Search Results for: financial sectors

Is Rafale deal mother of all scams or an election chimera? Wait, facts can help you

If the role of an offset service contract is to provide only infrastructure back-up, why cannot DRAL be considered for Rafale deal? Only a handful of companies exist in India which have the capability to do so.

Sep 28, 2018

SBI expects 53% recovery from RBI's first list of 12 stressed accounts

"We have made adequate provisions for this and it will not impact the balance sheet. Our average provisioning for these cases will be around 55 per cent," said State Bank of India (SBI) Managing Director Dinesh Kumar Khara.

Sep 28, 2018

Facing cash-crunch, Pakistan government auctions eight buffaloes kept by ex-PM Sharif

Pakistan is staring at acute financial crisis with its currency falling by over 20% in the last seven months owing to balance of payment crisis. The last fiscal year ended with current account deficit of $18 billion, which is 5.7% of the GDP. The budget deficit has crossed Rs 2 lakh crore.

Sep 28, 2018

India will continue to buy oil from Tehran, says Iran's foreign minister

After China, India is the second largest importer of Iranian oil and it has reduced intake but is yet to decide whether to end purchasing oil completely after sanctions on oil export from Iran take hold on November 4.

Sep 28, 2018

Mumbai: Construction ban in city suspended by SC till October 23

The recent order by the Supreme Court has extended the six-month relief period, allowing the BMC to issue new construction permits till October 23.

Sep 27, 2018

Fresh trouble for Jet Airways employees as the airline defaults on salaries again

The beleaguered airline has requested 10 more days from its employees to clear the balance 25 per cent of the salary dues for the month of August.

Sep 27, 2018

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Indian mutual funds industry outpaces global growth by over 100%

The share of mutual funds in the capital markets through portfolio investment has spiked from 8.5 per cent in 2014 to 18.4 per cent in March.

Sep 27, 2018

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India's economy continues on robust growth path amid falling rupee, soaring fuel prices: ADB

Growth remains stable across most of developing Asia due to robust domestic demand, buoyant oil and gas prices and a consolidation of India's growth rebound, it said.

Sep 26, 2018

With an eye on faltering rupee, RBI to raise rates next week

The predicted rate hike would be the RBI's third this year, having lifted borrowing costs in June and August. The US Federal Reserve is forecast to raise rates this week - its third this year - according to a separate Reuters poll.

Sep 26, 2018

LIC, SBI to avoid India's 'Lehman moment'; may increase stakes in IL&FS

The idea of two publically-owned companies increasing their stake in IL&FS was muted on Tuesday at a meeting held under the chairmanship of Finance Minister Arun Jaitley

Sep 26, 2018

Yes Bank board asks RBI to extend Rana Kapoor's term as CEO till September 2019

After the RBI ordered that Rana's tenure will end on January 31 2019, Yes Bank's stock fell 39 per cent wiping out a staggering Rs 32,722 crore of the shareholder wealth since close on August 30.

Sep 26, 2018

Apple officially completes Shazam acquisition; on path to domination in music service

With the formalities complete, Apple's Shazam will have no more have ads on the music-recognition app.

Sep 26, 2018

Rs 5,000 crore bank fraud: All you need to know about fugitive Nitin Sandesara

CBI alleges that the company prepared false and fabricated documents and manipulated balance sheets to get loans which were diverted for personal use.

Sep 26, 2018

Wary finance ministry nudges RBI to tackle worsening credit crunch

Investors have been unnerved by credit concerns that have engulfed one of the biggest NBFC names in India - Infrastructure Leasing & Financial Services (IL&FS).

Sep 26, 2018

Need to trust banking system to drive India's economy, says finance minister Arun Jaitley

He noted that the perception regarding the health of PSBs had become more positive as banks had posted positive results in terms of resolution, recovery, provisioning and credit growth.

Sep 25, 2018

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Search Results for: financial sectors

Is Rafale deal mother of all scams or an election chimera? Wait, facts can help you

SBI expects 53% recovery from RBI's first list of 12 stressed accounts

Facing cash-crunch, Pakistan government auctions eight buffaloes kept by ex-PM Sharif

India will continue to buy oil from Tehran, says Iran's foreign minister

Mumbai: Construction ban in city suspended by SC till October 23

Fresh trouble for Jet Airways employees as the airline defaults on salaries again

Indian mutual funds industry outpaces global growth by over 100%

India's economy continues on robust growth path amid falling rupee, soaring fuel prices: ADB

With an eye on faltering rupee, RBI to raise rates next week

LIC, SBI to avoid India's 'Lehman moment'; may increase stakes in IL&FS

Yes Bank board asks RBI to extend Rana Kapoor's term as CEO till September 2019

Apple officially completes Shazam acquisition; on path to domination in music service

Rs 5,000 crore bank fraud: All you need to know about fugitive Nitin Sandesara

Wary finance ministry nudges RBI to tackle worsening credit crunch

Need to trust banking system to drive India's economy, says finance minister Arun Jaitley

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]