Crunching Numbers: 12 PSBs end Sept quarter notching up Rs 25K+ cr net profit

New Delhi (IANS) It looks like sunshine days for the Indian banking sector after having struggled with a seemingly never-ending gloom of rising non-performing assets (NPAs) and the Covid-19 pandemic, which hit their profits hard.

The September…

Sitharaman urges AIIB to invest in renewable energy in India

New Delhi (IANS) Finance Minister Nirmala Sitharaman on Friday urged the Asian Infrastructure Investment Bank (AIIB) to scale up investments and mobilise private finance in India's key priority areas like renewable energy, energy efficiency and…

LIC's sale of RCAP debt to ACRE upsets lenders and bidders

Mumbai (IANS) LICs recent move to sell its Rs 3,400 crore secured principal debt in the Reliance Capital (RCAP), that too barely less than two weeks ahead of the binding bids submission deadline, has upset the RCAP lenders and bidders.

LIC…

Oil prices rise after drone attack on tanker owned by Israeli billionaire

London (IANS) Oil prices have risen after a tanker owned by an Israeli billionaire was hit by a drone carrying a bomb off the coast of Oman, media reports said on Wednesday.

The attack on Pacific Zircon, which is owned by Idan Ofer and operated…

Domestic investor holding at all time high

New Delhi (IANS) The share of Domestic Institutional Investors (DIIs), which includes domestic Mutual Funds, Insurance Companies, Banks, Financial Institutions, Pension Funds etc. as a whole, along with retail and High Net-worth Individual (HNI) investors…

SREI Equipment Finance auditor reports Rs 13,110 cr fraudulent transactions

Mumbai (IANS) SREI Equipment Finance Ltd has reported alleged fraudulent transactions amounting to Rs 13,110 crore, during the erstwhile management of the company, run by Hemant Kanoria and Sunil Kanoria.

In the unaudited financial results…

Indian government lays out action plan to promote millet export

New Delhi (IANS) India is going all out to celebrate 2023 as the International Year of Millets as declared by the United Nations General Assembly.

To promote shipment of nutri-cereals, the India's Commerce and Industry Ministry, through…

As Yellen seeks closer US-India economic ties, India dropped from currency monitoring list

New York (IANS) The US has removed India from its currency manipulation monitoring list and made the announcement while Treasury Secretary Janet Yellen was in New Delhi to boost economic relations between the two countries.

The Department conveyed…

India wearable market registers 56.4% growth, boAt leads: Report

New Delhi (IANS) India's wearable market registered another record quarter, shipping 37.2 million units in Q3 2022 (July-Sep), a growth of 56.4 per cent (year-over-year) with boAt leading in the market, a report showed on Friday.

According…

IONIQ5 to be Hyundai's first model for India under new platform

Chennai (IANS) Car maker Hyundai Motor India Ltd on Thursday said it would launch the Hyundai IONIQ5 as the battery electric vehicle (BEV) built on the electric global modular platform (E-GMP).

"Our Electric Mobility campaign in India began…