Banks will see good Q3, Q4 on resolution of large NPAs: SBI Chairman

The time taken for resolution of bad loans is also likely to reduce going ahead with stronger resolution mechanism, he said.

Muthoot Fincorp looks to raise Rs 480 crore via fifth issue of NCDs

The issue opens on January 9 and is scheduled to close by February 4.

Crude oil futures gain after Iran missile attacks on US base in Iraq

In the futures market, crude rate touched an intraday high of Rs 4,590 and an intraday low of Rs 4,519 on MCX.

Muthoot Fincorp looks to raise up to Rs 480cr via bond issue opening on January 9

The base issue size for secured redeemable non-convertible debentures is Rs 250 crore with an option to retain subscription up to Rs 230 crore, aggregating to a total of Rs 480 crore, Muthoot Fincrop said in a release on Wednesday.

HDFC to invest Rs 250cr in stressed assets fund for realty sector: Keki Mistry

HDFC Chief Executive Keki Mistry, however, added that the realty sector#39;s revival hinges a lot on banks, which are reluctant to lend to stalled projects due to regulatory issues.

IBM appoints Sandip Patel as India and South Asia MD

In his role, Patel will be responsible for all strategic and operational matters related to IBM#39;s sales, marketing, services and delivery operations in the region, including Bangladesh, Nepal and Sri Lanka.

Political, regulatory pressure on corp governance impacting risk taking by firms: Keki Mistry

The mortgage lender#39;s executive said bankers are not taking lending decisions because of this risk averseness syndrome, and warned it will hamper India#39;s animal spirit unless there is a change.

Education system should be oriented towards problem-solving: Narayana Murthy

Murthy said India offers a huge opportunity for collaboration between the academic institutions and the private sector to collaborate and address everyday problems.

RBI wants to punish weaker banks that are perennially sick. But how far can it go?

While ‘auctioning’ a distressed bank is a bit of a stretch, RBI could very well consider playing the role of a matchmaker to merge weak banks with stronger ones.

Aiming for dominant position in electric bicycle segment in Europe: Hero Cycles

The company has acquired a 48 per cent stake in Germany-based firm HNF Nicolai last month and expects the entity to accrue EUR 100 million per annum going ahead.

Maharashtra govt removes BJP MLA Prashant Thakur as Cidco chairman

An order cancelling appointment of Thakur was issued by the state Urban Development Department on Tuesday.

Ramco Systems bags multi-million-dollar deal from Australian university

With this win, Ramco will expand its foothold in the higher education vertical which is witnessing good demand for HR and payroll transformation, the company said in a filing to BSE.

BS-VI norms on real driving emissions will bring India up-to-par globally

Car manufacturers will be made to randomly pick three customer vehicles every year to test them for emissions

US-Iran conflict: Closure of airspace to hit aviation industry

An increase in travel time may spike fuel costs. And a war-like risk will also increase insurance rates

SAIL extracts 43.67mn tonne of iron-ore in 2019

The eight iron-ore mines of SAIL located in the eastern region produced 43.67 million tonne of the key raw material in 2019.

Tata Steel subsidiary bags Saruabil chromite block

In a regulatory filing, the steel major said a letter of intent as the successful bidder of Saruabil chromite mining block for grant of mining lease for 50 years has been issued by the Odisha government to its subsidiary.

Hudco appoints M Nagaraj as Chairman, Managing Director

"The Ministry of Housing and Urban Affairs has conveyed the approval of the competent authority to assign the current charge of the post of Chairman and Managing Director, Hudco, to M Nagaraj for a period of three months with immediate effect or until further orders whichever is earlier, the state-owned firm said in a filing to BSE.

Gayatri Projects at advanced stage of monetising Rs 900cr arbitration awards

"The government of India in November approved measures to fast-track the monetisation of... arbitration awards and hence GPL is now at an advanced stage of monetising its arbitration awards... the proceeds from the same would be used towards de-leveraging," the company said in a filing to BSE.

Shriram Transport Finance: To buy or wait?

It has carved out a niche for itself in the used vehicle market and the large share of the unorganised sector still provides enough headroom for growth despite its relatively large size.

Bharat Bandh: Banking and transport services may be affected

Trade unions expect "not less than 25 crore working people to join the strike".

Tata Mutual Fund CIO Rahul Singh expects Nifty earnings growth to be between 10-12% for FY21

He also said it is the ‘right time’ to look at mid caps, and even more for looking at small cap stocks as they are expected to deliver robust returns going ahead.

Adani, NTPC sought extension of deadlines to curb coal plant emissions: Documents

The requests mean the two biggest power producers in India are pressuring the government to delay emissions targets for a second time, citing costs and technical difficulties, even as the country chokes on some of the worst smog on the planet.

SC to hear on Friday Tata Sons#39; plea challenging NCLAT decision restoring Mistry as chairman

The apex court website on Tuesday showed the plea is to be listed before a three-judge bench comprising Chief Justice S A Bobde and Justices B R Gavai and Surya Kant.

