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.

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.

Why a mutual fund is ideal for a first-time equity investor
Why a mutual fund is ideal for a first-time equity investor

If you are new to stock market, then it is advisable not to invest without knowledge. Stock market is not a gamble, it is a business.

Family Planning 2020: How focus shifted from population control to reproductive health, rights
Family Planning 2020: How focus shifted from population control to reproductive health, rights

Contraception is a tool that could impact family health, accelerate women’s empowerment, improve education, enhance economic productivity and let India reap the benefits of its demographic dividend.

Mangoes provide sweet boost for India's agricultural exports
Mangoes provide sweet boost for India's agricultural exports

In a boost to agricultural exports, India has commenced shipments of juicy varieties of mangoes such as Kesar, Alphonso and Banganapalle to South Korea and Japan, considered high-value markets.

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