New Delhi, Feb 6 (PTI) Telecom operator Bharti Airtel has plans to spend about Rs 1.17 lakh crore through business transactions with its subsidiaries like Indus Towers, Nxtra and Bharti Hexacom, according to a regulatory filing. The company will hold an extraordinary general meeting of the members of the company on February 26 to also [...]
New Delhi, Feb 6 (PTI) The country's largest carmaker Maruti Suzuki India is expecting production activity to improve in the current quarter with gradual improvement in the supply of critical electronic components, a senior company official has said. The auto major is also looking at ways, including bolstering its SUV portfolio, in order to get [...]
New Delhi, Feb 6 (PTI) Country's largest lender SBI has lined up six non-performing assets (NPAs) for sale to asset reconstruction companies (ARCs) to recover dues of nearly Rs 406 crore. The six NPA accounts put up for sale to the ARCs are -- Patna Bakthiyarpur Tollway with outstanding of Rs 230.66 crore; Steelco Gujarat [...]
India's very own official digital currency is likely to debut by early 2023, which will mirror any of the currently available private company-operated electronic wallets, but with a change that it will be a sovereign-backed facility, a top government source said. Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a [...]
Stock markets are expected to witness volatility this week with domestic factors such as RBI policy decisions and quarterly earnings by big players driving the investor sentiment, analysts said. Also, movement of the rupee, Brent crude and foreign institutional investors (FIIs) would be keenly watched by investors, they added. "Among important events, participants will be [...]
Beijing, Feb 5 (PTI) Chinese Premier Li Keqiang on Saturday said that Pakistan is a “priority” in China’s neighbourhood diplomacy as he met his Pakistani counterpart Imran Khan who assured him that his government will do its utmost to ensure the safety of Chinese nationals and projects in his country. Li, the second-ranking leader of [...]
Jamshedpur, Feb 5 (PTI) All India Bank Employees Association (AIBEA) general council member Hira Arkane on Saturday expressed disagreement with the comment by the secretary to the Department of Investment and Public Asset Management (DIPAM) Tuhin Kanta Pandey, who advocated privatisation of public sector banks. Describing Pandey's comments as "unfortunate", Arkane said in a statement [...]
Mumbai, Feb 5 (PTI) The country’s largest telco Reliance Jio faced an over eight-hour long outage in the financial capital on Saturday, wherein its subscribers were unable to make or receive calls. Users of the Mukesh Ambani-led telco started facing issues at around noon and the company ended a phased restoration of connections only late [...]
Guwahati, Feb 5 (PTI) The hurdle in the acquisition of over 198 acres of tea garden land for expanding the capacity of Numaligarh Refinery Ltd, Northeast's largest PSU refiner, was cleared on Saturday in a meeting of all stakeholders with Assam Chief Minister Himanta Biswa Sarma, officials said. Sarma held a meeting with the representatives [...]
State-run Bank of Baroda's (BoB) standalone profit after tax (PAT) doubled to Rs 2,197 crore in the quarter ended in December aided by healthy growth in net interest income (NII) and on lower provisions. This compares with a standalone PAT of Rs 1,061 crore in the same quarter of the previous fiscal. “Profit has been [...]
