LiveThe Banking system is dominated by Public sector banks, says RBI
According to a latest report of Reserve Bank of India, the government owned lenders are the dominating players in the banking system accounting for 73...
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Air India likely to tie up with Citibank, SBI to raise funds from overseas market
The National carrier Air India may tie up with Citibank and State Bank of India (SBI) for the purpose of raising $ 300 million from...
Eicher Motors reported profit rise of 38 per cent in Q1
On Friday Eicher Motors has reported 38.5 per cent rise in its consolidated net profit at Rs 216 crore for the first quarter ended March...
Narendra Modi going to launch 3 mega social security schemes today in Kolkata
The Prime Minister Narendra Modi will be launching three mega social security initiatives, one pension and two insurance schemes. The scheme will be launched in...
Competition Commission of India has approved Dilip Shanghvi’s deal with Suzlon
The Competition Commission of India has cleared Dilip Shanghvi’s proposed Rs 1,800 crore stake buy in Suzlon Energy, the wind turbine maker. The deals was...
On MAT dues the IT department will not take any coercive actions against FIIs
The Finance Ministry, a day after government’s announcement of setting up a high level panel under the Law Commission Chairman A P Shah, has decided...
NTPC aims to issue Re denominated Global INR Bonds worth $1 billion
NTPC is planning to raise rupee denominated ‘Global INR’ bonds worth USD 1 billion for the purpose of financing its capital expenditure. “NTPC is planning...
Punjab National Bank net profit down 62% in Q4
The Punjab National Bank has reported 62 per cent decline in its standalone net profit to Rs 306.56 crore in the fourth quarter ended March...
Siemens going to cut more 4,500 jobs
Siemens AG, the industrial firm has announced on Thursday that it will cut an additional 4,500 jobs after planning to eliminate 7,800 jobs worldwide announced...
India likely to achieve highest GDP growth of 7.9% over next 8 years
According to the report of Center for International Development (CID) at Harvard University “after decades spent trailing the growth of its northern neighbor and economic rival,...