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15 January, 2019 9:44 AM Bank Of China Offers Sri Lanka $300 Million Loan: Source

The Sri Lanka overnment is considering the offer because of "difficulty in borrowing money after recent ratings downgrades", the source said, declining to be named as the information was not public. Bank of China, the country's fourth-biggest lender by assets, has offered a loan of $300 million to Sri Lanka which can be raised to $1 billion, a source 141

14 January, 2019 3:20 PM Coast Guard tightens surveillance for Gangasagar Mela, deploys its assets for search and rescue ops

The Coast Guard has deployed its assets for Search and Rescue Operations (SAR) in case of any eventuality. NEW DELHI: The Indian Coast Guard has drawn elaborate arrangements for the Gangasagar Mela where hundreds and thousands of devotees converge each year on the occasion of Makar Sankranti to take a holy dip at the confluence of river Ganga and the Bay of Bengal 179

12 January, 2019 4:41 PM Syndicate Bank hopes to recover Rs 1,500 crore from NPAs

Currently, Syndicate Bank has a total business of roughly around Rs 4.80 lakh crore, Syndicate Bank hopes to recover about Rs 1,500 crore from non-performing assets (NPAs) over the next three to six months, chief executive officer and managing director of the bank Mrutyunjay Mahapatra said. The bank is adopting a combination of methods to recover bad loans 111

12 January, 2019 4:35 AM MF Wrap: All categories saw addition in folios in December; Equity funds lead

Equity folios halved too from 10.6 lakh folios in October to 4.91 lakh folios in December. Equity funds include pure equity, ELSS and balanced funds. Equity fund folio addition has boosted the domestic mutual fund industry, helping it register over 5.7 lakh more investor accounts in December, according to the data on the Securities and Exchange Board 85

10 January, 2019 8:00 AM Mining and Exploration sector's net profit margin higher than average of all CPSEs during 2017-18

Mining and Exploration Sector also registered highest return on Net Worth. New Delhi: The Public Enterprises Survey 2017-18 on the performance of Central Public Sector Enterprises, was tabled in both the Houses of Parliament last month. The Survey, brought out by the Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises 72

9 January, 2019 3:18 AM IL&FS Crisis: Lenders Asked To Classify Loans To Firm As Non-Performing, Says Report

In October, the government took control of IL&FS, after a string of defaults on debt obligations by the company spooked domestic markets. The Reserve Bank of India (RBI) has asked lenders of Infrastructure Leasing and Financial Services (IL&FS) to classify loans extended to the bankrupt shadow banking firm as non-performing, two sources with direct knowledge 118

8 January, 2019 5:27 PM Rs 10,253-cr agri loan by Syndicate Bank turned NPAs in last 5 fiscals: RTI reply

The NPA of the public sector bank increased in the last three fiscals, with the bad loans soaring to Rs 3,851 crore in 2017-2018. Agriculture loans worth Rs 10,253 crore disbursed by Syndicate Bank have turned into non-performing assets (NPAs) in the last five fiscal years until March 2018, revealed an RTI query. The NPA of the public sector bank increased 77

8 January, 2019 2:16 AM Tax Officials To Meet Kannada Film Fraternity Members After Raids

Tax officials had recently raided top Kannada actors and film producers in Bengaluru. Twenty-three properties were searched. The Income Tax department will soon hold a meeting with the Kannada film industry fraternity on the need for paying taxes and filing returns, Karnataka Director-General Income Tax (Investigation) BR Balakrishnan said. Tax officials 65

6 January, 2019 2:24 PM Reliance Communications Says 'Fully Committed' To Settle Dues With Ericsson

Telecom company Reliance Communications Ltd (RCom) said it remained "fully committed" to settle dues with Swedish telecom gearmaker Ericsson from the proceeds of its sale of wireless assets to Reliance Jio Infocomm Ltd. "RCom has taken all required steps towards enabling the settlement and remains fully committed to make the payment to Ericsson from the proceeds 75

5 January, 2019 4:59 PM ED granted court's permission to interrogate Brajesh Thakur

The Enforcement Directorate (ED) was on Saturday granted permission from a special court to interrogate Brajesh Thakur, the prime accused in the Muzaffarpur shelter home sex scandal case. The Enforcement Directorate (ED) was on Saturday granted permission from a special court to interrogate Brajesh Thakur, the prime accused in the Muzaffarpur shelter 92