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BusinessToday.In
September 21, 2018
The strategy which the government has adopted is merging one weak bank with its stronger counterparts.  In this case, the weaker bank is Mumbai-based Dena Bank. The lender came under prompt corrective action of the RBI in May 2017 in view of high Net NPA and negative RoA (return on assets) and now faces restrictions on lending and several other bank operations.


Joe C Mathew
New Delhi, September 11, 2018
The Reserve Bank of India (RBI) has highlighted that the fiscal deficit of all 29 Indian states would decline to 2.6 per cent of gross domestic product (GDP) as per their FY2019 Budget Estimates (BE), from 3.1 per cent of GDP as per their FY2018 Revised Estimates (RE).


BusinessToday.In
August 28, 2018
At 10:42 am, the stock was trading at 1,300 level, up 0.66% on the BSE. Its market capitalisation rose to Rs 8,23,419 crore on BSE.


BusinessToday.In
August 27, 2018
The Sensex heavyweight rose to a fresh record high of 1296 level, rising 1.40% compared to its previous close of 1278.05 level.  At 12:36 pm, the stock was trading 1.15% or 15 points higher at 1292 level on the BSE.  Its market capitalisation rose to Rs 8,19,458.12 crore.


Aseem Thapliyal
August 16, 2018
The stock has grown 561 per cent from Rs 98.30 on August 16, 2013 to Rs 640 on August 16, 2018. The Sensex has doubled during the same period. Meanwhile, its listed peers PC Jewellers and Titan Company rose 127% and 283.44%, respectively, during the last five years.


Rajeev Dubey
August 11, 2018
'No' says Jet Airways emphatically. But with mounting losses, negative net worth of Rs 7,100 crore and liabilities well in excess of assets, it may be very, very close.


Aseem Thapliyal
August 7, 2018
The strong earnings took the stock to its all time high of 1,093 level in trade yesterday. The large cap stock gained 7.38% during the last one month outperforming the Sensex which gained 5.78% during the same period.


BusinessToday.In
July 27, 2018
At 10:24 am, the Sensex was trading 320 points higher at 37, 305 level and the Nifty stood at 11,247, up 80 points. The BSE metal index rose to a record level of 12,497 points, up 219 points.


Nevin John
New Delhi, July 19, 2018
The top industrialists in the country have been quite reluctant in publicly voicing their concerns about the economy in all these years. The scene is changing now.


PTI
New Delhi, July 18, 2018
Total remuneration of Bharti Airtel chairman Sunil Bharti Mittal remained almost flat at about Rs 30.19 crore in 2017-18 compared to the previous year as the company reported the lowest annual profit in a decade at Rs 1,099 crore for the year.


PTI
June 29, 2018
India's growth accelerated to 7.7 per cent in the fourth quarter of Financial Year (FY) 2017-18. That was up from 7 per cent in the previous quarter.


BusinessToday.In
June 26, 2018
After the inaugural statement, the Prime Minister met several business leaders for a discussion on issues such as economic growth, infrastructure development, policy initiatives, investment, innovation and job creation. AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.


BusinessToday.In
New Delhi, June 18, 2018
Nirav Modi holds six Indian passports; agencies to file fresh FIRAbsconding jeweller Nirav Modi, wanted in the Rs 13,600 crore PNB fraud case, is reported to be in the possession of at least six Indian passports and the investigative agencies are likely to file a fresh FIR against him for this offence, senior officials confirmed. It is a criminal offence to possess more than one valid passport and also to use a revoked passport. Modi, who was earlier holed up in the UK, is now rep...


PTI
June 17, 2018
Pressure has been mounting on the government to cut excise duty on petrol and diesel to bring down their prices which have gone up following a spike in crude prices in the international market.


BusinessToday.In
May 26, 2018
Finance Minister Arun Jaitley said that the ten years of the UPA rule had unquestionably witnessed the most corrupt government since Independence. 


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.


PB Jayakumar
New Delhi, May 16, 2018
It is good news for the Indian pharmaceutical industry. After two years of stagnancy, exports grew 2.91 per cent to $17.27 billion in FY2017/18.


PTI
April 23, 2018



BusinessToday.In
New Delhi, April 19, 2018
India had the second highest debt, after Brazil, in the Emerging Market and Middle-Income Economies category. But the figure is projected to steadily go down here on, from 68.9 per cent this year to 61.4 per cent by 2023.


BusinessToday.In
New Delhi, April 19, 2018
India must fully implement GST to avoid tax revenue underperformance: IMFIndia, which has recovered from disruptions caused by demonetisation and the rollout of the GST, must fully implement the new nationwide indirect tax to avoid tax revenue underperformance resulting in cuts to capital expenditures, the IMF has said. In India, fiscal consolidation was paused in fiscal year 2017/18 at the federal level as the economy recovered from disruptions related to demonetisation and the r...


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