Home » Business » In Other News

In Other News - Page 157

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI releases 'Vision 2021' for payment systems for 'cash-lite' society

The Reserve Bank of India will implement the approach outlined in this Vision during the period 2019 - 2021.

16 May 2019 8:29 AM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Promoters find it difficult to exit insurance business

The Indian insurers offer a return on equity (RoE) of 10-20 per cent compared to their Asian counterparts that offer RoE...

16 May 2019 1:20 AM IST

As on March 31, 2019, there were 1,143 cases outstanding under the IBC of which resolution in 32 per cent of the cases was pending for more than 270 days.

IBC process helps recover Rs 70,000 cr bad loans in FY19: Report

The recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 per cent.

15 May 2019 8:49 AM IST

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Provisioning key theme of bank results in 4th quarter

Credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has come down to 2.75 per cent to 3 per cent in...

15 May 2019 1:55 AM IST

In the auto sector, the sentiment is muted, with buyers deferring purchases on lack of financing support from the non-bank finance companies, or NBFCs.

Outlook gloomy for auto, brightening for property: Survey

For cars in particular, purchase decisions appear to be getting pushed out to beyond a two-year horizon.

15 May 2019 1:48 AM IST

Adda 247 is one of the largest education-technology companies in India, focused on helping every student access quality education and training to become capable of cracking the most intensive competitive examinations. (Photo: Pixabay)

SME listings nearing 500-mark

After listing on the SME Exchange platform, 61 companies have now migrated to the main board of BSE.

15 May 2019 1:36 AM IST

Samsung Galaxy S10 5Gs rear and selfie cameras score first place in DxOmark ranking, the first smartphone to hit 100 bar in video.

Investments in security critical for network resilience in 5G era: A10...

Move to 5G is expected to open up new revenue opportunities for carriers and disruptive new use cases for many...

14 May 2019 5:03 PM IST

Brent crude futures, the global oil benchmark, rose 1.57 per cent to $71.73 per barrel due to simmering tensions in the Middle East.

Rupee sheds 62 paise, falls to 11-week low

The Indian currency had opened at 70.12 a dollar and hit a low of 70.54 during the day as oil prices rose over one per...

14 May 2019 2:26 AM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

India's rising oil demand to support investments in refineries:...

The country's dependence on imported crude oil to meet its needs has risen to 83.7 per cent in 2018-19.

13 May 2019 2:24 PM IST

Representational image of farmers cutting and gathering the sugarcane stems while harvesting.

Indian mills contract to export three million tonnes of sugar: Trade...

Indian mills have already shipped out 2.1 million tonnes of the sweetener.

13 May 2019 12:43 PM IST

Do new EPFO norms mean more pension?

Do new EPFO norms mean more pension?

The pension is calculated as the number of years in service multiplied by last drawn salary and divided by 70.

13 May 2019 4:38 AM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

E-commerce biggies bet on local language play

E-commerce sites have been targeting the English-speaking population of 130 million.

13 May 2019 4:23 AM IST