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  • SBI net profit slips 69% to Rs 576 crore in Q2

    5 November, 2018 7:13 PM 154

    New Delhi: The country's largest lender SBI Monday reported 69 percent decline in consolidated net profit to Rs 576.46 crore in the second quarter ended September 30. The bank's net profit was Rs 1,840.43 crore in the July-September quarter of previous fiscal. The bank had reported a net loss of Rs 4,875.85 crore in the first quarter of the current fiscal

  • Eight of top-10 firms gain Rs 1.69 lakh crore in m-cap; TCS, SBI shine

    5 November, 2018 7:34 AM 136

    New Delhi; Eight of the 10 most valued Indian firms together added Rs 1.69 lakh crore in market capitalisation last week, led by Tata Consultancy Services (TCS) and SBI. A strong broader market drove the market capitalisation (m-cap) of the eight blue-chip firms, including ICICI Bank, HDFC and RIL, higher by Rs 1,69,865.11 crore for the week ended Friday

  • Mastercard lodged US protest over Modi's promotion of Indian card network RuPay

    2 November, 2018 9:18 AM 168

    New Delhi: Mastercard told the United States government in June that Prime Minister Narendra Modi was using nationalism to promote the use of a domestic payments network RuPay, and New Delhi`s protectionist policies were hurting foreign payment companies, a document seen by Reuters showed. Modi has in recent years backed India`s homegrown payments network

  • PNB posts Rs 4, 532 crore loss in Q2 as bad loans soar

    2 November, 2018 8:27 AM 112

    New Delhi: Fraud hit Punjab National Bank Friday posted a staggering loss of Rs 4,532.35 crore for the second quarter ended September 30, 2018 on rising bad loans. The state-owned bank had a net profit of Rs 561 crore in the July-September quarter of last fiscal 2016-17. Its total income during the September quarter of 2018-19 declined to Rs 14,035.88 crore

  • Sensex jumps 100 points, Nifty regains 10,400

    1 November, 2018 5:20 AM 148

    New Delhi: Rising for the second day, markets opened on a positive note on Thursday on positive global cues and healthy buying in auto and infra stocks. The BSE Sensex gained 3,500 level by jumping 109.34 points or 0.32 percent to 34,551.39 in early trade. Similarly the NSE Nifty edged higher by 33.10 points or 0.32 percent to 10,419.70. Sentiments got a boost

  • India jumps 23 places to take 77th rank in World Bank's 'Ease of Doing Business' index

    1 November, 2018 1:08 AM 152

    India has recorded a jump of 23 positions against its rank of 100 in 2017. New Delhi: India on Wednesday ranked at 77 in the World Bank's latest 'Ease of doing business' index. It has recorded a jump of 23 positions against its rank of 100 in 2017. In a near repeat of its performance last year, India now stands at 77 among 190 countries assessed by the multilateral

  • Markets open marginally higher, Nifty regains 10,200

    31 October, 2018 6:00 PM 158

    Asian stocks pulled away from 20-month lows on Wednesday. New Delhi: Markets opened tad higher on Wednesday with the NSE Nifty reclaiming 10,200. In early trade, the BSE Sensex jumped 97.21 points or 0.29 percent at 33,988.34. The NSE Nifty edged up 10.95 points or 0.11 percent at 10,209.35 . Tata Steel, Coal India, Bharti Airtel, PowerGrid, NTPC, IndusInd

  • Govt-RBI consultations are never made public, says Finance Ministry amid reports of rift

    31 October, 2018 6:00 PM 135

    New Delhi: Amidst the alleged rift between the government and RBI, the Finance Ministry on Wednesday emphasised on “public interest” and “requirements of economy” as the guiding force for both the parties, adding that it has never made consultations with the central bank public. Issuing a statement, the Finance Ministry said, “The autonomy for the Central

  • Fuel prices continue to decline; petrol at Rs 80.04 per litre in Delhi, Rs 85.54 in Mumbai

    28 October, 2018 3:54 PM 129

    New Delhi: In a big relief to consumers, fuel prices continued to witness a downfall on Sunday. Petrol and diesel were being retailed at Rs 80.05 (decrease by 40 paise) and Rs 74.05 (decrease by 33 paise) per litre respectively in the national captal on Sunday. In Mumbai - the country's financial capital - the fuel prices witnessed a marginal decline

  • New Agriculture Export Policy to unveiled soon, to double farmer’s income: Suresh Prabhu

    26 October, 2018 8:17 PM 183

    India produces nearly 600 MT of agri products. New Delhi: Commerce Minister Suresh Prabhu said that the government is preparing agro specific zones under the new Agriculture Export Policy which will be unveiled soon. “India produces nearly 600 MT of agri products including horticultural produce and its strategy is to increase farmer’s income by doubling