Eco/Invest/Demography

PNB could take control of OBC, Andhra Bank, Allahabad Bank: Reports

Indian News       May 21, 2019

New Delhi: Punjab National Bank (PNB) could take control of two or three small state-run banks, that could include Oriental Bank of Commerce, Andhra Bank and Allahabad Bank, two sources familiar with the situation told Reuters. New Delhi has been trying to merge smaller regional...

Airlines urge Nations’ Regulators to avoid competing Safety Rules

International News       May 20, 2019

  Paris:  Global airlines urged regulators on Friday not to compete over setting new safety rules, after two crashes led to the grounding of the Boeing 737 MAX and raised questions about the international influence of the U.S. aviation authority.   The U.S. Federal Aviation Administration (FAA)...

Ashok Leyland ready to ride on Elon Musk's India dream 

Indian News       May 20, 2019

Mumbai: Tesla CEO Elon Musk who has been moving back and forth on his India dream for couple of years and unable to take the next big step now has an invitation from commercial vehicles major Ashok Leyland.   Musk wants to make India his next...

Investor wealth soars Rs 5.33 trillion as exit polls predict return of NDA

Indian News       May 20, 2019

  Mumbai: Investor wealth soared by more than Rs 5.33 trillion as the benchmark BSE Sensex sprinted more than 1,422 points Monday after exit polls predicted a return of the NDA government led by the BJP. Tracking the sharp uptrend in equities, the market capitalisation of...

Young and unsettled: Millennials and Gen Z pessimistic on life, says survey

Facts       May 20, 2019

  Deloitte has released its Global Millennial Survey of 13,416 Millennials (born between 1983 and 1994) spread across 42 countries and 3,009 Gen Z respondents (born between 1995 and 2002) from 10 countries. The firm has conducted the survey for the past eight years.   The percentage...

Irdai proposes to increase third-party insurance premium for cars, two-wheelers

Indian News       May 20, 2019

  New Delhi: Third-party insurance premium for cars, two-wheelers and transport vehicles may go up with the regulator Irdai proposing substantial increase in premium rates for the current financial year.   The Insurance Regulatory and Development Authority of India (Irdai) has proposed to increase the Motor Third...

2019 general elections: The winner gets an economy riddled with problems

Indian News       May 20, 2019

  New Delhi: A set of deep-rooted economic challenges awaits India’s new government after election results are announced May 23.    Arresting an economic slowdown and nursing the nation’s financial sector back to health will be the immediate priorities for the next administration if Prime Minister Narendra...

Indian markets cheer Modi's likely return to power

Indian News       May 20, 2019

MUMBAI/BENGALURU: Indian markets rallied on Monday after exit polls showed Prime Minister Narendra Modi was set to win a second term after a general election with an even bigger mandate than in 2014.   The S&P BSE Sensex zoomed over 900 points at open to cross...

Most polls predict majority to BJP-led NDA, Equity markets are likely to extend gains

Indian News       May 19, 2019

  New Delhi: Today, most exit polls forecast a majority for the ruling BJP-led NDA in Lok Sabha polls with varying numbers as the seven-phase polling in the general elections ended Sunday.The counting of votes will begin at 8 am on May 23.   After nearly two...

26 Maharashtra reservoirs hit 'zero water' storage level as on May 18

Indian News       May 19, 2019

  Mumbai: In a far cry from last year's situation, 26 reservoirs in Maharashtra have reached "zero storage" as on May 18, according to statistics put out by the Water Conservation department of the state government.   The department's website informed that water storage in Aurangabad Division,...

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