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.

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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…

Madras High Court declines interim relief to Vedanta

Chennai (IANS) The Madras High Court on Wednesday declined interim relief to Vedanta Ltd to take up maintenance work at its copper smelter plant in Thoothukudi.

The court posted the case to April 23 for next hearing.

Hearing the petition…

Markets in green: Sensex up 200 pts, Nifty crosses 11,500

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note up 200 points, while the Nifty crossed the 11,500 mark.

The Sensex of the BSE opened at 38,372.03 points and touched a high of 38,456.86 and a low of…

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…

Jet Airways to fly 40 more aircraft by April end

Delhi (IANS) Jet Airways' management on Tuesday informed the Civil Aviation Ministry that it would fly 40 more aircraft by April end and also assured that it would not ground any more aircraft, Civil Aviation Secretary Pradeep Singh…

SBI, Ministry devise plan to pay Jet staff: Sources

New Delhi (IANS) The new interim management of the cash-strapped airline Jet Airways led by state-run SBI to oversee the daily operations and cash flow on Tuesday drew up a plan in consultation with the Civil Aviation Ministry to address…

L&T to buy 31% Mindtree shares at Rs 5,030 crore

Bengaluru (IANS) Infrastructure behemoth Larson & Toubro (L&T) Ltd on Tuesday offered to buy over 5.13 crore shares or 31 per cent of IT major Mindtree's equity stake for Rs 5,030 crore at Rs 980 per share of Rs 10 face value.

"L&T…

Sensex jumps 400 pts, Bank Nifty up 2.39%

Mumbai (IANS) Both Sensex and Nifty advanced over 1 per cent each during the afternoon session of trade on Tuesday owing to a recovery in the Asian markets.

The Nifty PSU Bank index, up 2.31 per cent, led the gains on the NSE while the IT index…

India, China, US see 70% rise in energy demand: IEA

New Delhi (IANS) China, the US and India together accounted for nearly 70 per cent of the rise in energy demand, even as such demand worldwide grew by 2.3 per cent last year, at its fastest pace this decade, the International Energy Agency…