Serving, retired employees of public sector insurers to benefit from pension option

Chennai (IANS) Retired and serving employees of government-owned insurance companies are happy at the Centre's decision to offer another chance to opt for pension scheme.

"I am happy with the interest rates on bank deposits sliding…

ICICI-Videocon loan case: ED questions Matix owner Nishant Kanodia

Mumbai, March 3 (IANS) The Enforcement Directorate here on Sunday interrogated Matix Group owner Nishant Kanodia in its ongoing investigation in an alleged loan scam involving ICICI Bank and the Videocon Group, an official said.

This was the…

Cheaper Chinese smartphones flood Pakistan, interior areas

New Delhi (IANS) Despite a below-average mobile penetration in Pakistan, cheaper Chinese smartphones have flooded the country -- especially its interior parts.

The initial video and photos of captured Indian Air Force (IAF)…

India's factory output rises to 14-month high in February

Mumbai (IANS) Healthy demand conditions accelerated the pace of India's manufacturing sector output in February to a 14-month high, a key economic data showed on Friday.

As per the Nikkei India Manufacturing Purchasing Managers' Index…

Sensex opens 200 points up, metal stocks surge

Mumbai (IANS) Sensex and Nifty opened on a firm note on Friday as the benchmark Sensex jumped 200 points and the Nifty traded at 10,850.

Healthy buying was seen in all the sectors with the metal index leading the pack, closely followed…

India's GDP growth projection lowered to 7% in 2018-19

New Delhi (IANS) India is estimated to grow at a slower pace of 7 per cent in 2018-19, down from the 7.2 per cent attained during the previous financial year, according to official data.

"Real gross domestic product (GDP) at constant (2011-12)…

PSU banks recover Rs 98,000 cr in first 3 quarters of FY19

New Delhi (IANS) Banking Secretary Rajeev Kumar on Thursday said the PSU banks have recovered Rs 98,000 crore in the first three quarters of the current financial year.

The provision coverage ratio (PCR) of the banks for bad loans have also…

Australia, Brazil launch WTO action against India

Canberra (IANS) Australia and Brazil have decided to escalate a trade dispute with India over sugar subsidies before the World Trade Organisation (WTO), Canberra said.

Trade Minister Simon Birmingham announced this late Wednesday…

Mukesh Ambani first Indian to join top 10 richest list: Hurun Research

Mumbai  (IANS) Reliance Industries Chairman and Managing Director Mukesh Ambani has became the first Indian to enter the global top 10 richest billionaire list complied by Hurun Research.

According to the Hurun Global Rich List…

RBI removes Allahabad Bank, Corporation Bank, Dhanlaxmi Bank from PCA

New Delhi (IANS) The Reserve Bank of India (RBI) has taken off Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the Prompt Corrective Action (PCA) framework allowing them to resume their normal lending activities.

The…