Reliance Jio rolls out voice calls over WiFi networks in select circles: Report

The voice over calling feature allows customers to switch to any WiFi hotspot or private WiFi network while making outgoing calls.

India#39;s oilmeals export drops over 79% in December 2019

The shipment of soyabean extract fell significantly to 5,876 tonne during December 2019 from 1,70,588 tonne in the year-ago period, it said.

Jio rolls out voice calls over WiFi networks in select circles: Report

The voice over calling feature allows customers to switch to any WiFi hotspot or private WiFi network while making outgoing calls.

Air India sale: EoI, share purchase agreement approved by Group of Ministers; to be issued in January

While Air India#39;s net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.

KTM to piggyback Bajaj Auto to boost volumes by 50% in 3 years

KTM, which had finished 2018 with global volumes of 261,529 units, forecasted sales of 400,000 units by end of 2022.

Amit Shah-led GoM approves plan to invite EoI for Air India disinvestment: Report

A restart of the process for the sale of the government#39;s 100 percent in Air India along with Air India Express and the carrier#39;s stake in joint venture AISATS had already been approved by the Air India Specific Alternative Mechanism (AISAM) or GoM.

Banking sector needs a lot more attention than people imagine

Public sector banks account for nearly 90 percent of the frauds in terms of the sum involved.

China#39;s Great Wall Motors may acquire GM#39;s Pune plant for $250-300 mn: Report

After exiting the India market, GM has used the Pune facility for exports, from where it has shipped 50,000-70,000 cars annually over the past years.

Biocon Biologics can achieve $1 bn revenue by 2022: Kiran Mazumdar Shaw

"We might raise little more private equity prior to IPO. This basically gives an idea of where we believe we can unlock the value in terms of Biocon Biologics in the next few years," she said.

Reliance Communications#39; committee of creditors to meet on January 8

RCom is going through the corporate insolvency resolution process under the Mumbai-bench of NCLT

Rolls-Royce annual sales surge 25% thanks to popularity of Cullinan SUV

The 116-year-old company said it sold a record 5,152 cars in 2019, compared with 4,107 units in the prior year.

SC rejects Centre#39;s plea challenging refund of Rs 104 crore ordered by TDSAT to RCom

"We do not find any merits in the appeal," a bench of justices RF Nariman and S Ravindra Bhat said.

JK Tyre plan to slash 50% of debt by 2023: CFO Sanjeev Aggarwal

The company is holding hopes on the potential increase in exports and replacement market to de-risk its business

Muthoot Finance MD injured in attack in Kerala

He has been admitted to a private hospital, police said.

Xerox secures $24 billion for HP takeover, approaches shareholders directlyÂ

Xerox has engaged in "constructive dialogue" with many of HP#39;s largest shareholders CEO John Visentin told the Board on January 6

PM Modi meets India Inc heads to discuss the economy

Modi has so far met over 60 entrepreneurs and businessmen from sectors such as FMCG, finance, renewable energy, diamond, retail, textiles, MSMEs and startups and technology.

PM Modi meets Mukesh Ambani, Gautam Adani, other India Inc heads

Modi has so far met over 60 entrepreneurs and businessmen from sectors such as FMCG, finance, renewable energy, diamond, retail, textiles, MSMEs and startups and technology.

Biocon appoints MB Chinappa as CFO of Biocon Biologics

Chinappa joins Biocon Biologics from another subsidiary company Syngene International, where he was President (Finance) and CFO since 2008

Legal action against Ghosn to continue, asserts Nissan

Ghosn#39;s escape from Japan would not affect its policy of holding him responsible for "serious misconduct", the company added.

ITI Mutual Fund garners Rs 164 crores via balanced advantage fund NFO

The fund house aims to be among the top 10 mutual fund houses in the country.

EVI Technologies joins hands with BSNL for EV charging infrastructure

As part of the 10-year memorandum of understanding (MoU) inked between the two entities, EVIT would install charging infrastructure at 5,000 locations of BSNL across the country, covering major cities.

True North to acquire 2.44% stake in Biocon Biologics

Biocon said it would use the proceeds of stake sale for expansion of RD and manufacturing capabilities.

Volkswagen, Citroen offer leasing and buyback schemes

Under the programmes, the tax burden eases as the consumer is not the owner of the vehicle.

Fitch says HPCL refining margins to fall in current fiscal

Fitch affirmed HPCL#39;s rating #39;BBB-#39; with stable outlook, in line with the credit profile of its largest shareholder Oil and Natural Gas Corp Ltd (ONGC).

Flipkart users will now be able to make purchases up to Rs 2,000 sans OTP

Through VSC, Flipkart aims to reduce the steps involved in the payment process, thereby helping consumers complete their purchases with ease

Titan Q3 FY20 preview - Jewellery beats the slowdown chill

We would use stock market weakness for accumulating Titan for the long term

SBM Bank ties up with PayNearby to offer #39;open banking#39; to masses

The partnership would enable the bank to offer complete suite of digital and assisted banking solutions through PayNearby#39;s exhaustive network of micro-enterprise and retail touchpoints, SBM Bank said in a statement.