FinMin asks CPSEs to clear all dues by Oct 15

New Delhi (IANS) Asserting that all payment delays to the vendors to be ironed out at the earliest, Finance Minister Nirmala Sitharaman on Saturday directed the CPSEs to clear all outstanding payments by October 15 to kick off investment cycle in…

RBI puts Lakshmi Vilas Bank under Prompt Corrective Action

Chennai (IANS) Private sector Lakshmi Vilas Bank on Saturday said the Reserve Bank of India (RBI) had initiated Prompt Corrective Action (PCA) against it on account of its high non-performing assets (NPA) and others.

In a statutory filing in…

FM to meet key ministries on frontloading public expenditure

New Delhi (IANS) Finance Minister Nirmala Sitharaman will on Friday review the total capital expenditure of key ministries in 2019-20 and their CAPEX plans for the future.

Finance Minister Nirmala Sitharaman will hold a meeting with the Secretaries…

India's economy to be world's 2nd fastest growing at 6%

United Nations (IANS) The UN trade agency has projected India's growth rate for the current year to slow down at 6 per cent from last year's 7.4 per cent, but the country will be the world's second fastest growing economy, lagging…

NCLAT allows Dutch administrator to attend Jet creditor meetings

New Delhi (IANS) The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the Dutch court administrator of Jet Airways to attend the meetings of the bankrupt airline's Committee of Creditors (CoC).

With this ruling, the NCLAT…

FM to meet pvt banks, NBFCs, HFCs on liquidity, credit disbursal

New Delhi (IANS) Finance Minister Nirmala Sitharaman will meet private sector banks, NBFCs and Housing finance companies on Thursday, official sources said.

HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank are expected to attend and some…

Sensex up 380 points as US hints at trade-war resolution

Mumbai (IANS) The key Indian equity indices opened on a positive note on Thursday with the BSE Sensex trading over 380 points.

The domestic market traded in line with the Asian markets as they rose in hopes of a resolution of the prolonged…

Tax sop helps, Maruti cuts car prices by Rs 5,000

New Delhi (IANS) Following the announcement of reduction in corporate taxes by Finance Minister Nirmala Sitharaman, Indias largest car company, Maruti Suzuki on Wednesday announced an immediate Rs 5,000 cut in prices of its bestselling cars.

These…

India, US very close to trade deal: Trump

New York (IANS) India and the US are very close to concluding a trade deal, and a larger deal is set to be finalised in some time, US President Donald Trump said on Tuesday, as teams from both sides were engaged in negotiating a limited trade package.

LNG from Petronet-US firm deal to reach India only by 2024

New Delhi (IANS) State-run Petronet LNGs $2.5 billion investment to secure 5 million tonnes of liquefied natural gas (LNG) from Tellurian is unlikely work to the advantage of India as the first set of gas from the US-based natural gas companys Driftwood…