The 12 defaulters accounting for 25 per cent of total bad debt include Essar Steel, Bhusan Power and Steel, Alok Industries, Amtek Auto, Monnet Ispat, Lanco Infra, Electrosteel Steels, Era Infra, Jaypee Infratech, ABG Shipyard, and Jyoti Structures
Vistara today launched ‘The Great Monsoon Sale’ that offers all-inclusive fares starting INR 849 in Economy Class and INR 2099 in Premium Economy.
In his new role Amit Sinha, as the Chief Operating Officer, will be responsible for overall operations of Paytm Mall
Finance Minister Arun Jaitley on Monday said that the states which are keen on farm loan waiver “must generate funds from their own resources”
The Monetary Policy Committee, headed by RBI Governor Urjit Patel, today decided to keep the key policy rates unchanged, while marginally slashing its growth projection for the current fiscal
China is understood to have surplus capacity in steel which it wants to dump in India
Describing it as an unprecedented moment in the country's history, Modi said the creation of the one-nation, one-market and one-tax system would greatly benefit the common man.
The RBI is likely to maintain status quo at its monetary policy review on Wednesday as it would like to gauge the impact of GST rollout on inflation, experts say.
Bharti Airtel has received the approval of the Securities and Exchange Board of India (SEBI), BSE and National Stock Exchange of India Limited (NSE) for the proposed merger with Telenor (India), a company statement said here on Thursday.
Share markets opened on a flat note while bonds gained slightly despite the weaker-than-expected economic growth data released by the government, with investors still betting that conditions in the Indian economy will improve.
The benchmark BSE Sensex ended flat on Wednesday after hitting a record high earlier as caution set in ahead of gross domestic product (GDP) data later in the day, but still posted a 4.1 percent gain for May, its best monthly performance in a year.
The key Indian equity indices closed at new highs yet again on Tuesday as sentiments remained upbeat on hopes of timely arrival of monsoon rains, and healthy buying was witnesses in healthcare, banking and automobile stocks.
India’s GDP growth for 2016-17 will get a 50 basis points push to 7.6 per cent following the recent revision in the base year for the Wholesale Price Index (WPI) and the Index of Industrial Production (IIP), former Chief Statistician Pronab Sen said
To answer the large number of industry queries related to the Good and Service Tax (GST), which is proposed to be implemented from July 1, the Union Government has started a new Twitter handle.
Prime Minister Narendra Modi today launched the agro-marine processing scheme SAMPADA to promote food processing and promised to make the North-East the economic hub of "new India"
Buoyed by positive global cues, the benchmark Bombay Stock Exchange index touched a new high today with the Sensex rising by 448 points to reach 30,750.03 points. The Nifty too jumped 140 points to close at 9,501.75
Union IT minister Ravi Shankar Prasad has categorically brushed aside fears of a downturn in the technology sector, saying the digital economy will touch $1 trillion (Rs 600 lakh crore approx.) in the next five to seven years.
Two weeks after amendments were brought to the Banking Regulation Act 1949 , the Reserve Bank of India (RBI) on Monday outlined the broad contours of an action-plan to resolve the Rs. 9.7 lakh crore bad debt
Four tax rates of 5, 12, 18 and 28 per cent will apply on services including telecom, insurance, hotels and restaurants under the biggest tax reform since Independence
India’s largest bank State Bank of India reported a net profit of Rs. 2814 crore in its fourth quarter ended March, 2017, while its bad loans also fell to 6.9 per cent compared to 7.23 per cent in December 2016.
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