Day: May 18, 2018

As crude oil prices soared above $80 a barrel for the first time since November 2014, government number-crunchers are feeling fidgety, as it will affect

Finance Minister Piyush Goyal on Thursday expressed confidence that the 11 public sector banks (PSBs) currently under the RBI’s Prompt Corrective Action (PCA) framework will

Scam-hit Punjab National Bank received a ‘warning’ from SEBI for its tardiness in complying with various mandatory norms in the wake of the Nirav Modi

To survive, they can pare their lending and cash dispensing roles. Deposits can be invested in securitised assets of small banks When the idea of

On Tuesday the rupee closed below Rs 68 to a dollar, its lowest in over a year. It was not on account of a sudden,

It is welcome that several stressed steel assets are nearing resolution under the Insolvency and Bankruptcy Code. It would recapitalise and transform the industry. Companies

A 33% fall in gold imports in April helped contain the current account deficit. This is welcome. But the decline at a time when the

While national attention is on Karnataka, it is important not to lose sight of the growing headwinds facing the economy. The most significant is, of

The National Company Law Appellate Tribunal (NCLAT) on Thursday admitted Renaissance Steel’s petition challenging Vedanta’s eligibility to take over bankrupt firm Electrosteel Steels. A NCLAT

The NCLAT will hear the case again on May 22. Bankers are likely to take a call on the matter once the NCLAT passes its