Wednesday, January 1, 2020, 1:45 PM
PM Narendra Modi met a number of business leaders and entrepreneurs over the past week to seek feedback on various sectors as well as suggestions on policy measures to boost growth and accelerate the drive toward a $5-trillion economy. More such meetings are planned in the days ahead. It's looking to boost GDP to $5 trillion by 2025 from about $2.8 trillion now.
Thursday, October 3, 2019, 10:58 AM
The RBI is expected to cut benchmark interest rates for the fifth-time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing. The RBI is predicted to lower its key lending rate or the repo rate by 25bps to 5.15%, which would take cumulative cuts so far this year to 135bps.
Wednesday, July 17, 2019, 8:42 AM
Total bad loans of commercial banks declined by Rs.1.02-lakh-crore to Rs.9.34-lakh-crore in the 2018-19 fiscal on the back of steps taken by the government, Finance Minister Nirmala Sitharaman said. Sitharaman said the SCBs effected record recovery of Rs.4,01,424 crore over the last four financial years, including record recovery of Rs.1,56,746-crore during 2018-19 ( provisional data for 2018-19, as reported by RBI on July-9, 2019).
Monday, June 3, 2019, 3:07 PM
The Reserve Bank may go for another round of rate cut, third in a row, on Thursday to prop up the economic growth which dropped to a five-year low in the final quarter of 2018-19, opined experts. The RBI's Monetary Policy Committee (MPC) is slated to announce its bi-monthly policy on Thursday amidst Narendra Modi-led government starting its second term.
Monday, February 18, 2019, 8:05 PM
Ranveer Singh-starrer Gully Boy is trending well at the box office with its four-day collection standing at Rs.72.15 crore. Film experts are confident that the film will do Rs.100 crore business in its first seven days. Gully Boy's success has consolidated Singh's position in the superstar league. And this is good news for the actor both in terms of film business and endorsement deals.
Sunday, January 6, 2019, 5:04 PM
Lack of real-time data on NBFCs (non-banking financial companies) has pushed authorities to develop a system for more information about the sector as the government and the RBI are creating a new data source on such companies, The Indian Express reported. The NBFC sector has been witnessing liquidity crunch following the IL&FS crisis since August last year.
Monday, December 10, 2018, 7:54 AM
The outcome of controversial demonetisation drive would have been "significantly better" if "simple things" like introducing Rs.2,000 currency notes were avoided, banker Uday Kotak has said. The executive vice chairman and managing director of the fourth-largest private sector lender Kotak Mahindra Bank has also said small businesses are in a difficult situation at present and has welcomed the government focus to revive the sector.
Thursday, November 15, 2018, 9:06 AM
Dutch lender ING Group NV is selling the rest of its stake in Kotak Mahindra Bank in a deal that could be valued at Rs.7,600 crore, said investment banking sources. The deal, which is expected to happen this week on the secondary market through block deals, could be done at Rs.1,070 per share, a 5 per cent discount to Wednesday's closing price.
Sunday, October 21, 2018, 9:58 PM
Five of the 10 most valued companies in the country together added Rs 31,381.39 crore in market valuation last week, with ITC topping the chart. While HUL, ITC, Infosys -3.09 %, Kotak Mahindra Bank 1.95 % and ONGC saw addition in their market capitalisation (m-cap) for the week ended Friday, TCS, RIL, HDFC Bank -0.35 %, HDFC and SBI finished with losses.
Monday, October 1, 2018, 10:29 AM
Sensex was trading at 36,204, down 23.10 points. Nifty was at 10,902, down 28.15 points. Infosys, ITC, and GAIL are the top gainers, while Kotak Mahindra Bank, Yes Bank and J Kumar Infra have lost the most. Shares of Bandhan Bank have plunged 20 percent after RBI froze remuneration to its MD & CEO last week. The Nifty Midcap is down over a percent.
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