NPA crisis: Another year of woes in offing as ageing bad loans drag down banks' profits

NPA crisis: Another year of woes in offing as ageing bad loans drag down banks' profits

With more non-performing assets (NPAs) ‘ageing’, and consequently requiring more provisions, banks’ profits could continue to be under pressure for another year.

PM Narendra Modi's Ujjwala Yojana makes rapid progress; here's what you really must know
PM Narendra Modi's Ujjwala Yojana makes rapid progress; here's what you really must know

Prime Minister Narendra Modi launched the Pradhan Mantri Ujjwala Yojana (PMUY) under the ministry of petroleum & natural gas on May 1, 2016, from Uttar Pradesh’s Ballia district.

Uber price discrimination: Just a smart way of using internet services
Uber price discrimination: Just a smart way of using internet services

Willingness to pay is what constitutes one of the basic tenets of economic theory. It is what defines the consumer surplus and ultimately the derivation of demand and supply curves for industry.

HRA exemption: Can deduction be claimed if rent paid to parent? Find out here
HRA exemption: Can deduction be claimed if rent paid to parent? Find out here

As per the provisions of Income-tax Act, 1961, HRA exemption can be claimed only if the rent is actually paid for the accommodation occupied by you and you should not be the owner/partial owner of the property.

Nubia M2 Lite priced at Rs 13,999; stylish phone, takes photos others will struggle with
Nubia M2 Lite priced at Rs 13,999; stylish phone, takes photos others will struggle with

Nubia has been bringing in some very interesting phones into the Indian market of late. However, in the noise-filled smartphone segment it has not really been able to make its voice heard.

India Inc earnings season: Growth in revenues muted, profits under pressure
India Inc earnings season: Growth in revenues muted, profits under pressure

With barely a handful of companies surprising the Street, the March quarter earnings season has been a big disappointment.

How did Tamil Nadu grow into one of India's most developed states? Find out here
How did Tamil Nadu grow into one of India's most developed states? Find out here

This year is a landmark year at many levels for Tamil Nadu, for both its history and politics. It is the 101st year of the founding of the Justice Party which was supposed to change Tamil Nadu totally.

TECHNOLOGY

Apple opens first official store in South East Asia
Apple opens first official store in South East Asia

Merchandise such as the iPhone and MacBook were strategically placed on display across the spacious first floor, while the upper level acted as a classroom for customers to participate in hands-on sessions. Hundreds of shoppers camped out in anticipation of the launch, while more than a thousand thronged the store soon after the doors opened.

Horoscope: By Peter Vidal

Today ( 29 May )This Week ( 28 May - 03 Jun )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more