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Gross NPAs increased to 10.2% in September 2017, compared to 9.6% in March, according to the RBI which has cautioned against further deterioration.

Toxic loans mount: Are banks to be blamed?

The advantage of having extra capacity in the form of lacunae in the infra sector in particular meant that there was...

15 April 2018 6:07 AM IST

The Department of Telecom (DoT) is likely to approve on Monday the merger of Vodafone India and Idea Cellular that will create the countrys largest mobile service operator with proposed name of Vodafone Idea Ltd.

Vodafone Idea plummets over 9 per cent to hit 52-week low

Shares of Vodafone Idea slumped 8.66 per cent to Rs 3.48 apiece - its 52-week low - on the BSE.

31 Oct 2019 11:28 AM IST

While corporate private banks earnings have been impacted by the one-time deferred tax asset (DTA) write-downs, the retail-focussed banks reported better profitability. In contrast, most public sector banks continued with the 35 per cent corporate tax regime, and therefore, no adjustments were requi-red in DTA.

Private banks stay in profit, PSBs return to losses

The GNPA of private banks grew from Rs 185,027 crore during Q2FY19 to Rs 191,191 crore in Q2FY20 i.e. by 3.3 per cent.

20 Nov 2019 3:36 AM IST

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

'Bonanza time': Foreign carriers savour rising India demand as Jet...

Jet Airways's descent into crisis has benefited international airlines in with of rising fares and demand, data showed.

26 April 2019 4:58 PM IST

The source confirmed a report by a Washington Post columnist that the administration will terminate the sanctions waivers it had granted to some importers of Iranian oil late last year. (Representational Image)

Rising crude prices to adversely impact CAD, rupee, inflation: Report

A 10 pc spike in crude prices can result in a 0.40 pc widening of the CAD and also push up inflation by 0.24 pc.

24 April 2019 2:15 PM IST

The H1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise in specialised fields.

H1-B visa restrictions compel Indian tech firms to hire more locals:...

Infosys led with 2,122 visa denials in fiscal year 2017-18, followed by its larger rival TCS with 1,896 rejections.

6 April 2019 10:47 AM IST

Fiscal deficit for the financial year 2016-17 is budgeted at 3.5 per cent.

States' share of market borrowing up at 91 pc in FY19: Report

In FY19, states' budgeted borrowing from the market stood at Rs 4,40,700 crore.

25 May 2019 1:28 PM IST

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

DHFL shares close with over 9 per cent loss

On the BSE, the scrip of the NBFC opened on a negative note and further slumped to Rs 117.65.

22 May 2019 5:15 PM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

IL&FS case: Sebi widens probe into role of rating agencies

Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.

21 July 2019 11:55 AM IST

Sebi regulates Indias capital market. (Photo: PTI)

CARE Ratings sends CEO Rajesh Mokashi on leave pending inquiry

The agency appointed T N Arun Kumar, currently executive director of ratings, as interim CEO.

18 July 2019 12:37 PM IST

India is poised to move on a higher growth trajectory provided such politically motivated attempts to discredit India and dent its credibility and progress is appropriately countered, said CAs. (Photo: pixabay)

India Inc reports lower revenue, profit growth in Q1: Report

India Inc's net sales growth for the June quarter slid to 4.6 per cent as against 13.5 per cent for the same period last...

21 Aug 2019 7:13 PM IST

The company remains confident to be able to monetise some of these assets over the next two quarters and bring down the debt significantly, Reliance Capital said in a filing to stock exchanges. (Photo: Twitter)

Reliance Capital shares tumble over 11 pc after ratings downgrade

The scrip tanked 11.32 per cent to Rs 27.80 -- its 52 week low -- on the BSE.

23 Sept 2019 12:37 PM IST