FE Bureau

Trends in banking: PSB losses absorbed 70% of capital infused in last 3 years

Over 70% of the capital infused by the government in public sector banks (PSBs) over the last three years has been consumed by losses incurred by these lenders, the Reserve Bank of India (RBI) has said while seeking a legisla

Industry News

Debt recovery: IBC 3 times better than other routes

The average recovery by banks based on the amount filed through the Insolvency and Bankruptcy Code (IBC) was 41.3% in FY18 against 12.4% through other mechanisms such as SARFAESI Act, Debt Recovery Tribunals and Lok Adalats,

Economy News

PSBs’ NPAs drop Rs 23,860 cr in first half of current fiscal

Non-performing assets (NPAs) of public sector banks (PSBs) dropped by Rs 23,860 crore in the first half of the current fiscal from a peak of Rs 9.62 lakh crore in March 2018, in a sign that the worst is behind, according to f

Economy News

FY19 direct tax mop-up rises 14% till Dec 20

The government on Friday said the net direct tax collection till December 20 this fiscal amounted to Rs 7.36 lakh crore, a growth of 14% over the same period a year ago.

Economy News

’59-minute’ scheme by Modi: Whopping! 1.12 lakh loan applications approved; Rs 37,412-cr loans sanctioned

State-run banks have given in-principle approval to 1.12 lakh loan applications of MSMEs, totalling Rs 37,412 crore, under the ‘59 minutes’ loan scheme, launched by Prime Minister Narendra Modi on November 2.

Economy News

Gujarat asks CERC to raise Adani plant tariff

The Gujarat state electricity board has approached the Central Electricity Regulatory Commission, seeking its approval to amend the terms of the power purchase agreement (PPA) for 2,000 MW signed with Adani Power for procurin

Industry News

Indian banks record lowest return on assets since 2008

India and Russia were also the only major economies in FY18 and H1FY19 to report moderation in capital adequacy ratios in their respective banking systems.

Industry News

NAA finds L’Oreal distributor guilty

The anti-profiteering watchdog concluded that the dealer had raised prices of products for which the GST rates had been slashed to 18% from 28% with effect from November 15 last year.

Industry News

RBI to ensure sustained growth of NBFC sector

Following the crisis the non-banking financial companies (NBFCs) faced on account of the IL&FS credit default, the Reserve Bank of India on Friday said it would ensure sustained growth in the sector and abate liquidity fears.

Markets News

Forex reserves up $167 m to $393 billion as on December 21

India’s foreign exchange reserves increased by $167.2 million to $393.28 billion as on December 21, data from the Reserve Bank of India (RBI) show.

Markets News

Fincare Small Finance Bank to open 550-600 banking outlets by end of current financial year

Fincare Small Finance Bank (SFB) said on Friday that it hopes to do a total business of Rs 5,500 crore and open 550-600 banking outlets by the end of the fiscal.

Markets News

Hyundai Motor reveals world’s first smart fingerprint technology to vehicles – All you need to know

Hyundai Motor reveals world’s first smart fingerprint technology to vehicles.

Industry News

India Cements witnesses huge growth under Srinivasan, says a book

The book trails India Cements’ growth over seven decades and traces it directly to leadership and 50 years of association of its vice-chairman and managing director N Srinivasan, his vision and intuitive knowledge of the m

Industry News

Flipkart, Amazon could consider franchise pacts with domestic retail firms to meet new FDI norms

Flipkart, Amazon could consider franchise pacts with domestic retail firms.

Industry News

Onus still on RBI, ED to enforce new guidelines

The government may have tightened FDI rules for e-commerce companies, but their compliance will continue to be monitored by the Reserve Bank of India (RBI) and the Enforcement Directorate (ED).

Economy News

Rural distress: PM Modi, Jaitley evaluate farm relief options

Price deficiency payment, Rythu Bandhu models under consideration.

Economy News

New FDI rules: Firms may explore options; meanwhile, some welcome changes

The government's move to tighten norms for online marketplaces with foreign investment will close the “back door” that has been “blatantly exploited” by such companies and provide a level-playing field, a section of i

Industry News

Transparency: Next tranche of electoral bonds from January 1

The government will launch the next tranche of electoral bonds between January 1 and 10, the finance ministry said on Thursday.

Markets News

Costlier inputs hit CPSE profitability

At just 2.3%, the y-o-y growth in CPSEs’ net profit in FY18 was lower than the previous year’s close to 10%.

Economy News

Tata Sons chairman N Chandrasekaran’s New Year message: Don’t get distracted by somebody else’s sprint

In his New Year letter addressed to employees, Tata Sons’ chairman Chandrasekaran said much-needed capital was infused to restructure Tata companies and to acquire strategic assets.

Industry News

High Street secures Rs 60-crore funding from SAIF Partners

This is the third round funding by HSE, which last raised its Series A funding from India Quotient in late 2016 and a round of debt from Trifecta Capital earlier this year.

Industry News

Life insurers report Rs 1.78 lakh-crore new premium collection in January-November

Life insurance companies reported first-year premium collection of Rs 1.78 lakh crore between January and November in 2018, the second-highest in the last three years.

Markets News

Crude price relief to Modi govt: Brent dips below $50 per barrel; government may breathe easy on CAD

Since the beginning of FY19, crude has been caught up in wider financial market weakness as higher US interest rates, the US-China trade dispute and the US shutdown unnerved investors and exacerbated worries over global growt

crude oil, crude oil prices, oil prices, oil market, commodities, rate of crude oil News

Flipkart, Amazon discounts may be a thing of the past soon – Here is why

Bans exclusive marketing arrangements that could influence product prices.

Amazon, Flipkart, PayTm, Amazon Discounts, flipkart Discounts, paytm Discounts, Discounts take a toll on e-commerce firms News

Charges for cheque bounce to attract GST

The AAR ruled that the recovery of charges in lieu of cases where a party fails to honour its commitment of timely payment is act of toleration of such an act.

GST collection, total GST collection, income tax file returns, gst returns, GSTR 3B returns , IGST, SGST, Central GST  News

CERC tariff plan: Fixed cost cut, leeway for companies to recover variable cost

The tariff regulations will have implications for returns for state-run NTPC the most, as its sells power only through the cost-plus system.

CERC, coal power plants, NTPC, Power Grid Corporation of India, CERC, National Electricity Plan News

Bajaj’s 125cc bikes may see price hike on safety norms

For the eight months from April to November, while the motorcycle segment grew 14% y-o-y at 97,48,936 units, Bajaj Auto grew at 30%, mostly in the entry-level bike segment.

Bajaj Auto, automobile industry, automobile sector, economy News
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