Bank NPA ratio to hit 12%, may reach highest level since 2000: RBI report

4 weeks ago
The gross bad debt ratio of the banking system may touch a twodecade high, with banks under prompt corrective action (PCA) expected to be the worst hit, warned the Financial Stability Report (FSR) released by the Reserve Bank of India (RBI) on Tuesday. ... ...

Fed hikes rates amid stronger inflation, shifts from crisisera stance

1 month ago
The Federal Reserve raised interest rates on Wednesday, a move that was widely expected but still marked a milestone in the US central bank's shift from policies used to battle the 20072009 financial crisis and recession. In raising its benchmark ... ...

Nirav beneficiary of PNB funds: ED

1 month ago
Diamond merchant Nirav Modi was the personal beneficiary of ₹137.33 crore paid by Punjab National Bank (PNB) from three dummy companies and also an indirect recipient of letter of undertaking (LoU) funds, says a complaint filed by the Enforcement  ... ...

RIL may invest additional Rs 60000 crore in Reliance Jio to buff up telecom war chest

2 months ago
Reliance Jio, billionaire Mukesh Ambani's telecom venture, may soon get another Rs 60,000 crore to beef up its war chest as it plans to launch its broadband services. It seems that Jio, after disrupting the mobile tariffs market, is betting big on its ... ...

Beware, taxpayers! Wrong info in ITR can get you tax evader tag: 10 points

3 months ago
Filing incometax returns? The incometax department has cautioned salaried taxpayers not to underreport their income or inflate deductions and exemptions. ALSO READ. New direct tax law: Focus should be on facilitating taxpayer services New ITR form ... ...

Gold edges lower as fears of allout USChina trade war ease

4 months ago
() Gold prices fell on Thursday, after hitting a oneweek high in the previous session, as the dollar steadied and equities recovered on the United States's willingness to negotiate on tariffs with China, easing fears of a fullblown trade war ... ...

ArcelorMittal, Vedanta, VTBJSW partnership among India Essar Steel suitors

4 months ago
MUMBAI () ArcelorMittal SA, Vedanta Resources and a group comprising Russia's VTB and top Indian steelmaker JSW Steel have bid for bankrupt steelmaker Essar Steel India, the companies said, after a deadline for bids on Monday. Essar Steel is ... ...

In building war chest, Idea Vodafone can take a leaf out of Singtel's books

5 months ago
This fiscal year, Idea Cellular and Vodafone India are estimated to spend Rs14,00015,000 crore on capital expenditure. Graphic: Naveen Kumar Saini/Mint. The IdeaVodafone combine will invest about Rs60,000 crore in the next three years to ramp up its Samsung, Jio to roll out panIndia IoT network ... ...

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