'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…

Sensex 100 points in red, Airtel top gainer

Mumbai (IANS) Sensex opened marginally lower and declined 100 points during the early trade on Thursday after it closed with sharp gains in the previous trade session.

Bharti Airtel was the top gainer, up 4.45 per cent, on the…

Panel set up to boost GST revenue after sharp collection dip

New Delhi (IANS) The GST Council on Thursday constituted a committee of officers to improve revenue after the September Goods and Services Tax (GST) collection dropped sharply to a 19-month low of Rs 91,916 crore, reflecting weak consumer demand.

Saudi Arabia assures world oil needs will be met

Riyadh (IANS) The Council of Ministers on Tuesday reemphasized the Kingdoms' readiness to meet the world oil needs as the most reliable, safe and independent oil exporter of the world.

Custodian of the Two Holy Mosques King…

Rupee may continue to remain weak on volatility in global markets

New Delhi (IANS) The Indian rupee is likely to continue its weak trend against the dollar due to a probable rise in volatility in the international financial markets.

According to the Reserve Bank of India's (RBI) Monetary…