Sensex up 167 points, auto and banks gain

Mumbai (IANS) Sensex was up 167 points after opening in the green supported by buying in auto and banking stocks on Tuesday.

The Sensex was up 167.49 points at 38,381.96. It opened at 38,316.49 from its previous close of 38,214.47. The broader…

Sensex up 167 points, auto and banks gain

Mumbai, (IANS) Sensex was up 167 points after opening in the green supported by buying in auto and banking stocks on Tuesday.

The Sensex was up 167.49 points at 38,381.96. It opened at 38,316.49 from its previous close of 38,214.47.…

IRCTC makes splash on debut, doubles issue price

Mumbai (IANS) The Indian Railway Catering and Tourism Corporation made a strong debut on the exchanges on Monday. The Railway catering company almost doubled its issue price of Rs 320 during the early trade.

IRCTC on the BSE,…

World Bank report pegs India's FY20 growth rate at 6%

New Delhi (IANS) In a major setback for India's economic outlook, a World Bank report on Sunday estimated India's economic growth in the current fiscal at 6 per cent, lower than the Reserve Bank of India's latest revised outlook of 6.1…

'Banks may need to report HDIL's dues, provisioning status'

New Delhi (IANS) Public sector banks having fund exposure to the bankrupt real estate firm HDIL may have to classify the loans given to it as non-performing assets (NPA or bad loans) under the RBI norms, make provisions for them and report these…

Banks' credit growth rate slows to 8.8%, shows RBI data

Mumbai (IANS) Indian banks' credit growth rate, for the first time this fiscal, slowed to single-digit at 8.8 per cent to Rs 97.71 lakh crore during the fortnight to September 27, according to the Reserve Bank of India supplementary…

More measures, transmission expected to prop-up growth: RBI Oct MPR

Mumbai (IANS) Government measures to boost growth along with faster resolution of stressed assets, and further transmission of past monetary policy easing are expected to accelerate the country's economic growth the coming quarters, the Reserve…

Private consumption slows, Indian economy seen 'fraught with risks'

New Delhi (IANS) The Indian economy, which has been witnessing slowdown over last few quarters, is likely to face several more risks in the near future, with one of the major factors being drop in private consumption, according to the Reserve Bank…

Indiabulls Ventures, Real Estate approve share buyback plans

Mumbai (IANS) The boards of Indiabulls Ventures and Indiabulls Real Estate on Friday approved the proposals of equity share buyback to the tune of Rs 1,000 crore and Rs 500 crore, respectively.

Capital markets company Indiabulls Ventures said…

Sale-bound Air India subsidiary gets nod for foreign flights

New Delhi (IANS) The Civil Aviation Ministry has approved Alliance Air plan to launch foreign operations by starting flights to Sri Lanka even as the airline's parent Air India remains on top of the government's disinvestment agenda.

The…