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www.businesstoday.in
May 23, 2018



BusinessToday.In
May 23, 2018
The broader NSE Nifty closed 1.01 percent or 106 points lower at 10,430.35, while the benchmark BSE Sensex fell 0.88 percent or 306 points to 34,344.91. Both the indexes fell over 1 percent in the last hour of trading.


BusinessToday.In
May 23, 2018
This year in March, the government invited Expressions of Interest or EoI for sale of 76 per cent stake in Air India as well as the transfer of management control. The deadline for submission of EoI ends on May 31.


BusinessToday.In
May 23, 2018
\"With significant cleansing of the book largely behind, we expect provisioning expenses to decline sharply, while gradual pick -up in loan growth/margins is expected to further boost earnings. We raise our FY19/20E earnings by 36%/12% and revise our price target to  Rs 365 (1.5x FY20E ABV for bank). Maintain Buy, \" brokerage Motilal Oswal said in its report.


BusinessToday.In
May 23, 2018
State Bank of India is planning to sell stake in some of its subsidiaries over the next two years. Subsidiaries that may witness share sale are SBI General Insurance, SBI Card and SBI Capital Market.


www.businesstoday.in
May 22, 2018



www.businesstoday.in
New Delhi, May 22, 2018
Huawei entry-level smartphone Honor 7A, Honor 7C in India; Samsung launched the Galaxy S Light Luxury in China and OnePlus 6 goes on Sale in India. Watch more in this episode of Daily Tech Wrap with Danny D'Cruze.


BusinessToday.In
May 22, 2018
The 30-share Sensex opened in the green and hit a high of 34,754.60, but witnessed bouts of volatility. It finally settled at 34,651.24, showing a gain of 35.11 points, or 0.10 per cent. The index had lost 940.58 points in the previous five sessions as investors rushed to unwind bets following post-poll instability in Karnataka amid discouraging global cues.


BusinessToday.In
May 22, 2018
The State Bank of India, the country's largest lender, reported a net loss for a second quarter back-to-back, and this time it is three times worse. In its Q4FY18 results, SBI reported a net loss of Rs 7,718 crore.


www.businesstoday.in
May 22, 2018



BusinessToday.In
May 22, 2018
Rajnish Kumar, MD at SBI said major part of the bad loans have been accounted for in the quarter ending March 31, 2018.


www.businesstoday.in
May 22, 2018



www.businesstoday.in
May 22, 2018



www.businesstoday.in
May 21, 2018



www.businesstoday.in
May 21, 2018



Rajeev Dubey
New Delhi, May 21, 2018
India's crude basket which was at $52.49 in April 2017 is now well over $72. If crude gets to $100, India's price could be $93 for the full year, according to a report released by the SBI. That's nearly double of 2016-17.


www.businesstoday.in
May 21, 2018



www.businesstoday.in
May 20, 2018



BusinessToday.In
New Delhi, May 18, 2018
The biggest proof of poor job prospects in India can be easily seen by looking at the number of people applying for low-paying jobs in the government sector, hoping career security and economic stability.


PTI
New Delhi, May 17, 2018
ArcelorMittal, the only other bidder to have put in a bid for Essar Steel in the first round in February, however, opposed the opening of the second round of bids and wanted only the first round of bids to be considered.


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