Banks are major beneficiaries of PM Modi's demonetisation drive: IDFC

Consumers-facing businesses like auto and consumer durables will feel the heat in the near-term.

Nov 16, 2016

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Sensex posts early gains on low inflation, weak dollar

Easing retail inflation has raised hopes of further monetary easing by the Reserve Bank of India in coming days.

Nov 16, 2016

Premium collection of general insurers jumps 32% on healthy motor insurance growth

The rise in gross written premium collections during April-October period for private sector firms was higher than the public sector firms.

Nov 15, 2016

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Demonetisation: Jewellers, farmers, Jan Dhan accounts under scanner

Income tax authorities and other agencies are keeping a tab on jewellery stores, farmers and unusually high deposits in Jan Dhan accounts.

Nov 15, 2016

Bajaj Finance sees near-term blip in credit growth

Demonetisation of high-value currencies by India is likely to drag many NBFCs' balance sheet.

Nov 15, 2016

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Sensex continues losing streak, down 1%

Key market indices remained under a bearish grip, taking global cues as a strengthening dollar pulled down most Asian markets.

Nov 15, 2016

Demonetisation: Temples getting richer, thanks to Modi govt banning Rs 500, Rs 1,000 currency notes

People are donating old Rs 500 and 1,000 notes to temple hundis as India takes demonetisation route to fight black money.

Nov 14, 2016

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Articles by Debasis Mohapatra

HDFC sells Rs 869 crore Unitech loan to asset reconstruction firm

Price revival of iron ore not in sight

LIC likely to improve market share by end of this fiscal

TCS to convene EGM next month to remove Cyrus Mistry as director

Rupee dives deep to touch 68 mark on US Fed statement

Global reinsurers likely to begin Indian operations soon

Tata Steel's debt declines marginally in July-September quarter

SBI Life Insurance posts 5% rise in net profit at Rs 428 crore in H1 of FY17

This is demonisation of cash, not demonetisation: Chidambaram

Sensex opens flat, Tata Motors top gainer in early morning trade

Mutual fund industry clocks 3% rise in AUM in October on higher inflows

SBI writes off Kingfisher Airlines' loans from balance sheet; transfers loan to another account

Don't see bad loans rising in current fiscal: Bank of Baroda

Banks are major beneficiaries of PM Modi's demonetisation drive: IDFC

Sensex posts early gains on low inflation, weak dollar

Premium collection of general insurers jumps 32% on healthy motor insurance growth

Demonetisation: Jewellers, farmers, Jan Dhan accounts under scanner

Bajaj Finance sees near-term blip in credit growth

Sensex continues losing streak, down 1%

Demonetisation: Temples getting richer, thanks to Modi govt banning Rs 500, Rs 1,000 currency notes

Ranveer Singh touches Sanjay Leela Bhansali's feet; Sara Ali Khan, Aditi Rao Hydari radiate in ethnic outfits at reception

Omar lambasts "arrogant" Congress after BJP's historic victory; Mehbooba reacts [details]

BJP leads in 53 seats, crosses majority mark in Chhattisgarh

Ranbir Kapoor's fans burst crackers inside theatres during Animal screening; fans say 'low budget Salman Khan' fans'