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SBI Q2 consolidated profit surges 69% to Rs 8,890 crore
The country’s largest lender State Bank of India (SBI) on Wednesday reported a 69 per cent jump in its consolidated net profit at Rs 8.889.84 crore for the second quarter ended September 30 on account of decline in bad loans.
The bank’s…
Pakistan denies overflying permission to Srinagar-Sharjah flights
New Delhi, Nov 3 (UNI) By Nirbhay Kumar; Kashmiris traveling to and fro Srinagar and Sharjah have to spend extra time in travel, thanks to Pakistan's denial of overflight rights to the air service inaugurated with much fanfare about two…
42 cos selected under PLI scheme for white goods to invest Rs 4,614 crores
New Delhi, Nov 3 (UNI) The Government has selected 42 companies under the PLI Scheme for White Goods proposed by the Department for Promotion of Industry & Internal Trade (DPIIT) which is the nodal department for this PLI scheme - air…
Think Factory ‘Security and Policy Initiatives’ (SAPI) launched in New Delhi
New Delhi: The virtual launch of think factory 'Security and Policy Initiatives' (SAPI) took place in the presence of former Governor (Chattisgarh) and former Defence Secretary Shekhar Dutt ( IAS Retd), Dr Sivathanu Pillai who is former…
HPCL to commission 370 tonne/annum capacity green Hydrogen plant by Dec 2022: CMD
New Delhi: State-run Hindustan Petroleum Corporation Ltd (HPCL) will be putting up a 370-tonne per annum capacity green Hydrogen plant in Vizag refinery and expects to commission it by December 2022, said its Chairman and Managing Director…
Defence Acquisition Council approves proposals worth Rs 7,965 crore
New Delhi: The Defence Acquisition Council (DAC), in its meeting held on Tuesday under the chairmanship of Defence Minister Rajnath Singh, accorded Acceptance of Necessity (AoN) for capital acquisition proposals for modernisation and…
Kotak on IL&FS debt: Rs 52.2K cr resolved, will address Rs 4,800 cr more by March-end
Of the targeted Rs 61,000 crore debt resolution by the fiscal-end, IL&FS has resolved Rs 52,200 crore by October-end and will address another Rs 4,800 crore more by March-end 2022, the management said on Tuesday. The company is sitting…
PCA framework revised: Asset quality, capital, leverage key
The Reserve Bank on Tuesday announced a revised Prompt Corrective Action (PCA) framework for banks to enable supervisory intervention at an “appropriate time” and also act as a tool for effective market discipline. The new provisions will…
Web-based supervisory system on anvil
The RBI plans to launch a web-based and an end-to-end workflow automation system as part of a plan to introduce a prudential supervisory mechanism.
Speaking at a BFSI summit, RBI Deputy Governor MK Jain said the system has been developed…
RBI panel for ARC participation in IBC cases, investment threshold
The RBI’s committee on asset reconstruction companies (ARCs) has recommended that ARCs should be allowed to participate in the Insolvency and Bankruptcy Code (IBC) process as a resolution applicant either through a security receipt (SR)…
Bharti Airtel Q2 net profit at Rs 1,134 crore
Bharti Airtel on Tuesday beat Street estimates on the back of one-time spectrum sale gain and tariff increases undertaken in August. The telco’s Q2 consolidated net profit jumped 300 per cent quarter-on-quarter at Rs 1,134 crore, aided by a…
Doval, UK NSA to meet on Nov 3 to discuss Nirav Modi, Vijay Mallya extraditions
Glasgow/New Delhi, Nov 1 (UNI) Prime Minister Narendra Modi and UK Prime Minister Boris Johnson during their bilateral meeting on Monday agreed that their National Security Advisors will meet in London on November 3 to discuss the specific…
Maruti Suzuki India post a robust sales turnover
New Delhi, Nov 1 (UNI) Maruti Suzuki India Limited posted a robust recovery in total month-to-month sales of its vehicles at 138,335 units in October 2021, on the back of proactive measures taken to counter the impact of shortage of…
Seek foreign partners to raise output from Mumbai High, B&S fields: Govt to ONGC
The petroleum Ministry has asked state-owned Oil and Natural Gas Corporation (ONGC) to consider offering up to a 60 per cent stake and operating rights over parts of key Mumbai High and Bassein and Satellites (B&S) oil and gas producing…
‘Algos, if infringing on rights of citizens, must be dealt with’
There is a need to look into the algorithms of social media intermediaries if these go against the law or are in breach of Articles 14, 19, and 21 of the Constitution, Minister of State for Electronics and Information Technology Rajeev…
HDFC Q2 net up 32% at `3,780 cr
Housing Development Finance Corp (HDFC) on Monday posted a standalone net profit of Rs 3,780 crore for the quarter ended September 2021, a 32 per cent rise from Rs 2,870 crore in the year-ago period. The dividend income for the September…
Tata Motors loss at `4,441 crore on commodity inflation, supply issues
Tata Motors Ltd on Monday reported a consolidated net loss of Rs 4,441 crore for the second quarter ending September as against a net loss of Rs 314 crore in the year-ago period (Q2FY21) and Rs 4,451 crore in the previous June quarter…
Exports rise over 42% to $35.5 billion in Oct
Merchandise exports hit a record $35.5 billion in October, registering a 42.3 per cent rise from a year before and 35.2 per cent from the pre-Covid (same month in FY20) level. The exports were supported by strong order flow from key markets…
Sunil K Satya takes charge as Regional Executive Director, NTPC South
Hyderabad, Nov 1 (UNI): Sunil Kumar Satya has taken over as Regional Executive Director (RED) of NTPC Southern Region.Prior to this, Satya was RED-Eastern Region-II, Bhubaneswar, an NTPC statement said here on Monday.
A Mechanical Engineer…
India’s merchandise exports up 42.33 pc in October to USD 35.47 B
New Delhi, Nov 1 (UNI) Signalling a strong economic recovery, India’s merchandise exports in October 2021 rose 42.33% at USD 35.47 billion, compared to USD 24.92 billion in October 2020 and registered an increase of 35.21% over USD 26.23…
