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    1. Business News
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    3. fe bureau

    FE Bureau

    However, the operating profit of the bank increased 2.9% Y-o-Y to Rs 4,034 crore, compared with Rs 3,918 crore in the same quarter last year.
    Union Bank Q1 net profit down 12.6% on higher provisions

    Loans under moratorium witnessed a little spike in the second phase. Total 28% of the term loan book was under…

    By FE Bureau
    August 22, 2020 00:45 IST
    Sensex rises 214 points, markets log weekly gain

    Foreign portfolio investors (FPIs) have remained buyers of Indian equities with their inflow standing at $5.5 billion in total so…

    By FE Bureau
    August 22, 2020 00:15 IST
    spice products, spices export, Indian spices, global markets, Spices Board
    ‘India exported Rs 21,515 crore of spices, spice products in FY20’

    The spices export during 2019-20 exceeded the fixed targets in terms of volume, rupee value and dollar value.

    By FE Bureau
    August 21, 2020 08:31 IST
    Dream11 founder Harsh Jain
    After bagging sponsorship rights for IPL 2020, Dream11 off to a dream jump in valuation

    Founded by Bhavit Sheth and Harsh Jain, son of Anand Jain, chairman of Jai Corp, Dream 11 reported revenues of…

    By FE Bureau
    August 21, 2020 07:00 IST
    The bench said that it will examine whether in the cases of natural resources the government should be considered as an operational creditor or financial.
    AGR dues: Supreme Court to examine if IBC applies to natural resources

    The apex court will redefine powers of IRP, NCLT and NCLAT in such matters

    By FE Bureau
    August 21, 2020 06:15 IST
    The chairman said he would like the company’s debt to be brought down to Rs 75,000 crore , adding the target ratio for the net debt to Ebida was three times or lower.
    Tata Steel: Discussions with UK govt to revive operations on, says N Chandrasekaran

    Speaking at the company’s 113th annual general meeting, Chandrasekaran said, “Tata Steel UK is not profitable and continues to be…

    By FE Bureau
    August 21, 2020 05:30 IST
    The Centre has also allowed states to nominate their own implementing agency in consultation with agriculture ministry.
    Eye on agri growth: Govt to create 30,000 farmer producer bodies in a decade

    Under a new central law on inter-state trade, farmers now have freedom to sell their produce in any market within…

    By FE Bureau
    August 21, 2020 04:45 IST
    There is also an ongoing debate on whether inflation-targeting should be the sole function of the next MPC amid the extraordinary growth shock induced by the Covid pandemic.
    Technical considerations have shackled monetary policy: RBI Deputy Governor

    Patra wrote in the minutes, “…monetary policy is forced into a standstill even when there is space available to persevere…

    By FE Bureau
    August 21, 2020 04:40 IST
    Unveiling its FY25 business strategy on Wednesday, Tata Power told analysts that it forecasts profit after tax (PAT) to rise three times by the end of the target period from the FY20 level of Rs 1,231 crore.
    Tata Power aims to raise renewable capacity to 15,000 MW, double revenue by FY25

    Tata Sons recently said it will infuse Rs 2,600 crore into Tata Power to help the company deleverage its balance…

    By FE Bureau
    August 21, 2020 03:30 IST
    Personal Loans, Digital lending, Personal loans, charges, interest rate, Digitization Stack, Paisabazaar
    MSME loans: Disbursements exceed Rs 1 lakh crore, says Finance Ministry

    The ministry also said, to soften the Covid blows to farmers, 1.22 crore Kisan Credit Cards have been sanctioned under…

    By FE Bureau
    August 21, 2020 03:15 IST
    Our country is facing a shortage of edible oils.
    Saurashtra Oil Mills Association wants restrictions on edible oil import to protect domestic growers

    In a representation to Prime Minister Narendra Modi as well as the Union Ministry of Agriculture, SOMA said that as…

    By FE Bureau
    August 21, 2020 02:30 IST
    After the acquisition, the combined entity will have a consolidated revenue of Rs 2,000 crore and earnings before interest, taxes, depreciation and amortisation (Ebitda) of approximately Rs 250 crore.
    GMM Pfaudler to acquire 54% stake in global business of parent

    The company will be acquiring the stake from the private equity firm Deutsche Beteiligungs AG Fund VI (DBAG).

    By FE Bureau
    August 21, 2020 02:00 IST
    The bank had bounced back to black in the last quarter (Q4 of FY’20) after being in the red for almost 18 quarters.
    Indian Overseas Bank posts net profit of Rs 121 crore in Q1

    It had reported a net loss of Rs 342.08 crore in the year-ago period. Total income for the quarter increased…

    By FE Bureau
    August 21, 2020 01:30 IST
    The overall muted environment for new auto sales continues to put pressure on motor premiums.
    General Insurance: Premium growth up 7% in July; retail health leads

    Investment by health insurers in digital renewal of policies pays off

    By FE Bureau
    August 21, 2020 01:15 IST
    The proposed allottees are: Baring Private Equity-owned fund Mapple II BV, ICICI Prudential Life Insurance Company, CDC Group, Gaja Trustee Company and Gaja Capital.
    RBL Bank gets board nod to raise Rs 1,566 crore via preferential issue

    The issue price implies around 3% discount to Thursday’s closing price of Rs 182.10 on the BSE. The preferential issue…

    By FE Bureau
    August 21, 2020 01:00 IST
    The markets witnessed a gap down opening, tracking cues from its Asian peers that were trading in the red.
    Equities tumble on global sell-off, Sensex crashes 394 points

    The markets traded in the red throughout the day and recovered slightly before closing. The weekly options expiry also added…

    By FE Bureau
    August 21, 2020 00:17 IST
    cabinet briefing, modi government reforms, sugar frp, msme package, natonal recruitment agency, uday yojana, discom dues, governemnt debt, governemnt funded infra projects
    Cabinet nod: Energy, infra, MSMEs are key gainers

    The move to raise cane FRP will raise the costs of cash-strapped mills by roughly Re 1 for producing each…

    By FE Bureau
    August 20, 2020 11:58 IST
    Banks may recast loans worth Rs 8.4 lakh crore: India Ratings

    As for non-corporate loans, the agency expects at least Rs 2.1 lakh crore, constituting 1.9% of bank credit, to undergo…

    By FE Bureau
    August 20, 2020 07:30 IST
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    Sleeping with phone near your head? Neurologist warns it may be confusing your brain’s night signals

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    A machine learning engineer working in Singapore said he no longer has to “invent tragedies” just to take a Friday off. Instead of requesting time off with excuses, he said he simply informs his manager about his time away from work.

    Viral post triggers India vs Singapore work culture debate after man says, ‘Had to invent tragedy to get Friday off’

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