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PSU banks recover 14% of written-off loans in last 5 years: Finance Minister

PSU banks recover 14% of written-off loans in last 5 years: Finance Minister

Mar 28, 2023

Banks continue to pursue recovery actions initiated in written-off accounts through various recovery mechanisms available, such as filing of a suit in civil courts or in Debts Recovery Tribunals, action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

Sanjay Chamria Settles Case With Sebi; Pays Rs 42.2 Lakh As Settlement Charge

Sanjay Chamria Settles Case With Sebi; Pays Rs 42.2 Lakh As Settlement Charge

Mar 28, 2023

Chamria, who was the executive vice chairman of Poonawalla Fincorp Ltd (PFL), proposed to settle the pending proceedings, "without admitting or denying the findings" through a settlement order

Vedanta Board Approves Rs 7,621 Crore Interim Dividend For FY23

Vedanta Board Approves Rs 7,621 Crore Interim Dividend For FY23

Mar 28, 2023

The board also accepted the resignation of Ajay Goel from the post of Acting Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective from the close of business hours on April 9

All 10 Adani Stocks End Lower For 2nd Day; MCap Of Group Firms Erode By Rs 80,096.75 Crore In Two Days

All 10 Adani Stocks End Lower For 2nd Day; MCap Of Group Firms Erode By Rs 80,096.75 Crore In Two Days

Mar 28, 2023

In a highly volatile trade in the equity market, the 30-share BSE Sensex ended 40.14 points or 0.07 per cent lower at 57,613.72

Cooperative Bank Money Laundering Case: ED Attaches Rs 114 Crore Worth Of Assets

Cooperative Bank Money Laundering Case: ED Attaches Rs 114 Crore Worth Of Assets

Mar 28, 2023

The money laundering case of 2020 stems from an FIR filed by the Bengaluru Police against the defaulters and the promoters of the bank

SEBI Recovers Pending Dues Worth Rs 6.57 Crore From Sahara Group Firms, Its Chief Subrata Roy, Others

SEBI Recovers Pending Dues Worth Rs 6.57 Crore From Sahara Group Firms, Its Chief Subrata Roy, Others

Mar 28, 2023

The recovery proceedings were initiated against these entities after they failed to pay Rs 6 crore fine imposed on them by SEBI in June 2022

BIS Framing Standards On Emerging Tech Like Blockchain; No Extension On 6-Digit HUID On Hallmarked Gold

BIS Framing Standards On Emerging Tech Like Blockchain; No Extension On 6-Digit HUID On Hallmarked Gold

Mar 28, 2023

Out of 22,000 BIS standards, 8,000 standards are harmonised with international standards that consist of IEC standards for electrical fields and ISO standards for non-electrical fields

India, China To Contribute Half Of Global Economic Growth In 2023: Top Chinese Think Tank

India, China To Contribute Half Of Global Economic Growth In 2023: Top Chinese Think Tank

Mar 28, 2023

IMF analysis indicates that only China and India would contribute half of the world's growth this year, with every 1 per cent increase in China's economic growth leading to approximately a 0.3 per cent increase in output for the rest of Asia

Competition From Indian Carriers On Global Routes Will Drive Innovation: Etihad

Competition From Indian Carriers On Global Routes Will Drive Innovation: Etihad

Mar 28, 2023

Etihad Airways' head for Indian subcontinent Salil Nath said such competition would drive innovation as the sector grows, lapping up the pent-up demand created by the pandemic

Meta 'Optimistic & Excited' About India: Sandhya Devanathan

Meta 'Optimistic & Excited' About India: Sandhya Devanathan

Mar 28, 2023

The company connects 3.7 billion globally and "improving access to technology for everyone to our platforms" is something that "we hold dear to our heart"

AI Express, AirAsia India Move To Unified Reservation System; Passengers Can Book Tickets On Integrated Website

AI Express, AirAsia India Move To Unified Reservation System; Passengers Can Book Tickets On Integrated Website

Mar 28, 2023

The development comes five months after AirAsia India was fully acquired by Air India, and three months after both AirAsia India and Air India Express were placed under a single CEO

Australian Cricket Team Love To Hate Cheteshwar Pujara: Josh Hazlewood

Australian Cricket Team Love To Hate Cheteshwar Pujara: Josh Hazlewood

Mar 28, 2023

Josh Hazlewood said that he had some great tussles with the Indian stalwart, adding that he was a fantastic player.

