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Good days are feared to be over for the domestic petrochemical producers, who have been enjoying robust cash earnings over the past several years. Petrochem producers net debt levels have also been low.

Business

Good days behind for petchem industry: Icra

Going forward, the olefins cycle is likely to decline further and that in turn would lead to subdued returns, they...

10 Sept 2019 1:45 AM IST

Two septuagenarian sisters from Tirupur did petty jobs and hoarded money for 10 years, but are bewildered now that their savings, totalling Rs 46,000, are of little use as the government had demonetised Rs 1,000 and Rs 500 currency notes three years ago. (Photo: Representational Image/ File)

Business

Centre's interest waiver policy is manageable, say analysts

State Bank of India's new chairman Dinesh Khara in his first press interaction refused to comment on the issue as the...

8 Oct 2020 5:24 PM IST

As for financial assistance to the scheme, of the Rs 6.16 lakh crore investment in PMAY(U) projects, the Centre has sanctioned Rs 1.63 lakh crore, but has released only Rs 64,000 crore.

Business

Six years and PMAY(Urban) still moves at snail's pace

Of the investment in projects, the central government has sanctioned 26 per cent funds, but released only 10 per cent.

28 Jan 2020 1:32 AM IST

Capex of states may have to cut by Rs 1- 3.4 lakh crore, finds ICRA. (AFP Photo)

Business

States may cut FY21 capex by Rs 3 lakh crore, says ICRA

ICRA has projected that the gap between the GST compensation requirement and the cess collections for FY21 will be Rs...

10 Sept 2020 11:06 AM IST

In Financial Year 2016-17, the mutual fund on an average has added about 6.19 lakh SIP accounts per month.

Business

Small towns added Rs 4.36 lakh crore to MF assets in Feb: report

About 1.8 lakh new folios were added to the balanced category in the month.

14 March 2018 6:05 PM IST

There would be no privatisation of the state-owned Coal India, said interim CMD Gopal Singh.

Business

100 pc FDI in coal mining may attract global miners: report

Coal production from commercial coal mining is not likely to be significant in the next couple of years at least.

10 March 2018 11:23 AM IST

Increase in gold imports pushed the countrys trade deficit to USD 94.32 billion in April-September 2018-19.

Business

'Gold jewellery demand to grow 6-7 pc in medium to long-term'

Gold prices increased by over 6 per cent in the last one year which impacted consumption demand.

28 Dec 2018 4:57 PM IST

Indias GDP growth forecast for the current fiscal to 7 per cent from 7.4 per cent.

Business

India's GDP growth in Q4 of FY18 seen at 7.4 per cent: Icra

CSO is scheduled to come out with GDP estimate for the fourth quarter (Q4) of fiscal 2017-18 on May 31.

21 May 2018 3:59 PM IST

$Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.$ Business