Showing posts with label Moneycontrol Business News. Show all posts
Showing posts with label Moneycontrol Business News. Show all posts

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Cargo traffic at 12 major ports up 1.78% to 57 MT in April

Cargo traffic at 12 major ports up 1.78% to 57 MT in April Fertilizer traffic volumes were up 60.66 per cent to 0.58 MT during the month as against 0.36 MT in April 2017 while thermal coal volumes surged by 24.34 per cent to 9.69 MT.

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Idea Cellular gets DoT nod to raise FDI limit to 100%

Idea Cellular gets DoT nod to raise FDI limit to 100% The approval is for total foreign investment up to 100 percent in Idea Cellular Ltd., and total indirect FDI in its relevant subsidiaries – Aditya Birla Telecom Ltd and Idea Cellular Infrastructure Services Ltd.

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Konkan Railway undertakes measures to ensure smooth monsoon services

Konkan Railway undertakes measures to ensure smooth monsoon services Konkan Railway today said it has implemented various measures to ensure smooth flow of services on the section during upcoming monsoon season.

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Karur Vysya sees credit growth moderating to 10-12%on NPA woes

Karur Vysya sees credit growth moderating to 10-12%on NPA woes The bank expects its non-performing assets (NPAs), which hit 6.5 percent of the total advances as of end-March, to hit a peak in the June quarter and then go down, managing director and chief executive P R Seshadri told reporters here.

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The turnaround man: MK Jain#39;s journey from fixing a struggling bank to becoming a central banker

The turnaround man: MK Jain#39;s journey from fixing a struggling bank to becoming a central banker Jain#39;s efforts culminated in Indian Bank becoming one of the best-performing public sector banks in the country.

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REC commits $1 mn to International Solar Alliance

REC commits $1 mn to International Solar Alliance REC Chairman and Managing Director P V Ramesh handed over the cheque to Interim Director General of ISA Upendra Tripathy in the presence of the Power Minister R K Singh.

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Steel sector brought on track in four years: Steel Minister

Steel sector brought on track in four years: Steel Minister Of the 12 biggest non-performing assets appeared in the RBI#39;s first list last year, five were from the steel sector owing more than Rs 1.53 lakh crore to lenders.

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Power stations within 20 km of mines take coal only by road: CIL

Power stations within 20 km of mines take coal only by road: CIL Coal India has requested the Ministry of Power to prevail upon the power plants situated within 20 kms of coal mines to lift their entire requirement by road mode from 2018-19 onwards, the PSU said in a statement today.

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Sebi lowers expenses charged by Mutual Funds to increase penetration

Sebi lowers expenses charged by Mutual Funds to increase penetration The additional expense of 20 basis points has been reduced to 5 basis points across all MF schemes, the Securities and Exchange Board of India (Sebi) said in a notification dated May 29.

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Unilateral trade curbs to risk fragile global economic recovery: Prabhu

Unilateral trade curbs to risk fragile global economic recovery: Prabhu Prabhu was speaking at an informal gathering of 28 member countries of the World Trade Organisation (WTO) in Paris on May 31, according to a release by the commerce ministry.

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Railways working on increasing speeds of all long distance trains

Railways working on increasing speeds of all long distance trains Gohain said the ministry wanted to reduce travel time considerably to ensure passengers reached their destinations within a reasonable time.

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Walmart-Flipkart deal to endanger jobs, small businesses: Trader unions

Walmart-Flipkart deal to endanger jobs, small businesses: Trader unions The associations, including Centre of Indian Trade Unions (CITU) and All India Kisan Sabha (AIKS), released an open statement highlighting the deal#39;s "multifaceted dangers" to the economy, and called for its nullification.

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Good that Modi doesn#39;t take #39;real#39; questions: Gandhi on PM#39;s NTU interview

Good that Modi doesn#39;t take #39;real#39; questions: Gandhi on PM#39;s NTU interview Gandhi was referring to an interview Modi gave at the Nanyang Technological University (NTU) in Singapore during his recent visit to the city-state.

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Par panel asks bankers to prepare road map to deal with NPAs

Par panel asks bankers to prepare road map to deal with NPAs Among others, SBI Chairperson Rajnish Kumar and PNB MD Sunil Mehta briefed the panel on various aspects of non-performing assets (NPAs) and banking frauds.

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Hotel Leela board to consider 125 cr share issue to JM Financial

Hotel Leela board to consider 125 cr share issue to JM Financial The hospitality chain currently has a debt of Rs 3,662 crore.

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Rs 5400 crore supplied to Telangana banks for farmers#39; scheme: RBI

Rs 5400 crore supplied to Telangana banks for farmers#39; scheme: RBI There were apprehensions that time about the availability of sufficient cash with banks. The government allotted Rs 12,000 crore in the budget for the scheme.

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No big surprise if RBI hikes rates in this policy; stick to defensives for 2018: Udayan Mukherjee

No big surprise if RBI hikes rates in this policy; stick to defensives for 2018: Udayan Mukherjee The RBI will likely hold benchmark rates for now but warn the market of an impending hike at the next policy meet in August, says Udayan Mukherjee, consulting editor, CNBC-TV18.

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Fitch downgrades PNB#39;s viability rating to #39;b#39; from #39;bb-#39;

Fitch downgrades PNB#39;s viability rating to #39;b#39; from #39;bb-#39; Fitch further said the RWN reflects it#39;s expectations that the pressures, mainly relating to asset quality, earnings and profitability, will persist at least over the next few quarters.

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IMF official suggests central banks to compete with cryptocurrencies

IMF official suggests central banks to compete with cryptocurrencies His suggestion is important in case there is a wider adoption of the cryptocurrencies. In such a scenario, the central banks would lose their control over a large part of monetary economy

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