Oriental Bank of Commerce (OBC) has reported a net loss of Rs 486.20 crore for the first quarter ended June due to lower income and
Month: August 2017
Allahabad Bank posts Rs 29 cr net profit; shares plunge 2.7% | Business Line
Usha Ananthasubramanian, Managing Director and Chief Executive Officer, Allahabad Bank. (file photo) Allahabad Bank has posted a net profit of Rs. 28.84 crore for the
Essel Finance to launch ₹300-crore SME fund | Business Line–12.08.2017
Essel Finance Management, the financial services arm of Subhash Chandra-promoted Essel Group, is to launch a new fund for Small and Medium Enterprises with a
Bitcoin players seek self-regulation | Business Line–12.08.2017
Form association to engage with policy-makers Bitcoin start-ups have urged the Centre to allow self-regulation of the segment. Digital Asset and Block Chain Foundation of
More pain ahead for country’s biggest bank | Business Line–12.08.2017
While the consolidated picture on asset quality post-merger was expected to be a cause for concern, higher-than-expected slippages, has rankled investors. With gross non-performing assets
LVB to focus on SME, retail segments | Business Line–12.08.2017
May raise ₹500-750 cr capital this fiscal Lakshmi Vilas Bank (LVB) plans to focus on three areas to drive revenues and grow its assets. It
Factory output at 4-year low, shrinks 0.1% in June | Business Line–12.08.2017
Factory output fell to a four-year low and contracted by 0.1 per cent in June with poor performance of manufacturing and mining sectors. This is
Survey has made a candid assessment of the economy, says India Inc | Business Line–12.08.2017
Volume 2 admits to growth slowdown from pre-Budget projections, say analysts India Inc and analysts said that the second volume of the Economic Survey for
‘Step up public spending on health, education’ | Business Line–12.08.2017
The Survey has called for more public investments in social sectors — mainly education and health — at a time when the NITI Aayog is
Exports need to grow at 26.5 % annually for India to grab 5% share of the world trade | Business Line–12.08.2017
Exports need to grow at 26.5 per cent annually for the next five years for India to reach a “respectable’’ 5 per cent share in
A maverick economist who speaks his mind | Business Line–12.08.2017
It was in October 2014 that US-based economist Arvind Subramanian took office as the Chief Economic Advisor in the Finance Ministry for a three-year term.
Deflation may lay economy low | Business Line–12.08.2017
India may not achieve the upper-end of the 6.75-7.5 per cent growth forecast for the current fiscal, noted the second volume of the Economic Survey
Undiluted attention to development is the need of the hour: C Rangarajan | Business Line–12.08.2017
“A major concern confronting the Indian economy relates to the slowdown in growth witnessed in the past 5 years” according to C Rangarajan, former Chairman,
RBI’s dividend to govt halves to Rs 30,659 crore | Business Standard News–11.08.2017
The Reserve Bank of India (RBI) will transfer Rs 30,659 crore of its surplus to the government for the financial year 2016-17, less than half
Mr Nilekani’s warning | Business Standard Editorials–11.08.2017
Nandan Nilekani, the founding chairman of the Unique Identity Development Authority of India (UIDAI), has once again raised concerns about the security of the data
Dividend to govt: High liquidity shrinks RBI surplus | Business Standard–11.08.2017
Abundant liquidity post-demonetisation with banks and resultant reverse repo measures by the Reserve Bank of India as well as cost of printing new currency notes
Reserve bank of india: Why RBI’s Urjit Patel should follow former Fed chairman Ben Bernanke’s ‘Operation Twist’–Economic Times–11.08.2017
Dr Y V Reddy as Reserve Bank of India governor had many run-ins with the government. One such prominent event was when he articulated the
Rupee: What led rupee’s single biggest fall since July 3–Economic Times–11.08.2017
The Indian rupee reversed its recent appreciating trend to decline the most in five weeks, with traders rushing to sell the local unit amid rising
GST impact: SMEs still working hard to sort out teething troubles–Economic Times–11.08.2017
India’s biggest job-creators – the small and medium enterprises (SMEs) — are still struggling to cope with the changes brought about by the country’s biggest
GST impact: A month on, exporters flood GST cell with refund queries–Economic Times–11.08.2017
More than a month after the government set up a cell in the commerce ministry to make exporters familiar with the recently introduced Goods and
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