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20 February, 2018 4:50 PM HSBC India pre-tax net jumps 23% to $916 m in 2017

HSBC India today reported a 23 per cent jump in 2017 pre-tax profit at USD 916 million, helped by an all-round performance and lower tax budern. The British lender's domestic arm, which has announced a plan to almost halve its branch network here to 26, saw an improvement in profit from retail and wealth management verticals to USD 21 million from USD 15 million 23

20 February, 2018 6:24 AM Markets open flat amid investor caution

New Delhi: Stock markets on Tuesday opened flat amid investor caution. The BSE Sensex which opened at 33913.94 was trading 81.65 points or 0.24 percent up in early morning trade. The wider Nifty50 of the National Stock Exchange (NSE) traded at 10,392.90 points, up 14.50 points or 0.14 percent from the previous close. Sectoral indices led by metal, capital 32

20 February, 2018 5:10 AM Fitch places PNB on 'Rating Watch Negative' with downgrade possibility

Fitch today placed Punjab National Bank on 'Rating Watch Negative' (RWN), reflecting a possibility of downgrade following the USD 1.77 billion fraud. The fraud-- the biggest ever in the banking history-- has raised questions on both internal and external risk controls as well as the quality of management supervision considering that the fraud went undetected 29

19 February, 2018 9:29 PM BJP wins big in Gujarat civic elections, bags 47 municipalities, Congress 16

Ahmedabad: Continuing its victory run, the ruling BJP on Monday bagged 47 out of 75 municipalities in the Gujarat civic body polls. The main opposition, Congress, improved its tally this time by winning 16 municipalities, while the NCP and BSP emerged victorious on one each. Voting for the 75 municipalities was held on last Saturday and the results were declared 60

19 February, 2018 2:09 PM Replace ‘commission-driven’ rule with BJP’s ‘mission-driven’ govt., says Modi in Mysuru

Karnataka, he said, wants a “mission government” and not a “commission government.” Taking on Chief Minister Siddaramaiah on his home turf in Mysuru, Prime Minister Narendra Modi called upon the people to replace the “Commission-driven Government” of Congress in the State with a mission-driven BJP Government of the BJP. Addressing a BJP workers rally 1

19 February, 2018 9:36 AM Policy To Scrap 15-Year-Old Vehicles Almost Finalised: Nitin Gadkari

The new policy for scrapping vehicles old than 15-years is aimed at curbing rising vehicular pollution in the country. India will soon come out with a policy to scrap vehicles that are more than 15 years old, Union Minister Nitin Gadkari said today. The policy aims at curbing rising vehicular pollution in the country. "We have almost finalised the scrapping 60 1

19 February, 2018 7:42 AM Rough diamond imports up 11% in April-January period: GJEPC

Imports of rough diamonds have increased by 11.11 per cent to USD 15.53 billion during the April-January period of the current fiscal, according to Gems and Jewellery Export Promotion Council (GJEPC). The imports had aggregated to USD 13.97 billion in the 10-month period of last fiscal, 2016-17. The inbound shipments of gold bars also rose by 18.2 per cent to USD 4.37 billion 30

19 February, 2018 1:56 AM Free Sanitary Napkins For Women If Voted To Power: Mahila Congress

Sushmita Dev claimed the BJP will not win a single seat in Meghalaya, and its similar promise of free sanitary napkins will not happen. Shillong: All India Congress Committee Mahila president Sushmita Dev on Sunday said the party will provide free sanitary napkins to women in Meghalaya if voted to power in the February 27 Assembly elections. Ms Dev said she had urged 28

18 February, 2018 1:13 AM All Pillars Of Democracy Accountable To People, Says Lok Sabha Speaker

Sumitra Mahajan said the developmental agenda of India reflects the aspirations of Sustainable Development Goals (SDGs), set by the United Nations. Patna: Lok Sabha Speaker Sumitra Mahajan on Saturday said every pillar of democracy is accountable to the people. "The executive is accountable to people through legislature. Judiciary is also accountable 49

16 February, 2018 3:50 PM Flemingo Travel Retail files IPO papers with Sebi

Flemingo Travel Retail, a leading duty-free and travel retail operator, has filed preliminary papers with the capital markets regulator Sebi to garner Rs 2,600 crore through an initial share-sale. The firm will issue fresh shares worth Rs 2,423 crore besides an offer for sale of 11,29,500 scrips by one of its subsidiary Flemingo Duty Free Shop Mumbai 52