Gross NPAs of banks fell to 10-year low of 3.9% in March: RBI report

New Delhi (IANS) The gross non-performing assets (GNPA) ratio of banks fell to a 10-year low of 3.9 per cent in March 2023, the Reserve Bank of India (RBI) said in its financial stability report (FSR), released on Wednesday.

The net non-performing…

Japan's NTT to set up renewable energy plants in India, lands subsea cable in Chennai

Chennai (IANS) Global data centre major NTT group while expanding in major Indian cities is also looking at tier two cities to build centres and is also setting up captive renewable power projects in India apart from buying from others, said a top…

MCX extends software service pact with 63 moons for one more time

New Delhi (IANS) After failing to execute its project management of technology migration, the Multi Commodity Exchange of India Limited (MCX) has extended its software service support arrangement with 63 moons technologies for six months one more…

Indian economy presents picture of resilience, robust financial system boosting growth: RBI document

New Delhi (IANS) The Indian economy presents a picture of resilience, supported by strong macroeconomic fundamentals, the Reserve Bank of India's (RBI) financial stability report has said.

The report, which is a half-yearly report card…

Gujarat govt to sign MoU with Micron Technology for Semiconductor Facility in Sanand

Ahmedabad (IANS) The Gujarat government is set to sign a Memorandum of Understanding (MoU) with Micron Technology, a leading semiconductor chip making company based in the United States, on Wednesday.

The signing ceremony will take place in…

Sharp surge in inflows into small & mid-cap funds as they outperform large caps

New Delhi (IANS) The sharp surge in inflows into small and mid-cap funds reflects the increasing risk appetite of investors as macroeconomic factors improve, foreign brokerage Jefferies said in a report.

Mutual fund flows are inclined towards…

Indian markets at all-time high driven by FII inflows

New Delhi (IANS) Indian markets are at an all-time high, driven by strong inflows from the FII the past few months.

Christy Mathai, Fund Manager- Equity, Quantum AMC said from a macro standpoint, India stands out relative to peer countries,…

Over 1 cr ITRs filed this year, I-T Dept urges taxpayers to keep up momentum

New Delhi (IANS) With the last date for filing annual returns approaching, the Income Tax (I-T) Department said that more than one crore ITRs have been filed till June 26, compared to the one crore ITRs filed till July 8 last year.

In a Twitter…

Govt to release Tur from buffer stock to augment supplies

New Delhi (IANS) In order to ensure an adequate supply of Tur and control its prices, the government on Tuesday decided to release it from buffer stock in a calibrated manner till imported stocks arrive in the markets.

According to official…

India to produce own aircraft engines for Tejas as defence deals strengthened during PM Modi's US visit: Sitharaman

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman on Sunday said that India will now be able to produce its own aircraft engines, specifically the F414 engines used in the Tejas Light Combat Aircraft.

Citing the several defence production…