IDBI to receive Rs 9,300 cr capital to meet CAR

New Delhi (IANS) The Union Cabinet here on Tuesday approved infusion of over Rs 9,000 crore capital in the IDBI Bank to meet the regulatory capital requirements by raising the capital adequacy ratio (CAR), said HRD Minister Prakash K Javadekar.

Ashok Leyland August sales drop by 47%

Chennai (IANS) Commercial vehicles major Ashok Leyland Ltd closed last month with a 47 per cent drop in sales, the company said on Tuesday.

In a statement issued here, the company said that it sold a total of 9,231 units in August, down from…

Sensex down 400 points after GDP shocker

Mumbai (IANS) The Sensex on Tuesday fell over 400 points during the early trade session as investors reacted to the lower-than-expected GDP growth rate numbers released on Friday.

Indian 'VIX' or the volatility index -- market's…

India's July industrial output growth slows to 2.1% YoY

New Delhi (IANS) The pace of production at India's eight major industries slowed in July to 2.1 per cent from 7.3 per cent in the year-ago month. However, the index of eight core industries in July was higher compared with June, when it rose by…

Mega PSB merger: 10 banks amalgamated into 4-entities

New Delhi (IANS) In a major reform measure, the Central government on Friday announced the merger of 10 public sector banks (PSBs) into four entities, which includes the amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab…

Muted GDP growth expected in April-June quarter

New Delhi (IANS) With most indicators pointing to weak domestic demand and tepid investment climate, India's gross domestic product (GDP) is expected to slip further in April-June quarter of current fiscal.

Ahead of official release of…

Digital payments growing in India at 12.7% CAGR: KPMG

New Delhi (IANS) Digital payments in India are witnessing thriving growth with a compound annual growth rate (CAGR) of 12.7 percent in the number of non-cash transactions, global advisory KPMG said on Thursday.

A KPMG report said…

Sensex down 63 pts, Nifty below 11,100

Mumbai (IANS) Sensex and Nifty opened on a dull note on Wednesday owing to decline in metal, financial and banking stocks.

At 9.52 a.m., the Sensex was trading 62.53 points or 0.17 per cent lower at 37,578.74 while the Nifty was down 10.75…

25% discounts in trains with less vacancy: Railways

New Delhi IANS) In a bid to fill the vacant seats in trains and meet the challenges posed by the roadways and airways, the Indian Railways has decided to give discount of up to 25 per cent to passengers on ticket fares.

According…

Sensex up 142 points, Nifty above 11,100

Mumbai (IANS) Indian equity markets opened higher for the second day on Tuesday after measures announced by the government last week to boost economic growth.

The benchmark Sensex opened at 37,658.48 from its Monday's close of 37,494.12.