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NPA crisis: Why loans to MSME, real state, farmers may go bad

PS Jayakumar, MD and CEO attributed the loss to accelerated provisioning for some accounts and ageing provisions of `900-1,000 crore for the two large NPAs of Bhushan Power and Steel and Alok Industri

Banking & Finance News

World Cup mania: Indians say Namaste London louder than ever

A British High Commission spokesperson said around 5 lakh Indians received visas for travel to the UK during calendar year 2018 which was up 10% year-on-year.

Sports News

Merger pangs: How Bank of Baroda media blitzkrieg addressed consumer anxiety

The ad shows three children dressed in the colours of each bank creating a symphony on stage for an audience comprising parents and grandparents — the bank’s core target.

Banking & Finance News

Liquidity Crunch: RBI seeks to tighten ALM norms for NBFCs

Earlier this month, the central bank directed NBFCs with assets of over Rs 5,000 crore to appoint chief risk officers amid an evolving scenario of severe liquidity stress for non-bank lenders.

Banking & Finance News

Future Role: If Amit Shah joins Modi govt, who will head BJP?

Textile minister in the outgoing government, Irani is expected to be given a key role in the government, sources said.

India News

Rahul Gandhi’s negative chowkidar chor hai campaign didn’t work, admit top Congress leaders

Former Assam chief minister Tarun Gogoi told The Indian Express that the Congress could not match Modi’s “emotional” pitch on several issues and argued the Congress “will have to give an impre

Elections News

Jet Airways acquisition bid: Etihad, Hindujas may submit proposal in a week

Matters complicated further for the airline with the series of resignations from the top management since May 13.

Industry News

Modi 2.0: New govt plans big policy push in first 100 days. Here’s the priority list

A comprehensive strategy is being firmed up to counter the impact of the Trump-led trade war while ensuring that the strategic partnership with the US doen't falter.

Economy News

PM Modi to give preference to talent over seniority in expected bureaucratic rejig

The new government might also choose to empanel two batches of Indian Administrative Service in one go to create a larger pool of officials to choose from for appointment to key positions.

India News

Election result: NDA schemes resonate in 115 poor districts

As a result, in the last five years, 15 million houses were completed, including 7 million approved under the IAY.

Economy News

NDA III: An Economic agenda for the next govt

The economy is facing risks of getting into a middle-income trap. Schemes like PM-Kisan are sort of compensatory apo-logy; they may stimulate consumption in a limited manner but won’t be enough to r

Economy News

To grow, India needs Modi 2.0

Unless market-based reforms are unleashed, GDP won’t pick up soon.

Opinion News

Market Impact: Euphoria over stable government dies down fast

With sectors such as power and telecom in deep trouble and the NPA cycle not turning just yet, corporate India has little but a low base going for it.

Markets News

Tsunamo! PM Modi takes BJP/NDA to never-before heights

The BJP’s success, however, also revealed its limitations — it didn’t strike a resonant chord in Andhra Pradesh, Tamil Nadu and Kerala which accounts for 84 Lok Sabha seats.

Elections News

Individual insolvency: Relief from usury for the poor soon

The regulations will be among the first set of measures to be implemented under the new government, whatever its political hue.

Money News

Air India, SpiceJet add host of new flights on Jet routes

While IndiGo and GoAir have added around 30 new flights each, Tata group joint venture companies, Vistara and AirAsia India, added 20 and 5 flights, respectively.

Lifestyle News

Reviving Jet Airways: Hindujas, Etihad, AdiGro to meet to explore options

The civil aviation ministry in the meanwhile has allotted a significant portion of the airline's slots in major airports to other scheduled carriers. Recently, Jet's CEO, CFO and a couple of other sen

Industry News

Lok Sabha elections 2019: Should NDA fall short, Congress ready with plan

If the NDA appears to be falling well short of simple majority, Opposition plans to announce formation of a new alliance.

Elections News

Interview: Paul Henaghan, VP, Data Centre Solutions, APJ, Dell Technologies

In fact we are now focusing on finding the right strategy from the India perspective. Thus, I would definitely say that India has a massive influence on us. 

Industry News

Stress meter: Discoms’ dues to gencos at Rs 38,000 crore

A high-level empowered committee on stressed power assets, formed under the chairmanship of Cabinet secretary in July 2018, had proposed a payment security mechanism through which REC and PFC (now mer

Discoms, electricity distribution companies, independent power producers, economy news

Ray of hope for Jet Airways: Hindujas evaluating bid for grounded airlines

If the preliminary interest shown by the Hindujas does not move forward, then the lenders will have no option but to take the airline to the National Company Law Tribunal.

Hindujas', Jet Airways, Hinduja Group, Hindujas, industry news

EVM ‘tampering’ row: Opposition asks EC for more safeguards, panel says all machines are safe

In a statement, the Commission said, after the close of polls, all polled EVMs and VVPATs are brought under security cover to designated strongrooms, which are sealed with double locks in the presence

Opposition parties, Election Commission, EVMs, lok sabha, elections 2019, india News

With IPL finally over, brands line up for the next big thing – ICC World Cup 2019

According to sources, ICC globally has roped in around 20 brands as commercial partners for the World Cup, including some Indian brands like Bira91, Royal Stag, MRF Tyres and Britannia, whereas offici

ICC World Cup 2019, cricket world cup 2019, Brands line, world cup Brands line, general elections, general elections 2019, indian general elections, sports news

Jaypee infratech insolvency: Adani Group bid turned down by CoC

AIDPL is a wholly-owned subsidiary of Adani Properties, which, in turn, is held by the Adani family. It is engaged in real estate and is the holding firm for various real estate special purpose vehicl

Adani Group, Jaypee Infratech, committee of creditors, Adani Infrastructure and Developers’, industry news

Day after exit polls, BJP wants special session in Madhya Pradesh, Cong call floor test demand meaningless

In a letter to governor Anandiben Patel, leader of Opposition Gopal Bhargava asked her to direct chief minister Kamal Nath to call a special session to discuss important issues.

exit polls, exit polls 2019, BJP, Madhya pradesh, lok sabha, india elections, front page News

Rupee NDF at two-week low, cools to 69.97

In the local markets, the rupee on Monday closed at Rs 69.74 against the dollar, an appreciation of 48 paisa or 0.69%.

rupee, Rupee NDF, indian market, National Democratic Alliance, Bombay Stock Exchange, stock market News

Stocks pole-vault as exit polls signal NDA return; Sensex logs biggest single-day gain in a decade

While the Sensex rallied 1,421.9 points on Monday, the broader Nifty surged 421.1 points to mark their biggest single-day points rally in the last ten years.

Stocks pole, stock market, foreign portfolio investors, fpi, general elections, general elections 2019, market news
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