State Bank of India (SBI) on Friday put on sale loans worth `1,935.62 crore to 24 different entities. It has sought bids for these from asset reconstruction companies (ARCs) on cash basis or a mix of cash and security receipts (SRs), according to a sale document.
Life Insurance Corporation of India (LIC), the country’s largest insurer and the biggest life insurer, has invested `70,000 crore in equities till the end of the third quarter ended December 31, 2017, and it plans to invest another `10,000 crore before the end of the financial year.
Dhanuka Agritech’s (DAL) Q3FY18 revenue at `2.2 billion (up 5% YoY; 7% volume growth) came 5% below estimate as low crop prices, erratic monsoon and GST impacted performance.
Jaipur-based infrastructure construction, development and management company, HG Infra Engineering is planning to raise `462 crore through an initial public offer (IPO). The price band for its public offer has been set at `260-270.
Glenmark’s Q3FY18 operating performance was lower than our estimates. Net revenues at `22 bn were down 13% y-o-y, 0.8% lower than our expectations.
We visited Jindal Steel and Power (JSP)’s Angul, Raigarh and Tamnar facilities. Crude steel production at Angul is gathering pace.
Although volatile & wider vs expectation, trends broadly reflect a strengthening core profitability, peak stress but elevated provision needs.
Two months ahead of assembly elections, Karnataka chief minister Siddaramaiah presented the budget for 2018-19, rolling out sops such as free LPG connections and a universal healthcare plan.
The Yogi Adityanath government on Friday tabled a `4.28-lakh-crore budget for FY19 — 11.4% higher from last year’s — that primarily focuses on infrastructure.
The pace of building highways picked up and touched 21.46 km a day in the April-January period of 2017-18 compared with 18.30 km per day in the same period last fiscal.
Under relentless attack from a united Opposition over the Rs 11,400-crore fraud at Punjab National Bank (PNB) involving jeweller Nirav Modi, the government on Thursday asserted that no one, however high and mighty.
States will now have to deposit the fund collected under the National Mineral Exploration Trust to the Consolidated Fund of India instead of the trust’s own bank account.
The Yamuna Expressway Industrial Development Authority (YEIDA) has issued notices to eight builders for allegedly diverting (Rs 840 crore meant for completing construction of flats.
A 70% duty needed to stop cheaper imports from Pak via Mumbai and 100% for supplies via Wagah,
Besides the $500-million Chabahar agreement aimed at expanding bilateral cooperation, India and Iran will discuss the Middle East to India Deepwater Pipeline (MEIDP) when Iranian President Hassan Rouhani meets Prime Minister Narendra Modi in New Delhi later this week.
Five workers died and seven others were injured in a fire accident on a ship that was under repair at Cochin Shipyard (CSL) on Tuesday morning, CSL sources said in a press release.
Government websites and those by financial institutions, including banks, face around 40% of all cyberattacks and data breaches taking place in the country, government sources revealed.
The survey findings emphasised the importance of accounting professionals for businesses to be compliant with GST, underscoring the willingness for compliance and the trust of people in the acumen and expertise of accounting professionals.
Retail inflation falls to 5.07 percent, but oil prices, MSPs pose risks.
The implementation and refund delays under the goods and services tax regime may have led to working capital constraints for firms, which in turn might have hurt their exports in October 2017, a paper put out by researchers at the Reserve Bank of India said.
With the focus on bolstering economic and cultural ties between the two countries, Canadian Prime Minister Justin Trudeau will be on a state visit to India from February 17-23.
The price of State Bank of India stock fell 2.67% on Monday to Rs 288.50 following the lender reporting a weak third-quarter earnings on Friday after the market hours.
Direct tax collection for the April-January period grew by 19.3% to Rs 6.95 lakh crore against the required 18.3% growth for the full year to meet the revised estimate target of Rs 10.05 lakh crore in the current fiscal, the government said on Friday.
Gujarat is inviting tenders to set up 500 MW of solar projects in the state under the reverse-auction mechanism, under which bidders who quote the lowest tariffs for selling power get to develop projects.
India will set up atomic clocks to help enable user industries such as internet service providers and the railways to increase accuracy, as well as end dependence on the US-based National Institute of Standards and Technology (NIST).
The country’s largest telecom operator Bharti Airtel has urged Trai to hold a consultation with stakeholders before coming out with specific guidelines and regulations for companies to comply with principles on interconnect usage charges (IUC) compliance and non-predation.
Indians form the largest expatriate group in the 4-million population of Oman. They repatriate to India around $3 billion in earnings annually.