by PTI News | Apr 6, 2022 | 8:13 pm | Corporate Action, News
New Delhi, Apr 6 (PTI) Despite investing Rs 2.5 lakh crore on track infrastructure in the 2008-19 financial year, the railways has failed to improve on its mobility outcomes, the CAG has said in its latest report and pulled up the national transporter for avoidable expenses. In the report submitted in Parliament on Wednesday, the [...]
by PTI News | Apr 6, 2022 | 8:07 pm | News
Melbourne, Apr 6 (PTI) Commerce and Industry Minister Piyush Goyal on Wednesday said that India and Australia should look at boosting the bilateral trade to USD 100 billion by 2030 from the current level of around USD 27.5 billion. Goyal, who is in Australia on a three-day visit, said that both the countries are already at [...]
by PTI News | Apr 6, 2022 | 8:02 pm | Corporate Action, News
New Delhi, Apr 6 (PTI) TThe proposed merger of HDFC Bank and HDFC Ltd will moderately hurt the lender's profitability in the next 2-3 years, driven by higher funding costs to meet the regulatory liquidity norms, global rating agency Moody's Investors Service said on Wednesday.The rating agency, however, affirmed all the ratings of HDFC Bank, [...]
by PTI News | Apr 6, 2022 | 7:59 pm | News
Mumbai, Apr 6 (PTI) Non-performing assets worth Rs 50,000 crore could not be transferred to the National Asset Reconstruction Company Ltd (NARCL) by March 31 due to "procedural delays", a senior bank official said on Wednesday. The transfer of these 15 Non-Performing Assets (NPAs) is expected to happen very quickly by the end of April. [...]
by PTI News | Apr 6, 2022 | 7:53 pm | News
Kolkata, Apr 6 (PTI) City-based JIS Group on Wednesday said it will launch dairy products under the brand JOI Farm. The group has invested Rs 150 crore at Howrah for a modern dairy products processing plant for dairy products like fresh milk, paneer, and curd, the company said in a statement. Company officials said with [...]
by PTI News | Apr 6, 2022 | 7:43 pm | News
New Delhi, Apr 6 (PTI) Union Bank of India on Wednesday said it will sell its 8 per cent stake in India SME Asset Reconstruction Company. "The bank has executed an agreement on April 6, 2022 for sale of its 8 per cent stake in India SME Asset Reconstruction Company Limited (ISARC) in favour of [...]
by PTI News | Apr 6, 2022 | 7:40 pm | News
New Delhi, Apr 6 (PTI) The Delhi High Court Wednesday asked the RBI to file a status report on the steps taken for implementation of a committee's report to look into the issue of online lending platforms offering short-term personal loans at exorbitant interest rates through mobile apps. A bench of Acting Chief Justice Vipin [...]
by PTI News | Apr 6, 2022 | 7:39 pm | News
New Delhi, Apr 6 (PTI) Pradhan Mantri Garib Kalyan Yojana (PMGKAY), which provides free foodgrains to poor people, played a key role in keeping extreme poverty in India at the lowest level of 0.8 per cent during the pandemic-hit 2020, according to a working paper of the International Monetary Fund (IMF).The working paper titled 'Pandemic, [...]
by PTI News | Apr 6, 2022 | 7:28 pm | News
Mumbai, Apr 6 (PTI) State-owned Union Bank of India on Wednesday said it is looking to invest Rs 1,000 crore over the next two years in technology."We will be making Rs 1,000 crore of investments in technology this year (FY23) and next year. A large part of this investment will take place during the current [...]
by PTI News | Apr 6, 2022 | 7:23 pm | Economy, News
Chennai, Apr 6 (PTI) The Tamil Nadu government made a remarkable turnaround in image as an ideal global investment destination, leading to an increase in foreign direct investment (FDI) by 41.5 per cent, and steps would be taken to attract more investments in the State by organising a global investors meet (GIM) by 2023-end, Chief [...]
