India's GDP growth projection lowered to 7% in 2018-19

New Delhi (IANS) India is estimated to grow at a slower pace of 7 per cent in 2018-19, down from the 7.2 per cent attained during the previous financial year, according to official data.

"Real gross domestic product (GDP) at constant (2011-12)…

Mukesh Ambani first Indian to join top 10 richest list: Hurun Research

Mumbai  (IANS) Reliance Industries Chairman and Managing Director Mukesh Ambani has became the first Indian to enter the global top 10 richest billionaire list complied by Hurun Research.

According to the Hurun Global Rich List…

Sensex pares losses after knee-jerk reaction to IAF strike

Mumbai (IANS) Sensex trimmed major losses and was 100 points down in the Tuesday afternoon trade session, after it tanked over 500 points reacting to reports that the Indian Air Force (IAF) struck terrorist camps in Pakistan administered Kashmir.

Sensex ends 240 points lower amid heightened India-Pakistan tension

Mumbai (IANS) Heightened geopolitical tensions in the sub-continent after India struck terrorist training camps in Pakistan dragged the domestic equity market lower on Tuesday.

However, the slide triggered a burst of value buying which was…

RBI removes Allahabad Bank, Corporation Bank, Dhanlaxmi Bank from PCA

New Delhi (IANS) The Reserve Bank of India (RBI) has taken off Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the Prompt Corrective Action (PCA) framework allowing them to resume their normal lending activities.

The…

Sensex, Nifty opens higher; Realty stocks up 2%

Mumbai (IANS) The benchmark Sensex advanced over 100 points after opening in the green on Monday following optimism in the Asian markets amid signs of easing trade tension between the US and China.

The Sensex of the BSE opened at 35,983.80…

IL&FS accounts not to be declared NPAs, rules NCLAT

New Delhi (IANS) The National Company Law Appellate Tribunal (NCLAT) on Monday said the cash-strapped Infrastructure Leasing and Financial Services (IL&FS) and its group companies will not be declared as non-performing assets (NPA) without approval…

No decision on taking Jet Airways to NCLT: SBI

Mumbai (IANS) The State Bank of India (SBI) on Monday said no decision has been taken on moving the National Company Law Tribunal (NCLT) to recover loans from private carrier Jet Airways and called media reports in this regard "speculative".

Government's mega merger plan for general insurance firms hits fresh roadblock

New Delhi (IANS) The government's plans for the mega merger of three general insurance firms to create one large and strong entity seems to have hit a roadblock. The Department of Financial Services (DFS), which oversees the operations of state-owned…

Kia Motors plant set to transform backward Anantapur district

Anantapur (Andhra Pradesh) (IANS) South Korean automobile giant Kia Motors' plant is set to transform Anantapur, one of the country's most backward districts.

The sprawling plant, which has come up over 536 acres of land…