New Delhi: As many as 34 power companies have accumulated Rs 1.4 lakh crore of NPA for Indian banks while 41 corporates across sectors, including those from infrastructure, textile, telecom, sugar, steel, energy, power and fertilisers have Rs 84,000 crore piled up NPAs which have taken the bad loan total[Read More…]
business
‘Pakoda or idli shop, labour needn’t be ashamed of’: Expert idli caterer
By Venkatachari Jagannathan Chennai: There is nothing wrong about Prime Minister Narendra Modi asking educated youth to set up pakoda business and stand on their own feet, said an expert idli caterer who has made it big selling the humble south Indian dish. “Elders used to say there is no[Read More…]
Equity indices open in green, Sensex up 100 points
Mumbai: The key Indian equity indices opened on a positive note on Friday with the BSE Sensex over 100 points. The domestic indices rose in tandem with the rise in Asian markets, analysts said. Healthy buying in all the sectoral indices, led by telecom, metal and oil and gas stocks[Read More…]
Bank of Baroda to get Rs 5,042 crore capital infusion from government
New Delhi: Ahead of its merged entity operation, Bank of Baroda will receive Rs 5,042 crore fund infusion from the government. The Ministry of Finance has conveyed its decision to infuse the capital in Bank of Baroda. The infusion will be by way of preferential allotment of equity shares (special[Read More…]
“Why not Kingfisher?” Vijay Mallya criticises NDA govt for ‘double standards’ after Jet Airways bailout
A day after the government announcement of Public Sector Banks (PSUs) bailout plan for Jet Airways, fugitive liquor baron Vijay Mallya lashed out at the PSUs for their “double standards” under the current NDA regime for their intervention to bailout Jet Airways while the same lenders made his Kingfisher airlines “fail[Read More…]
Markets in green: Sensex up 70 points, Nifty at 11,380
Mumbai: Key equity indices had a muted start on Tuesday. The benchmark Sensex was up 70 points while the Nifty advanced by 24 points. Both the indices opened slightly higher after some recovery was seen in the Asian markets after Monday’s slide. A global sell-off was triggered after concerns of[Read More…]
Working class employees left in the lurch at IL&FS resolution
New Delhi: The NCLAT has received intervening petitions from nearly 100 creditors, seeking redress in the proposed IL&FS Resolution Plan that was submitted by the government. The petitions are from both secured and unsecured creditors, including a wide array of corporates and their PF Funds, employee funds, MNCs, postal funds,[Read More…]
Ola cabs banned in Bengaluru for 6 months
Bengaluru: Karnataka Transport Department on Friday suspended the licence of online cab aggregator Ola for six months in Bengaluru for running its bike taxis while possessing a licence for only four-wheelers, an official statement said. The order from the Transport Department, dated March 18, issued to Ola operator ANI Technologies[Read More…]
Netflix tests Rs 250 per month mobile-only subscription plans to boost user base in India
In a move to expand its user base in India, Netflix, the America-based streaming giant, has extended its cheaper mobile-only subscription trials to India. The new Rs 250 per month mobile-only subscription plan is being tested with select users in the country. Netflix has confirmed it’s not an official roll-out of[Read More…]
Sensex, Nifty advance for the 7th straight day
Mumbai: The key indices continued their positive momentum, logging a seventh straight session of gains, riding specific large caps and upbeat sentiments over sustained foreign fund inflow. “Buying emerged in the late afternoon session on the back of positive European markets,” said Deepak Jasani of HDFC Securities. The S&P BSE[Read More…]
