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Updated: 32 min 36 sec ago

PSBs plan tighter lending norms for corporate loans above Rs 2.5 billion

Fri, 03/16/2018 - 01:30
Public sector banks have decided to improve their risk-management systems

Govt plans to set up ombudsman to empower automobile owners and new buyers

Fri, 03/16/2018 - 01:27
India has had an ombudsman for banking sector since 1995 to address deficiency in banking services

Firms eye opportunities as Sitharaman talks up defence industrial corridor

Fri, 03/16/2018 - 01:22
More than half of her 23-minute talk at an industry gathering in Delhi on Monday was devoted to assuring support to private firms

HPCL, GSPC deals to hit oil PSU dividends in FY18 by at least 17%

Fri, 03/16/2018 - 01:20
According to multiple sources, this would mean a cut of about 17 per cent on the dividend collected from petroleum companies, to Rs 145 billion in 2017-18 from Rs 175 billion in 2016-17

Asian shares on defensive as new political worries sour mood

Fri, 03/16/2018 - 01:08
TOKYO (Reuters) - Asian stocks were on the defensive on Friday as worries over the U.S. investigation into the Trump Organization tested investor nerves, already frayed by fears U.S. tariffs could hurt the global economy and trigger a trade war.

YSR Congress moves a no-confidence motion the Lok Sabha against Modi govt

Fri, 03/16/2018 - 00:20
While the YS Jaganmohan Reddy-led party sought support from all opposition parties, its move could force rival Telugu Desam Party

RBI governor Urjit Patel's statements 'unbecoming', say officials

Fri, 03/16/2018 - 00:20
The official said, RBI had more power over private sector banks than over PSBs and a level playing field should be created in regulating PSBs

Gold policy likely to boost supply by Indian refineries

Fri, 03/16/2018 - 00:10
The proposed policy is to address the issues of transparency in gold and jewellery retailing, hallmarking and financing against gold

Fertiliser stocks gain up to 10% as stagnant urea prices will benefit firms

Fri, 03/16/2018 - 00:05
Shares gain up to 10% as stagnant urea prices will benefit companies

Largest U.S. radio company iHeartMedia files for bankruptcy

Thu, 03/15/2018 - 21:59
(Reuters) - IHeartMedia Inc filed for Chapter 11 bankruptcy on Thursday as the largest U.S. radio station owner reached an agreement with creditors to more than halve its $20 billion in debt.

News digest: Global trade war, PNB scam, Fortis shake-up, and more

Thu, 03/15/2018 - 20:24
The grounding of planes due to engine malfunction have led IndiGo and GoAir to cancel around 620 flights this month

Global trade war: India's export promotion schemes challenged by US at WTO

Thu, 03/15/2018 - 19:28
USTR asks for dispute resolution based on schemes ''unfairly benefitting Indian exporters''

Tata Sons' chief ethics officer Mukund Rajan resigns

Thu, 03/15/2018 - 19:01
Rajan was former managing director of Tata Teleservices Ltd, was appointed as group spokesperson and brand custodian in Feb 2013

HDFC Bank raises Rs 23 billion through issuance of rupee-denominated bonds

Thu, 03/15/2018 - 17:57
The issue carries a fixed coupon rate of 8.10% per annum with maturity on March 22, 2025

Alarm bells in BJP after UP bypoll defeat; talk of alliance in Opposition

Thu, 03/15/2018 - 17:47
The Samajwadi Party, supported by the BSP, romped home in the bypolls

Aircraft grounding: IndiGo, GoAir to cancel more than 600 flights

Thu, 03/15/2018 - 17:47
GoAir has decided to cancel138 flights between March 15 and March 22, according to the airline

Broader index earnings growth to be in high single-digits: SBI Life CIO

Thu, 03/15/2018 - 17:44
Sectors such as automobiles, staples, banks with retail portfolio and the metal sectors may show double-digit growth

Scandals to bailouts fail to dent analysts' faith in emerging-market banks

Thu, 03/15/2018 - 17:29
Strategists from Renaissance Capital to Newton Asset Management say emerging markets are so heterogeneous that idiosyncratic risks don't alter the big picture

HDFC board approves HDFC AMC IPO, to hold 50% post public offer

Thu, 03/15/2018 - 17:13
HDFC AMC had about $42 billion in average assets under management for the quarter ended September

Bandhan Bank IPO subscribed 42% on the first day of the issue

Thu, 03/15/2018 - 17:10
The qualified institutional investor (QIB) portion of the IPO has garnered 1.3 times subscription, while the retail quota has been subscribed 12 per cent