Business News

The Reserve Bank of India (RBI) has directed banks that that loan accounts classified as non-performing assets (NPAs) should be upgraded as ‘standard’ asset only if entire arrears of interest and principal are paid by the borrower.…

Led by IT, energy and realty stocks, domestic markets on Friday rallied by 1.28 per cent amid expectations of good corporate earnings and economic fundamentals. The Sensex shot up 767 points to 60,686.69 and the NSE Nifty index rose 229…

The country’s forex reserves posted a decrease of $1.145 billion to reach $640.874 billion during the week ended November 5, according to data released by the Reserve Bank of India (RBI). In the preceding week ended October 29, the…

As the valuation of a stressed asset declines each day, insolvency professionals (IPs) should work on a resolution plan within a particular time frame, an official of the Insolvency and Bankruptcy Board of India (IBBI) said on Saturday.…

Union Minister Sarbananda Sonowal on Saturday emphasised that the issue of container shortage would be addressed “successfully” as the matter has been taken up with all urgency. During a day-long visit to JNPT here, Sonowal also said a…

Dubai/New Delhi, Nov 13 (UNI) External Affairs Minister S Jaishankar on Saturday visited the India Pavilion at the Dubai Expo 2020 that saw 300,000 footfalls a day ago, and also interacted with his counterparts from Cyprus, Slovakia and…

New Delhi, NewsonRadar Bureau, Nov. 12: Power Finance Corporation Ltd., a financial sector PSU, which has been conferred with the highest Maharatna status  by Govt. of India  recently, has shown impressive  performance in Q2 of current…

Shimla, Nov 12 (UNI) SJVN entered into Contract Agreement for development of 75 MW (AC) Solar Power Project at Parasan Solar Park, Uttar Pradesh on Engineering, Procurement and Construction (EPC) basis with subsequent O&M for three…

NEW DELHI: Retail inflation inched up to 4.48 per cent in October due to an uptick in food prices, government data showed on Friday. The Consumer Price Index (CPI) based inflation was at 4.35 per cent in September and 7.61 per cent in…

NEW DELHI: Passenger vehicle wholesales in India declined by 27 per cent year-on year in October with semiconductor shortage hitting production of automobile manufacturers, auto industry body SIAM said on Friday. Passenger vehicle sales…

NEW DELHI: Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds (SGB) and state development loans (SDLs) from primary as well as secondary markets, thanks to the RBI Retail Direct Scheme launched by…

NEW DELHI: Digital payments and financial services firm Paytm has fixed an offer price of Rs 2,150 apiece for its initial share-sale. The shares of Paytm are expected to list on bourses on November 18, according to the final prospectus…

New Delhi, Nov 12 (UNI) India is looking for investments from South Korea in new sectors like Defence, retail and at strengthening the complementary strengths of the two countries in automobiles, textiles, food processing, leather products,…

Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake. In his first share sale since 2016, Musk’s trust sold…

A McKinsey & Co. partner who advised Goldman Sachs Group Inc. on its impending acquisition of GreenSky Inc. was charged with using inside information about the deal to make more than $450,000 from illegal trades. Puneet Dikshit, 40,…

The benchmark indices declined on Thursday, taking cues from global peers as US inflation data hit a 30-year high on Wednesday, amid volatility due to the weekly expiry of F&O contracts. The Sensex slipped below 60,000, closing at…

Sapphire Foods IPO subscription status: The initial public offering (IPO) of Sapphire Foods India, which operates KFC and Pizza Hut outlets, which was launched earlier this week got subscribed 6.62 times on the final day, according to the…

China’s biggest online shopping day, known as “Singles’ Day” on Nov. 11, is taking on a muted tone this year as regulators crack down on the technology industry and President Xi Jinping pushes for “common prosperity.” The Singles’ Day…

Kolkata, Nov 11 (UNI) A partial eclipse of the Moon will occur on November 19 next. From India, just after moonrise, ending of partial phase of the eclipse will be visible for a very short span of time from extreme north eastern parts of…

MUMBAI: Equity benchmark Sensex declined by 81 points on Wednesday due to losses in HDFC Bank, ICICI Bank and HUL amid a weak trend in global markets. The 30-share index ended 80.63 points or 0.13 per cent lower at 60,352.82. Similarly,…