FM Nirmala Sitharaman launched a scathing attack on former RBI governor Raghuram Rajan and former Prime Minister Manmohan Singh over their handling of the banking sector during their reign. Mindtree has reported 35% y-o-y decline in its net profit at Rs 135 crore for second quarter ended September 30, 2019. The Modi government's aim to limit the consumption of single-use plastic without issuing clear guidelines on the matter has the plastic industry confused about their future course of action. Read for more top stories from the world of business and economy:
The finance minister said that while she is grateful that Rajan did an asset quality review, but people should know what makes the banks ailing today.
Mindtree Q2 results: The revenue of IT services company grew by 9.1 per cent to Rs 1,914.30 crore in Q2FY20 versus Rs 1,755.40 crore in Q2FY19.
With the government yet to announce clear guidelines regarding its plans to eliminate consumption of single-use plastic by 2022, the Rs 4 lakh crore plastic industry is seeing a spate of business closures on account of uncertainty.
South Asian countries like Pakistan (94), Bangladesh (88), Sri Lanka (66) and Nepal (73) have fared better than India in terms of high-levels of hunger.
Saudi oil giant Aramco is reportedly mulling investment in BPCL, including possible partnership with Reliance India Ltd.