The CMD of the Ahmedabad-based pharma company was booked on Sunday...
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For large nation like India, deepfakes a problematic issue for conducting safe, fair polls: MoS IT
''We will keep an eye on the intermediaries for the 7-15 days after...
2024: Equity market set for eventful journey on LS polls, interest rate trajectory
In 2023, the 30-share BSE Sensex jumped 11,399.52 points or 18.73...
PSBs consolidation building block for $5 trillion economy: Finance secy
When asked about rationale for doing all the four mergers together, Kumar said, “We wanted to do it one time, give the road map and remove the uncertainty. Now there is no uncertainty and road map is all clear. Governance reforms done. Who wants to give their power, we have given it. Even in appointments we have given it. Now it is completely professionalised.”
There will not be single job loss due to merger of banks: FM Sitharaman
The move will bring down the number of state-run banks to 12 from 19 after the merger of Dena Bank and Vijaya Bank with Bank of Baroda effective April 2019. As of April 20-17, there were 27 state-run banks in the country, right before the SBI merged with itself its five associate banks along with the Bharatiya Mahila Bank.
Foreign investors pull out Rs 5,920 cr In August despite surcharge rollback
The withdrawal from the capital markets (both equity and debt) in August is “contrary to the expectation” since the Centre last week announced revocation of enhanced super-rich tax on foreign and domestic equity investors imposed in the Budget, said Himanshu Srivastava, senior analyst manager research at Morningstar.
Costs making it difficult for EV to make a good value proposition: Maruti Suzuki
Under the current circumstances, a mass segment EV is likely to cost around two-and-half times more than the same vehicle type powered by a conventional engine, he added.
Auto sales remain subdued in Aug
“System stock reduction through retail focus and aligning production will continue to be our approach, while cautiously monitoring the market in these challenging times,” Tata Motors President, Commercial Vehicles Business Unit Girish Wagh said, adding as a result, retail sales are estimated to be ahead of wholesale by over 25 per cent in August
Bancassurance landscape to see changes after merger of 10 PSBs to change the country’s
At least three insurance companies —Star Union Daiichi, Canara HSBC OBC Life Insurance and India First Life Insurance — could witness a change in their ownership structure because of the bank mergers, but that may probably give these firms a better reach to build their businesses with extended branch network.
LIC settles 259.54 lakhs of claims amounting to Rs1,63,104 cr in 2018-2019
During 2018-19, the LIC has registered a growth of 5.68 per cent in the new business in terms of the first year premium. The total first year premium amounted to Rs1,42191.69 crore at the end of March, 2019 capturing 66.24 per cent of market share.
Bank frauds worth Rs 71,500 crore detected in FY19 states RBI report
Among bank groups, public sector banks (PSBs), which constitute the largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19. It was followed by private sector banks and foreign banks
FM unveils merger of 10 govt banks to revive economic growth from 5-yr low
Finance Minister Nirmala Sitharaman, who had last week announced tax sops and measures for sectors such as auto, announced four new set of mergers — Punjab National Bank, Oriental Bank of Commerce and United Bank of India will combine to form the nation’s second-largest lender; Canara Bank and Syndicate Bank will merge; Union Bank of India will amalgamate with Andhra Bank and Corporation Bank; and Indian Bank will merge with Allahabad Bank.
India’s economic growth dips to 7-year low of 5% in April-June
Gross Fixed Capital Formation (GFCF), which is a barometer of investment, at constant (2011-12) prices was estimated at Rs 11.66 lakh crore in the first quarter as against Rs 11.21 trillion a year ago.