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Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Banks close FY19 with 13.2 per cent credit growth

For FY18 bank credit had grown by 10.5 per cent to Rs 86.25 lakh crore while the deposit growth was a mere 6.7 per cent...

12 April 2019 1:58 AM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

75 firms can return Rs 1.1 L crore to shareholders

These 75 companies can return a median of 49 per cent of their total cash and cash equivalents to their shareholders.

12 April 2019 1:58 AM IST

The launch of Real Estate Investment Trust is expected to further attract investments in commercial properties going forward.

Big business houses get into real estate business

Birla Estates is a wholly owned subsidiary of Century Textiles and Industries.

12 April 2019 1:58 AM IST

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Jet cancels flights on international routes

The Civil Aviation Ministry is awaiting a report from the regulator DGCA on the issue.

12 April 2019 1:58 AM IST

Global investors reworked their investment strategies following Demonetisation and Trumps plans.

Indian cos' foreign investment rises 18 pc to USD 2.69 bn in March

Major investors included Tata Steel, which pumped USD 1.15 billion in a subsidiary in Singapore.

11 April 2019 7:58 PM IST

Sebi has begun looking into the matter for any possible disclosure and corporate governance-related lapses.

Sebi comes up with system audit framework for AMCs-MFs

The regulator has asked MFs and AMCs to conduct system audit on an annual basis by an eligible independent auditor.

11 April 2019 7:51 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee rises for 3rd day, up 19 paise at 68.92 against dollar

Rupee rise was driven by sustained foreign fund inflows.

11 April 2019 6:27 PM IST

The UIDAI has restored Bharti Airtels authorisation to conduct Aadhaar-based verification of its mobile subscribers.

Tata Tele merger: DoT seeks Rs 7,200 cr bank guarantee from Airtel

The proposed merger will include transfer of all the customers and assets of Tata CMB to Airtel.

11 April 2019 6:19 PM IST

US oil shipments to China have surged, creating trade between the worlds two biggest powers that until 2016 just did not exist.

Saudi oil cuts deeper than promised: International Energy Agency

The Paris-based IEA said production by OPEC kingpin Saudi Arabia dropped to its lowest level in two years in March.

11 April 2019 6:11 PM IST

Smart Cities are one of Indias flagship projects. Of the proposed 100 Smart Cities, many face severe ecological and environmental risks from climate change-linked disasters such as flooding, drought and cyclones.

India, Sweden ink pact to collaborate on solutions for smart cities,...

Ambassador Klas Molin batted for putting in FTA saying "the need for bilateral agreements is important" as industries...

11 April 2019 4:08 PM IST

The benchmark BSE Sensex gained over 156 points in early trade on Tuesday. (Photo: AP)

Sensex, Nifty end marginally higher as Lok Sabha polls begin

The 30-share BSE Sensex inched up 21.66 points, or 0.06 per cent, to close at 38,607.01.

11 April 2019 4:06 PM IST

US Federal Reserves meeting tomorrow is expected to put gold on an upward trajectory and leave behind the interest rate narrative that has been controlling the price movement for quite some time.

Gold slides on muted demand, sluggish trend overseas

Gold is trading at Rs 33,020 per 10 gram in the national capital on tepid demand from local jewellers.

11 April 2019 3:38 PM IST