Maharashtra's Solapur eyes to be sourcing hub for uniforms

Bengaluru (IANS): Textile city Solapur in southeast Maharashtra is eying to be the country's uniform sourcing hub, said a trade official on Thursday.

"We plan to have about 2,000 garment units in the textile city to become the world's…

Lenders recover Rs 80,000 cr via NCLT, Rs 70,000 cr more likely: Jaitley

New Delhi (IANS): Banks struggling with the Rs 10-lakh crore non-performing assets (NPAs or bad loans) crisis are likely to recover around Rs 70,000 crore by the current fiscal-end over the Rs 80,000 crore they have already recovered through the insolvency…

Equity indices open in red, Sensex down over 100 points

Mumbai (IANS) The key Indian equity indices opened in the negative territory on Wednesday with the S&P BSE Sensex losing over 100 points.

Auto and metal stocks witnessed heavy selling pressure on the indices.

At…

Cabinet nod for merging Dena Bank, Vijaya Bank with Bank of Baroda

New Delhi (IANS) The Union cabinet on Wednesday approved the merger of public sector lenders Dena Bank, Vijaya Bank with Bank of Baroda (BoB).

Briefing reporters following the cabinet meeting, Law Minister Ravi Shankar Prasad said…

GST collections slip to Rs 94,726 crore in December

New Delhi (IANS): Revenue collection under the Goods and Services Tax (GST) fell for the second straight month to Rs 94,726 crore in December from Rs 97,637 crore collected in November despite a rise in the number of tax returns filed.

The…

Equity indices open in green, Sensex up 200 points

New Delhi (IANS): The key Indian equity indices opened on a positive note on Monday with the S&P BSE Sensex trading 200 points higher.

In the Asian markets too, indices traded on a positive note so far in the day.

At 9.19 a.m., the…

Don't need RBI's reserves to meet fiscal deficit: Jaitley

New Delhi (IANS): Finance Minister Arun Jaitley on Monday made it clear that the government does not need RBI's reserves to bridge the widening fiscal deficit as the Lok Sabha voted the Supplementary Demands for Grants for 2018-19 to…

Government to infuse more than Rs 10,000 cr into Bank of India

Mumbai (IANS) The Central government has decided to infuse Rs 10,086 crore into Bank of India.

The bank informed the BSE in a regulatory filing on Saturday that the capital infusion in its equity will be done by way of preferential…

Fuel prices down 30 paise, petrol at new 2018 low

New Delhi (IANS): Domestic fuel prices fell around 30 paise on Saturday as the cost of petrol touched fresh low levels for 2018 across the four metros.

In the national capital, petrol price was at Rs 69.26 per litre, 29 paise down from the…

Sensex ends 269 points up, Nifty settles at 10,858

Mumbai (IANS): Tracking overnight gains in the US markets, the key equity indices -- the BSE Sensex and the Nifty50 -- closed on Friday with 0.75 percent gains. Taking cues from the Asian markets both indices stayed comfortably in the green throughout…