SBI puts NPAs worth Rs 424 crore on sale via auction

New Delhi (IANS) State-run State Bank of India (SBI) said on Tuesday that it has put non-performing assets (NPAs or bad loans) worth Rs 423.67 crore on auction to recover unpaid dues.

The accounts -- Kamachi Industries owes Rs 364.80 crore…

India to grow 7.3% this year, fastest for major economies: IMF

United Nations (IANS) India will retain its record as the world's fastest-growing major economy, expanding at a rate of 7.3 per cent this fiscal year despite a cut of 0.2 per cent from the projection made in January, according to the International…

Sensex, Nifty flat on oil export concerns from Libya

Mumbai (IANS) Indian equity and the currency market opened on a flat note on Tuesday as investors feared a further rise in crude oil prices owing to concerns over exports from war-torn Libya.

The oil prices were already on the rise…

BSNL's FY19 loss may have touched 12,000 cr

New Delhi (IANS) The state-run BSNL's 2018-19 losses may have touched Rs 12,000 crore if attributed exclusively to its services, official sources said.

The PSU has another board meeting on April 16, where it may discuss the trends…

Sensex down 340 points over weakness in rupee

Mumbai (IANS) The Sensex reversed early gains to fall over 340 points owing to sharp rise in crude oil prices. The rupee, in line with equities, weakened by over 50 paise against the dollar during the intra-day trade on Monday.

The benchmark…

Small cities order food big as Zomato goes global

New Delhi (IANS) Do you know that Indore requests more midnight deliveries than Mumbai or 70 per cent of online food delivery platform Zomato's regular users in Kolhapur had never tried food delivery in their life -- even over a phone…

High airfares to hit passenger traffic growth: Fitch

Mumbai (IANS) Rating agency Fitch on Friday said that a capacity constraint led an increase in airfares will dent passenger traffic growth.

According to Fitch, the Indian aviation market has seen a sharp increase in airfares…

'Facebook ad delivery inherently discriminatory'

New York (IANS) Facebook's ad delivery algorithms have an inherent system that discriminates based on race and gender even when advertisers have no such plans, researchers have found.

The team from Northeastern University, the University…

Jalan panel norms to apply to current, future RBI reserves

New Delhi (IANS) The Bimal Jalan panel examining the RBI's policy of distributing its reserves may suggest a guiding principle for surplus transfers as well as a specific timeframe for its application while keeping in mind the public policy mandate…

RBI cuts key lending rate to 6%

Mumbai (IANS) In the first monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 6 per cent.

"On the basis of an assessment…