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Bank woes to pass as recovery of bad loans gathers pace

Banks placed under Prompt Corrective Action can be restricted from expanding the number of branches, staff recruitment and increasing the size of their loan book.

17 Aug 2018

PM announces 150 per cent hike in MSP for kharif, higher FRP for sugarcane

PM assured Sugarcane farmers that within the next two weeks, the FRP for sugarcane for the sugar season of 2018-19, will also be announced, which will be higher than the 2017-18 price.

29 Jun 2018

Vijay Mallya wants to sell assets worth Rs 13,900 crore to settle dues

India has asked Britain to extradite Mallya to face trial after the liquor and aviation tycoon fled there in March 2016.

27 Jun 2018

Can't repay debt because PNB went public: Nirav Modi in letter

The billionaire jeweller claims his liability to PNB is less than Rs 5,000 crore; CVC holds marathon meetings with PNB, finance ministry and CBI.

22 Feb 2018

Scale up food processing sector by ten-fold in 5 years: Piyush Goyal

The minister said price stability across various food products can be ensured throughout the year in India by innovative solutions around transportation and storage.

06 Nov 2017

India’s food consumption to touch USD 1 trillion: President Ram Nath Kovind

Country’s food processing sector has ‘large business appetite’ to attract big-ticket investments: President Ram Nath Kovind

06 Nov 2017

India to be a High Middle Income Economy

Improvement in Ease of Doing Business rankings a rare achievement: World Bank CEO Kristalina Georgieva

05 Nov 2017

Sri Lanka import rule to hit Bajaj

omegrown automaker Bajaj Auto’s results for the second quarter last week, despite a marginal fall in net profit, managed to incite interest from investors.

22 Oct 2017

Dutch workers oppose Tata Steel’s merger deal

A section of workers at Tata Steel’s Netherlands unit have expressed concerns over the proposed deal between the Indian steel major and the German giant Thyssenkrupp to combine

22 Oct 2017

Sovereign gold bond rate fixed at Rs 2,971 a gm, subscription from Oct 23

The government has fixed the purchase price of sovereign gold bonds (SGB) at `2,971 a gram. For the subscription period from October 23-25, the issue price will be `2,971 a gram

22 Oct 2017

Google awaiting RBI nod to begin mobile payments service: NPCI

Facebook and Whatsapp too are in discussion with it, regarding the rolling out of their UPI payment services, NCPI stated.

11 Jul 2017

Google awaiting RBI nod for UPI: National Payments Corporation CEO

Google has completed the testing of its Unified Payments Interface (UPI) payment service and is awaiting Reserve Bank of India’s (RBI)

11 Jul 2017

Work begins at LNG terminal at Dhamra

Saturday saw the ground breaking ceremony of the `6,000 crore LNG Terminal at Dhamra port in Odisha’s Bhadrak district. The terminal is set to play a major role in the supply of LNG to the region a

09 Jul 2017