Traders' union hails SC order on RBI's NPA circular

New Delhi (IANS) The Confederation of All India Traders (CAIT) welcomed Tuesday's Supreme Court order that struck down a controversial RBI circular that mandated they immediately resolve loans of Rs 2,000 crore and above. The court verdict…

Equity indices open in green, Sensex up 270 points

Mumbai (IANS) The key Indian equity indices opened on a positive note on Monday, the first trading day of the financial year 2019-20, with the BSE Sensex trading around 270 points higher.

A rise in the Asian indices, along with healthy buying…

BoB issues shares to Vijaya, Dena Bank shareholders

Mumbai (IANS) Bank of Baroda (BoB) has allotted Rs 52.42 crore worth of shares to the shareholders of the Vijaya Bank and Rs 24.84 crore shares to those of Dena Bank as the merger of the three banks came into effect on Monday.

With the amalgamation,…

Fraud-hit IL&FS' ex-Chairman Sankaran arrested

Mumbai (IANS) In its first arrest in its probe into fraud-hit Infrastructure Leasing and Financial Services (IL&FS), the Serious Fraud Investigation Office (SFIO) on Monday arrested the lender's ex-Chairman Hari Sankaran, a official statement…

GRSE expects order book to soar over Rs 27,000 cr

Kolkata (IANS) State-run Garden Reach Shipbuilders & Engineers (GRSE) is expecting that its present order book would go up to over Rs 27,000 crore with the signing of a Rs 5,500 crore contract for making eight warships, an official said…

Jet assurance to pilots to ward off mass leave

Mumbai (IANS) In a bid to stave off a proposed mass leave by a section of pilots and aircraft maintenance engineer, Jet Airways on Saturday said it will soon pay the remaining December salaries to employees.

In an email to employees, Jet's…

Equity indices open in green, Sensex up 100 points

Mumbai (IANS) The key Indian equity indices opened on a positive note on Friday with the BSE Sensex over 100 points.

The domestic indices rose in tandem with the rise in Asian markets, analysts said. Healthy buying in all the sectoral indices,…

M&M to raise vehicle prices due to high commodity rates

Mumbai (IANS) Automobile major Mahindra and Mahindra (M&M) on Thursday announced a price hike, in the range from Rs 5,000 to Rs 73,000, across all its models, effective from April 1.

"Mahindra & Mahindra (M&M)... today announced…

Banks report better non-performing loan ratio: Fitch

New Delhi (IANS) The Indian banking sector's non-performing loan (NPL) ratio for the nine months to December 2018 fell to 10.8 per cent from 11.5 per cent at fiscal year end 2018, according to Fitch Ratings' estimate.

…

Smartphone prices down 16% in 10 years: Report

New Delhi (IANS) The average selling price of smartphones in India has declined by 16 per cent during 2009-2018, a joint-report by ICEA and KPMG said on Tuesday.

The fall in prices can be attributed to the adoption of open source operating…