Business
RBI Should Play its Role More Actively: RSS-affiliated Swadeshi Jagran Manch on Rupee Fall
Discussing RBI Governor Urjit Patel's remarks that the domestic currency is still better than its emerging market peers, SJM co-convener Ashwani Mahajan said the Central Bank needs to play its role more actively.
After Pilots and Engineers, More Jet Airways Employees Hit by Salary Default
The Naresh Goyal-controlled airline is struggling to mop up funds to meet its payment obligations, including salaries to its over 16,000-strong workforce.
HDFC Raises Retail Lending Rate by 10 Basis Points With Immediate Effect
On Saturday, state-run Punjab National Bank had increased its benchmark lending rates or MCLR for short-term loans by up to 0.2 per cent, effective Monday.
Public Banks Recover One–Seventh of Loan Write-Offs Since 2014, Fare Better Than Private Ones
From April 2014 to April 2018, the loans written off by 21 Public Sector Banks were over 166 percent of the amount in the 10 years till 2014.
Govt Waives Import Duty on 35 Capital Goods to Boost Mobile Phone Manufacturing
In a notification dated September 28, the finance ministry exempted items such as printed circuit board (commonly known as motherboard) coating machine, PCB assembly loader, unloader from the customs duty.
India's External Debt Declines 2.8 Per Cent to $514.4 Billion at End-June: RBI
As per the RBI, the decrease in the magnitude of external debt was primarily due to valuation gains resulting from the appreciation of the US dollar against the Indian rupee and major currencies.
Tata Consultancy Services Completes Rs 16,000 Crore Share Buyback
The filing said 4.97 crore shares held by Tata Sons, 26.65 lakh shares offered by RBC Emerging Markets Equity Fund and 26.31 lakh shares by Copthall Mauritius Investment Limited were accepted under the buyback.
‘Postmortem Easier Than Action’: Jaitley Slams Raghuram Rajan for Banking Crisis Statement
Rajan, in a note to a parliamentary committee, had warned against ambitious credit targets and loan waivers, saying that they could be the sources of next banking crisis.
Job Addition Soars to 11-month High of Nearly 14 Lakh in July: CSO Report
As many as 13.97 lakh new members joined the health insurance scheme run by the ESIC in July this year, which is the highest in any month since September 2017, a report of the Central Statistics Office said.
Eight Indian Sailors Stranded on Ship for 9 Months in UAE
The crew members of the Panama flagged ship, that entered Dubai waters in November last year, claimed that their company has abandoned them without providing wages and enough food and fuel.
Rupee Drops 29 Paise to 72.49 Against US Dollar as Greenback Strengthened Overseas
Forex dealers said the greenback's strength against other currencies overseas, after reports that China had cancelled upcoming trade talks with the US, weighed on the Indian rupee.
In-Flight Connectivity to be Enabled Soon in India: Telecom Secretary
Globally, many airlines are already offering wi-fi for passengers, but they currently have to switch off the facility when they enter the Indian airspace.
Yes Bank Stocks Tumble, Hit 52-week Low After RBI Cuts Short CEO Rana Kapoor's Term
The share touched a 52-week low of Rs 210.10 soon after the opening bell before recovering a bit to Rs 242 at the time of filing this report.
IGL to Set Up 60 CNG Stations, Give 2 Lakh Connections in FY19
Indraprastha Gas Limited with 452 CNG stations in Delhi, Noida, Greater Noida, Ghaziabad and Rewari, has started to give the franchise to dealers who own lands.
Bank Merger Triggers Fear of Job Loss, Many Customers Mull Shifting Accounts
The Centre’s decision to amalgamate Vijaya Bank, Dena Bank and Bank of Baroda in order to consolidate stressed financial assets has left most, if not all, junior employees of the three banks worried.
Hiring of Women Saw 2.5% Dip Between 2017 and 2018, Says Report
While in 2017, 36 per cent of all hires were women, in 2018, this stood at 33.5 per cent, according to the 2018 Working Mother and AVTAR BCWI report said.
