New Delhi, Dec 20 (PTI) Following are the top business
New Delhi, Dec 20 (PTI) Following are the top business stories at 1900 hours today:
DEL29 BIZ-LD STOCKS
Mumbai: Stock benchmarks today had a hard landing after flying to new highs, pulled down by banking stocks in the wake of RBI action that rekindled fears about bad loans.
New Delhi: The RBI has initiated a prompt corrective action against Bank of India for mounting bad loans, placing various restrictions on it including issuing of fresh loans and dividend distribution, BoI said today.
New Delhi: Retirement funds manager EPFO has its plate full, going into the next year -- from full digitisation to Aadhaar seeding, with the sole purpose of making service delivery better for its nearly 4.6 crore users. (By Kamal Kishore Shankar)
DEL27 BIZ-BANKS-CAPITAL INFUSION
New Delhi: The finance ministry today said it has not provided the entire amount towards capital infusion in public sector banks as most of them failed to meet the performance target.
New Delhi: Individuals with over Rs 1 crore of declared income rose 23.5 per cent to 59,830 in tax assessment year 2015-16, but the higher number of crorepatis had Rs 50,889 crore less income than that of the previous year.
Mumbai: Record refining margins and around USD 25 million forex gains helped Essar Oil UK, which owns and operates the 9-million tonne Stanlow Refinery, report its highest ever half-yearly net income at USD 169 million.
DCM28 BIZ-LSQ-INFRA-COST OVERRUN
New Delhi: As many as 350 infrastructure projects, each worth Rs 150 crore or above, have shown cost overrun of Rs 2.65 lakh crore due to various reasons including delays, Parliament was informed today.
New Delhi: The Economic Advisory Council to the Prime Minister (EAC-PM) today discussed issues related to employment and growth, an official statement said.
DCM51 BIZ-REFORMS-INEQUALITY New Delhi: Post the 1980s economic reforms in India and China, inequality rose to extreme level here but only moderately in China as it invested more in education, health and infrastructure for the bottom 50 per cent of its population, general coordinator of a global report on inequality, Lucas Chancel said today.
DEL37 BIZ-SBI-2000 NOTES
New Delhi: The Reserve Bank of India (RBI) may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency, says a SBI Research report. PTI SBT