Rajnish Kumar’s statement follows speculation that the government, which controls State Bank of India, may ask the lender to play a role in bailiing out the private-sector Yes Bank. However, last month Kumar said it was “
Union Budget 2020 India: With the economy facing its worst growth, investment and jobs crisis in more than a decade, Finance Minister Nirmala Sitharaman needs to offer support for individuals and businesses.
Telcos have requested the country’s top court to extend the payment terms. Even if Vodafone Idea stays afloat thanks to a last-minute compromise, customers have read the writing on the wall. The mobile carrier lost 36
While a message from the prince to Bezos in mid-2018 that preceded the hack appeared benign, investigators found digital evidence suggesting it contained code that ultimately led to the breach of the billionaire’s phone, sa
The bottom line is that each country has its own demons to slay and trouble in its backyard that has nothing to do with tensions between Beijing and Washington. That calls for a dose of caution after a stock, bond and currenc
Only two state-run refiners -- Hindustan Petroleum Corp. and Indian Oil Corp.-- have announced they’re producing IMO 2020-compliant fuel. Hindustan Petroleum started supplying very-low sulfur fuel oil from its Visakhapatnam
Union Budget 2020 India: A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding.
Gold prices in India rose nearly 25% last year, the biggest increase since 2011, and touched a record earlier this year. Overseas gold is still building on the largest annual expansion since 2010, which was driven by the U.
The July budget gave bigger allocations for rural housing, roads and programs that support small businesses producing cattle feed, measures that were seen buoying companies like Hindustan Unilever Ltd., ITC Ltd. and Mahindra
Benchmark 10-year yields will trudge toward 7% by June, he said. The yield was at 6.63% on Friday. The RBI cited much higher than expected inflation when it surprised traders by keeping policy rates unchanged last month follo
Asia’s top zinc producer by market capitalization has been campaigning for Indian Railways to increase their use of galvanized steel in its rail lines, although the material is also used in industries from construction to c
Payment of the dues may erode the telecom operators’ cash flows, especially those of Vodafone Group Plc’s India venture. Under the October verdict, Vodafone Idea Ltd. has to pay $4 billion, while Bharti Airtel Ltd. has to
Vodafone Idea pared losses to trade at 4.60 rupees a share at 11:12 a.m. in Mumbai after dropping as much as 39% earlier today. Bharti Airtel gained 3.84%. Reliance Industries Ltd., the flagship company of the group that incl
Qatar National Bank SAQ is seeking a court order to force Mallya to sell his 50-meter (164-foot) superyacht currently impounded in southern England because a 5-million euro mortgage on the boat serves as security for the loan
It’ll be unrealistic to expect anything more dramatic from the formal inquiry. After all, the final customer isn’t complaining. She would rather receive a bigger discount on a new mobile phone than ask why it’s being e
Before the trip to India, the Brazilian economic team, including Troyjo and Economy Minister Paulo Guedes, will attend the World Economic Forum in Davos. Their message to the potential investors at the Swiss resort will be th
India’s economy is grappling with the slowest expansion in more than a decade, and Prime Minister Narendra Modi’s efforts to revive growth are being complicated by a crisis at the nation’s shadow banking sector.