Centre pays sovereign guarantees to ADB, KfW for IL&FS

New Delhi (IANS) In a major development in the IL&FS crisis, the government has of late paid up on sovereign guarantees to Asian Development Bank (ADB) and KfW, a state-run bank of Germany, people in the know of the developments said.

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…

Stressed projects could be 'warehoused' post SC order

New Delhi (IANS) The government plans to revive its policy to "warehouse" stressed power assets and bring them back to health gradually after banks got freedom to pursue resolution for these assets following a Supreme Court order declaring…

Sensex jumps over 100 pts, Nifty crosses 11,700

Mumbai (IANS) The benchmark Sensex traded on a flat to positive note during the early trade on Tuesday after opening over 100 points higher.

The Sensex of the BSE opened at 38,988.57 from its previous close at 38,871.87 on Monday. At 9.36 a.m.,…

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…

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,…

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…

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…

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…

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,…