Chennai Super Kings' Ben Stokes To Play As A Specialist Batter At The Start Of IPL 2023 - Report

Chennai Super Kings' Ben Stokes To Play As A Specialist Batter At The Start Of IPL 2023 - Report

Mar 28, 2023

England Test captain Ben Stokes will be available only as a specialist batter for Chennai Super Kings in the early stages of the Indian Premier League 2023.

11 Firms Including Reliance Bag 39,600 MW Solar Manufacturing Capacity Under PLI Scheme

11 Firms Including Reliance Bag 39,600 MW Solar Manufacturing Capacity Under PLI Scheme

Mar 28, 2023

The ministry said that manufacturing capacity totalling 7,400 MW is expected to become operational by October 2024, 16,800 MW capacity by April 2025 and the balance 15,400 MW capacity by April 2026

Housing Prices May Rise 5% In FY24; Rates Appreciate By 8-10% This Fiscal: India Ratings

Housing Prices May Rise 5% In FY24; Rates Appreciate By 8-10% This Fiscal: India Ratings

Mar 28, 2023

Overall, Ind-Ra expected the sales momentum to continue and housing sales to increase by 9 per cent year-on-year, supported by a steady, healthy demand

SEBI Extends Nomination Deadline For Existing Trading, Demat Account Holders Till September 30

SEBI Extends Nomination Deadline For Existing Trading, Demat Account Holders Till September 30

Mar 28, 2023

Investors who are opening new trading and demat accounts from October 1, 2021 have the choice of providing nomination or opting out of nomination through a declaration form

Avalon Technologies Sets IPO Price Band At Rs 415-436/ Share

Avalon Technologies Sets IPO Price Band At Rs 415-436/ Share

Mar 28, 2023

The IPO comprises Rs 320 crore from fresh issuance of equity shares and Rs 545 crore through an offer for sale (OFS) of shares by promoters and existing shareholders

Adani Power And Tata Power Received Rs 16,900 Crore From Gujrat Government For Electricity

Adani Power And Tata Power Received Rs 16,900 Crore From Gujrat Government For Electricity

Mar 28, 2023

Gujrat government paid Rs 8,160 crore to Adani Power Mundra Ltd while Rs 8,784 was paid to Coastal Gujarat Power Ltd, a wholly owned subsidiary of Tata Power, in 2021 and 2022

SBI Received Rs 8,800 Crore From Government Without Requesting It: CAG Report

SBI Received Rs 8,800 Crore From Government Without Requesting It: CAG Report

Mar 28, 2023

DFS infused Rs 8,800 crore into SBI in 2017-18 for credit growth considering it the largest PSB in the country even though there was no demand

EPFO Fixes 8.15% Interest Rate On Employees' Provident Fund For 2022-23

EPFO Fixes 8.15% Interest Rate On Employees' Provident Fund For 2022-23

Mar 28, 2023

After the government's ratification, the interest rate on EPF for 2022-23 will be credited into accounts of over five crore subscribers of EPFO

SEBI Eases FPIs Onboarding Process

SEBI Eases FPIs Onboarding Process

Mar 28, 2023

In a bid to reduce the physical movement of documents and the time taken for registration, SEBI has allowed authorized bank officials to use SWIFT mechanism for certification of copies of original documents submitted by FPIs

TRAI Cracks Down On Pesky Telemarketing Calls, Messages; Holds Review Meet With Telecom Companies

TRAI Cracks Down On Pesky Telemarketing Calls, Messages; Holds Review Meet With Telecom Companies

Mar 28, 2023

TRAI said from May 1, the blockchain based DLT system will also be implemented for voice calls, just like it is in place for unsolicited messages at present

Reliance Capital Lenders To Go For 2nd Auction On April 4 To Maximise Return

Reliance Capital Lenders To Go For 2nd Auction On April 4 To Maximise Return

Mar 28, 2023

The insolvency process of Reliance Capital (RCAP) has been going on for more than 450 days, which is much longer than the statutory time limit of 330 days

Competition Commission Clears JM Baxi Ports-HAL Deal

Competition Commission Clears JM Baxi Ports-HAL Deal

Mar 28, 2023

Hapag Lloyd Aktiengesellschaft (HLAG) is the parent company of the acquirer group, which is headquartered in Germany

Adani Acquires 49% In Quintillion Business Media For Rs 48 Crore

Adani Acquires 49% In Quintillion Business Media For Rs 48 Crore

Mar 28, 2023

Quintillion Business Media runs the news platform Bloomberg Qunit, now called BQ Prime

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