Foreign Exchange Reserves: Total reserves for week-ended May 31 up $1.87 bn at $421.7 Bn while foreign currency assets for week-ended May 31 Up $1.94 bn at $394.1 bn
Notes Bank, Aadhaar Spurred Digital Payments Growth: RBI
The study revealed that over the years, the number of debit and credit cards also increased considerably in India.
Revised Guidelines On Bad Loans Will Sustain Improvement In Credit Culture: Shaktikanta Das
The revised framework for resolving stressed assets by offering lenders a 30-day period to label an account an NPA but has withdrawn all other resolution methods.
FPIs pour in Rs 7,095 crore in first week of June
FPIs invested a net sum of Rs 1,915.01 crore in equities and Rs 5,180.43 crore in the debt segment during Jun 3-7.
Inflation Data, Industrial Growth To Induce Volatility In Equities: Experts
The Central Statistics Office (CSO) is slated to release the macro-economic data points of IIP and CPI (Consumer Price Index) from June 12
Central Bank of India plans to raise Rs 5,000 crore this fiscal to meet Basel-III norms
The bank will raise capital through follow on public offer, rights issue or QIP.
BSNL Asks Circles To Cut Down On Contract Labour
BSNL has been incurring losses for the last many years and except in 2014-15 where it had got an operating profit of Rs 672 crore.
Jaypee Infratech Homebuyers May Stop Paying Monthly Instalments: Report
JIL went into the insolvency process in 2017 after the NCLT admitted an application by IDBI Bank-led consortium seeking resolution of the realty firm
Adani Ports looks to raise $750 million via overseas bonds
The proceeds would be used to expand current capacity or buy assets available locally.
Reliance Power books impairment, arm defaults on loan repayment
Reliance Power has booked impairment and write-offs worth Rs 4,170 crore in the March quarter.
J&K Bank crashes 20% amid investigations against the chairman
R.K Chhibber and the management team will hold a conference call with the investors today.
New NPA circular from RBI – a significant number of cases may be headed to NCLT
NCP leader Praful Patel appears before ED in aviation scam PMLA probe case
Urban Ladder lays off 40% workforce in Q4 FY19: Report
The layoffs, which happened at multiple levels, brought the company’s headcount to 700
Eros International to buy back shares worth up to $20 mn in US market
HTC to make a comeback in the smartphone market with the launch of U19e on June 11
HTC previously launched a smartphone back in December 2018 and has lately been focusing on VR technology.
Budget May Consider Sops To Small Enterprises Export Units: Report
The other fiscal boosters like cheaper finance of lower interest rates and interest rate subvention can also form part of the incentives
BHEL bags orders worth Rs 520 crore to set up power plants in Maharashtra, Gujarat
BHEL said the order received from MAHAGENCO envisages setting up a 50 MW SPV plant at Kaudgaon, Maharashtra.
Govt unlikely to lower corporate tax for large companies, could raise LTCG tax: Report
RBI red-flag in 2012 pointed to irregularities in Religare Finance
RBI found irregularities in their inspection on January 6, 2012, for the financial year ending 2009-10.
RBI’s Revised Circular On Bad Loans A Credit Positive: Moody’s
Moody’s has also given thumbs up to the RBI’s move to extend the circular to NBFC firms on provisioning for NPAs
Inflation Likely To Hit Seven-Month High In May: Poll
The RBI changed its stance to “accommodative” from “neutral” last week and cut interest rates for the third time in a row
The slowdown in global trade adversely affects economic growth: Piyush Goyal
Centre may consider tax cuts for products in highest GST slab
The economic slowdown has most states in favor of a tax reduction to boost demand.
SIP flows will go up to Rs 10,000 crore in the second half: Swarup Mohanty, Mirae Asset
The entire fixed income space has been a little edgy over the last six-eight months, says Mohanty.
Maruti Suzuki India cuts vehicle production by 18% in May
The company cut production of mini segment vehicles by 42.29 percent to 23,874 units last month as against 41,373 units in the year-ago period.
RPP Infra Projects wins Rs 47 crore contract from BHEL
The project is based in Tuticorin, Tamil Nadu and is expected to be completed within 24 months.
UltraTech Cement gets a green nod for Rs 2,500 cr project in Andhra Pradesh
Banks Can Vote Against NBCC’s Jaypee Infratech Bid: Tribunal
IDBI Bank, the lead banker to JIL had approached NCLAT seeking permission to vote against public sector construction major’s bid
Total Withdrawal Above Rs 10 Lakh A Year May Attract Up To 5% Tax: Report
In its push towards a digital economy, the central government is thinking of introducing a tax of 3-5 percent on cash withdrawal of Rs 10 lakh in a year
Sebi discussion paper proposes up to Rs 1 crore reward for the tip on insider trade
Two Operational Creditors Take Jet Airways To Company Law Tribunal
The development comes at a time when banks are looking to resolve the once premier airline’s debt issues outside the insolvency process
Eros Group Says It Is Taking Action To Resolve Loan Payment Delays
Its shares plunged despite assurances from the company that it was working to sort out the delayed payments.
Plea in SC for action against Indiabulls Housing for misappropriating 98K cr public money
The petition alleged that money worth thousands of crores were siphoned off by Sameer Gehlaut, the chairman of the firm, and the directors of Indiabulls for their personal use.
Air India Could Post Over Rs 7,600 Crore Loss In 2018-19: Report
The government had last year set the ball rolling for Air India’s disinvestment offering 76 percent equity stake to private parties
Reliance Industries to shut crude unit at Jamnagar refinery
Reliance owns and operates two refineries at Jamnagar in Gujarat – a 33 million tonne a year DTA refinery that caters to local fuel demand and a 35.2 million tonnes only-for-export unit.
DHFL pays some investor dues, completes stake sale in Aadhar Housing
DHFL paid Rs 10.02 crore in interest on four NCDs and principal of Rs 35 crore on one of them.