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  3. fe bureau

FE Bureau

The new train sets will be manufactured at three production units of IR — 24 rakes at the Integral Coach Factory in Chennai, 10 rakes at the Rail Coach Factory in Kapurthala, and 10 rakes at the Modern Coach Factory in Raebareli.
Medha Servo Drives wins Rs 2,211-crore Vande Bharat tender

The specifications were prepared after multiple deliberations with industry at various levels for manufacturing the train sets indigenously.

By FE Bureau
January 23, 2021 05:45 IST
The minister, sounding vexed, added: “Some people, who are used to oppose all good works, are creating misunderstanding between government and farmers...they are using the current protest for their own political benefits. Due to this, we have not been able to reach any conclusion. I am disappointed.”
Farm laws: Farmer-govt talks unravel as both sides harden stance

Farmer leaders who have held several rounds of talks with the Delhi Police on Wednesday and Thursday have reiterated that…

By FE Bureau
January 23, 2021 05:30 IST
Data traffic at 1,58,60,000 million MB was up 10% compared to the preceding quarter.
Q3 results: Reliance Jio beats estimates, net profit rises 16% at Rs 3,489 crore

Total customer gross addition stood at 25.1 million, which was below the gross adds of 27.2 million in the preceding…

By FE Bureau
January 23, 2021 05:15 IST
Budget 2021-22: Mitra had in an earlier letter to Sitharaman noted that the Centre's borrowing cost under the facility is around 5%, whereas the interest rate paid by the states for competitively borrowing from the RBI auctions is as high as 6.8%.
Don’t cut transfers to states: West Bengal Finance Minister Amit Mitra tells Centre in Pre-Budget 2021 memo

Union Budget 2021 India: “I urge you to call a GST Council meeting to discuss the matter and arrive at…

By FE Bureau
January 23, 2021 05:00 IST
Advances during the December quarter rose 1.7% sequentially to Rs 1.69 lakh crore.
Asset quality improves: Yes Bank reports Rs 151-crore profit on strong interest income

The provision coverage ratio stood at 76.8% as on December 31, 2020. The net interest margin improved to 3.4%, showing…

By FE Bureau
January 23, 2021 04:45 IST
Considered supervisory judgment might push some NBFCs from out of the upper layer of the systemically significant NBFCs for higher regulation or supervision.
RBI proposes 4-layered framework for regulation of shadow banks

Going further, the next layer — the upper layer — will consist of NBFCs which are identified as systemically significant…

By FE Bureau
January 23, 2021 04:30 IST
The company reduced inventories by 0.47 lakh tonnes during the quarter.
JSW Steel’s net profit jumps 14 times to Rs 2,669 crore

“Various high frequency economic indicators are better than the initial expectations pointing to a robust recovery. Growth in passenger vehicles…

By FE Bureau
January 23, 2021 04:00 IST
The total store count of the company stands at 12,201 stores spread over 31.2 million sq.ft of retail space.
Reliance Retail Q3 net revenue falls 19% to Rs 33,018 crore

Net revenues stood at Rs 40,660 crore in Q3FY20, the company said in a presentation.

By FE Bureau
January 23, 2021 03:30 IST
RIL’s outstanding debt at the end of December,2020 was Rs 257,413 crore while the cash and cash equivalents stood at Rs 2,20,524 crore.
Reliance Industries Ltd’s consolidated net profit rises 12.5% to Rs 13,101 crore

In a quarter in which the economy was recovering from the disruption caused by the pandemic, RIL’s performance was somewhat…

By FE Bureau
January 23, 2021 03:00 IST
With the gradual resumption of passenger train services and amidst the new normal wherein IRCTC is serving only ‘ready to eat’ meals to passengers on trains, there has been a huge demand for resumption of e-catering services.
Missing food in train journey? IRCTC to restart e-catering; Check details

During the pre-Covid period, IRCTC had started clocking 20,000 e-catering orders per day.

By FE Bureau
January 23, 2021 01:30 IST
The bank made drastic improvement in its asset quality with gross NPA decreasing 365 bps to 9.04% of gross advances, from 12.69%, y-o-y.
Indian Bank posts net profit at Rs 514 crore in Q3

Chunduru said bank will have to only restructure 1.6% to 2% of the loan book post-lifting of the moratorium and…

By FE Bureau
January 23, 2021 01:00 IST
The resolution rejected the remarks regarding Kerala Infrastructure Investment Fund Board (KIIFB ) from Page no 41 to 43 of the state financial audit report of the CAG.
Kerala passes resolution against CAG’s audit report

KIIFB is a government-owned financial institution formed to mobilise funds for infrastructure development from outside the state revenue. It has…

By FE Bureau
January 23, 2021 00:30 IST
bajaj auto december quarter financial performance
Bajaj Auto’s PAT rises 23% to Rs 1,556 crore

The domestic CV business remains impacted due to inadequate demand for short-distance mobility but the firm is working on strategy…

By FE Bureau
January 22, 2021 09:37 IST
south indian bank
South Indian Bank reports Rs 92-crore loss in Q3

Provisions and contingencies for the third quarter stood at Rs 499 crore, up 91.42% from Rs 261 crore in the…

By FE Bureau
January 22, 2021 09:24 IST
Clouds of uncertainty to clear; growth to pick up.
Bandhan Bank Q3 profit down 13.5% on Covid provisioning

The bank’s total seposits increased by 29.6% y-o-y to Rs 71,188 crore as on December 31, 2020 as compared to…

By FE Bureau
January 22, 2021 08:28 IST
Hero MotoCorp crosses 100 million milestone in cumulative production, hero motocorp 100 millionth unit, Xtreme 160R, pawan munjal, shah rukh khan
Hero MotoCorp to roll out 10 products a year for next 5 years: 10 crore bikes produced so far

Hero MotoCorp said it also has a steep growth target for its markets outside India. The two-wheeler firm said it…

By FE Bureau
January 22, 2021 07:50 IST
Fire breaks out at Serum Institute of India Pune plant
Fire at Serum Institute Pune claims five lives; Covishield vaccine production unaffected

Adar Poonawalla, CEO, SII, said there would be no loss of Covishield production due to multiple production buildings kept in…

By FE Bureau
January 22, 2021 07:15 IST
Farmers may accept proposal to defer farm laws but want ‘legal’ MSP

“A full repeal of the three central farm Acts and enacting a legislation for remunerative MSP for all farmers was…

By FE Bureau
January 22, 2021 05:30 IST
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Padma Awards: President Murmu honors Mammootty, Rohit Sharma, Alka Yagnik and Satish Shah

Household share of bank deposits fall; FCNR(B) push may aid mobilisation

Kunal Shah’s elevation once again underscores India’s paradox: producing leaders, not global tech giants

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